Stock Market (26 Viewers)
- Thread starter AFL_ITALIA
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Difference is hedge fund managers have 'dinners' to discuss which company they will short and send out their shills (media to bad mouth the company etc) to completely manipulate the market and make a killing. Up to 25% shorting is reasonable but over 100%? This is extended greediness and I am happy that hopefully these hedge funds fold even if it's a tiny drop compared to the big ones and legislation changes to make sure this kind of shorting never happens again. Publish both your longs and shorts. Whatever the motives at WSB at least they are open and the average Joe learns a shit load about investing. Many people will make money and many people will lose a little bit of money. This is not like 2008.
You are like the typical fraudsters I have been dealing on a daily basis that were good for nothing but were trying to explain to me how things work. Your knowledge of economics is farcical. I know many people like you who were pretty shit in making money in honest ways and got involved in crypto, options trading, and daily trading. In fact, all of the dumbasses I know got involved in this.
I know people, who I caught involved in fraud, later on to create their own ICO. Many of the biggest fraudsters I and my teams caught during these years got involved in crypto. Most of you are delusional dumbasses and outright fraudsters who spread voodoo and flat-earth economics.
I know people, who I caught involved in fraud, later on to create their own ICO. Many of the biggest fraudsters I and my teams caught during these years got involved in crypto. Most of you are delusional dumbasses and outright fraudsters who spread voodoo and flat-earth economics.
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No, I am not. I am just annoyed by some Trump supporter who thinks he is in the know-how here. LOL. Jackasses like him are quite lucky that risk management is again being neglected on all institutional levels for the sake of short-term profits.
People like that would have been hard fucked if on the top regulatory and management positions were dedicated, analytical, honest, and quite capable risk management professionals like I was.
Of course, boom and bust economic cycles would have been almost eliminated, the stock market more rational, institutional fraud almost eradicated, and the average Joe fraudster, who thinks he is gaming the system while spreading lies and misinformation on Telegram and Reddit - homeless.
People like that would have been hard fucked if on the top regulatory and management positions were dedicated, analytical, honest, and quite capable risk management professionals like I was.
Of course, boom and bust economic cycles would have been almost eliminated, the stock market more rational, institutional fraud almost eradicated, and the average Joe fraudster, who thinks he is gaming the system while spreading lies and misinformation on Telegram and Reddit - homeless.
I will listen to the guy with better profits. Who's that?
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Dude, Lemony Fresh Wealth Consulting, or whatever it was called, lost 30% of 12 billion on the positions they took. Seriously, fuck anyone who calls themselves a financial manager and screws up that badly. I hope no teachers were planning to retire on that money. This is precisely why I will never trust money to a mutual fund, hedge fund, con artist, or MLM yoga pants seller. Who appoints these experts?
Shorting, and just holding the short position on a stock, without any options to hedge it, is like buying a mansion at the beginning of hurricane season with 120% financing, with your vital organs as additional collateral, and choosing not to insure it because the wind isn't blowing right now. But not only that, if the hurricane destroys the mansion, you might also owe someone infinite dollars because you had a contract to deliver a mansion of any arbitrary value based on arbitrary market rates to them at some later date. BUT WAIT THERE'S MORE. You also decide to taunt the market by bragging about the huge positions you've taken, which make you vulnerable. Good idea.
I'm new to the stock market but even I can see how this is beyond retarded.
A professional fund manager? We need better professionals apparently. Once you figure out how options work, you should never be in the position this hedge fund is in.
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Dude, Lemony Fresh Wealth Consulting, or whatever it was called, lost 30% of 12 billion on the positions they took. Seriously, fuck anyone who calls themselves a financial manager and screws up that badly. I hope no teachers were planning to retire on that money. This is precisely why I will never trust money to a mutual fund, hedge fund, con artist, or MLM yoga pants seller. Who appoints these experts?
Shorting, and just holding the short position on a stock, without any options to hedge it, is like buying a mansion at the beginning of hurricane season with 120% financing, with your vital organs as additional collateral, and choosing not to insure it because the wind isn't blowing right now. But not only that, if the hurricane destroys the mansion, you might also owe someone infinite dollars because you had a contract to deliver a mansion of any arbitrary value based on arbitrary market rates to them at some later date. BUT WAIT THERE'S MORE. You also decide to taunt the market by bragging about the huge positions you've taken, which make you vulnerable. Good idea.
I'm new to the stock market but even I can see how this is beyond retarded.
A professional fund manager? We need better professionals apparently. Once you figure out how options work, you should never be in the position this hedge fund is in.
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My portfolios are all in green. In fact, I no longer invest income. I have withdrawn from active investing two years ago, and no longer trade regularly. I had multiplied my investments by that time. I have pension funds, which are all in green too. I reinvest only profits from investments, but I am well diversified.
I have been living almost 2 years only with the interest of my deposits. I have started some small businesses that I do not want to scale up, but Covid hit them hard, but I think they will be successful once things normalized. I do not want them to be too successful though.
I think, had I not wasted so much money on travel and food, I would have retired when I was 32. I did it when I was 36 instead.
I really do not need more money for myself. Had I been alone I could live the rest of my life with my small business endeavors, which are more of a hobby once per week and have brought me only losses so far.
I have everything I want, except Porsche Taycan, which I think I can buy in the next few years if my reinvested profits and small business grow as expected. I have never been materialistic anyway and I have been trying to lead a more sustainable and environmentally friendly life. This is my true passion.
I grew up poor as a rat. My parents never had enough money, but that was OK for me.
I never cheated or was involved in any irregular activity. I have always followed the rules and fought against them in an open way, whenever I thought they were inadequate.
As I said, if there was no need to help other people, I will not need to work another day in my life, or at least until AI takes over and fucks us all, there is another pandemic, or a nuclear war, or Bjerknes and his fellow flat-earth economists bring us another financial crisis.
I have started working several months ago for a company that offers software, financial, risk management, and customer services to the gambling industry just out of boredom and I wanted to recuperate the losses of my small businesses.
I do not share this to show off, but just to tell younger people they do not need to hurry and get involved in dubious activities to be successful in life. Just do what you love or do something you do not love until you make enough to do the things you love. LOL.
I live in Bulgaria by the way. The poorest country in EU.
I have been living almost 2 years only with the interest of my deposits. I have started some small businesses that I do not want to scale up, but Covid hit them hard, but I think they will be successful once things normalized. I do not want them to be too successful though.
I think, had I not wasted so much money on travel and food, I would have retired when I was 32. I did it when I was 36 instead.
I really do not need more money for myself. Had I been alone I could live the rest of my life with my small business endeavors, which are more of a hobby once per week and have brought me only losses so far.
I have everything I want, except Porsche Taycan, which I think I can buy in the next few years if my reinvested profits and small business grow as expected. I have never been materialistic anyway and I have been trying to lead a more sustainable and environmentally friendly life. This is my true passion.
I grew up poor as a rat. My parents never had enough money, but that was OK for me.
I never cheated or was involved in any irregular activity. I have always followed the rules and fought against them in an open way, whenever I thought they were inadequate.
As I said, if there was no need to help other people, I will not need to work another day in my life, or at least until AI takes over and fucks us all, there is another pandemic, or a nuclear war, or Bjerknes and his fellow flat-earth economists bring us another financial crisis.
I have started working several months ago for a company that offers software, financial, risk management, and customer services to the gambling industry just out of boredom and I wanted to recuperate the losses of my small businesses.
I do not share this to show off, but just to tell younger people they do not need to hurry and get involved in dubious activities to be successful in life. Just do what you love or do something you do not love until you make enough to do the things you love. LOL.
I live in Bulgaria by the way. The poorest country in EU.
It's not that simple. Everyone likes to do something, but most of those you don't get paid for. There might be a guy who just likes to drink beer daily, year in and year out and there might be a guy who likes to make music and gets paid for it. 2 completely different things, both of them love what they do but only the other one gets paid for it.
We have different ways of thinking, different genetics and different starting points and those 3 things combined determine whether you will be Steve Jobs or not.
We have different ways of thinking, different genetics and different starting points and those 3 things combined determine whether you will be Steve Jobs or not.
I am not Steve Jobs nor Elon Musk and I never wanted to be. I would love to be Einstein, Hemingway, or James Joyce though.
I know you want me to blame the banks and the hedge funds but I also blame the people who got carried away and overleveraged themselves.
The financial crisis was a blessing in disguise for me. I started investing a little while after that. I never got carried away with leverage. Now, I have one credit card with a 500 euro limit. That is my leverage. I almost never use it.
I know you want me to blame the banks and the hedge funds but I also blame the people who got carried away and overleveraged themselves.
The financial crisis was a blessing in disguise for me. I started investing a little while after that. I never got carried away with leverage. Now, I have one credit card with a 500 euro limit. That is my leverage. I almost never use it.
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