Benbenboo
liked
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.
$Alibaba (BABA.US)$ $Tesla (TSLA.US)$ $Netflix (NFLX.US)$ $CLEARSHARES PITON INTERMEDIATE FIXED INCOME ETF (BTC.US)$ $Zoom Video Communications (ZM.US)$ $Meta Platforms (FB.US)$ $AMC Entertainment (AMC.US)$
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.
$Alibaba (BABA.US)$ $Tesla (TSLA.US)$ $Netflix (NFLX.US)$ $CLEARSHARES PITON INTERMEDIATE FIXED INCOME ETF (BTC.US)$ $Zoom Video Communications (ZM.US)$ $Meta Platforms (FB.US)$ $AMC Entertainment (AMC.US)$
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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 $Marathon Oil (MRO.US)$ 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 $Marathon Oil (MRO.US)$ 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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Benbenboo
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$United States Steel (X.US)$
一直突破不了,闲
一直突破不了,闲
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Benbenboo
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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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Benbenboo
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$RLX Technology (RLX.US)$ $8以下卖的,基本都是割肉跑的。太可悲了。黎明前的黑暗,坚持不了。从3月份到现在所有的利空都是老酒换新瓶。持有不要卖,一定带来翻倍的回报。利空出尽了,监管细则落地就是利好。
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Benbenboo
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$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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