Daily reminder stock trading is literally gambling

Bidwell
Bidwell

daily reminder stock trading is literally gambling. keep thinking you don't have a problem though

likme
likme

@Bidwell
its okay, i know it is and i know i have a problem. i also know that i shouldn't drink so much either.

Sharpcharm
Sharpcharm

@Bidwell
It's okay money doesn't put food on the table or a roof over my head.

Evilember
Evilember

@Bidwell
I know a guy who trades natural gas futures from his home office. He is often up and down $50k. His problem is that if he's up $50k he thinks it will go up to $150k. If he's down $50k he thinks it will "come back". It's exactly like an addiction to him. He's trapped and powerless to get out of it.

Need_TLC
Need_TLC

@Evilember
Wtf

Who is this

TechHater
TechHater

@Bidwell
How much did you lose?

FastChef
FastChef

@Bidwell
It is... i need more... i need more... I SWEAR... I SWEAR I'LL STOP

BUT PLEASE I NEED TO BUY MORE OF THE S&P. PLEASE.

I SWEAR I'M GOING TO FUCKING KILL SOMEONE IF ID ON'T BUY MORE OF THE S&P, I NEED IT. I NEED THAT FUCKING INDEX! I NEED MORE OF IT, MORE MORE MORE.

PLEASE... I PROMISE I'LL BE GOOD NOW... PLEASE... DON'T LOCK ME UP AGAIN... I SWEAR... I PROMISE I WON'T DO IT... PLEASE...

PLEASE PLEASE JUST LET ME GET A LITTLE BIT OF THE S&P, JUST A FEW MORE VANGUARD FUNDS, PLEASE.

PLEASE.... ..... ....

SomethingNew
SomethingNew

@Need_TLC
He has a successful small natural gas marketing business in a western state. About 15 years ago he was putting little deals together between small producers and an investment grade utility for a fee. One day he looked on a certain gas pipeline's message board only to see that some capacity had opened up to ship natural gas into California. So he placed a bid for the right to own that capacity for an extended period of time. The bid was accepted. Two month later one of the largest natural gas marketing companies in the US was shopping for capacity on the same line because of a big deal they did (without all their capacity in place prior to it being a done deal). Big company learns that small company has the rights for quite a while and they freak out and lose their shit and try to bully small guy out but he has lawyer. So they do what they should have done initially: buy him out. They do that, small company guy is sort of rich and starts trading natural gas. There is a learning curve though, and he is stuck in it.

w8t4u
w8t4u

@Bidwell
So is poker.
You can make money in a candid
Trading is just like a casino it's a negative sum game vs investing.

Tfw when idk how Veeky Forums works

Firespawn
Firespawn

What do you think the bank does with your money after you open up a APY %1 CD with them?

Booteefool
Booteefool

@Bidwell

The casino seeks to take your money, the house is always 51% or better to win.

The market seeks to make both the investor and the broker money, in the long term you are almost 100% to make gains.

TalkBomber
TalkBomber

is it gambling to index?

TurtleCat
TurtleCat

@TalkBomber
is it gambling to index?

Yes

Best way to not gamble is to keep your money in the bank where it gets eaten away by 2-4% inflation per year.

Bidwell
Bidwell

@TurtleCat
thats gambling on the stability of fdic

also inflation is way less than 2% fuck off with your shadowstats bullshit

Methshot
Methshot

@Bidwell
How much is inflation then?

RavySnake
RavySnake

@Booteefool
You too dumb to realize that the broker is the casino and your playing a negative sum game with the patrons.

TurtleCat
TurtleCat

@RavySnake
You too dumb to realize that the broker is the casino

Your broker does not care whether you make or lose money though. Casino does

Negative sum game

but that's not true, especially with indexing.

StonedTime
StonedTime

@TurtleCat
It's only true with indexing. Your broker doesn't care because he makes Money off of you no matter what.

DeathDog
DeathDog

@StonedTime
Your broker never cares though, he is in no way the "casino". He only cares that you make trades, so in a way he'd want you to keep winning so you'd be more willing to make trades.

AwesomeTucker
AwesomeTucker

@DeathDog
The casino aspect comes into play when you're actively trading. It's like playing poker. The house takes a cut of the pot. The players transfer wealth back and forth, there's both winners and losers. Though the average return will be less than if you just bought and held.

Nude_Bikergirl
Nude_Bikergirl

@AwesomeTucker
SOME BODY TOLD ME

Garbage Can Lid
Garbage Can Lid

@AwesomeTucker
being average
trading
Personally, I'm up a significant amount since the beginning of the year and I'm still learning to control risk and increase consistency.

Call it gambling all you wan't but my trading strategy is based on capitalizing off other participants shitty decisions. If there's one thing I've learned, it's that Americans make shitty decisions.

Harmless_Venom
Harmless_Venom

@Bidwell

meme magic is real.

You're just bitter that you're missing out.

girlDog
girlDog

@Garbage Can Lid
@Nude_Bikergirl

Has biz always been this shity?

You guys know poker players some make money right? Just the majority don't. Just like traders the majority is so very far from the market returns.

It also really doesn't mean much if you're up YTD or if You're down much. Technically you really can't tell how good someone's money management skills are till at least 10 years.

If you are up, its tough to say if you have actually beaten the market. You have probably taken significant risk to do it and that doesn't mean much now does it.

Methnerd
Methnerd

@girlDog
Has biz always been this shity?

If by that you mean shit up with just a few threads

1) If you're not buying crypto, you're a sucker
2) If you don't use Robinhood, you're a sucker
3) If you actively trade, you're a sucker (You)

then yes

Dreamworx
Dreamworx

Gambling? Possible. I'm in the business since 2014 and I did achieve:

2014 - 15,5%
2015 - 8,9%
2016 - 6,1%

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