Discover Top Posts Tagged with #day trading

$spy hit my call entry then immediately hit puts & now wants to reverse. glad i’m not in it. i’d rather be patient & preserve capital than jump in & possibly get smacked. markets been choppy all week anyway. it may use prev week’s high as support/resistance before filling fvgs 🤷🏽‍♀️🧘🏽‍♀️

#$spy #s&p 500 #options trading #day trading #wall street #stock market

Man there are so many 20-30 year olds now "investing" in the stock market or crypto and it's painfully clear they don't know what an investment is so they're just day trading with no research done on any of the companies (no asking ChatGPT does not count as an in-depth analysis of the company's growth rate, planned production this quarter, approximated sales, etc. there's a reason people go to school and get a degree in this stuff) and they don't really realize that they're just gambling. Like if you day trade based off of the trading graph and the volatility of the stock, you're just gambling, you're not investing, you're not making informed decisions, and you're definitely not interested in long-term investments (they want a lot of money NOW not in 20-30 years).

And this is coming someone who is not experienced in economics at all. Yes there was a point in my life I had investment money* and had attempted to do the proper research and strategizing and while my gains were slow and eventually life happened and i needed to use that money for other things.

I'm just concerned because so many people in my universities or workplaces have honestly become gambling addicts constantly checking the stock prices and playing it off as "a side gig as a day trader" which to me sounds a lot like saying "a side gig at the slot machine". It's even worse when people are getting into crypto because there is nothing to study or research. You can keep up to date on crypto news but by the time the news breaks the prices are already plummeting especially considering a lot of the trading is done by AI bots programmed to pick up on market trends and some even evaluate news articles based on the wording and make decisions if it indicates the prices go up or down (you can't beat a bot to a news story and sell your assets, bots may sometimes make an incorrect judgement but they're actually quite accurate in terms of they will typically always generate more income than loss if they are advanced enough and have access to accurate publicly released data the second it first is announced)

So you got all these people who don't have "extra" money to invest trying to get rich quick and most of them will end up losing money in the stock market which is dominated by hedge funds funded by the ultra-wealthy. It's a scheme to extract every last penny from the lower classes and then keep it in circulation among the upper class via a "publicly available" market that you either need to be exceptionally intelligent and spend all your time on it (might as well go to school and be an official stock broker at that point, get paid to play with OTHER peoples money AND stay in the know so you can invest your own on the side) or you need to be exceptionally wealthy to hire intelligent people to either do it for me or build an AI that does it with an acceptable margin of error.

And it kinda sucks cause when you mention this to those people they are so convinced they're different this isn't gambling "it's called day trading it's a respectable and productive thing to do" and you're just a conspiracy theorist and you're missing out on making soooooo much money right now they just made $1000 over the weekend. And then two weeks later they're depressed and talking about losing 90% of everything because they were losing and tried to recoup their losses and everything collapsed and now they don't know how they're gonna pay rent. Another month and they're bragging about making so much money again and it's just aggravating that these people don't see they're stuck in a gambling addiction and are being told not to worry it's not gambling, it's day trading. And the rich laugh their asses off as some bots swoop in to rake in the money the Poors™️ lost in their specially designed slot machine that only favors them and keeps everyone else hooked enough that they keep doing it without realizing they're slowly being drained.

*All investments are gambling to some extent no matter how well researched you are, unexpected things happen, so investment money should ALWAYS be money that if you lose it all, you are still fine, NEVER gamble with rent money, food money, medication money, or any money you will need to use throughout the month, which, yes, that does make this seemingly "available-to-all stock market people's economy" very much restricted to be used for people who have extra money and the gap between people working paycheck to paycheck and the people who can put some extra money away every month is widening by the second, take from that what you will, but the results of this system are very much intended

#rant #long post #gambling #day trading