New wave of stock traders

[Deleted member 5301]

Historically when normies joined the stock-casino-game things didn't go well for them (1929, late 80s, 2000s).

Now I am seeing thots discussing trading tactics and other speculative strategies like options and shorts. People that I know that are retarded are also partaking in this. People who were NEVER interested in securities trading of any sort have now grown to "play" this game -- posting their returns for the past month or week or even half day.

Is it different this time? Has the Fed stimulus jewed the markets such that it is over for non stock casino participants?

 

[Deleted member 10536]

Historically when normies joined the stock-casino-game things didn't go well for them (1929, late 80s, 2000s).

Now I am seeing thots discussing trading tactics and other speculative strategies like options and shorts. People that I know that are retarded are also partaking in this. People who were NEVER interested in securities trading of any sort have now grown to "play" this game -- posting their returns for the past month or week or even half day.

Is it different this time? Has the Fed stimulus jewed the markets such that it is over for non stock casino participants?

Actually... Look into gamestop. It is insane. People are winning against the jews. Blackberry, amc, nokia.

 

[Deleted member 10536]

I think the bigger/biggest catalyst was bitcoin though. Or just cryptos in general.
It also brought down the requirements to join the game. Everything got streamlined as a result.
Imo, it's natural state. After all, machines have replaced humans, so this could become the most valuable skill to have.

 

[Deleted member 5301]

Actually... Look into gamestop. It is insane. People are winning against the jews. Blackberry, amc, nokia.

if u had a well-paying upper middle class job or something of course you wouldn't speculate and cortisolmaxx with stocks you'd just clip the income and enjoy life.

I feel this is a cope because young people have no hope (shit jobs) and are desperate to just build any wealth so they take massive risks to do this. It's where the bogged memes come from anyway

 

[Deleted member 5301]

I think the bigger/biggest catalyst was bitcoin though. Or just cryptos in general.
It also brought down the requirements to join the game. Everything got streamlined as a result.
Imo, it's natural state. After all, machines have replaced humans, so this could become the most valuable skill to have.

machine replacing humans is globalist jewish elon-musk hubris propaganda. Niggas are all working shit retail or service sector jobs because we cannot automate service sector jobs as easily as we did manufacturing. I don't buy that shit

 

[Deleted member 10569]

Poverty is better than wealth

 

[Deleted member 5301]

Poverty is better than wealth

Impoverished chad still slays but speculation seems to be the only way many of these people can build wealth is speculating.

 

[Deleted member 10536]

if u had a well-paying upper middle class job or something of course you wouldn't speculate and cortisolmaxx with stocks you'd just clip the income and enjoy life.

I feel this is a cope because young people have no hope (shit jobs) and are desperate to just build any wealth so they take massive risks to do this. It's where the bogged memes come from anyway

I'm that...
I see no future for myself wage slaving and only going backwards and really on a verge of being homeless for many many years. Stock market seems like the only way out for me. I've spent years watching charts. And I do make money from it. Sometimes 100% of the time. In 2020 doubled my account. But it's little money, I don't really have any. But it's very stressful, I'd go nuts if I was losing money on it, as I can't really afford to. Will happen though, I just know it...
I also have bad discipline and take profit too early. I see too many things start going against me and panic. On the flipside, I've avoided several disasters. I know so many good practices, which I don't really do, but mostly because of really small position sizes, rarely go leverage. Like taking 50% or w/e position at profit target and moving stop to breakeven and letting the rest ride. Also I always get in a bit too late, so math starts working against me. Hard to find trades that go 2:1 on risk. Often time it's 1.5:1. Except stocks, I guess. I never have stop loss on big tech stocks. They only go up and I only buy on dips. Tbh, it's insane how much money I'd have made from this already, but here I am being broke. Just hope it will lead me somewhere, so that I can escape rope.
In a way I like trading, gets my brain working, but I hate cortisol...

 

[Deleted member 10536]

machine replacing humans is globalist jewish elon-musk hubris propaganda. Niggas are all working shit retail or service sector jobs because we cannot automate service sector jobs as easily as we did manufacturing. I don't buy that shit

It is really not. Service jobs and this entire service based economy is literally useless, but it's the machines that have enabled this. You really don't see the big picture here.
This is actually a proof and not a counter argument, what you're saying.

 

[Deleted member 5301]

I'm that...
I see no future for myself wage slaving and only going backwards and really on a verge of being homeless for many many years. Stock market seems like the only way out for me. I've spent years watching charts. And I do make money from it. Sometimes 100% of the time. In 2020 doubled my account. But it's little money, I don't really have any. But it's very stressful, I'd go nuts if I was losing money on it, as I can't really afford to. Will happen though, I just know it...
I also have bad discipline and take profit too early. I see too many things start going against me and panic. On the flipside, I've avoided several disasters. I know so many good practices, which I don't really do, but mostly because of really small position sizes, rarely go leverage. Like taking 50% or w/e position at profit target and moving stop to breakeven and letting the rest ride. Also I always get in a bit too late, so math starts working against me. Hard to find trades that go 2:1 on risk. Often time it's 1.5:1. Except stocks, I guess. I never have stop loss on big tech stocks. They only go up and I only buy on dips. Tbh, it's insane how much money I'd have made from this already, but here I am being broke. Just hope it will lead me somewhere, so that I can escape rope.
In a way I like trading, gets my brain working, but I hate cortisol...

If you have made winnings it might be best to cut what u have in half or 3/4 and reinvest the rest. Don't reinvest everything you have gained

 

[Deleted member 5301]

It is really not. Service jobs and this entire service based economy is literally useless, but it's the machines that have enabled this. You really don't see the big picture here.
This is actually a proof and not a counter argument, what you're saying.

I see this argument all the time and yet the productivity in the west is dog shit. All the profits gained from globalization have flowed to financial assets and are being recycled there (real estate, IP, stocks, etc.). There is no incentive to build anything in west that isn't an app or some asset-lite shit like Uber. The real building of technology is happening in China. Which is unironically where the future will be.
The US is just chalk full of problems

 

[Deleted member 10536]

If you have made winnings it might be best to cut what u have in half or 3/4 and reinvest the rest. Don't reinvest everything you have gained

I currently have no positions. Really hoping bitcoin is going to hit 26-20k levels and just buy whenever I get spare money at even lower prices and hoard it for years to come.
I get into trades, generally for a week or less, when there's a dip. Otherwise it's easy to move money around, as I need to eat/random expenses. So not like it's all "frozen", I'm liquid with this stuff, as I live in a big uncertainty. Money I've made from bitcoin this year I spent on gpus for mining. 2x 3060tis, so those would pay off in 6months at current rate, which isn't going to last, but I'd be happy with free gpus even in a year. Now they make 45~euros a week. And... I can play games now, as I'll be out of wage slave cage for a month still, as I've broke my leg.

 

[Deleted member 10536]

I see this argument all the time and yet the productivity in the west is dog shit. All the profits gained from globalization have flowed to financial assets and are being recycled there (real estate, IP, stocks, etc.). There is no incentive to build anything in west that isn't an app or some asset-lite shit like Uber. The real building of technology is happening in China. Which is unironically where the future will be.
The US is just chalk full of problems

I'm not disagreeing with that. The only reason this is possible, because machines have already replaced humans. If they didn't, it'd be a countless pile of dead human bodies right this moment. People don't have to work anymore, just pretend to do so and be as unproductive as possible, because it doesn't matter anymore. Machines do everything for us. Economy is broken and doesn't work and it's too far gone to even fix anymore, it doesn't matter though, clearly.

 

[Mouthbreath]

I see this argument all the time and yet the productivity in the west is dog shit. All the profits gained from globalization have flowed to financial assets and are being recycled there (real estate, IP, stocks, etc.). There is no incentive to build anything in west that isn't an app or some asset-lite shit like Uber. The real building of technology is happening in China. Which is unironically where the future will be.
The US is just chalk full of problems

research and development is still done in the west though

 

[Deleted member 6403]

Niggas think it's a get rich over night scheme

 

[Deleted member 10536]

Niggas think it's a get rich over night scheme

Unironically it is, actually. But those opportunities are rare. Like gamestop right this minute, bitcoin, tesla, 2020 corona. 2008 housing bubble, to name a few. Essentially all the opportunities where you could have went from homeless to a millionaire and many people did.

 

[Deleted member 6403]

Unironically it is, actually. But those opportunities are rare. Like gamestop right this minute, bitcoin, tesla, 2020 corona. 2008 housing bubble, to name a few. Essentially all the opportunities where you could have went from homeless to a millionaire and many people did.

Ion know anything about stocks tbh, I just trade forex and assumed that they're similar

 

[Deleted member 10536]

Niggas think it's a get rich over night scheme

I had gamestop orders at 80 to 60 today. I went to sleep and wake up to 190. But it didn't hit my orders by a few cents. It's going to 400 maybe now.

 

[Deleted member 10536]

Ion know anything about stocks tbh, I just trade forex and assumed that they're similar

It's similar, because it's trading... But you can't make money from forex, wtf. It's the most brutal place there is. Literally worst thing to do by any metrics possible. It's incredibly rigged, especially against retailers. Also requires so much work. I refuse to believe you.

 

[wristcel]

Unironically it is, actually. But those opportunities are rare. Like gamestop right this minute, bitcoin, tesla, 2020 corona. 2008 housing bubble, to name a few. Essentially all the opportunities where you could have went from homeless to a millionaire and many people did.

it's a mad time.

My friend who knows fuck all about any of this stuff has made a fortune in bitcoin recently. I'ts mad. I'm so jelly lol.

And at the moment, many people are doing the same with the meme stocks (gme etc)

I guess it's all gonna come crashing down soon as soon as every man and his dog are trading stocks (which the OP implies) but it's hard to time.

 

[Deleted member 10673]

WSB big contributor IMO 2 million members, hits the reddit front page everyday no wonder the average lay person now wants to go into stocks when there sat at home bored

 

[Deleted member 10536]

it's a mad time.

My friend who knows fuck all about any of this stuff has made a fortune in bitcoin recently. I'ts mad. I'm so jelly lol.

And at the moment, many people are doing the same with the meme stocks (gme etc)

I guess it's all gonna come crashing down soon as soon as every man and his dog are trading stocks (which the OP implies) but it's hard to time.

Just buy the dip. Nothing can go wrong, literally. And IF things go wrong, then all this fantasy paper won't be worth the paper it's printed on. Can't lose, unironically. If it crashes, then buy, if it crashes more, sell your wife and buy more, because you'll emerge as a billionaire or the world will undergo a total collapse with majority of civilisation gone.
It already crashed, btw, several times. Less than a year ago. 2020 march.

 

[Deleted member 6403]

It's similar, because it's trading... But you can't make money from forex, wtf. It's the most brutal place there is. Literally worst thing to do by any metrics possible. It's incredibly rigged, especially against retailers. Also requires so much work. I refuse to believe you.

That's cap, I was making daily money consistently before my pc broke down, it's all just following the trend and getting in dips

Stocks are gambling

 

[Deleted member 6403]

Just buy the dip. Nothing can go wrong, literally. And IF things go wrong, then all this fantasy paper won't be worth the paper it's printed on. Can't lose, unironically. If it crashes, then buy, if it crashes more, sell your wife and buy more, because you'll emerge as a billionaire or the world will undergo a total collapse with majority of civilisation gone.
It already crashed, btw, several times. Less than a year ago. 2020 march.

What dip? There's no dip rn, last decent entry was at 17.88

 

[wristcel]

GME over 200 now in after hours!!! People are making millions and millions. Regular joes
I need an options account lol

Anyone know any good UK brokers?

 

[Deleted member 10536]

That's cap, I was making daily money consistently before my pc broke down, it's all just following the trend and getting in dips

Stocks are gambling

Then you'd have no problems on continuing to doing so, if you can post here, it means you can still trade.
Forex is a market that doesn't really move. It's impossible to win, because it requires insanely deep pockets. It's all bound into trading ranges, as that what it is. You're required to play years long game there. The only exception was probably chf decoupling.
Stocks/investing is the safest thing. You'd be laughed by anyone for saying that stocks are gambling, while trading forex. Forex is pure speculation and politics only. It's the governments trying to devalue their own currencies against each other, so they get an upper hand on world market trading, i.e. goods for import/export.
Statistically the hardest place to make money especially for the retailers. Nearly all the retailers have only lost money. Forex only works for banks and their governments and market makers, by raping you with fees.

 

[Deleted member 10536]

GME over 200 now in after hours!!! People are making millions and millions. Regular joes
I need an options account lol

Anyone know any good UK brokers?

It's because jews got owned. Played by their own tricks. Suifuel, how it missed my orders by literally 20cents.
trading212 seems ok. degiro?

 

[wristcel]

It's because jews got owned. Played by their own tricks. Suifuel, how it missed my orders by literally 20cents.
trading212 seems ok. degiro?

thanks. I'll check 'em out.
IBKR aswell (realised earlier)
Just want an easy interface and easy setup etc. I'm clueless, but fuck it. No risk, no reward!

 

[damnit]

@Intjcel forex has trends but the overall market is more complicated, and there are more resistance prices compared for example the s&p which is constantly rising , its also a zero sum game(negative when including fees), holding stocks isn't a zero sum game when including dividend yields and what not...

 

[Deleted member 10536]

@Intjcel forex has trends but the overall market is more complicated, and there are more resistance prices compared for example the s&p which is constantly rising , its also a zero sum game(negative when including fees), holding stocks isn't a zero sum game when including dividend yields and what not...

I will never believe a retailer making money off of forex. If he can make money there, he'll be incredibly more successful literally elsewhere.
It makes no sense. It's just shitty market to trade.
All the pip hunting too, which idk who does, whether it's the mm or the banks themselves. Also off hours, the spreads become insane, liquidity just "disappears" like that and all your stops are suddenly useless.
Well, it's a higher time frame market... You can avoid things like this, if you are aware, but there are so many tricks in the book, no way some random person is going to be aware of it all. It's highly computerised market. Trading around news events is pointless too, as it's all done by computers with 0.001 latency, due to laws of physics. Only computers can trade that anyway, not like you get direct feed data. It's like being light years away, if you trade news events, the first seconds or even a minute. Sure, 5min chart works better. But this involves day trading, which is very unfavourable for forex in particular. As you generally get a couple of legs only which are easy to miss, and then it's just dead. Barb wire or crab market.
I think if you can trade forex on a weekly chart, then it's great. But I don't have multi million dollar account nor that much time.