More men are addicted to the 'crack cocaine' of the stock market

Post by gcanyon » Tue, Dec 24, 2024, 3:29 PM UTC

potato3732842 wrote: post #134

spoonfeeder006 wrote: post #94

Earlier quoted context omitted.

Whats the difference between "idiots have to be scammed" vs "people who can't fend off a knife fighter while en route to the grocery store have to be stabbed"? Some people are gullible, or trusting. This doesn't mean they don't have other gifts, or most of all good intentions. Applying an evolutionary pressure against people who can't fend off knife attackers is ultimately useless for human wellbeing The real issue i…

>Whats the difference between "idiots have to be scammed" vs "people who can't fend off a knife fighter while en route to the grocery store have to be stabbed"? Consent.

Post by gcanyon » Tue, Dec 24, 2024, 3:30 PM UTC

in-pursuit wrote: post #129

spoonfeeder006 wrote: post #94

Earlier quoted context omitted.

Whats the difference between "idiots have to be scammed" vs "people who can't fend off a knife fighter while en route to the grocery store have to be stabbed"? Some people are gullible, or trusting. This doesn't mean they don't have other gifts, or most of all good intentions. Applying an evolutionary pressure against people who can't fend off knife attackers is ultimately useless for human wellbeing The real issue i…

There’s obviously a huge difference between a scam and a violent attack. The person being scammed doesn’t ever lose their agency and willingly participates. That’s very different from a knife attack, where the victim would leave at every moment if possible.

Post by User23 » Tue, Dec 24, 2024, 3:35 PM UTC

sokoloff wrote: post #136

User23 wrote: post #93

Earlier quoted context omitted.

Well it's true, you do need an idea. But good ideas aren't hard to come by when you understand basic risk management. Take for example recent events. Say your idea is if this election goes one way, it's neutral/slightly bearish for TSLA, if it goes the other way it's wildly bullish for TSLA. Since one possibility isn't going to result in much movement you ignore it. For the other one you structure some options trades…

You also need an idea that's somehow different from the rest of the market. (It's the difference of opinion/point of view that makes a market.) If everyone has the exact same expectations as you, no one is going to offer you the options trade structure at a price that would be profitable for you.

Post by yieldcrv » Tue, Dec 24, 2024, 3:37 PM UTC

iamthemonster wrote: post #88

matt3210 wrote: post #38

At one point I knew I could beat the market with l33t software skills. I was wrong and only realized it after donating about 3k to Wall Street.

Every so often I receive commercially sensitive information about my company which I'm not allowed to disclose before it's formally communicated to the stock market. For fun, I try to predict what impact it'll have on the share price (though of course I can't actually trade!) I can successfully predict the direction of the share price movement 50% of the time and successfully predict the magnitude of the share price…

Post by thrance » Tue, Dec 24, 2024, 3:39 PM UTC

epolanski wrote: post #9

I remember a controversial scamming figure in Italy that made millions by selling lucky numbers for lotteries or exploiting people's stupidity to part them with their life savings. Her motto was "idiots _have_ to be scammed". While this figure was morally and ethically deplorable, it always made me think how her motto essentially implied that there was an element of pure natural selection happening and she saw hersel…