Whether or not skill exists in the context of investing and trading is a hotly debated topic in economics and finance. Some say it does not exist after adjusting for various factors. I think there are some individuals (such as Jim Simons) who demonstrate skill that cannot be explained-away by chance alone. By following such individuals, you can possibly gain an edge.
>On r/wallstreetbets, you're only seeing the few who are randomly successful for short amounts of time because they are upvoted and the rest are lost in the crowd.
That may be true but that does not mean there isn't a pattern. if they are all making fortunes with Tesla and Amazon, maybe that is an indication to be long Tesla and Amazon, although not necessarily with risky options though. Just buying the stock is fine. The monkey analogy implies no pattern.
>On r/wallstreetbets, you're only seeing the few who are randomly successful for short amounts of time because they are upvoted and the rest are lost in the crowd.
That may be true but that does not mean there isn't a pattern. if they are all making fortunes with Tesla and Amazon, maybe that is an indication to be long Tesla and Amazon, although not necessarily with risky options though. Just buying the stock is fine. The monkey analogy implies no pattern.