Stock market is annoying
Everyone and their mother (like literally their mothers also) thinks that they are a master stockpicker because they own 1.5 shares of inexplicably mooning TSLA or because their “portfolio” is up 20% (lol) in H1
Can’t wait for the market to crash so all of these Billions enthusiasts can wipe the tears off of their Robinhood cards and fuck right off
Then buy puts.
“The market can stay irrational longer than you can stay solvent.”
if you bet against America you deserve to get fucked
the market can remain irrational longer than you can remain solvent
you could also....ignore them?
like all guys who were schooled in value investing, it can get frustrating, but getting emotional will cause you to be a worse, not better investor.
won't comment on wishing others financial catastrophe
Markets don’t crash within hours and anyone with any iota of financial understanding will have a general sense of when to pull out
Just fucking annoying how everyone is acting like they’re a finance god when all they’ve done is having developed a newfound interest in watching CNBC (lol) and bought literally anything but hospitality or travel stocks within the short term. There is someone in my periphery who just started watching Billions and is trying to “connect” with me to learn more about my hedge fund experience (...I work, and have always worked, at a BB). Another person I know is also now looking into making a switch from marketing at a F100000 to ER (“Bernstein looks interesting” lol fuck me) and is wondering if he should register for CFA level 1 because he realized he loved finance.
Mind you, we are all in our early 30s so there are really no excuses for such naivety.
who cares brah
Why? Who gives a shit?
This is some 4th grade logic. It is entirely possible to care enough to question why someone cares about something else. It is not a contradiction or hypocritical in any way.
Didn’t happen
shoulda sold him that put
naiveté**
who hurt you
Well, if your assessment of their skills is correct then statistically you'll get your preferred outcome. That initial high from a lucky pick will just be what draws them in to put in more money into random stocks for bs reasons and lose more than they ever made and then go back into buying ETFs.
Value investing has officially been cancelled. This is all you need to know now:
![https://media1.tenor.com/images/78ea2e67b196f43cd619fad65b9a75b7/tenor…]
From now on, the market only goes sideways, never down!
I feel you. So many friends or connections that keep saying they could easily work on Wall Street because they made "so much money trading" (holding FAANG for 5 years)
I had a friend today say a similar thing without experience he can make a cool million easily. Granted I am still a rookie I just smiled and nodded.
I think that is a very curious phenomenon and I feel you mate. GCSE and college drop out flexing on instagram their Plus500 or IG account with +20pc performance on 5k accounts and putting 'trader and investor' in their bio is awful. Had a discussion with a friend of a friend - he works as club promoter and personal trainer- where he said that he could easily replace me in my bank.. and suggested me to read books on technical analysis! (he has trader in his bio on instagram)
It can be annoying for a bit. I remember that at the beginning every time I read these BS I had flashbacks about hard times on exams like stochastic calculus II or numerical methods, market risk etc and my first days in the bank where if I didn't have clear how to be Gamma long Vega short and flat Vanna I would have been in trouble.
I think that you just have to be patient and second them. Let it go and remember: as soon as sports or other events happen they will switch again from trader to team coach or virologist or whatever ;)
Why? Who cares if someone is posting their Robinhood returns?
Honestly it just sounds like someone you should probably unfriend just because that is an inherently douchbag move.
Don't get me wrong, you are right on this and I should not care (indeed I let it go). Is just that I remember how hard and for how long I had to fight and study, whilst the first college drop out or personal trainer (with all due respect) come and say around 'yea I'm a trader!' or tells me to buy stock X because the Fibonacci resistance or the Gann cicle show a buy opportunity
Once I priced this I can laugh, but at the beginning I find myself a bit bewildered
what's it like to be a bear
Gods I love being a growth investor
Shouting out to your polytheistic Gods - interesting. Just curious - who is your favorite? The Sun God, Ra? Or is it Venus, the Goddess of Looooveeee...
![https://pa1.narvii.com/7114/e9f1090eb9320da9c0728cfc13b429a3584917dcr1-…] [https://pa1.narvii.com/7114/e9f1090eb9320da9c0728cfc13b429a3584917dcr1-… https://pa1.narvii.com/7114/e9f1090eb9320da9c0728cfc13b429a3584917dcr1-…
Don't get the reference...mind enlightening?
if this was ten years ago I would’ve said I worship isis but that’s not really on the cards anymore these days
what annoys me the most is when retail investors and everyday joes only ever talk about the stock market as if that’s the only asset class that exists. why doesn’t CNBC ever cover fx/bonds/commodities?!
CNBC talks about bond market plenty....... FX and commodities not as sexy therefore doesn’t exist
I’ve made some pretty good fx trades since the virus due to all the volatility. Made some great gains on the dollar squeeze and CAD moves with oil regaining its footing (in the near term at least)
bro they cover bonds and rick goes off about commodities sometimes
youre just mad that day traders now make more money than you in their underwear
Just wait till there's a DDTG index
I kind of hear your point. There was a whole lot of price indiscriminate buying going on. Bunch of people bidding up prices on garbage stocks because they dropped off a cliff and appeared cheap back in March. check the correlation between all S&P individual stocks. it’s remaining fairly high while volatility remains muted. usually this relationship is positive. and what has the s&p done? gone up. Interested to hear any long/short ideas
Why don't you guys get it yet? Stocks only go up.
How many times do I need to repeat it? Stocks only go up!
Like your dad's dick
Can't clawback dat dere divvy boyyyy
And you best believe yaboy reinvest Yeah yeah yeah yeah Invest like the best bro I fucking own three copies of rich dad poor dad and two cashflow quadrants fuxwitme
Tbh I feel like a really bright guy because I wrote a paper on how great tesla is when it was just the roadster for my like community college marketing 101 class and I feel like someone should bring me a bag of cash any day now for that
You could’ve brought yourself one if your bought what your own paper was saying and bought Tesla Stocks :P
with what money you either turn in papers or you make paper but you dont do both
This whole thread just smells of gatekeepjng and people being jealous that others are getting lucky and they are not.
Just get it over with and mind your own stuff. Professional runners don’t get mad when an amateur gets a lucky run and think “But I spent 4 years learning how to run in school and I’ve been running for 5 years, they shouldn’t win”. It just seems really immature if you ask me.
You obviously never ran cross country in hs
I don’t care that they’re doing well. Good for them. I care when I am constantly subjected to their grandiose delusions and uninformed babbling
.
only in the financial markets can a person take a little money, and turn that into a large amount of money, with minimal education, experience, or effort...with a close to 30% chance of success.
the lottery can do the same thing....but with a 0.00001% chance of success
so the stock market is not annoying..it is perhaps the greatest wealth generator in the history of the world
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