Stock trading is pure gambling, enjoy!

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

  1. themickey

    themickey

    Yup, cryp.ax, 'tis the one and only etf on the asx.
    I can't trade direct crypto because of several complications, but namely the way my portfolio is setup and tax structured.
     
    #11     Feb 19, 2024
  2. themickey

    themickey

    Yeah, the psychology of humans is amazing.
    One only need look at the diversity of opinions on politics & religion and how we humans are so adamant we are right. I mean I worry about myself. :) :)
     
    #12     Feb 19, 2024
  3. vanzandt

    vanzandt

    Is that why SportsbookOzDownUnder.com has Trump out front in 2024?


    That's why you need the power of prayer Mick. Try joining a church and see if your odds improve. The bigger your donation to the church, the better your odds in the market will be. :p
     
    #13     Feb 19, 2024
    semperfrosty likes this.
  4. themickey

    themickey

    upload_2024-2-19_20-58-9.png
    ...............................................
    Because Biden is the smaller and dopier cockroach of the two? Yup :)

    upload_2024-2-19_21-1-41.png
    ...............................................
    What a great idea! When you give to the church you are actually giving to God.
    Instead of joining a church, create one.
    Jesus why didn't I think of it earlier.
     
    #14     Feb 19, 2024
  5. vanzandt

    vanzandt

    Build your church, put an apartment upstairs, and you'll never pay property taxes again.
    And lets not forget the rake you'll get on Wednesday night bingo. The concession rake alone will cover your covert Friday night get-aways to the strip club in the next town over. :thumbsup:
     
    #15     Feb 19, 2024
  6. Stock trading is pure gambling...

    Hogwash!

    In gambling the odds are against you and are fixed. There is nothing you can do to put the odds in your favor. (Card counting in black jack does not fall into the category of gambling... that's why casinos don't allow it if you get caught doing it.) To win in gambling, you DO have to "get lucky"... that is, prevail in spite of the odds being in favor of the house.

    In the financial markets, you are supposed to win. There is almost always* a play that puts the odds in YOUR favor... you just need to figure out what it is. That's not gambling... that's knowledge and behavior.

    What gambling and investing have in common is "risk of loss". What they do not have in common is "probability of loss"**.

    *0DTE options included

    ** Goes waaaay up if you're stupid!
     
    Last edited: Feb 19, 2024
    #16     Feb 19, 2024
    vanzandt and SimpleMeLike like this.
  7. Hello themickey,

    2024 is the best year EVER to be a trader in the futures market.

    Trading the futures market is very very easy. Just do it.
     
    #17     Feb 19, 2024
  8. I would suggest that crypto trading is, but whatever.

    upload_2024-2-19_11-4-51.gif
     
    #18     Feb 19, 2024
  9. themickey

    themickey

    Playing card games, is that gambling? Any sort of card games.
    Are the odds fixed and against you?
    Hogwash!
    In financial markets only the minority who are smart and systematic win over the long run, that leaves the majority to lose.
     
    #19     Feb 19, 2024
    ironchef likes this.
  10. themickey

    themickey

    You can't have a million players competing against each other where the majority win, it's impossible.
    There is not one best anything.
     
    #20     Feb 19, 2024
    SimpleMeLike likes this.