The stock market is not a ponzi scheme, not a scam, not a casino for traders and speculators.
The stock market's main purpose is for transfer of shares or goods between buyer and sellers. It's not a place to preserve wealth or private members club for the rich. It's not the responsibility of...
macro-economic reality such DEBT and War if pro-longed enough will bring down the dollar down.
A weak dollar versus other currencies is a strong indicator of the strenghth of the country.
i.e. many countries in Africa have currencies that aren't even traded cause their currencies are...
the problem with averaging down is you don't know when it'll hit bottom and when does hit bottom you have no cash left to buy.
out of cash before it's even not even half way to the bottom.
this is the worst case scenerio.
Oil stays above $120-$150/barrel worse is $200/barrel if USD crashes or breaks down really bad. US growing debt and deficits and slow gdp can't keep the currency strong.
and the nasdaq. s&p and down jones crashes even further as all margins are and line of...
A bad trade is like bad trip.
You only realize it's a bad trade after you close the trade.
It's like taking a bag of cash and burning it.
It's like doing some bad LSD.
Try not to remember the bad trade,,nigthmare trade.
it went down because he bought 10 million shares at May.
basically he got screwed by the market everytime if you try to flip or scalp shares in that size.
that is what 300 million dollar position.
majority of folks don't have the minimum $25,000 to daytrade equities.
daytrading futures has limited opportunities so it sucks
and for LLC prop firms they are illegal or investigated by SEC for violating the 25k rule...
Nevis trading doesn't even accept US customers for prop trading.
i don't think it's ethical to even to allow gambling with your IRA or tax payers money with your IRA tax deductions.
given the poor statistic returns with futures and options, majority must lose...IRA are for buy and hold not for gambling