Stock trading is pure gambling, enjoy!

vanzandt said:
When the news reports Russian or Chinese ICBM nukes are inbound, btfd. If they land, it won't matter anyway. If they don't, you'll be able to trade in the trailer and buy the house next door to Trump at Mar-a-Lago.
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I'd rather the inbound nukes than trade in my trailer to buy the house next door to Trump at Mar-a-Lago.
 
vanzandt said:
When the news reports Russian or Chinese ICBM nukes are inbound, btfd. If they land, it won't matter anyway. If they don't, you'll be able to trade in the trailer and buy the house next door to Trump at Mar-a-Lago.
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On that...I would wait to BTFD if nukes fly. I think there will me much gnashing of teeth before they figure out how to turn the machines back on. That could take months.
 
semperfrosty said:
Agree with this also.Chaos provides new opportunities.

@countryBoy641 made a recent post regarding JD Rockefeller which led me to some reading.

Life long entrepreneur and,it would seem,the wealthiest businessmen of the modern era.

What struck me is how he pivoted.

Partner not on the same page,buy him out.

Wartime-supply food and produce.

Peacetime-carve out a niche in the crude oil business.

Innovate,do it better,zero waste,reinvest,look for new opportunities.

I realise you Yanks have probably learned about him from a young school age,but,apart from the famous name,I didnt know a great deal.I would actually be interested in a detailed biography on the man.He was certainly not born into any kind of wealth.

Apologies for rambling and off topic post.:D
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Carnegie & Rockefeller were pretty amazing business people. Carnegie was a master at steel technology and he made cheaper & better steel than the Brits at the time.

I would add Howard Hughes as well. The guy basically started the commercial Airline industry. First Pan Am and then when he got ousted he started TWA. He probably would have done more if it wasn't for is OCD he inherited from his schizophrenic mother. The Aviator (2004) covers some of his exploits pretty well.

Of course in modern America they are now referred to as Robber Barons. I'm pretty sure the Iron Man comics are based on Howard Hughes as well.
 
nitrene said:
Carnegie & Rockefeller were pretty amazing business people. Carnegie was a master at steel technology and he made cheaper & better steel than the Brits at the time.

I would add Howard Hughes as well. The guy basically started the commercial Airline industry. First Pan Am and then when he got ousted he started TWA. He probably would have done more if it wasn't for is OCD he inherited from his schizophrenic mother. The Aviator (2004) covers some of his exploits pretty well.

Of course in modern America they are now referred to as Robber Barons. I'm pretty sure the Iron Man comics are based on Howard Hughes as well.
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Thanks mate.

I was lucky enough to find 'How to win friends and influence people' in my early twenties so I know a bit about Carnegie.Will look into Hughes though.

Cheers,
 
I can't state that stock trading somehow refers to gamble, lol. I wonder why you decided to separate this asset among others, while the mechanism is pretty much the same.
The whole market is under strict influence of news and various events, so not only are stock impacted, but other assets such as fx majors or cryptos.
If you are capable of analyzing the performance of companies and select those that will be likely lucrative in future, then it won't be gamble for you.
 
Rocksinger said:
....If you are capable of analyzing the performance of companies and select those that will be likely lucrative in future, then it won't be gamble for you.
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"....will be likely lucrative in future......", is the same as taking a punt, riiiight?

Stocks in particular are a gamble because so many directors and media like to glamourise and polish their turds with exagerations.
 
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