Stock trading is pure gambling, enjoy!

Discussion in 'Stocks' started by themickey, Feb 18, 2024.

  1. themickey

    themickey

    I'd rather the inbound nukes than trade in my trailer to buy the house next door to Trump at Mar-a-Lago.
     
    #111     Feb 26, 2024
  2. Overnight

    Overnight

    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.
     
    #112     Feb 26, 2024
  3. nitrene

    nitrene

    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.
     
    #113     Feb 26, 2024
    semperfrosty likes this.
  4. 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,
     
    #114     Feb 27, 2024
  5. vanzandt

    vanzandt

    #115     Feb 27, 2024
    semperfrosty likes this.
  6. 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.
     
    #116     Mar 20, 2024
  7. themickey

    themickey

    "....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.
     
    #117     Mar 20, 2024