this post was submitted on 09 Apr 2025
161 points (100.0% liked)

chapotraphouse

13782 readers
697 users here now

Banned? DM Wmill to appeal.

No anti-nautilism posts. See: Eco-fascism Primer

Slop posts go in c/slop. Don't post low-hanging fruit here.

founded 4 years ago
MODERATORS
 
you are viewing a single comment's thread
view the rest of the comments
[–] Cocopanda@futurology.today 40 points 6 days ago (5 children)

How do these tater tots even get so much money to start with.

[–] fox@hexbear.net 60 points 6 days ago (2 children)
  1. Liquidating crypto they bought or mined when it was cheap to do so, and winning the gamble it would go up
  2. Taking debt and investing with the hopes of beating interest rates
  3. They don't have that much and they're doing leverage plays and getting burned
  4. They're lying and doctoring screenshots
  5. They're working in lucrative jobs in finance or similar and blowing their savings
[–] blame@hexbear.net 25 points 6 days ago (1 children)

i think a lot of it is margin which is extra risky

[–] Inui@hexbear.net 19 points 6 days ago* (last edited 6 days ago)

Its definitely this one. Robin hood is still used for its simplicity (the other more 'serious' trading apps are pretty garbage) but because they also approve hella margin for everyone.

[–] kittin@hexbear.net 11 points 6 days ago
  1. Being born into it and inexplicably assuming that meant they were smart
[–] porcupine@lemmygrad.ml 37 points 6 days ago

the same way every other rich person gets their money to start with: from their parents

[–] adultswim_antifa@hexbear.net 30 points 6 days ago

A very small number, like 1 in 10000, make like a 10000% return on something that normally would have lost them every penny and post something like this when they try it again and lose. It's pretty sad. Many with bad gambling problems.

[–] Meltyheartlove@hexbear.net 29 points 6 days ago* (last edited 6 days ago) (1 children)
[–] Lamprey@hexbear.net 24 points 6 days ago* (last edited 6 days ago) (1 children)

(Lower middle class Job + no social life) x years = a modest amount of money

[–] CocteauChameleons@hexbear.net 20 points 6 days ago* (last edited 6 days ago)

From my experience, living with the parents and having no social life, it’s pretty easy to gamble on the stock market even on 15hr. So I can imagine someone who lives with their parents and makes 50k-100k could be moving fat stacks of cash on the market