Day Trader Army Loses All the Money It Made in Meme-Stock Era

[ajacobson]

https://www.bloomberg.com/news/arti..._medium=bd&utm_source=applenews&sref=wgRWWeJL

 

[Nobert]

 

[mute9003]

im guessing this is the big shakedown that shows who is the real trader and will make that 10% of the profitable traders and who is just in for the ride and falls off

 

[Snuskpelle]

Guess a fair portion of people losing their shirts now are people who "learned to trade since 2020". If you endured 2000 and 2008 then you know the routine.

 

[JackMorgan]

My personal survey shows at leas 89% got out with massive profits, and only pretended to hodl so they would not lose face.

Like how everyone bought ETH and BTC at < 5000 and never added any . Same jenyus

 

[schizo]

As they say, rising tide lifts all boats, regardless of one's skill. It's only in the bear market you're truly able to prove your mettle.

 

[VicBee]

Guess a fair portion of people losing their shirts now are people who "learned to trade since 2020". If you endured 2000 and 2008 then you know the routine.

Is that so? You mean the old guard knew better and didn't lose their shirts this time around?

 

[deaddog]

Is that so? You mean the old guard knew better and didn't lose their shirts this time around?

Some of us didn't.

 

[VicBee]

Some of us didn't.

Statistically speaking or you and a couple guys you know?

 

[deaddog]

Statistically speaking or you and a couple guys you know?

I can only speak for myself. Cut losses quickly and stuck with my plan to buy stocks that were going up.