The statistic is something like 90% of individual traders (professional or amateur) lose money compared to just leaving in the S&P 500. The only entities consistently making more money are doing high-speed or inside trading. Maybe 1% get lucky and make money (shortly before losing it all), but at least half of r/wallstreetbets is people faking profits to try and pump their stocks of choice.
The statistic is something like 90% of individual traders (professional or amateur) lose money compared to just leaving in the S&P 500. The only entities consistently making more money are doing high-speed or inside trading. Maybe 1% get lucky and make money (shortly before losing it all), but at least half of r/wallstreetbets is people faking profits to try and pump their stocks of choice.
Don’t play the stock market kids.