So the Market is Essentially a Casino, Right?

[zghorner]

Any experienced trader would have predicted the reaction from the brokerages and profited nicely. The newbs just got their first lesson in a long list of lessons about trading.

I agree with this. History told us something would happen that would not favor the little man...Saunder’s fkr example as well as Livermore’s getting fucked in his coffee trade during WWI.

this time was supposed to be “different” because of social media and I believed that it actually could have been. Times are a changin no doubt but to quote one of the 3 gods of trading: “There is nothing new in Wall Street. There can’t be because speculation is as old as the hills. Whatever happens in the stock market today has happened before and will happen again.”

 

[Cuddles]

https://www.reddit.com/r/path%3D%252Fr%252Fwallstreetbets%252Fcomments%252Flc1udz%252F

 

[Overnight]

https://www.reddit.com/r/path%3D%252Fr%252Fwallstreetbets%252Fcomments%252Flc1udz%252F

So he is going to lie his ass off under oath and say ANYTHING that he thinks will pump up his stock. And Congress will have no idea it is happening right under their noses, because they are politicians who want more taxpayer monies so they can continue to have free shit.

Dog and pony show. What a joke.

 

[padutrader]

so life is casino...right?

in both life and markets...it is not chance that rules....but your actions determine what happens . there is uncertainty ,yes.

in a casino it is the house's edge that rules

 

[thursday]

Honestly, it is just one of the thing that no one was prepared for and was left unexpected not knowing what to do.

 

[comagnum]

It's the trader that is the casino.

 

[Raj120p1]

World Cricket Championship 2 Mod Apk
The newbs just got their first lesson in a long list of lessons about trading.

 

[Butterfly]

Markets are not casino, and what all those millennial idiots forgot was that investing takes a lot of time and patience, and it's a constant learning curve, those GME guys thought it was casino and played it like it, and when "regulators" and SRO step in to stop the casino, they all come crying the game is rigged.

They tried to rig the markets with their manipulation, and they got reminded that "this game is not for children like you"

 

[themickey]

Markets are not casino, and what all those millennial idiots forgot was that investing takes a lot of time and patience, and it's a constant learning curve, those GME guys thought it was casino and played it like it, and when "regulators" and SRO step in to stop the casino, they all come crying the game is rigged.

They tried to rig the markets with their manipulation, and they got reminded that "this game is not for children like you"

The game is not for children but the mafia.

 

[zghorner]

It's the trader that is the casino.

Then why didn’t we all just shut down their ability to sell then hmmmmm.