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  • T_Doug [he/him]
    ·
    edit-2
    4 years ago

    Given that Marx never wrote of his speculating after that initial letter, and given that he remained dependent on Engels for most of the remainder of his life. I wouldn't be surprised if Marx lost everything after he "began all over again".

    WSB style day trading is basically identical to sports gambling insofar as though many people begin on a hot streak, and then think they're a genius destined for riches, 95% of them don't cash out when they should and end up losing almost everything.

    My only advice if you're holding GME rn is that if you bought in earlier and made a substantial profit; get out now and enjoy the money in your hands, and don't risk everything going to shit with you holding the bag.

    • JayTwo [any]
      ·
      edit-2
      4 years ago

      I'm 100% certain Marx got some good initial luck, then lost his shirt, er, pants, and stopped.

      It's a pretty common experience for poor people who try to be a little less poor playing the market: Do well, think it's so easy, pump in maybe a little more than they should, lose it all, stop trading, and never talk about it ever again.

      • Huldra [they/them, it/its]
        ·
        4 years ago

        Tbh Marxs statement of "relieving the enemy of his money" just sounds like a joke about the situation, or else it kinda sounds like an idealist justification to me.

    • RowPin [they/them]
      ·
      4 years ago

      Thinking of Marx asking Engels for stock advice and Engels writes back a letter saying "buy low and HODL 🚀🚀🚀🚀🚀🚀".