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[–]Canbot 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (5 children)

Betting on stocks was a hobby. This is a very common clause when negotiating buyouts.

[–][deleted]  (4 children)

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    [–]Canbot 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (3 children)

    Really well. Then I moved to options. Shit is rigged as fuck. Then I went back to stocks and got fucked by Robin hood when they refused to fill my GME short. That really put me off trading. I realized the whole system is corrupt as fuck. What Robin hood did was outright fraud. Yet they are still allowed to operate and no one went to jail.

    I never touched crypto. It looked good at first (5 years ago) but I was skeptical knowing the history of stock market manipulation and realizing that without regulation and oversight crypto would suffer from those same problems but amplified by the fact that literally everyone knows all those old tricks. Then, one claim after another was proven a lie. From free trading, to can't be traced, to secure.

    Basically everyone with any sense was predicting the crypto crash.

    Stable coin in particular was blatantly attacked by investment bankers. Most crypto is a pump and dump orchestrates by the proprietors. Stable coin was assassinated from outside. It's a shame, but inevitable.

    [–][deleted]  (2 children)

    [deleted]

      [–]Canbot 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

      Lol, wallstreetbets is (was?) a cool place to hang out and shitpost but absolutely NOT a place to get "DD". But if you know nothing then read some threads and look up the jargon they use. Once in a blue moon someone posts something very knowledgeable. If you are intelligent then you will be able to pick out what is valuable from the pile of shit. That is essentially how I got into it.

      The place gets "audited" by the SEC regularly because the market makers use it to passively coordinate trading based on predetermined signals. Not that I (or the sec) could prove it in court. But there are a lot of highly intelligent and knowledgeable people on there and you can glean some insight on thier mentality and the culture that shapes the market. (US markets, NYSE in particular). They obviously don't share strategies or give tips, but there are things to learn from the comments they make.

      Start by being bullish and using QQQ and other leveraged ETFs. Make short term trades ~3 days. Any longer and you will lose out on contango. Don't bother trying to trade by making good predictions of market forces, I used to do that and got burned making the absolutely perfect predictions that contradicted expectations and still the market went the other way. Prices are not effected by news the way they should be.

      But the FED is (was) proping up the market with trillions in TARP money and other bailout funds. So for the last 30+ years, and potentially until infinity, going long on everything in general is a good bet. But there are all kinds of engineered downturns designed to shake out the weak willed.

      I don't know if any of the books are of any real value in such a rigged system. They obviously all assume the facade is real. Any advice that accepts that premis has to be flawed. Read up on game theory instead. Realize that you are playing a complicated game of rock paper scissors. Every time you win someone else loses. Everyone who loses uses that loss to advise thier next move. If you win one round and play the next round the same your chances of losing the next round go up every time you repeat your move. You have to change up your strategy often.