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?
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.
99% of day traders quit RIGHT BEFORE they hit it big! Alphas keep TRADING
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.
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
Just buy low expense index funds
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?
Why can’t they just invest in the same stocks that the inside traders on the regulatory bodies buy.
Sure most people shouldn’t but I’m on a roll and found a hot machine tonight. No way I can lose.