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.

  • wtypstanaccount04 [he/him]@hexbear.net
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    4 months ago

    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.

  • itappearsthat@hexbear.net
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    4 months ago

    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.

  • GaveUp [love/loves]@hexbear.net
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    4 months ago

    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

  • Wolfman86 [none/use name]@hexbear.net
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    4 months ago

    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?