NVDA
NVIDIA
-- 111.522 TSLA
Tesla
-- 265.305 TSM
Taiwan Semiconductor
-- 176.185 PLTR
Palantir
-- 80.500 AMD
Advanced Micro Devices
-- 96.750 
Is beginner’s luck in trading stocks a real thing?
No it isn’t. What you are seeing is an example of Survivorship bias or survival bias, the logical error of concentrating on the people or things that made it past some selection process and overlooking those that did not, typically because of their lack of visibility. This can lead to false conclusions in several different ways. It is a form of selection bias.
In other words, 100 beginners start trading stocks. Ninety of them make nothing or have modest gains or losses. Nine of them will overtrade, overleverage, and/or fail to use a prudent position size (See Kelly Criterion.) and lose everything. One of the hundred will make a lot of money through sheer luck. The one who made a lot of money through sheer luck thinks “Hey, this isn’t so hard. I must be a genius.” Then he will post about it on Reddit and everybody will think “Hey, I can do that too.”
Trading is not easy. If it was, then everyone would be a millionaire, wouldn’t they.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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carririlin : Maybe we should regain the serious and cautious attitude of the novice. Maybe you can earn money again. Fear this market, play with your heart and defeat yourself. Instead of just trying to make money by luck
Thelord : Trading requires a systematic set of entry and exit set of rules. It is much more difficult to master but can generate a more consistent income than investing
102386670 : Beginners always get cheated
CelesKim : Key points I will always go by: 1) Greed kills. 2) Profit is profit. 3) Position sizing. 4) Don’t fight the trend. 5) Don’t catch a falling knife.
102386670 : The market full of snakes
bic mutney CelesKim : losses are losses
Digital Cat OP carririlin : can't agree more
Digital Cat OP Thelord : we can never stop learning
Digital Cat OP CelesKim : What do you mean the 5) Don't catch a falling knife?
allen kidd Digital Cat OP :
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