Wednesday, August 5, 2020

Day-trading stock platforms are stealing from the poor and giving to the rich, causing depression and suicides

If you want to get rich in the stock market
go to college and get a degree in finance and a stock brokers license,
Sell stocks and get a commission on each sale.

Never buy crypto currency.
Sell crypto currency and related products.

CBD oil is the new snake oil.
Grow pot don't smoke pot.

Be a seller, not a buyer or trader.

Levis got rich by selling blue jeans to gold miners, not by finding gold.

I have warned against day trading but they go ahead and lose their inheritances and life savings.
I have watched this before.
No way to stop idiots from disaster.
Give a fool a rope and he will hang himself.

Everybody knew the 2008 crash was coming.
Repeat of earlier crashes.
Just look at price graphs.
The bigger the bubble
the bigger the crash.
History repeats over and over again.

Only TV fake news disinformation addicts did not see the crash coming.

SHTF is coming.
Fake covid pandemic is a warning to get prepared.

From: Ron

One of the best articles I have read on trading.

Market goes up because much money from Europe is being invested in the US.

Also goes up because insiders are buying their own corporate stock with cheap money

instead of reinvesting any money into their product or capitalization of their company.

I remember in 2009 after the housing collapse the talking hairdos on the business report kept parroting:
"Nobody could have known."

Many persons warned the public and they were banned from TV.

Marc Faber,
Peter Schiff and
Martin Armstrong come to mind.

Scams and cons have replaced looking for value through price/earnings or company break up value.

Computers with split second algorithms trade with each other.

I studied and put together my own portfolio in the early 1980s.

A very wealthy businessman serving life for murdering his unfaithful wife

showed me what to study when I was a building officer in the state prison.

In today's world I would not invest unless I personally maintained possession and custody.
ie tangible investments.

Ron

On Mon, Jul 13, 2020, 3:19 PM Lothar

Day-trading stock platforms are stealing from the poor and giving to the rich, causing depression and suicides

https://www.rt.com/op-ed/494610-day-traders-stocks-pandemic/

Mitchell Feierstein is the CEO of Glacier Environmental Fund and author of

'Planet Ponzi: How the World Got into This Mess,
What Happens Next, and
How to Protect Yourself.'

He spends his time between London and Manhattan.

Thousands of young, inexperienced people have become day traders in stocks during the recent pandemic,
thinking they'll quickly make fortunes.

They won't and they are being duped, manipulated and exploited.

For hundreds of years, the typical market-pricing mechanisms determined the value of businesses and companies.

Cash flow and profitability were always a critical metric in determining if a business was viable
and worthy of additional capital
to grow the company and its profits.

Snake oil salesmen at day trading firms
tell novices that "it is different this time."

Upon reviewing a few websites of the most significant day-trading firms,
I realized that many statements in their learning centers ranged from stretching the truth and lying by omission

to outright material misrepresentations.

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