Movie Bullshit

What's wrong with being extremely lucky?

>>1696224
>ridiculously lucky

Pretty much sums the situation.

>>1696228
Who said there was anything wrong with it?

>>1696228
Nothing, but it's like going to vegas and winning big

>>1696224
but they didn't buy options on stocks, anon...

>>1696240
seriously. Did you watch the movie?

>>1696224
Well with 100k, you could buy a TON of option contracts.

Lets say that you bought 100 call contracts of WFC at 0.11 per share

That would cost you $1,100

I tried to do the same by betting on hundreds of ridiculous sports odds. It didn't work.

>>1696224

It's not luck, it's probability. Out of 100, 200 penny stocks, one of them is 'likely' to moon / get a huge buyout. The one that does pays off all your other losses. Given when they did it In the business cycle (expansion phase), it's a solid strategy.

Trading isn't about luck, it's about sticking probability in your favor, and knowing when to be exposed / when to leave the table.

>>1696365
The wolf of wall street is a meme movie, it isn't real life, if you look at acquisitions and buy-outs anything that exceeds $1B is quite uncommon. Going from a 50M > $1B market cap is only an increase of x20, so it'd break you even after investing in 20 dud penny stocks but no 100 or 200

there's a reason investment funds stick to blue chips and profit more from macroeconomic trends than meme stocks

>>1696224
No, that's not how they did it. Don't do that or you'll get burned. Options are not some magical tool to make you rich. What they did was conduct very thorough analysis of businesses and bet for or against them with options. Like the real estate bubble
>>1696365
If carefully calculated. But your example isn't. The penny stock would have to advanced 100,000% to cover the losses.