cross-posted from: https://lemmygrad.ml/post/4714994
Less than 1% of day traders were able to beat the market… Adopt a dog, take up a sport, anything but stock trading.
Could you imagine a world where people invest spare money in state bonds that fund actual productive activity and not the usual fradulant parastic rent seeking?
Less than 1% of career musicians were able to make a sustainable living wage... Adopt a dog, take up a sport, anything but playing in a band
Let me be a gambling addict in peace
One thing that perhaps isn't emphasized enough is how fucking annoying getting into trading or sports betting makes people on a social level. It leads to the most boring fucking conversations as they spin narratives about random numbers being generated. I would rather listen to someone recount a partially-remembered dream from last week. I do not give a single flying fuck how close your stupid three-legged parlay came to hitting.
99% of day traders quit RIGHT BEFORE they hit it big! Alphas keep TRADING
Why can't they just invest in the same stocks that the inside traders on the regulatory bodies buy.
I see a lot of of ads on a certain video site for trading apps. Given how many make a complete mess out of trading, I’m surprised it’s allowed. And how much money is being made out of these people?
It's allowed because capitalist governments love loading the proles up with as many parasites as can get through the door
I've said it before and I'll say it again:
Stocks are no different from gambling in a casino. The rich own the casino, and you only have a small chance of getting lucky. If you game the system (see: gamestonks) then the casino owners will change the rules so they always end up on top.
What rules did they change after that debacle? I've never had enough money to even think of investing.
Sure most people shouldn't but I'm on a roll and found a hot machine tonight. No way I can lose.
