(January 31, 2021 at 10:23 am)Brian37 Wrote:(January 30, 2021 at 3:12 pm)Rhizomorph13 Wrote: 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.
Don't compare the stock market to games of chance, that is loser talk! Simply put, the market moves based on known rules, there are predictable patterns and trends that you can make money from. Since February I've beat the market averaging a return of 150% just by listening to a website called riskhedge.com. I receive their free newsletter that leaks out a couple of solid trades a month. Some of the trades are amazing like I bought Roku and sold for over 400% profit recently! I started with an account of about 5k and have grown it to around 13k.
Free tip there is still some up side on a little bioengineering company called Twist. You could get a Robinhood account and make some plays. There are no guarantees but with a little study you can find some long plays.
BTW I ate 30% by buying QS (A battery company) and I've since taken my lumps and sold out so I can invest that money in more lucrative ventures. Riskhedge did NOT recommend that. I did the dumb thing and played the news which talked about new battery tech! YAY, ok but not necessarily profitable for another 2 years so the stock crested then plummeted because that is how news cycles work!
Think of stocks like this; you buy a company at 100 bucks and if there is no positive motion or, worse yet, it plummets to 70 or whatever, you can sell at 95 to prevent loses then buy at 70 because you know it has a potential value of 100 and will probably get back there due to this raging bull market! While betting on black at a roulette table means either you win or lose. So stock are a thing of real value and you just need to watch for changes in that value and you can capitalize.
