Stock market is annoying

KREBSCYCLEOMG's picture
Rank: Neanderthal | 3,286

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

Comments (70)

Jul 9, 2020

Then buy puts.

"The market can stay irrational longer than you can stay solvent."

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Jul 10, 2020

Funniest
Jul 9, 2020
KREBSCYCLEOMG:

Can't wait for the market to crash

wut

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Jul 20, 2020

if you bet against America you deserve to get fucked

Jul 9, 2020

the market can remain irrational longer than you can remain solvent

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Jul 9, 2020

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

Jul 9, 2020

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.

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Jul 9, 2020

who cares brah

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  • Developer in RE - Comm
Jul 10, 2020
KREBSCYCLEOMG:

Just fucking annoying how everyone is acting like they're a finance god

Why? Who gives a shit?

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Controversial
Jul 11, 2020

Odd how many commenters are coming at you with "why do you care" when they're the ones who care enough to enter an anonymous message board and read your post and ask you that question.

I hear you man. Its annoying to put your time into learning the actual tools of the trade, only to see amateurs act like they can pick it up overnight. There's few jobs where untrained people just assume they know as much.

When I was a corporate lawyer (low skill job that's 10x easier than IB), every non-JD respected that I was a professional and they weren't. Which was odd because I felt like they could do my job pretty easily.

And now as someone who's pretty far along in finance with several years of IB and investing behind me (and I've found all those years challenging and educational) its super weird to have everyone I meet think they can do it.

True story, the guy stocking the shelves at my local Trader Joe's has really strong views on stocks. I talked him out of shorting Tesla last year, and he came back with "oh but I can still buy a put." Had to pull teeth to convince him not to do it. Can't wait to ask him how much money I saved his ass this week.

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Most Helpful
Jul 11, 2020
Dr. Rahma Dikhinmahas:

Odd how many commenters are coming at you with "why do you care" when they're the ones who care enough to enter an anonymous message board and read your post and ask you that question.

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.

Dr. Rahma Dikhinmahas:

True story, the guy stocking the shelves at my local Trader Joe's has really strong views on stocks. I talked him out of shorting Tesla last year, and he came back with "oh but I can still buy a put." Had to pull teeth to convince him not to do it. Can't wait to ask him how much money I saved his ass this week.

Didn't happen

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Jul 12, 2020

shoulda sold him that put

Jul 20, 2020

naivete**

Jul 9, 2020

who hurt you

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Jul 9, 2020

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.

Jul 9, 2020

Value investing has officially been cancelled. This is all you need to know now:

https://media1.tenor.com/images/78ea2e67b196f43cd619fad65b9a75b7/tenor.gif?itemid=17266014

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Jul 9, 2020

From now on, the market only goes sideways, never down!

Jul 9, 2020

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)

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Jul 11, 2020

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.

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Jul 10, 2020

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 ;)

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Jul 10, 2020
BrianHunter:

It can be annoying for a bit.

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.

Jul 10, 2020

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

Jul 10, 2020

what's it like to be a bear

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Jul 10, 2020

Gods I love being a growth investor

Jul 12, 2020
Sequoia:

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/e9f1090eb9320da9c0728cfc13b429a3584917dcr1-500-281_00.gif

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

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Jul 12, 2020

Don't get the reference...mind enlightening?

Jul 12, 2020

if this was ten years ago I would've said I worship isis but that's not really on the cards anymore these days

  • Prospect in IB-M&A
Jul 10, 2020

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?!

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Jul 10, 2020

CNBC talks about bond market plenty....... FX and commodities not as sexy therefore doesn't exist

Jul 10, 2020

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)

  • Intern in IB-M&A
Jul 10, 2020

bro they cover bonds and rick goes off about commodities sometimes

  • Engineer in Other
Jul 10, 2020

youre just mad that day traders now make more money than you in their underwear

Jul 10, 2020

Just wait till there's a DDTG index

Jul 10, 2020

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

Jul 10, 2020

There are still sectors that are too cheap. A lot of midcap cylicals are still underpriced. I'm focused on business services and manufacturing, but pretty much anything cyclical has a decent chance to be a good deal.

Stuff in and around entertainment is still too beaten down . . amusement parks, venue services and the like. It's not my area, but the bear thesis on those companies is so thoughtless I had to take a small bite in my personal account.

I won't call the market cheap but I don't find it ridiculous at all that it's trading where it is. If anything is ridiculous, it's people willing to pay any price in the world for the biggest tech stocks because it allows them to think they're still in the market. Amazon and Microsoft are the new savings accounts.

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Jul 11, 2020

Why don't you guys get it yet? Stocks only go up.

Array

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Jul 12, 2020

How many times do I need to repeat it? Stocks only go up!

Jul 12, 2020
DDTG:

How many times do I need to repeat it? Stocks only go up!

Like your dad's dick

heister:

Look at all these wannabe richies hating on an expensive salad.

https://arthuxtable.com/

Jul 12, 2020

Can't clawback dat dere divvy boyyyy

heister:

Look at all these wannabe richies hating on an expensive salad.

https://arthuxtable.com/

Jul 12, 2020

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

heister:

Look at all these wannabe richies hating on an expensive salad.

https://arthuxtable.com/

Jul 12, 2020

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

heister:

Look at all these wannabe richies hating on an expensive salad.

https://arthuxtable.com/

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Jul 12, 2020

You could've brought yourself one if your bought what your own paper was saying and bought Tesla Stocks :P

Jul 12, 2020
TooFailToBig:

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

heister:

Look at all these wannabe richies hating on an expensive salad.

https://arthuxtable.com/

Jul 12, 2020

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.

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Jul 13, 2020

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

  • Analyst 1 in IB - Gen
Jul 12, 2020

I love it when I get lucky running, I ran a sub 4min mile in high school, that was crazy lucky. They told me that only guys that train for 10+ years can do that.

Jul 13, 2020

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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Jul 20, 2020
Comment
Jul 20, 2020