Fucking explain to me.
Whyliterally everyone making money on this market
17 Year Old Trader Turns £2,800 into £150,000
>100000 17 year old "traders"
>1 makes it
>Fucking explain to me.
the casino handed him a hot streak.
welcome to statistics 101, you have just learnt what an outlier is.
no, you didn't have to have a "hot streak" to buy the meme stock of the day (TSLA) and watch it explode.
Heck if you bought fucking Apple after the March panic you would have made bank.
It doesn't take either luck or genius to pick Apple. It's literally the first fucking thing a normie would think of buying
In bull runs, it's better to be a normie than to be a contrarian
He would have to YOLO every trade in order to make that much money. If he keeps on doing this, his luck would eventually run out.
Survivorship bias
That 17-year-old was obviously trading options and not stocks.
This
I've turned £3k into just over a million and I'm 19
All you can do with £150k is buy a nice car or get a mortgage
example
>probability 0.01%
>10k people trade options
>most lose
>1 makes it like that
don't worry though, it's almost guaranteed he thinks of himself as a genius and is promptly going to lose everything.