RE: r/WallStreetBets vs Hedge funds
January 31, 2021 at 10:23 am
(This post was last modified: January 31, 2021 at 10:31 am by Brian37.)
(January 30, 2021 at 3:12 pm)Rhizomorph13 Wrote:(January 30, 2021 at 2:53 pm)Brian37 Wrote: Not being a SEC lawyer or regulator, jus the word "manipulation" no matter what class one is in, is a word that implies cheating.
Like it or not, manipulation is exactly what the markets are about. Whether you are talking about some broker pumping up a penny stock or hedge funds making huge plays to push stock up or down, it is the way of stonks. If you want, you can learn the patterns and grab some cash. Either you play it safe and play stocks based on merit as I have done since February, or you fly by the seat of your pants and go long on daily spikes or short potential pump and dump stocks. It is a game and you are playing against other people.
Cheating is just some butthurt, virtue signaling word. Whatever; you gotta go get yours!
I have a fixed annuity because I am not a speed demon or dare devil. If one is a billionaire, which I am not, they can absorb a loss far better.
Even outside the stock market, with things like lotteries and casinos, it is sad and disturbing that people get addicted to that. But things like day trading too, to is nothing more than gambling. The odds of a layperson with no money or power of winning playing the stock market are the same as the lottery or a casino, very low.
It isn't "cheating" say in the NFL, if you play a run pass option, and end up in a flea flicker, all designed to throw off the defense and end up getting a touchdown. That is not cheating. But even a "flea flicker" play in football, is a high risk, low yield play. It works very few times. Just like "Your shoe is untied" only works on the gullible.
What I am addressing is how our constant deregulation and lack of oversight allows things like Enron, or Wells Fargo, or Bush's great recession. That isn't a matter of just hurting those who have the money to lose. That is hurting even people who never enter the casino.
Lets not confuse, betting, with lack of regulation.
