Which I did. Most obvious opportunity for a trailing stop order of my entire time trading, lol.
replyIt stands to reason Anthropic will also have a huge upswing. I may eat my words.
replyThere are people playing that same game on the other end, and they have the tools to exploit market swings which you may not have. Those are the people who will benefit from the potential huge upswing, and that money came from somewhere, most likely from your investment.
replyPlaying the stock market is a loosing game. It is gambling where all the rules and all the odds are stacked in favor of a handful of people who gamble for a living. (it is also systemic exploitation of the working classes; so if you are into worker solidarity [you should] you should not partake in said exploitation).
It is not, played over time, a losing game. Just look at the lifetime graph of any major index.
replyIf you just buy and hold, and don't panic sell during a recession, you'll win.
Will other more sophisticated players make money exploiting short-term swings? Sure. Will other players beat your returns? Also yes.
But that money isn't coming out of your pocket, so why does it matter? You're still beating leaving your money in a savings account, where inflation is outpacing interest.
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reply> Playing the stock market is a loosing game. It is gambling where all the rules and all the odds are stacked in favor of a handful of people who gamble for a living
replyIndeed. And yet opting out is an even bigger loss.