This is Not a stock market, its a casino

M

master_tech

this market has basically turned into a casino. its great that we are all making money but its getting ridiculous. AMC, GME and all the other low quality companies that are being bid up. I will not hold anything over night.
I bought a short etf last week and lost some money as I held over the weekend. my bad but the loss was limited but not fun.
 
master_tech said:
this market has basically turned into a casino. its great that we are all making money but its getting ridiculous. AMC, GME and all the other low quality companies that are being bid up. I will not hold anything over night.
I bought a short etf last week and lost some money as I held over the weekend. my bad but the loss was limited but not fun.
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You are painting with a very broad brush.
 
master_tech said:
this market has basically turned into a casino. its great that we are all making money but its getting ridiculous. AMC, GME and all the other low quality companies that are being bid up. I will not hold anything over night.
I bought a short etf last week and lost some money as I held over the weekend. my bad but the loss was limited but not fun.
More...


you are looking at it as a problem.
you will end up getting angry & frustrated.

look at the casino and low-quality companies as an opportunity to
earn tons of money.


day traders simply love such a 'casino' market with ' low quality ' companies.
 
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Today's market couldn't hold a candle to the 90's,


https://twitter.com/x/status/1400819732295585794


A month ago I found prospectuses of the following two:


TP5FDxL72YiPHk97GPMSASYGN_zFJ77Jm_mNeTZORRI5QqCVShvzxB6cEjtzl5v1w1wSjy8P0BZEwVQaM9qL0nOOr3Ehgkd7gP1OHocVI2kk7UjIZg



SUNW.png




It's kind of funny to go back and read some of the bullshit that went on during that time period.
 
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master_tech said:
this market has basically turned into a casino. its great that we are all making money but its getting ridiculous. AMC, GME and all the other low quality companies that are being bid up. I will not hold anything over night.
I bought a short etf last week and lost some money as I held over the weekend. my bad but the loss was limited but not fun.
More...
%%
I have held junk[no earnings/LOL] + feathers before;
but usually not on Wall Street. Actually i still like junk silver a bit/LOL.
Summer may be a good time to do some inverse ETFs; not that that they earn what a long ETF does in a bull market/never have....................................................................Overnight =have to allow for gaps against, sometimes, so reasonable size applies.
 
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