The head trader at Citadel is the brother of the White House Press Secretary lmao
The sourcing on this looks about as reliable as Adrian Zenz' shit. Do we know those two individuals are actually related?
Most stocks are not like a slot machine. Yes, there are times of extreme volatility, and there is always potential for an unexpected crash (as in 2008 or march 2020), and there are some very risky stocks (GME, Wework, etc)
But over all, you have to remember, the stock market is how the rich make themselves richer. And the rich are the ones that write the rulebook. If the chances of making money on the stock market were no better than making money in Vegas, the rich would re-write the rules to change that.
Go on google and look at the line graph for Dow or the S&P 500, zoom out so you can see how its been going over the last 5, 10, 20, 30 years.
What do you see? Line go up. Yes, there are occasional crashes, but overall, line go up. The rules of our entire society are oriented toward the goal of "line go up"
That's fair enough. There's def a lot of potential to lose money if you don't invest wisely (and hell, even if you DO invest wisely.) I've been telling people, esp people that are talking about wanting to put money into GME, to not invest anything that they can't afford to lose.
I bought 7 shares at $70, then sold 2 at at $280 to cover my initial investment. Holding the other 5 to see where it goes. If I can make an extra few thousand then good, but if they shrivel up I'm up $40 anyways. 🤷♀️
I don't know if it has a name but this strat seems to be good. Calculate the price where you make your initial investment back, pull it out when you hit it, then let the surplus keep going. Sure you won't make as much if the stock keeps climbing but if it never takes off you haven't really lost anything except time.
Yeah, pretty much. After today I kinda realized how much watching this stock had taken over my life the past few days at the expense of a regular sleep schedule. It felt good to see :stonks-up: and be a part of the masses but every few minutes I'd be compelled to check them to see if :stonks-down: . Figured I'd just cut my losses and stop worrying over what, like MAYBE a couple thousand dollars? Sure, that's a lot of money for an unemployed student to make in a few days, but that's not life changing for me. I'd probably just blow it on a gun or something.
isnt this what the powers to be did when the powers that be ran up BTC like mad? or am i completely misunderstanding this?