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The Stock Market is Just Financial Fantasy Sports (sh.itjust.works)
submitted 9 months ago by to c/showerthoughts@lemmy.world
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[–] 0 points 8 months ago* (last edited 8 months ago) (4 children)

not day trading, that's the real beautiful part of actually knowing how all this works. just avoid the obviously overpriced shit, trade with the barest understanding of the actual value of the underlying and don't short anything and it's practically impossible to lose $ in a bull market.

more of swing/event trader i guess. the casino is designed to catch your eye daily to keep you playing as much as possible but most movement outside of monthly/quarterly is bullshit algo games, MM's incentived to "make things exciting". the real money is made on the slightly longer timescales when you know when to hold/sell (event trades of course going on their own schedule)

point is in a bull market, especially a bubble...there's shitloads of $ flying around, all these ratfucks getting blank checks from corrupt uncle sam don't spend their $...they put it into the casino, add in the passive/algo traders, pensioners just mindlessly buying in every paycheck etc... hunting that liquidity down for yourself really isnt all that hard to do once you understand they key differences between US markets and rest of world (especially EU, who like theirs predictable)

i don't plan on doing it very long, while it's not day trading it is far more active than I'd care to do longterm, and it kind of puts a bad taste in your mouth when you know how it works and have a working concious. I started out working class nobody, you know what these rich fucks call a job? the labor trap...wages are capped, and politicians they've bribed keep it that way. the game is rigged, playing fair only insures you stay poor for life

but when a bubble bursts and everything crashes...anyone with barest understanding of the markets stands to make a shitload. i'll probably be able to turn this 5000% gain into 10-20x that easy if not more... i'll cash out a couple million and try to break into some industry that interests me (still not sure yet), then spend rest of my freetime trying to put this blood money to good use fixing this fucked up country/world we've built for ourselves

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  • [–] 6 points 8 months ago* (3 children)

    ... right.

    At no point did you deny that you're using leverage.

    Which means that if your understanding of 'how it all works' is... wrong... in any significant way...

    Well then your personal situation unwinds in a micro version of how the rest of the economy currently is.

    Your strategy relies on never making a significant mistake.

    Statistically, you will.

    Oh right, also this:

    A few million is nothing.

    Maybe enough to confidently own a pretty nice home.

    Assuming the starving mob doesn't visit you.

    In terms of fixing society?

    That's roughly on the scale of helping hundreds or thousands in your local community, on an ongoing basis.

    Nothing, in the grand scheme of things.

    ... A couple million?

    Jeff Bezos makes ~3 million dollars in a single hour.

    An hour.

    Try and square that, really try and think about that.

    That house you wanna get, that non profit you wanna set up?

    That you took huge risks for, for multiple years, some how lucky enough to never fuck up?

    That's an hour of Jeff sleeping.

    He could see your house, or envision that non profit in a dream, and then on a whim, just buy 8 of them when he wakes up.

    The solution to this, to trying to fix society, is not trying to beat them at their own game.

    The solution is breaking the rules of the game.

    After all... that's how they got to be where they are.

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  • [–] 0 points 8 months ago* (last edited 8 months ago) (2 children)

    i said cash out a couple mil, i'll have double digit millions in port to still work with, just more passively.

    i was skeptical at first too, but it really doesn't take that much risk to print a stupid amount of $ in a market like this, leverage helps you exponentially long as your not completely fucking stupid. don't short anything (at a price you don't want to sell/own, atleast, if you want to for whatever reason), don't trade shit you don't understand, and cut your losers fast/let your winners run

    follow those basic rules and it's impossible to get margin called (long as you don't max it like an idiot, top out at 50% or so to give yourself buffer zone)

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  • [–] 2 points 8 months ago* (1 child)

    Yeah ok so you're levered up, think everyone else doing the same thing are 'fucking stupid' 'idiots', dumber than you, because you have the secret sauce to doing it slightly differently.

    I will now quote my original comment:

    ... you've got the day traders, and they almost always get their clocks cleaned, they just develop a neurotic-obsessive personality based on 'no, I'm the one guy that can outsmart the market'.

    I didn't expect one to actually appear, but, well hey there ya go.

    I guess I should also amend 'grandiose narcissist' to my psych profile of the kind of person that does what you're doing.

    Here, lemme throw the ZeroHedge motto at you:

    "On a long enough timeline, the survival rate for everyone drops to zero."

    Good luck with your dance.

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  • [–] 0 points 8 months ago* (last edited 8 months ago)

    there's an old saying that goes pigs and lambs get slaughtered, bulls and bears can always make $.

    it really isn't nearly as risky as everyone makes it out to be if you use a modicum of common sense.

    granted, there's also Buffet's old saying that everyone is a genius in a bull market...which is precisely why i'm using all the leverage i safely can...all this ratfuckimg is being pumped into the msrkets, might as well take as much for yourself as you can while it lasts because the crash is coming sooner than later (can't time the top, but you can buy insurance via puts on the blatantly overpriced indices)...that's the big filter that seperates those that know from those that think they know

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