The Stock Market is Obviously Rigged

I had a limit sell order on Southwest at 48 which executed on Monday which was great cause it is back down to 42.

I wasn't planning on selling anything before the end of the year, but have some limit buy and sell orders ready for huge one day fluctuations.

Why the fk would stocks today be the same price 35 years from now? Obviously some will fade, but overall it will continue to climb. Unless we enter some sort of fking dark ages in which stock market tends will be the least of your concerns

Should I take a bow or should I wait until Disney hits 180 or my airline stocks double?

Nio got pumped and dumped last Thursday and Friday.

Up 12% Thursday then 10% in the first hour Friday....at which point it went into a deep swoon based on no new data, etc.

The insiders get away with this all the time

I only buy individual stocks in companies that I like and personally use. If I can't explain to a friend why it's a great company or a great service, I won't buy it.

I was an early investor in AMZN -- $12 per share. I've been a customer since 1998. I was an early investor in Netflix, when they first launched the DVD by mail, streaming wasn't even on the horizon. $14 per share? I also mess around with some restaurants and such from time to time.

My problem is that I triple or quadruple my money and then sell out. I'd be a multi-millionaire right now if I'd hung onto the AMZN and Netflix stocks. I made a nice little profit and moved on..

Now's not a good time to buy. Market is completely irrational and too high. March was a good time to buy, but only stuff that made sense -- McDonalds, Starbucks, Jack in the Box were all good buys.

It can't keep going up.

Of course it's rigged. Don't overthink it. Just buy the obvious big dips and sell at the obvious peaks.

The only question anyone should be asking themselves right now is should they be selling, and how to time it.

This is a smart way to invest, actually. You don’t realize profits until you sell, so cashing out when you tripled your money isn’t a bad move. Many a trader hang onto winners that turn into losers and they stay in denial and end up taking losses they didn’t need to take.

I literally just calculated my net worth, hadn't done it since early September - when you said you started day trading. My retirement accounts have gained tens of thousands of dollars since then.....guess what I did to make that happen? Absolutely NOTHING. Index funds, index funds, index funds. And you've been studying your ass off and day trading like crazy, probably stressing yourself out and not sleeping at night. Bro....no more day trading. It's a fools game. It's not rigged, you're just in over your head. You know who you're competing (trading) against? Smart as crap Harvard business school grads who are working 70 hour weeks on Wall Street. And you think you can do a little reading about day trading and match them? Remember this, and this is true: it's not that lucrative to invest in the market. It's lucrative to be a money manager and manage OTHER people's money in the market. It's like the title of that one book: "Where are the customer's yachts?" The market returns 10% per year. Buy and hold index funds, and ride the beautiful waves of the markets over the years. Rejoice when there's a big drop! Pray it doesn't bounce back too quick! The longer the drop lasts, the more money you're putting in at a discount. Dollar cost average, same amount every month, as much as you can possibly put in. You'll be a guaranteed millionaire in 30 years. Keep doing what you're doing, and it'll be nothing but heartbreak.

These threads are hilarious. 99% of you are basically gambling, but you think you have a system figured out which ALMOST made you a multimillionaire but for A, B, and C...

Hardloper wrote:

These threads are hilarious. 99% of you are basically gambling, but you think you have a system figured out which ALMOST made you a multimillionaire but for A, B, and C...

I think what is even more hilarious is that I gave advice here that went unnoticed that would have made anyone including you money. Check the timeline if you are interested.

I will say it again and come back here in April with 25% or more higher on these:

Today:

Disney 144.67 (likely to go down in the next week on profit taking but will go up) Prediction 170

American Airlines 12.79 (Will go up in the next few months) Prediction 25

Delta Airlines 38.00 (Will go up in the next few months) Prediction 58

Southwest Airlines 45.58 (Will go up in the next few months) Prediction 55

I have made 15k this year on the market. Sure, not a big deal but I only had 25k to work with. So, not much money but I didn't have to work for it either.

Take my advice here and you will thank me. These stocks might go down this week on profit taking but the trend will be up as the vaccine gets distributed.

I am staying away from the cruise line industry. I don't think they will bounce back as quickly.

Hardloper wrote:

These threads are hilarious. 99% of you are basically gambling, but you think you have a system figured out which ALMOST made you a multimillionaire but for A, B, and C...

Buying in late March/early April was no long shot, and selling pretty soon won't be either. You don't have to have a system. Don't even bother with details, just sense which way the wind is blowing.

People may sit at home trading over every bit of Publicly Traded Information. There are corporate insiders who trade (illegally) on Non-Publicly Traded Information. There are U.S. Senators who trade on Non-Publicly Traded Information. See U.S. Senator David Perdue. See U.S. Senator Dianne Feinstein and many others. Corp. insiders are supposed to only sell their shares with a Rule 144 sale. Corporate insiders get away with buying Put contracts in their discount brokerage accounts. A poster last night gave his stock picks of Disney and some airline stocks. That blind luck only works for so long. Warren Buffett was Indicted in 1960s for Market Manipulation. Beating the markets by (2.5 to 5) points per year is easy. Doubling the market year in year out without an illegal angle is either impossible or rare blind luck. There are rare individuals who win Powerball x 2. Win Powerball x 3, then cheating is occurring.

Yes, the market is rigged. Rigged to go up. Buy and hold.

Trading is emotional and fun. No one would go to Vegas if they were guaranteed to come back with a 7% win. They go to chase the big wins. Same reason people trade.

Of course, the market has been rigged. But its not at the point where can't blow up on people. Generally, there are sound investing principles you can follow that will make it profitable over time. But day trading is a bad idea. Right now a lot the of the growth is driven by speculation with low-interest rate borrowed money. For the most part, prices bear no relevance to economic reality. The Fed is responsible for that with these fake interest rate loans.

Right now the FED monetary policy is the only thing the market has going for it. The FED will keep this going for a while and likely be successful keeping the market book asset value inflated. But the massive inflation they are going to cause will kill the real value gains.

Y’all would do better if you just invest in VTI and let it wide.

I do not disagree with you for someone with less than $25,000 of assets. Full-service advisors cannot show their value until a client has at a minimum of $100,000. Advisors can demonstrate significant value for their clients with assets greater than $10,000,000. Beating the market, as I stated by (2.5 to 5) points with lower risk, lower risk than your VTI index. Not by picking equities, bonds also. Professionals never go 100% away from bonds. Bonds are too complicated for most individuals at discount firms, so discount retail customers are usually 100% in equities. Putting together a portfolio for clients is similar to being a symphony conductor. Bonds move inversely to bond yield.

Advisors are highly overrated. The finance industry has very marginal talent and most of them have been trained in fake economics so they really don't understand the economy. You can see with hedge fudge managers no one consistently outperforms the market. It really is a hot hand industry where someone will do great for a few years then stink for the next few. The other thing you have to understand is they are pushing investments on you that bring in money to their firms or gain them commissions. There are very few financial advisors who are worth anything and even good ones cannot predict short term results but understand long term results.

You look at someone like Warren Buffet. He admits he has no idea where a stock will be a month from now but over the years he will do well. The only ones who can predict short term results on individual stocks have insider information or are part of groups pushing speculative money into an asset to drive up its value and dump it for a profit before it collapses.

Hardloper wrote:

These threads are hilarious. 99% of you are basically gambling..

Yes, but owning a house is a gamble.

Even putting your money in the bank is a gamble considering currency changes.

There are stable stocks to buy.

The commodity market can be considered a big risk but gold could possibly be the safest investment over the long haul.

So it really depends

There are three different categories of Financial Advisors: Series 6, Series 65 at life insurance companies; Series 7 & Series 66 (some gals & guys have a tough time with series 66, so series 63 & series 65), N.Y.S.E. firms; Series & Series 66, N.A.S.D. firms.

Poster, do you have over $100,000 in assets outside of 401-K or 403-B or 457 account(s)? If so, walk into a few N.Y.S.E. firms, ask for Broker of the Day, and get a review. A review will include a Psychological Questionnaire. Said questionnaire is more detailed than asking a prospect their risk tolerance. Back in the 1990s, we used to simply ask prospects their risk tolerance. Vanguard does not do that for you.

The most efficient way to manage bond portfolio for clients with greater than one million at investment firms, are actual bonds, not bond indices or bond mutual funds. Financial advisors at insurance companies and Financial Advisors at investment firms possess life insurance license. Either Whole Life or Term make sense for many citizens. Full service firms offer Initial Public Offerings and Primary Offerings. Vanguard have neither.

Poster, you are turning the conversation back to stock picking. At N.Y.S.E. firms these days they want ex-pro athletes, ex-top end auto salespersons and ex-jewelry salespersons as F.A.s. The industry no longer wants stock pickers. The industry wants portfolio managers, If the current F.A.s do not seem like they know as much as Day Traders doing Option Spreads & Option Straddles, it does not matter. There are men & women with master or PhD degree in economics or master or PhD in finance or master degree in accounting reviewing your portfolio. None of that occurs at Vanguard. At N.Y.S.E. firms, F.A. are not allowed to manage one-hundred million dollar plus accounts. F.A.s get a one time finders fee at that's it. N.Y.S.E. will pressure a young and inexperienced F.A. to allow corporate to manage accounts greater than twenty-five million. Gone are the days of a young Bud Fox catching a Whale and ruining the account. Heck, there is subtle pressure to allow corporate to manage accounts greater than 1/4 million at N.Y.S.E. firms.