7 ms·

Lol you're reaching. This is not the issue that divides us. Rather, we enjoy seeing winners and losers in the market.

psychlops 6y ago
No, I don't like seeing winners and losers in the market. I like to see winners, it's not a zero sum game. There are no divisions on this board, everyone is against the Power that is being exhibited right now. TD, Interactive Brokers and Robinhood have bent the knee to enrich the rich at the expense of many.
- scruple 6y ago
  And all of it under the guise of "protecting the little guy."
  - unityByFreedom 6y ago
    Why do you think it's a guise to stop buys on a ridiculous valuation? You can still sell.
    - wizzwizz4 6y ago
      By that logic, nobody should be allowed to buy and sell Bitcoin, because there's no way a currency with such a low GDP can be worth that much.
    - cbozeman 6y ago
      I can't remember the movie. Can't even remember the actor, but... "What. the fuck. are you talking about?!" Tesla's price-to-earnings ratio is 1660. Why didn't TSLA buying get shut down? OH yeah, because a shitload of institutional investors have shares.
      - unityByFreedom 6y ago
        B/c TSLA shenanigans all occurred under a completely corrupted admin whose agencies will need time to rebuild. Can't believe I need to write that. It's no secret a con man was at the helm.
    - scruple 6y ago
      I can walk into any gas station in the country and blow as much money as I care to on lottery tickets. I can drive to Las Vegas and walk into a casino and do practically anything I want with my money. This is America and retail investors are (hopefully) all legal age and are participating of their own free will. Hedge funds have treated the stock market like their own personal casino for decades. When the house starts to lose at their own game, due to their own greed, it's suddenly a problem?
      - unityByFreedom 6y ago
        Casino is right but you can't easily get to one. They're highly regulated and not everywhere for a reason, which is they make masses poor and are generally bad for the economy. Great you get tax money but you've destroyed people's lives to do it and people are a country's most valuable asset. Don't know what you're on about the house losing here. Brokers make a killing on any trade action. Heavy retail day trading inevitably falters and ends up creating tons of poor while money flows into the pockets of a few. See: the year 2000.
- unityByFreedom 6y ago
  People do like other people's drama. It reminds them they're not the only ones with troubles. As for zero sum, of course it's not, the market grows over time, but there def are winners and losers when you look at events up close. Bending the knee is not right, there must be some sanity in the market. They're trying to protect mom and dad from losing their shirts.
  - psychlops 6y ago
    Sanity is a relative term depending on which side of the trade one is on. Moms and Dads (if any were in GME) will lose money and make money, they are directing who will be losing. I'm happy to change my phrase, what would you call it when brokerages unilaterally help their market makers by changing trading terms to ones that favor one side. Halting trading is usually done by an exchange.
    - unityByFreedom 6y ago
      Here [1], see also [2] > Market makers have no interest in owning the stock. They have no interest in being long or short. They're like a furniture or electronics store. They match buyers and sellers, and for this, they make a slim profit margin. This profit margin is known as the spread. The reason they make a profit is because risk is involved. If they sell stock to you, but the price is so volatile that it moves up and up before they can find a buyer and equal out their book, they can lose a lot of money, and they can lose it fast. > This is why discount brokers (Robinhood, Cashapp, Webull, etc...) have stopped allowing people to buy GME, and AMC, among others. They can't find a market maker to take your order. It sucks because retail made a lot of dumb moves, and bought a lot of shares they shouldn't have bought, and they're going to lose a ton of money, but it's not a conspiracy. [1] [1] https://www.reddit.com/r/neoliberal/comments/l6qhhg/discussion_thread/gl4oiu6/?context=3 https://www.reddit.com/r/neoliberal/comments/l6qhhg/discussi... [2] https://www.reddit.com/r/neoliberal/comments/l7bo3r/the_game_stop_situation_is_not_a_conspiracy_an/ https://www.reddit.com/r/neoliberal/comments/l7bo3r/the_game...
- goatinaboat 6y ago
  I like to see winners, it's not a zero sum game Short selling absolutely is a zero sum game.
  - unityByFreedom 6y ago
    Eh, there's an argument to be made that maintaining a healthy market with longs and shorts produces more value in the long term. Generally I disagree with gp tho b/c people love drama even if it isn't 100 to zero.
- MrMan 6y ago
  Day trading will likely lose a lot of people a lot of money. It's absolutely a zero sum game and for the vast majority, a negative-sum game.

No, I don't like seeing winners and losers in the market. I like to see winners, it's not a zero sum game. There are no divisions on this board, everyone is against the Power that is being exhibited right now. TD, Interactive Brokers and Robinhood have bent the knee to enrich the rich at the expense of many.

scruple 6y ago
And all of it under the guise of "protecting the little guy."
- unityByFreedom 6y ago
  Why do you think it's a guise to stop buys on a ridiculous valuation? You can still sell.
  - wizzwizz4 6y ago
    By that logic, nobody should be allowed to buy and sell Bitcoin, because there's no way a currency with such a low GDP can be worth that much.
  - cbozeman 6y ago
    I can't remember the movie. Can't even remember the actor, but... "What. the fuck. are you talking about?!" Tesla's price-to-earnings ratio is 1660. Why didn't TSLA buying get shut down? OH yeah, because a shitload of institutional investors have shares.
    - unityByFreedom 6y ago
      B/c TSLA shenanigans all occurred under a completely corrupted admin whose agencies will need time to rebuild. Can't believe I need to write that. It's no secret a con man was at the helm.
  - scruple 6y ago
    I can walk into any gas station in the country and blow as much money as I care to on lottery tickets. I can drive to Las Vegas and walk into a casino and do practically anything I want with my money. This is America and retail investors are (hopefully) all legal age and are participating of their own free will. Hedge funds have treated the stock market like their own personal casino for decades. When the house starts to lose at their own game, due to their own greed, it's suddenly a problem?
    - unityByFreedom 6y ago
      Casino is right but you can't easily get to one. They're highly regulated and not everywhere for a reason, which is they make masses poor and are generally bad for the economy. Great you get tax money but you've destroyed people's lives to do it and people are a country's most valuable asset. Don't know what you're on about the house losing here. Brokers make a killing on any trade action. Heavy retail day trading inevitably falters and ends up creating tons of poor while money flows into the pockets of a few. See: the year 2000.
unityByFreedom 6y ago
People do like other people's drama. It reminds them they're not the only ones with troubles. As for zero sum, of course it's not, the market grows over time, but there def are winners and losers when you look at events up close. Bending the knee is not right, there must be some sanity in the market. They're trying to protect mom and dad from losing their shirts.
- psychlops 6y ago
  Sanity is a relative term depending on which side of the trade one is on. Moms and Dads (if any were in GME) will lose money and make money, they are directing who will be losing. I'm happy to change my phrase, what would you call it when brokerages unilaterally help their market makers by changing trading terms to ones that favor one side. Halting trading is usually done by an exchange.
  - unityByFreedom 6y ago
    Here [1], see also [2] > Market makers have no interest in owning the stock. They have no interest in being long or short. They're like a furniture or electronics store. They match buyers and sellers, and for this, they make a slim profit margin. This profit margin is known as the spread. The reason they make a profit is because risk is involved. If they sell stock to you, but the price is so volatile that it moves up and up before they can find a buyer and equal out their book, they can lose a lot of money, and they can lose it fast. > This is why discount brokers (Robinhood, Cashapp, Webull, etc...) have stopped allowing people to buy GME, and AMC, among others. They can't find a market maker to take your order. It sucks because retail made a lot of dumb moves, and bought a lot of shares they shouldn't have bought, and they're going to lose a ton of money, but it's not a conspiracy. [1] [1] https://www.reddit.com/r/neoliberal/comments/l6qhhg/discussion_thread/gl4oiu6/?context=3 https://www.reddit.com/r/neoliberal/comments/l6qhhg/discussi... [2] https://www.reddit.com/r/neoliberal/comments/l7bo3r/the_game_stop_situation_is_not_a_conspiracy_an/ https://www.reddit.com/r/neoliberal/comments/l7bo3r/the_game...
goatinaboat 6y ago
I like to see winners, it's not a zero sum game Short selling absolutely is a zero sum game.
- unityByFreedom 6y ago
  Eh, there's an argument to be made that maintaining a healthy market with longs and shorts produces more value in the long term. Generally I disagree with gp tho b/c people love drama even if it isn't 100 to zero.
MrMan 6y ago
Day trading will likely lose a lot of people a lot of money. It's absolutely a zero sum game and for the vast majority, a negative-sum game.