Personally I think Icarus didn’t just fly high enough.

@Cherokeechuck9

Жыл бұрын

Paper wings andy

@daniellagrou4014

Жыл бұрын

nah wrong time of day, he should've hoddled till night time and flown to the moon!

@STNGR4Y

Жыл бұрын

@@Cherokeechuck9 this is an incredible comment. I bestow upon you one of the highest comedy awards I can: 😂😂🤣🤣

@DeadFanDeadFan

Жыл бұрын

I think Icarus just needed to fly high oh Free Bird

@neonicon8500

Жыл бұрын

Personally, I believe Icarus just didn't fly high enough.* You're welcome

How foolish Atrioc. Everyone knows that you don’t lose until you sell, so even if my portfolio says I’m “down millions of dollars” I know that I’m just one moon away from making it.

@ambmt

Жыл бұрын

DIAMOND HANDS

@johnthomas137

Жыл бұрын

Best part is that's not even true with options! You don't need to sell to realize your losses, they can simply expire! Such fun

@teddyschlong9063

Жыл бұрын

You don't need to sell if your brokerage margin calls you tho.

@bluegromp7642

Жыл бұрын

so true king

@greenoftreeblackofblue6625

Жыл бұрын

Russian Rubles irl

People will literally have millions of dollars at their fingertips and yell “Diamond hands!!!” right before it crashes

@Cherokeechuck9

Жыл бұрын

But it could be trillions! Hodl!!

@taco_fetish5178

Жыл бұрын

Hahaha the dogecoin millionaire

@aarepelaa1142

Жыл бұрын

Yeah, million would be more than you need in your lifetime, but then you decide to just shoot yourself in the leg.

@mattbenz99

3 ай бұрын

The habits you use to gain wealth determines the habits you will have after wealth. It is why so many lottery winners end up broke. If you gamble to become a millionaire, you will gamble again after being a millionaire. If you had discipline, saved, and invested to become a millionaire, those are the habits you will have as a millionaire.

As someone who doesn't know shit about investing, the one important thing I got from this is not to mess with options and leverages

@txrnip

Жыл бұрын

If I don’t know anything about investing I already know I shouldn’t invest for the foreseeable future

@ab-lymphocite5464

Жыл бұрын

Then you are smarter than most of the stock market kitties that make irrational decisions

@graysonchorost5611

Жыл бұрын

It sounds like if I make a $50 dollar bet I could make $5k, it’s only bad to the extent that these people are doing it. If you have those insane amounts of money to throw away, if you think spending 50k is nothing, then why not risk it on a 50m return

@ProAssassinII

Жыл бұрын

options can be a good play if you actually researched a stock and go for longer expiries, just for the love of god don't throw all your money on random weeklies lol

@ProAssassinII

Жыл бұрын

@@rygriff4688 blue chip stocks are burning your money rn lol

honestly, considering twitch is full of developing teens, atrioc being there to tell them not to do stupid shit is actually a great thing. props to the big a

My parents lost 500k in weekend on a few bad calls. Their retirement money just got evaporated and will probably have to work a few extra years because of it, don't fuck around with large sums of money you can't lose.

@justinbridgez

5 ай бұрын

a few extra years? your parents that should be death or that was their risk...start small. you can turnn 15$ into 3k on options in a day. risk is 15..but i hear ya

@undeadnoob6108

2 ай бұрын

@@justinbridgezwtf are you saying

@Fohnzii

21 күн бұрын

Your parents will never retire unless they're already millionaires

6:14 - the important thing skipped over here is that the market is priced in to the price of the PUT. You cant just predict it goes down, you have to predict that it goes down WORSE than what everyone thinks it will be

@hamoiq908

Жыл бұрын

Just interested how does this differing from shorting stocks instead of putting a put option on a stock

@NicholasSunderland

Жыл бұрын

@@hamoiq908 it's not. put options are a form of shorting

@matthewbelter4237

Жыл бұрын

@@hamoiq908 With shorting a stock it's like you are selling a stock you don't have. At the end of the shorting period you must repurchase the stock at whatever the price ends up at. So when the shorting period is over if the price of the stock goes down you will make the difference of the 2 prices. When you have a put option it is basically paying into a contract that lets you sell a stock at a set price in the future (typically lower than the price you paid for it). If the stock goes below that set price, you can execute your option and make money on the difference. Put options are generally used by investment banks to reduce risk and limit their losses if the stock declines whereas shorting a stock is usually more so gambling that a stock will go down.

@TheGoodChap

Жыл бұрын

Its like betting on the over/under vs a bookies idea of what the price will be, its literally almost identical

@daintydiagnostics7238

Жыл бұрын

Not exactly it's priced 50% to the down side and 50% to the upside in general. In some cases it can be skewed in a particular direction. If the implied move was priced 100% into individual call or put options then option sellers would just be selling in both direction aka a straddle and make guaranteed money unless the stock moves twice as much as expected and nobody would be buying options expect for smooth brained retail clowns.

this makes me feel better about my life in general.

@bblvrable

Жыл бұрын

Likewise. I've made a lot of mistakes in my life, but I've never lost $4.7m thinking that a meme stock was going to rally after the meme died.

@kylezammit1868

Жыл бұрын

@@bblvrable yeah man the thing that goes through some peoples heads is crazy. I’m proud of the money I’ve accumulated at 21

The Benjamin channel is an absolute hidden gem. His videos are drop dead funny and I always learn something 😂

@chimmydoesstuff

10 ай бұрын

literally!!!! i miss him

@JoicSeth

9 ай бұрын

​@@chimmydoesstuffso true! Where tf is he gone

@tobias-sager

9 ай бұрын

@@JoicSeth he's still active on his patreon and as far as i saw he said that hes working on a video around 1-2 months ago

Imagine never having to work for the rest of your life and instead you refuse to sell Gamestop stock and lose it all

@mooncalf_4534

Жыл бұрын

wallstreetbets lose money recreationally though, it's not about getting richer, it's about losing a bigger amount in a funnier way.

@Janz_u

Жыл бұрын

@@mooncalf_4534 Doesn't make it any better though. Imagine in few years you coming to realization that you'll be forever working at McDonald's "just for memes". It's fun but stupid and I can't see many of these people not regretting their decisions in future

@mooncalf_4534

Жыл бұрын

@@Janz_u People spending tens or hundreds of thousands on CS skins aren't working at McDonalds because like most-any other investment, you have to already have a lot of money to realistically gain significantly from investing. CS skins are volatile but the market trend is ridiculously positive. I bought a MW Dlore back in the day for like $1100, now they're $6k or some shit. I bought my friend a Bfly back in the day for like $100 and it's like $700 now. Everything's flown up and it's been extremely consistent and with a rise in skins-as-investments, the trend'll continue in very high-end skins. For a while at least.

@Sahbab11

Жыл бұрын

@@mooncalf_4534 who says csgo won’t die off? It hasn’t had any updates in years and years

@mooncalf_4534

Жыл бұрын

@@Sahbab11 It still gets updated regularly, you might be thinking of tf2

As someone who lives month to month & can barely afford the tech to be in communities like this, this was so fucking hard to watch

God Imagine turning 35k to 5 mil. I'd just cash out at a million and throw a bit back to see where it goes. People don't really think about how big a million is, because we live in a world where we hear about people who have billions, but if you had a million dollars you could coast for ages if you didn't go nuts. Find a nice house for like 100k-200k, get a good car, and curb your spending and you're set for years. Like the amount of freedom that a million dollars would give me is insane, I would feel so insanely lucky to have that amount of money. I couldn't imagine gambling that away. I remember liking gambling as a kid, but as I've grown older it just doesn't appeal to me anymore. I'd rather have a million in my pocket, even if there was a chance I could turn it into 5. Honestly though, I love these videos. They're always really interesting, and you can tell that Atrioc knows what he's talking about, and just generally seems aware of how shit works. I love the gaming content too, but these vids are always my favorites. Although whenever I think about crypto I think about the fact that I almost bought into Ethereum in high school when it was 10 bucks a coin, but decided against it due to the volatility of crypto. Hindsight is 20/20, but I still sometimes kick myself for being so risk-averse

@B1esky

Жыл бұрын

And even if you got to that million and wanted to go higher you could just immediately cash out the second it drops at all and be perfectly fine. It's completely outrageous that person never saw their 5 mil go to 4 and think they shouldn't cash out as soon as they possibly could.

@orinblank2056

Жыл бұрын

@@B1esky There is a chance that it could have crashed over a few hours when they weren't looking though

@B1esky

Жыл бұрын

@@orinblank2056 at least for this person that didnt matter at all because they said they were still gonna keep trying. If it was me and my money was at a million and still going i'd watch until it stopped going up or i'd cash out before i slept.

@sampuhhupmas5666

Жыл бұрын

@@B1esky Any normal person would just not sleep after 100x'ing their money in stocks and not cashing out immediately

@JecIsBec

Жыл бұрын

You're completely right but at the same time, reading "a house for 100/200k" disturbed me deeply, as an Australian - average house price around me is well upwards of a million

I'm the exact opposite of these people. On the 35k to 5mil one I would have cashed out at 100k thinking I'm a genius and then cried for the next 6 months

@devindameron

Жыл бұрын

real talk, I was playing spy with my fuck around account, I had 10 contracts at .5 and sold them at like 1.2 and I was absolutely in euphoria....the very next day spy gapped up and they went to 26.68 lmao. I still can't stop thinking about it and I had an amazing trade, it makes me actually sick.

@Smilinturd

Жыл бұрын

I got 15K bonus during all of this, I was thrilled. I couldve gotten 60K but eh

my dad when he was 20 invested with options for a long time and was pretty succesful and got his first million. he thought he was on top of the world and then lost it all in 30 minutes. Options are just a nice way to say gambling

@bblvrable

Жыл бұрын

The problem with stocks is that if you do your research, you can convince yourself that you can predict every market movement, and when you wind up being right, you start thinking that it's like gambling, but you know what number is going to come up every time. Until it doesn't.

More finance type videos please. I learn so much from you because the way you teach and explain things is actually genuinely interesting!

This made my brain hurt. I has this VOD playing in the background while I worked yesterday but didn’t remember doing so. I was sooo lost for the longest why this felt so familiar and then I started predicting the lines before either of you said them, and I put two and two together. Took me way too long to realize I had heard this before.

@themanhimself3

9 ай бұрын

Rainman over here just discovered what a memory is.

Hey Glizzyhands, your videos have been hitting EXTRA hard recently. Keep up the good work.

@txrnip

Жыл бұрын

For real, he’s even got bots in his replies now, that’s how you know he’s truly succeeding.

@Jimmyvdpost

Жыл бұрын

While I do agree most of his content is great, this is just reaction content

As someone who lives in a country with a fairly dead economy, just 1% of most of those amounts would literally be life changing.

@sarahlally5111

Жыл бұрын

what country if you don't mind me asking?

@bhume7535

Жыл бұрын

@@sarahlally5111 probably Venezuela. lol

@ekkusu9493

Жыл бұрын

@@bhume7535 Argentina, but we're getting there.

@tomog1

Жыл бұрын

pensé que no existíamos 🤝

@SirRichard94

Жыл бұрын

@@bhume7535 lmao. I like how Venezuela is one of like 5 countries americans know.

I asked my brother how much money he’s lost by investing in ethereum, he deadass said “can’t lose if you don’t sell” Note: he is in grad school and has a bachelor’s in finance

@r-pupz7032

Жыл бұрын

Hey, so I saw a man in a balaclava running from my house carrying a bunch of electronics devices but if I don't ever actually go inside to check, it's not a loss 🥰

@LongLiveTheFilmmaker

17 күн бұрын

Ethereum has doubled since last year so he was right. I’ve learned that you should be ready to part with the money you’re investing whether it’s shitcoins or a good stable stock. Anything can hit zero. But you can’t panick the second a trade dips a bit and then pull out and just lose money over and over again if you don’t understand there are highs and lows

They really should've just bought those 100 Thieves Lexuses

Benjamin is a great content creator with some informative videos on investing strategies, definitely worth checking out for more than just WSB memes

"if its good enough to screenshot, its good enough to sell" truely sage advice

My dad lost so much money even though I told him dogecoin was made as a meme. He was so confused when I told him dogecoin wasn't a stock or investment in a company at all and that people are dumping their money as a joke. I kinda don't feel bad for him lol

that 5 mil one made me feel ill, he could have been set for life and instead threw it away because he thought he could get more

Great edit Erik, your videos are really great to watch! And as always great Get Smarter Saturday, big A, love seeing people on Wall Street Bets

i'd like to say that im not a great investor in real life so i prefer to do my endeavors in the cookie clicker stock market and i'm a completely successful multi- billion cookie investor within the game

this reminds me of how whatever sin you don't have control of controls you and you don't even get to enjoy it anymore. People addicted to alcohol cant enjoy a beer like other people, greedy people cant just spend or save their money well, ect.

"It's ok, 45k is that awkward amount, where it's not really enough to justify buying anything cool" Yeah it's just more than I ever had in my account lmao.

This makes me feel better that I only made 1k$ out of the GME hell. At least I didn't bankrupt myself like these idiots.

I appreciate how at 8:50 when Big A talks about free money the song free money comes on. Very nice touch

I genuinely have never been so surprised by an Atrioc upload, I may not have watched the video yet, but knowing it's Atrioc, we already know it's that gas :)

Yes Atrioc, signs are visible now because hindsight is 20/20

@gustafbrogard4609

Жыл бұрын

Thats just false, me and my friends were able to see these patterns in like october/november. Atrioc even has videos about this made around that time. It's always been a question of when seeing as this is only the start. Also the signs were so obvious: NFTs, hobby investing being so succesful and Tesla being so inflated are such obvious signs of a bubble.

This type of stuff makes me feel like throwing up... Lifechanging money just gone...

What an excellent example of “investing” vs “trading”. I’m being nice by calling it trading when in actuality these people would have been better off going to a blackjack table

The stock market can be explained with 1 rule and one guideline The rule is that stock price already have the expectations and predictions factored in, so you can't predict it, It works like WAAGH power, it works because people believe it works. And the guideline is, when stocks go up, it's time to sell, when stocks go down, it's time to buy

I love when Atrioc watches Benjamin, great stuff

This makes me feel better about my poker losses

The music choices were well done in this video, well done eriksenchee!

Seeing this makes me really interested to hear a deep dive into the sports gambling giant. Would be a great vid from you

So, I'm somewhat in the degenerate camp and have so far this year lost about 9% of my networth (or 15% of my invested money - doing even worse than the S&P 500 by a few percent because I broke my own rule and put a lot into crypto... I don't even know why). The only thing that saved me from losing more was the fact that I'm getting a new vehicle and moving soon so I wanted cash set aside to do those things, otherwise I would have invested (and lost) double what I did. The other good thing is that I shouldn't need any of the money for another 2 years at minimum, and even then I'll only need to start dipping into maybe 15% of it per year for school, so there's time to recover. (At this point I'm actually thinking it's a pretty good time to do some tax-loss harvesting.) But yeah, an expensive learning opportunity, but I absolutely have learned a lot over the last year. Stick to specific percentages for portfolio allocation, and rebalance when things go outside of those percentages (this would have saved a lot of loss, and actually made money, on my crypto bets for example). Relating to crypto, and like what was brought up in the video - knowing what your end-goal is and what would trigger a sell for you is another takeaway. Like, what was my plan with crypto? Sell when Bitcoin reached 100k? I probably both didn't have a real goal nor would I have stuck to it if I had. I've also been more realistic with my investment strategy and I'm putting less in stocks than I've been - betting money when I'm young and have a lot of expensive purchases coming up was a fool's gambit.

@kil0_387

Жыл бұрын

it sounds like the true destination, for you my friend, was enlightenment. and thus you have succeeded

The key is sticking to reasonable goals and obeying a preset of rules and boundaries before taking on a surprisingly difficult market.

Great video! Loved the edits, was able to catch the livestream, but loved the video also. Keep it up big A

As an advisor with a JD and plenty of tax prep experience, I lost it at the Fidelity letter. It was actually getting depressing during those "meme stock days". So many people--even retirees--would say, "What am I paying you for? I am making so much more just betting on meme stocks!" only to be absolutely penniless just 1-2 years later. I remember sending out a good handful of letters myself. Just found your channel recently and I have been enjoying it. Thanks for the comic relief! *Edit*: I, too, was very lucky to learn about options trading in my early 20s. What an incredible lesson to learn for less than $10,000.

One of the funniest things about that average beginning trader chart is how they first option that made him a ton of money, he almost immediately used the entire profit he made form that to immediately gamble it on another option and lost all of it lol

That's gambling, not investing.

The editing on this one was fire, great job eriksenchee

Dude this just stresses me out, doesn’t make me feel any better

I put 20k into AMC at $6, sold it all at $60. I then put all that money back into the portfolio I was originally building. Nice to get a ten year boost in a couple months.

These aren't the worst losses, you haven't covered my portfolio yet.

I like the addition of music to this editing it’s very nice and matches atrioc’s vibes

At an Atrioc video 2 minutes after release kinda goated

8:50 using the song Free Money from Pikuniku is so funny there, shout out to erik

This dudes channel (named “Benjamin”) is so good! Love what he covers during the vids and has a great sense of humour!

Benjamin is a great creator... Incredibly dry humor mixed with real investment tricks.

Good editing Erik

My experience with trading started in freshmen year of college. The economics and com-sci students created a fake trading game where an AI would update in game prices in real time with real prices. So the market was as realistic as possible. But we all were given a million of fake dollars to trade within the game. Biggest profits by the end of the semester got extra credit from econ professors, if you partook in their classes. I went through this entire model, thankfully with fake dollars. And realized trading is not for me.

walking into someone's house and seeing the golden hammer award would be such a funny way to know they're debt free

The 35k to 5mil and DIDN'T SELL is the craziest thing I've ever seen..

They’re just throwing for content

I learned more in this video than the last few months trying to get into investment youtube. Well done homie.

If you are long on the stock (I.e. you own the stock) and buy a put at the same time, the put actually acts as insurance if the stock price drops. Options trading, like most financial literacy, is just not understood by most people at all. As you said people are looking for speculation and basically gambling. But it definitely does not have to be that way. One key theorem for all markets that are efficient is that your rate of return and your risk are directly related. You can always increase your rate of return by taking on more risk (but then more risk means more chance to lose it all too). There ain't no such thing as a free lunch folks.

i put in a call on facebook back when the stock tanked in october, then held it until it crashed again. genius

Benjamin is such a good channel. been a sub for a year on that shit. always makes me laugh

The worst part that 5 million dollar loss is at the end, he was still up 1,000%.

i dont beleive in gamblers fallacy i believe in gamblers prophecy

I really hope to top it all I get to watch a goldfish for the ninth time take over. I do wish for this but at this moment I cannot fathom what is to come, Yes Atrioc!

I love that "my hands look like this, so hers can look like this" meme with his hands scratching lottery tickets while she's running a credit card 😂

Benjamin makes some of the funniest, but factually correct videos out there

Great thing about the market declines of this year is that you can get stocks at a discount and let the markets recover. People think of Wall Street crashes as "Black Monday" or "Black Tuesday". I see them as "Black Friday". The day after Thanksgiving Black Friday, except the bargains are on Wall Street, not Walmart. Benjamin Graham, the writer of 'The Intelligent Investor and an influence on Warren Buffett, wrote that "The markets will swing between unsustainable optimism which drives prices up to unjustifiable pessimism which drives prices down. The intelligent investor buys from pessimists and sells to optimists."

If I did anyone of those mistakes… I would never have a family again 😔

Most I've ever lost was a stack of spellfire cloth when transferring them between factions in the neutral auction house. Some bot swiped it the second I created the auction :c

I would pay money for that money loss letter

I almost put a few thousand into Gamestop back in mid 2020 and could've made so much. Seeing all of the people who had done that makes me depressed lol feels a bit better to know that I probably would've sold way too early/late

@MrNikolidas

Жыл бұрын

If you sell and you're up, it's not selling early.

this video could not of come at a more perfect time

thank you for guiding me to the dude who actually took the time to find these bets

The funniest thing about options is that you can’t hold so these people that hold usually will just bet more and more instead of holding haha

I have a pretty identical origin story with options, thankfully it happened very early in my career. Now I'm a buy and hold forever / average in to index funds kinda guy.

What I tell people just starting with options is that you forsure blow up an account, so make sure that it’s a low amount (for your means) to learn off of. You may learn real quickly that it’s not for you, that you can handle some volatility, and/or that you are fiending for more

8:50 Mr sunshine would be happy

Losing five million dollars is like realizing you could retire right then but gave it away.

This video made me check my investments and God damn I'm down 23k YTD I'm a buy and hold investor (and only put what I can afford to lose plus do dollar cost averaging so I don't go crazy constantly checking stock prices) so technically it's not realized loses and I'm still up overall compared to just keeping the money in the bank or under the bed but going from being up 26k to only 3k feels crazy. I can't imagine doing what people at wsb do.

@cyrnoz1803

Жыл бұрын

Same, been going down a lot lately, but still up overall. I just see this as a time to buy great companies at a great price

going -90% vs the market's +50% is inspiringly difficult. a modern day rain man

13:41 someones been watching jack ryan on amazon prime i see

my boy benjamin popping off

This whole thing is so accurate i put like 250€ in tesla calls and made a 100% return. Next day i lost it all in amazon calls lol

14:52 Bookmarking my favorite part of the video, lmao

Thanks for the video Big A! Going to do 2 hours of studying stocks and try out Robinhood leverage

Bro I needed to see this. My life is NOT shit 💀

This video gaved me biggest anxiety

That 35k to 5mil isn’t even greed at that point. It’s lust

Ok erik, Big props on music choices.

My stomach churned a lot watching this

Good editing my man

lol @16:05... how are those airline stocks doing right now?

Sometimes if you wanna open a long position in a stock at a price a bit lower than the current trading price, you can wait till the price drops, or sell puts. If the puts expire you make a bit of income. If you get called, you own the stock at the strike price minus your option premium. So selling puts is often a bullish thing to do

"Nice Video!" -Abraham Lincoln

"oh shit money glitch!!" 😂😂😂 Big A funniest dude in youtube hands down

Thanks for starting soda city funk a little earlier, I feel like it ends the video off a little better

Four words. Technical analysis & due diligence

I'm almost certain that in the 9 months since this was uploaded, the record has been topped