Benbenboo
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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.
$Alibaba (BABA.US)$ $Tesla (TSLA.US)$ $Netflix (NFLX.US)$ $CLEARSHARES PITON INTERMEDIATE FIXED INCOME ETF (BTC.US)$ $Zoom Communications (ZM.US)$ $Meta Platforms (FB.US)$ $AMC Entertainment (AMC.US)$
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.
$Alibaba (BABA.US)$ $Tesla (TSLA.US)$ $Netflix (NFLX.US)$ $CLEARSHARES PITON INTERMEDIATE FIXED INCOME ETF (BTC.US)$ $Zoom Communications (ZM.US)$ $Meta Platforms (FB.US)$ $AMC Entertainment (AMC.US)$
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Benbenboo
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Are you a fan of Tesla vehicles? Are you holding Tesla stocks? If you are, you would be satisfied with $Tesla (TSLA.US)$ stocks' performance as it gained almost 4% intra-day when other big tech stocks lost ground.
But, did you notice that the oil future is surging as well? Also, the oil&gas sector gained when the $S&P 500 Index (.SPX.US)$ lost 1.3%! $Eversource Energy (ES.US)$ gained 5.3% and $Marathon Oil(Delisted) (MRO.US)$ rose more than 4%. People are saying that oil demand will keep rising until 2035. $Ford Motor (F.US)$ and $General Motors (GM.US)$ might also be good investments. I would still invest in these stocks.
I believe EVs cannot replace traditional cars in the short term. What about you? Are you more interested in clean energy stocks or oil&gas stocks?
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But, did you notice that the oil future is surging as well? Also, the oil&gas sector gained when the $S&P 500 Index (.SPX.US)$ lost 1.3%! $Eversource Energy (ES.US)$ gained 5.3% and $Marathon Oil(Delisted) (MRO.US)$ rose more than 4%. People are saying that oil demand will keep rising until 2035. $Ford Motor (F.US)$ and $General Motors (GM.US)$ might also be good investments. I would still invest in these stocks.
I believe EVs cannot replace traditional cars in the short term. What about you? Are you more interested in clean energy stocks or oil&gas stocks?
Rewards calling! Comment to win rewards!
Moomoo news team and I hold the event together for a month! I will post discussions every day and Moomoo news team will support the event with reward points! We will pick the top 2 'liked' and top 3 'insightful' comments every weekday& top 10 'liked' and top 10 'insightful' comments every weekend to be the winners.
For more details, click here.
Follow me to join the latest discussion!
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$United States Steel (X.US)$Unable to break through, idle
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$MasterCard (MA.US)$ may try to go up to prev recent high around 376 level. Oppty to accumulate.
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$RLX Technology (RLX.US)$ Most of the stocks sold below $8 are being cut and run. It's so sad. The darkness before the dawn, can't hold on. All the bearish news from March until now is just the same old wine in a new bottle. Don't sell, holding will definitely bring double returns. When all the bearish news is exhausted, the implementation of regulatory rules will be bullish.
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$Senseonics (SENS.US)$ price target 🎯 4.00+ OTD 😎🧛🏾💰
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$AMC Entertainment (AMC.US)$ let's go 70! we need to give those who bought at 60 some peace of mind! 🦍🍻
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