Black Pilled

Trading is no different from gambling. Even people like Warren Buffet are just extremely lucky individuals. So why not take the black pill and just go work a salaried job which actually contributes to society Veeky Forums?

>Black Pilled

why black? shouldnt it be the white pill? Also Id like too, but Im winning at the moment.

If i get an offer from the places Ive applied, i would accept.

cause i can make literally tens-hundreds of thousands of dollars trading shitcoins and i dont have to work for someone's elses goals and aspirations

You say that like you can't do both.

Because gambling is actually pretty great when you're the house.

-3/10
shitty bait

Yes it is

Buffet doesn't trade.

Clearly you know nothing of Warren Buffet's strategy.

black pill: working is for cucks

NEET or internet money

You cant. Wagecucking takes all of your time and energy away.

>Trading is no different from gambling

not really. the market generally grows over time so if you just buy a bunch of shit you're likely to make small gains, while in a casino you're generally playing with losing odds.

THIS. I use this example all the time.

At a casino your odds of walking out a winner continually decrease the longer you play.

In equities your odds of walking out a winner continually increase the longer you play.

that's a much more succinct way of putting it

>not really. the market generally grows over time so if you just buy a bunch of shit you're likely to make small gains, while in a casino you're generally playing with losing odds.
This is only true if you buy and hold (investing) but not true if you churn (trading). Taxes, fees, and timing will destroy your returns if you trade.

Stocks do have an inherent positive-bias, but not every stock strategy takes advantage of this. The casino example is very relevant for traders.

>Trading is no different from gambling

active trading across short timeframes is perhaps

buy and hold investing on the other hand is much less so - you actually own a real asset that pays you income produced, in part, by the work of others...

It's always unsettling as shit to read the things people believe about trading, investing, and markets in general. You are always at risk. Always. And you are gambling a lot more than you realize as well, you're just sheltered from the realities of it and therefore you can sleep easier at night. Success in life is almost 100% calculated risk and "luck" is really nothing more than the point where opportunity meets skill and experience as observed by someone incapable of identifying the former while lacking both of the latter. Also the amount of brainwashing/misinformation the American people have been subjected to by the mutual fund industry and way they have bought the folklore of people like Warren Buffett is also aneurysm inducing. Always makes me think "if so many people believe something myself and many others know for a fact to be false what bullshit train am I riding on in blissful ignorance?"

You're fucking retarded

>Trading is no different from gambling
Trading is based on actual underlying assets. Gambling is based on chance alone.

trading isnt gambling.. since you can control many variables.. if you have a decent spread, you'll never get wrecked unless your stock falls to nothing

/thread

I want to buy 100 shares of a stable stock and sell OTM covered calls of it to lower my cost basis over time, as well as benefit from dividends, but I feel like all the high quality stock requires 15k plus to get 100 shares of, which I currently don't have unfortunately.