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Ask HN: Is there any serious discussion about the stock market online?

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Re: Ask HN: Is there any serious discussion about the stock market online?

#11

Post by PaulHoule »

paulriddle wrote: post #9
PaulHoule wrote: post #2

No. If I knew something about the stock market that was valuable and I told people for free i would destroy the value of that knowledge. Thus 'those who know don't talk and those who talk don't know'. This is math and you can't get around it. By definition somebody pontificating on the stock market is doing it for self-aggrandizement or to fool you to make bad trades.

But unless you're investing other people's money, you are a small fish in the sea. Like, if all you have is 200k then none of your decisions being public would affect you in a negative way. Admittedly, I don't know much about the stock market but I can't imagine anyone caring if you want to short some company's stock.

Sometimes I like to play penny stocks and in some cases I bought $800 worth of shares and that wound up being 40% of the volume of that day.

(Don't laugh I sold half of the stake for $1200 a few months later. It has been up and down and I haven't looked at it for years but the other half is worth about $1500 right now)

It's true that you can't move AAPL that way but there are many things about trading that I didn't understand before I adopted a few penny stocks where I can see all the trades.

Re: Ask HN: Is there any serious discussion about the stock market online?

#12

Post by logicslave »

Honestly, r/wallstreetbets has the most realistic information. You have to parse through a ton of bs. But theres some good market perspective if you look for it. Otherwise, I have found nothing, maybe r/investing or r/stockmarket, but those are naive.

Re: Ask HN: Is there any serious discussion about the stock market online?

#13

Post by marketgod »

logicslave wrote: post #12

Honestly, r/wallstreetbets has the most realistic information. You have to parse through a ton of bs. But theres some good market perspective if you look for it. Otherwise, I have found nothing, maybe r/investing or r/stockmarket, but those are naive.

Try r/thewallstreet not too bad either but better following me with options :)

Re: Ask HN: Is there any serious discussion about the stock market online?

#14

Post by doingmyting »

logicslave wrote: post #12

Honestly, r/wallstreetbets has the most realistic information. You have to parse through a ton of bs. But theres some good market perspective if you look for it. Otherwise, I have found nothing, maybe r/investing or r/stockmarket, but those are naive.

+1 to this. It might seem filled with endless BS but the fact that they put their money where their mouth is means that the advice given is based on actual experience and not some overpaid advisor who've never tried or willing to try the advice they are giving.

Re: Ask HN: Is there any serious discussion about the stock market online?

#17

Post by Gustomaximus »

PaulHoule wrote: post #2

No. If I knew something about the stock market that was valuable and I told people for free i would destroy the value of that knowledge. Thus 'those who know don't talk and those who talk don't know'. This is math and you can't get around it. By definition somebody pontificating on the stock market is doing it for self-aggrandizement or to fool you to make bad trades.

> If I knew something about the stock market that was valuable and I told people for free i would destroy the value of that knowledge.

Not if you've taken your position and then encourage people to realise the same.

E.g. A more extreme example, but sometimes you see people up dirt on a company showing how they are fiddling numbers/debt etc, take a position and then publish.

Also realistically (more extreme examples aside) you telling the world what you know about a company wont change diddly, but just acts as a sounding board or because you like to announce/discuss it.

Re: Ask HN: Is there any serious discussion about the stock market online?

#18

Post by [deleted] »

PaulHoule wrote: post #11
paulriddle wrote: post #9

Earlier quoted context omitted.

But unless you're investing other people's money, you are a small fish in the sea. Like, if all you have is 200k then none of your decisions being public would affect you in a negative way. Admittedly, I don't know much about the stock market but I can't imagine anyone caring if you want to short some company's stock.

Sometimes I like to play penny stocks and in some cases I bought $800 worth of shares and that wound up being 40% of the volume of that day. (Don't laugh I sold half of the stake for $1200 a few months later. It has been up and down and I haven't looked at it for years but the other half is worth about $1500 right now) It's true that you can't move AAPL that way but there are many things about trading that I didn't u…

[deleted]

Re: Ask HN: Is there any serious discussion about the stock market online?

#19

Post by runawaybottle »

PaulHoule wrote: post #11
paulriddle wrote: post #9

Earlier quoted context omitted.

But unless you're investing other people's money, you are a small fish in the sea. Like, if all you have is 200k then none of your decisions being public would affect you in a negative way. Admittedly, I don't know much about the stock market but I can't imagine anyone caring if you want to short some company's stock.

Sometimes I like to play penny stocks and in some cases I bought $800 worth of shares and that wound up being 40% of the volume of that day. (Don't laugh I sold half of the stake for $1200 a few months later. It has been up and down and I haven't looked at it for years but the other half is worth about $1500 right now) It's true that you can't move AAPL that way but there are many things about trading that I didn't u…

Do you manipulate the price higher and then hope people think it’s a trending stock? How often do you do this?

Move the stock higher, peddle it on /r/wsb, sell your position, buy up shorts?

Re: Ask HN: Is there any serious discussion about the stock market online?

#20

Post by perl4ever »

PaulHoule wrote: post #2

No. If I knew something about the stock market that was valuable and I told people for free i would destroy the value of that knowledge. Thus 'those who know don't talk and those who talk don't know'. This is math and you can't get around it. By definition somebody pontificating on the stock market is doing it for self-aggrandizement or to fool you to make bad trades.

Telling people stuff for free doesn't mean they can utilize the information for free.

For instance, suppose someone said that many if not most people could be very successful investing if they just skimmed the description of each public company's business in the 10-K annual report, and chose a small number of the best ones only after reviewing all of the thousands out there.

That's way too much work for most people, but it's hardly impossible. It's not even a full time job.

But given it's not attractive to follow that procedure, telling people they should do it has no noticeable effect on its value, even if it works.

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