Those 2 hedge funds made the cardinal mistake of shorting stocks by borrowing shares instead, of just buying put options. Other hedge funds got most of that $13 billion by piling on when they saw what was happening.
Well, at certain times there are odd movements in forex- never been a fan- but stocks stink. They all lie about their finances, aided by toothless regulators. The hugely profitable ones like Amazon are one step away from a massive lawsuit for modern slavery.
Interesting stats. However it only explains that traders lose. We all know that. Some live in denial. What it doesn't explain why or what an aspiring trader should avoid to be successful.
I take it you never use Amazon then? Im happy to use it, and glad my business helps keep people employed by them.
Here is one article that actually, interviewed some actual Reddit traders. https://www.forbes.com/sites/abramb...-over-gamestop-but-many-are-refusing-to-quit/
Another article on how much one hedge fund made on the GME run up. Not all hedge funds were short but, Citadel and Point 72. https://www.wsj.com/articles/this-hedge-fund-made-700-million-on-gamestop-11612390687
“95% of all traders fail" and "Research even suggests that the actual figure is much, much higher." Guess the writer thinks the top is somewhere much, much higher than 100%.
LMAO, where does an amateur get 100:1 leverage. If so I can tell you how 2 trading colluders can bust that brokerage.
The only place you have 100:1 leverage is the forex markets and with that leverage you will be broke in short order. Even stock options do not have 100:1 leverage and Reddit traders sure as hell do not even know what leverage is to begin with.