Gamestop explained (so far)
- Thread starter T_Laurich
- Start date
-
Christian Chat is a moderated online Christian community allowing Christians around the world to fellowship with each other in real time chat via webcam, voice, and text, with the Christian Chat app. You can also start or participate in a Bible-based discussion here in the Christian Chat Forums, where members can also share with each other their own videos, pictures, or favorite Christian music.
If you are a Christian and need encouragement and fellowship, we're here for you! If you are not a Christian but interested in knowing more about Jesus our Lord, you're also welcome! Want to know what the Bible says, and how you can apply it to your life? Join us!
To make new Christian friends now around the world, click here to join Christian Chat.
Yup. Totally rigged. It's worse than a casino. At least at a casino you can't fool yourself that you're not just gambling. Wow! You made a bunch of money...by taking it from some other poor sucker.
The other thing about the stock market is that it promotes short term thinking. CEO's are motivated to increase shareholder value at the expense of the long term health of the organization. And that short term mentality creeps down to the common guy who starts looking to just make a quick buck in the stock casino rather than just work for it the old fashioned way. Buying stock is NOT an investment. It's only a bet - no different than a bet at roulette.
The other thing about the stock market is that it promotes short term thinking. CEO's are motivated to increase shareholder value at the expense of the long term health of the organization. And that short term mentality creeps down to the common guy who starts looking to just make a quick buck in the stock casino rather than just work for it the old fashioned way. Buying stock is NOT an investment. It's only a bet - no different than a bet at roulette.
Not rigged at all.
Just saying that it is an equal playing field for everyone.
Losers whine all the time....but the game has stayed the same.
Most "advisors" lie...will tell you to do the exact opposite of what is in your best interest but is precisely in their best interest.
They have a vested interest in you buying when they are selling...and vice versa.
And the big funds movements are extremely telegraphed...in this case they made a YouTube video. It wasn't necessary but whatever.
Righteous indignation over the situation is as dumb as it comes...of course they would do the exact same thing if they were in the hedge fund shoes. (Gonna do the same thing myself today)
Buying low and selling high (not necessarily in that order) is how everyone makes their money. Even your labor.
Just saying that it is an equal playing field for everyone.
Losers whine all the time....but the game has stayed the same.
Most "advisors" lie...will tell you to do the exact opposite of what is in your best interest but is precisely in their best interest.
They have a vested interest in you buying when they are selling...and vice versa.
And the big funds movements are extremely telegraphed...in this case they made a YouTube video. It wasn't necessary but whatever.
Righteous indignation over the situation is as dumb as it comes...of course they would do the exact same thing if they were in the hedge fund shoes. (Gonna do the same thing myself today)
Buying low and selling high (not necessarily in that order) is how everyone makes their money. Even your labor.
Agreed.
Most people hate politicians because they seem to do nothing and make money...
Personally I hate bankers and PM's (portfolio managers). They literally do nothing and take your money.
Let's say you want to buy XYZ at $20. You are watching the price and it gets to 19.50, you put in the buy at 20.00 and instead of hitting 20.00 you bought for 20.30...
How is this?
Firstly they use algorithms (computer programs) that see you bought at 20.00 what they do is buy the stock first by cutting in line and sell it back to you at 20.01. Issue is there are dozens of machines doing this to your trade. This is how you ended up with a higher buy price.
Secondly, the price you see on yahoo, your phone, cnn, anywhere is fake.
This is roughly a 30second delay on the NYSE that interpolated the data as a linear path.
So when you bought for 20.30 another program took that trade you just made, shorted it and sold it at the real price of 18.00.
But you are not allowed to see the real price.
So when you buy XYZ at $20 thinking its 5 below market value.
In actuality that stock is worth $18 and they are making $2.30 for everyone who buys at this price.
This is not a joke, this is legitimately what is going on 24/7 with pensions, retirements, everything.
Most people hate politicians because they seem to do nothing and make money...
Personally I hate bankers and PM's (portfolio managers). They literally do nothing and take your money.
Let's say you want to buy XYZ at $20. You are watching the price and it gets to 19.50, you put in the buy at 20.00 and instead of hitting 20.00 you bought for 20.30...
How is this?
Firstly they use algorithms (computer programs) that see you bought at 20.00 what they do is buy the stock first by cutting in line and sell it back to you at 20.01. Issue is there are dozens of machines doing this to your trade. This is how you ended up with a higher buy price.
Secondly, the price you see on yahoo, your phone, cnn, anywhere is fake.
This is roughly a 30second delay on the NYSE that interpolated the data as a linear path.
So when you bought for 20.30 another program took that trade you just made, shorted it and sold it at the real price of 18.00.
But you are not allowed to see the real price.
So when you buy XYZ at $20 thinking its 5 below market value.
In actuality that stock is worth $18 and they are making $2.30 for everyone who buys at this price.
This is not a joke, this is legitimately what is going on 24/7 with pensions, retirements, everything.
-
1
- Show all
Furthermore, the big players moves are not Telegraphed.
They have 10 days to report any shares they currently own over 5%.
They have 45 days to report after the end of a quarter what stocks they own (13f)
Let's compare this with you...
They know exactly what stock you bought when you bought it.
They know everything you have searched on Google and can interpret this is as future positions better than you can.
So again, at the best you have a 10 day delay and they have instantaneous information.
They obtain your information for free, but you are paywalled to see their information which is delayed by atleast 10 days.
The best you can do is manage to skim some of the froth off the the top and call it altruism because you took profit from the big guys, in reality you are perpetuating this scheme and increasing the amount of margin they have to take from.
They have 10 days to report any shares they currently own over 5%.
They have 45 days to report after the end of a quarter what stocks they own (13f)
Let's compare this with you...
They know exactly what stock you bought when you bought it.
They know everything you have searched on Google and can interpret this is as future positions better than you can.
So again, at the best you have a 10 day delay and they have instantaneous information.
They obtain your information for free, but you are paywalled to see their information which is delayed by atleast 10 days.
The best you can do is manage to skim some of the froth off the the top and call it altruism because you took profit from the big guys, in reality you are perpetuating this scheme and increasing the amount of margin they have to take from.
-
1
- Show all
Lurkers...
JohnDB brags about how he took $719 from kids. He's not ashamed or embarrassed about it at all. He's doing this to try to make you jealous. Don't allow jealousy to arise within you. His money is dirty.
Lurkers,
JohnDB calls us "losers" if we don't make a bunch of money in the wall street casino. This is exactly what the branksters and hedgefunders think of us also. They view us as a resource to be exploited. And the "game" that he's talking about is the system established long ago by the prince of this world. Satan is the prince over this world and anyone that really rises up according to this world's system is probably being rewarded by his master.
Keep serving our Lord Jesus! Don't worry about other people's financial success in this world. Our reward will come in time. I salute anyone who works hard and makes an honest buck! You have my respect.
JohnDB brags about how he took $719 from kids. He's not ashamed or embarrassed about it at all. He's doing this to try to make you jealous. Don't allow jealousy to arise within you. His money is dirty.
Lurkers,
JohnDB calls us "losers" if we don't make a bunch of money in the wall street casino. This is exactly what the branksters and hedgefunders think of us also. They view us as a resource to be exploited. And the "game" that he's talking about is the system established long ago by the prince of this world. Satan is the prince over this world and anyone that really rises up according to this world's system is probably being rewarded by his master.
Keep serving our Lord Jesus! Don't worry about other people's financial success in this world. Our reward will come in time. I salute anyone who works hard and makes an honest buck! You have my respect.
It is a casino if you don't understand why and how the game is played.
It took real study in some really boring classes at school to understand market mechanics.
Accounting
Economics
Math
Marketing
Human resources.
These are really boring classes for most people in school...
And if you barely passed them with a "C" or D....the stock market isn't for you. I find it boring but...it's a game and not a gamble.
It took real study in some really boring classes at school to understand market mechanics.
Accounting
Economics
Math
Marketing
Human resources.
These are really boring classes for most people in school...
And if you barely passed them with a "C" or D....the stock market isn't for you. I find it boring but...it's a game and not a gamble.
-
1
- Show all
It is not intelligence, can intelligence curve it towards your favor, yes.
But this is the cliche' answer. That instead of gambling it is intelligence.
The thing is here, gangsters call their trade a "game". Does it make it less immoral?
Casino's had a giant push in the 90's-2000's where they stopped calling their business gambling but gaming... Does it make it no longer gambling by taking out a letter?
The fact of the matter is this:
This system is designed to slaughter the money from the producers of society and redistribute it to those who do not produce. One of the earliest forms of stock markets comes from the cattle industry. Some years they had a plethora of cattle, other years they had none and would bankrupt the farmer. So they signed away the rights to market price and bought contracts. These contracts would guarantee a price at the end of the year no matter the outcome of cattle. Issue was to hedge the bet onto the buyers favor the median price now used was far below what the rancher would normally get in a 5 year basis.
Then they would take these contracts to buy and sell them full price to other buyers. This is theft with extra steps.
The stock market is theft with extra steps, there is nothing noble about it. If you can make a buck good for you, but I would never play it.
Don't get me wrong, Satan almost had me entranced again with this whole GME fiasco, but thank God He showed me again how criminal this system is.
You are telling me, simply because you are "smart" or "educated" this qualifies you to gamble with peoples money, even though these people do not gamble?
That is theft! If I took 5% out of your bank account went to the cassino played a few hands of max stake poker and returned the 5% back into your account and pocketed 3% for myself... Just because you got the money back does not mean its not theft... Especially when the vast majority of the time, the money is not returned.
But this is the cliche' answer. That instead of gambling it is intelligence.
The thing is here, gangsters call their trade a "game". Does it make it less immoral?
Casino's had a giant push in the 90's-2000's where they stopped calling their business gambling but gaming... Does it make it no longer gambling by taking out a letter?
The fact of the matter is this:
This system is designed to slaughter the money from the producers of society and redistribute it to those who do not produce. One of the earliest forms of stock markets comes from the cattle industry. Some years they had a plethora of cattle, other years they had none and would bankrupt the farmer. So they signed away the rights to market price and bought contracts. These contracts would guarantee a price at the end of the year no matter the outcome of cattle. Issue was to hedge the bet onto the buyers favor the median price now used was far below what the rancher would normally get in a 5 year basis.
Then they would take these contracts to buy and sell them full price to other buyers. This is theft with extra steps.
The stock market is theft with extra steps, there is nothing noble about it. If you can make a buck good for you, but I would never play it.
Don't get me wrong, Satan almost had me entranced again with this whole GME fiasco, but thank God He showed me again how criminal this system is.
You are telling me, simply because you are "smart" or "educated" this qualifies you to gamble with peoples money, even though these people do not gamble?
That is theft! If I took 5% out of your bank account went to the cassino played a few hands of max stake poker and returned the 5% back into your account and pocketed 3% for myself... Just because you got the money back does not mean its not theft... Especially when the vast majority of the time, the money is not returned.
I'm actually not that smart...
There is a difference between smart and wise. (Limited resources for everyone)
I made wise choices in paying attention in those classes.
And I jumped out of the market... because hogs get slaughtered.
All total for two days of trading I'm up $1,750.
But it took work too. I had to study and do my homework before I could even get a clue as to how to play today as well as yesterday.
I made some good calls today and some bad calls...but overall I made more good ones than bad ones. And that's part of the game too. It's not a drunken party of good times and easy street. Far from it...it's hours of boring, mind-numbing reading that pays off.
There is a difference between smart and wise. (Limited resources for everyone)
I made wise choices in paying attention in those classes.
And I jumped out of the market... because hogs get slaughtered.
All total for two days of trading I'm up $1,750.
But it took work too. I had to study and do my homework before I could even get a clue as to how to play today as well as yesterday.
I made some good calls today and some bad calls...but overall I made more good ones than bad ones. And that's part of the game too. It's not a drunken party of good times and easy street. Far from it...it's hours of boring, mind-numbing reading that pays off.
What do you produce for society?
I can go to a farmer, he would say food.
A contractor would say homes.
A bar owner would say alcohol.
A banker would say a way to store their money.
A drug dealer would say drugs.
What do you produce for society?
In the real world, if I work my butt off for 10 years learning how to paint, and no one finds my art attractive I don't get paid.
I can build a house, and if no one likes the house or location I don't get paid...
So what do you produce for society?
I know of only 1 job that takes an income without producing a benefit, and that is thieves.
Edit: I am not mad at you, but the entire system.
I am dissapointed you find your work nobel.
I can go to a farmer, he would say food.
A contractor would say homes.
A bar owner would say alcohol.
A banker would say a way to store their money.
A drug dealer would say drugs.
What do you produce for society?
In the real world, if I work my butt off for 10 years learning how to paint, and no one finds my art attractive I don't get paid.
I can build a house, and if no one likes the house or location I don't get paid...
So what do you produce for society?
I know of only 1 job that takes an income without producing a benefit, and that is thieves.
Edit: I am not mad at you, but the entire system.
I am dissapointed you find your work nobel.
Ac
Actually I'm being forced into this.
I was a Chef, running kitchens for years until my family needed me home during the day.
Then I went into sales...DSD sales to grocery stores...then made another shift and was a construction Electrician for years.
My knees, feet, and hands are toast from decades of hard manual labor...the arthritis is eating me up.
So even though I find trading boring...I'm doing it to provide for the family.
Actually I'm being forced into this.
I was a Chef, running kitchens for years until my family needed me home during the day.
Then I went into sales...DSD sales to grocery stores...then made another shift and was a construction Electrician for years.
My knees, feet, and hands are toast from decades of hard manual labor...the arthritis is eating me up.
So even though I find trading boring...I'm doing it to provide for the family.
I have wired up the Nashville skyline. Built office space, yogurt factories, Zinc plant, doors and fan factories, and a host of things.
I've stocked grocery stores....
I've cooked hundreds of thousands of meals for others...
My production days are pretty much over mostly...I'm going to be replaced by young people; even if I tried to keep going. The arthritis won't let me keep up.
So I'm providing for my family the best that I can....and now that my work day is over and the closing bell has rung....time to make dinner.
I've stocked grocery stores....
I've cooked hundreds of thousands of meals for others...
My production days are pretty much over mostly...I'm going to be replaced by young people; even if I tried to keep going. The arthritis won't let me keep up.
So I'm providing for my family the best that I can....and now that my work day is over and the closing bell has rung....time to make dinner.
-
1
- Show all