In reply to Snowdoggie (Forum Supporter) :
Yes, so much better than a casino.
In reply to Snowdoggie (Forum Supporter) :
Yes, so much better than a casino.
Snowdoggie (Forum Supporter) said:In reply to ShawnG :
What about horses, or sports gambling.
The racetrack seems even scummier than a casino.
I don't follow any sort of sportsball close enough to know what I'm doing.
ShawnG said:In reply to Snowdoggie (Forum Supporter) :
Yes, so much better than a casino.
Not enough money in the biggest casino to interest the real crooks.
I'm not interested in the biggest payout. I'm interested in lots of little wins stacked on top of each other.
You know that lazy fish that attaches itself to a shark for a free ride and eats all the little scraps left over. I'm like that.
Watch what's happening, buy the dip, plan for a small return and get out. Don't get greedy.
Yes, it's all just a form of gambling. But it's the one I prefer.
I view the trading that was discussed here as 'playing' with money. I enjoy the thought of getting double my money back in a single day, or even watching a stock tumble - guessing at why it happened and learning from it. The amount that I have set aside to play the game is the cost of the entertainment. It could all go away, or it could bring a 10x gain. Neither would effect my personal finances. Some people here have extensive knowledge and experience at investing, but still can not realistically compete with the professionals.
There's a reason you can't expect to run your Miata in the Daytona 500 and win. ...The Daytona 500 is rigged against 'retail' drivers.
2 weeks ago it was "the little guy bringing down the big guns" and this week "it's rigged"
No surprise.
Steve_Jones said:2 weeks ago it was "the little guy bringing down the big guns" and this week "it's rigged"
No surprise.
It was a surprise to the "little guys".
Oh look, now GME is recommended as a "buy"
https://investorplace.com/2021/02/3-heavily-shorted-stocks-to-buy-today/
Snowdoggie (Forum Supporter) said:Steve_Jones said:2 weeks ago it was "the little guy bringing down the big guns" and this week "it's rigged"
No surprise.
It was a surprise to the "little guys".
Wouldn't have been if they paid attention.
Well, here we go. GME preparing for liftoff
$116 right now!
$124 and climbing... Don't make me sell.
In reply to AAZCD (Forum Supporter) :
I'm up for the first time since Feb 1st. Its lovely
Persnaps this is the squoze?
*I have no stake in GME, but I wish I were an ape who liked the the stock.
I put in a Limit sell - high enough to not happen unless it pays off all and lets me keep 1 share (for free) forever. I like the stock.
Edit: *Still holding. Under $45 this morning. Hit a momentary high of $200 after hours. I considered my GME as a total loss already. Not sure what will prompt me to sell at this point, but excited to see what happens tomorrow.
AaronT said:Persnaps this is the squoze?
*I have no stake in GME, but I wish I were an ape who liked the the stock.
Wondering that myself. The start of it maybe. Affer hours prices are still going up.
135
200% climb today.
I don't know how much I can take and I've only got 10 shares. I don't know how the guys with hundreds or thousands of shares are withstanding it
Edit: Sorry, $145, 222% climb. berkeley
I just saw 170 for a moment ^^^
Steve_Jones said:Snowdoggie (Forum Supporter) said:Steve_Jones said:2 weeks ago it was "the little guy bringing down the big guns" and this week "it's rigged"
No surprise.
It was a surprise to the "little guys".
Wouldn't have been if they paid attention.
I think the biggest lesson here was not so much that "the system is rigged," I think it was surprising to a WHOLE LOTTA PEOPLE exactly HOW MUCH it was rigged.. I mean, the owner of Interactive Brokers said that if they didn't stop trading on GME, the price would have gone into the thousands and they had to stop trading to "protect the integrity of the marketplace." Well, yeah, some funds made a really stupid move shorting more shares than existed, but how is that the retail investors fault for buying in against that?
By only allowing the retail guys to sell your stocks and not buy during the craziest frenzy in the past decade showed that they were willing to change the rules mid-game, allowing the funds to have a (expensive) exit.
To modify the above example, this would be allowing F1 cars to enter the spec miata race after everyone was already left the pits and the green flag is waving.
In reply to WonkoTheSane (FS) :
Never bet against the house. Somebody has to pay for the casino.
Snowdoggie (Forum Supporter) said:In reply to WonkoTheSane (FS) :
Never bet against the house. Somebody has to pay for the casino.
I enjoy the entertainment that I get from casino gambling (and playing the market). The money I risk is like paying admission to a movie. ...Except every time I see a movie, I walk out with less.
In reply to AAZCD (Forum Supporter) :
At least you know it is gambling, and the casino brings you free drinks.
Snowdoggie (Forum Supporter) said:In reply to WonkoTheSane (FS) :
Never bet against the house. Somebody has to pay for the casino.
And the casino convinced Washington that most of the country's private retirement money should be in the casino.
Yes to all the above. I sat down at the table with money I planned to lose, this has been a hell of a entertainment and education for the price I've paid, which, since I haven't sold, is nothing so far :)
I just didn't expect them to stop the roulette wheel mid spin. At least a casino lets you cash out before they throw you out of the establishment if you haven't committed any crimes.
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