this post was submitted on 09 Apr 2025
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chapotraphouse

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[–] [email protected] 40 points 1 month ago (5 children)

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

[–] [email protected] 60 points 1 month 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
[–] [email protected] 25 points 1 month ago (1 children)

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

[–] [email protected] 19 points 1 month ago* (last edited 1 month 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.

[–] [email protected] 11 points 1 month ago
  1. Being born into it and inexplicably assuming that meant they were smart
[–] [email protected] 37 points 1 month ago

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

[–] [email protected] 30 points 1 month 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.

[–] [email protected] 29 points 1 month ago* (last edited 1 month ago) (1 children)
[–] [email protected] 24 points 1 month ago* (last edited 1 month ago) (1 children)

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

[–] [email protected] 20 points 1 month ago* (last edited 1 month 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