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Do not short it. I repeat, do not do this! Do not play the game of capitalism against expert capitalists who have spent the last few decades rigging the game mo
by runarberg 1mo ago
Do not short it. I repeat, do not do this! Do not play the game of capitalism against expert capitalists who have spent the last few decades rigging the game more an more in their own favor. In very rare cases may be lucky but only for a short while. The more trades you make the more the odds stack against you, and you will loose everything.
In a game where the odds are stacked against you, the only winning move is not to play.
This is a financial advice.
- b112 1mo agoOh no, WOPR/Joshua has gained LLM sentience. (it is sage advice, but reminded me of nuclear war)
- azan_ 1mo agoIt’s a shitty advice (the one about not playing, not the one about not buying shorts). The winning move is to have diversified longs with long horizon. That’s all it takes to participate in profits from “rigged” system.
- runarberg 1mo agoI disagree. The winning move is to organize, and stand as workers in solidarity against the owning classes, engage in direct action (including boycotts and strikes) until the ruling class changes the rules in our favor, or better yet, abolishes this godforsaken economic system of capitalism in favor of a system that rewards workers and not our exploiters.
- echelon 1mo agoThe winning move is to continually deliver value and realize when the market wants something else than what you have to offer. Instead of blaming others, improve yourself and your station. Life is too short to spend it putting up road blocks. Create a new, shorter circuit path instead.
- azan_ 1mo agoHistory clearly teaches us that it’s a losing move.
- frollogaston 1mo agoOr in general, short-term strategies don't work unless you've got the insider info
- sdcfgy 1mo agoI don't know about that. I made a fair bit every time Musk opened his face hole.
- frollogaston 1mo agoAnd I made a lot off oil futures in high school thinking I had a plan, but it was just gambling
- sdcfgy 1mo agoWell there's gambling and trading on sentiment, the latter of which I'm rather experienced in.
- chasd00 1mo agoYeah, to paraphrase an old quote “the best way to make a small fortune doing active trading is to start with a large fortune”.
- prewett 1mo agoRight answer, but the anti-captialist reasoning is rubbish. The simple reason why you do not want to short a stock is that it can go up infinitely, and nVidia has a four year history of going up. There is also good reason to think nVidia will hit the numbers, both because AI is booming and because nVidia is conservative in its forcasts. No capitalist conspiracy theory is needed, save the conspiracy theories for the Trumpers.
- dataplumb3r 1mo agoTBF there are absolutely horrible platforms like Robinhood that aren't far off what the above poster alluded to. At one point payment for order flow was the majority of their revenue or near it! The boring staid firms like Fidelity/Vanguard have vastly superior products not designed to incentivize gambling
- deleted 1mo ago[deleted]
- sdcfgy 1mo agoNot sure I have a choice here. My pension is already being gambled on it.
- dataplumb3r 1mo ago> The more trades you make the more the odds stack against you, and you will loose everything. In general this is true. Participation is not rigged with eg VTI/ITOT and VXUS/IXUS and a long enough time horizon. There is no case where one cannot participate - doing nothing means inflation will eat away at assets. I have a very brutish 50/50 international/US split (was 30% international before 2024 when Trump promised to destroy the US economy and started to act on that...). Each quarterly equity vest I put more in, and realize capital "losses" while buying the near equivalent security when there is an opportunity to do so.
- iwontberude 1mo ago[dead]