Trading the stockmarket (NO Referrals)

Soldato
Joined
18 Aug 2006
Posts
10,034
Location
ChCh, NZ
Because i've kept you updated can i have a share of that? :D

Sure man..10k ain't that much anyway.

But in reality, there will be a sell off. Price entry point was perfect for noobs with 1k 'life savings'. Now they've tripled that, they'll paper hand it and take profits. I won't be surprised at all if it ends up in the red today.

The only question is, do I sell on opening or not.
 
Soldato
Joined
7 Nov 2009
Posts
19,799
Location
Glasgow
I guess it won't be dipping anytime soon?

It'll dip. And mostwill get scared and sell and it'll crash.
It'll dip. And most will hold and the shorter's won't have enough liquidity to cover their position so it'll go back up.
It'll rise. And keep rising. And then it'll crash.

One of them will happen.

It'll definitely crash, that's a given. But, when and by how much is anyone's guess. If you have money to throw away, then go for it but this is gambling. This isn't investing. If you aren't comfortable playing roulette at the casino, then don't get involved here. Just because it's the "stock market" doesn't mean it's safe, wise, clever or sensible. It's far from it.

If you need that money to cover rent/mortgage/food/etc, literally for any reason, then don't get involved.
 
Caporegime
Joined
13 Jan 2010
Posts
32,573
Location
Llaneirwg
It'll dip. And mostwill get scared and sell and it'll crash.
It'll dip. And most will hold and the shorter's won't have enough liquidity to cover their position so it'll go back up.
It'll rise. And keep rising. And then it'll crash.

One of them will happen.

It'll definitely crash, that's a given. But, when and by how much is anyone's guess. If you have money to throw away, then go for it but this is gambling. This isn't investing. If you aren't comfortable playing roulette at the casino, then don't get involved here. Just because it's the "stock market" doesn't mean it's safe, wise, clever or sensible. It's far from it.

If you need that money to cover rent/mortgage/food/etc, literally for any reason, then don't get involved.


Just seen this.

Yes. Absolutely. This is like the alt coins in bitcoin.

It's completely unpredictable. As there is no logic to the surge. Just like the first bitcoin spike. It has momentum. But at some point people will start exiting. And it will. Come crashing back down.

Crazy what reddit and the like can do.
 
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