Jump to content

Whenever retail punters go near stock markets, they lose money.


Recommended Posts

Retail investors are inherently stupid.  They should avoid the stock market for the same reason they avoid performing advanced medical procedures on their family members.  I.e., leave it to the professionals.

 

Quote

 

Increased savings, stimulus checks from the government, and ultra-low interest rates due to the coronavirus pandemic have led to a flood of money into the markets from punters, leading to chaotic trades via mobile phone apps.

A little-known Chinese online real estate company’s American depositary shares (ADSs) jumped as much as 1,250% on Tuesday before closing 400% higher. The reason cited widely on social media was a part of its name, FANGDD Network (DUO.O).

...

At least three London-based traders said the surge was down to “Robinhood” traders - Robinhood is a popular stock trading app that greets visitors to its website with the motto “It’s Time to Do Money.”

https://www.reuters.com/article/us-health-coronavirus-retail-trading-ana-idUSKBN23H2QM?taid=5ee11c2e68fa860001afddb5&utm_campaign=trueAnthem:+Trending+Content&utm_medium=trueAnthem&utm_source=twitter

 

 

The London traders went on to scoff (off the record) at these punters, who they described as 'f^cking mugs', 'muppets' and 'pigs getting slaughtered'.

Then they all had drinks and engaged in macho banter.

Edited by dmedin
Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • As the cryptocurrency space evolves, Bitget keeps bringing up worthwhile initiatives to make crypto trading interesting and easy for its users as well as helping them maximise profit.  Gleaning from the likes of Candybomb to PoolX and the likes, the CEX has been seen to steadily provide these services. The PRE MARKET trade seems to be the newest product on the block right now. It is an over the counter trading platform that specialises in providing a pre-traded marketplace for new coins before official listing.  Simply put, it is a p2p framework of some sort that facilitates trading between buyers and sellers enabling them to acquire coins at optimal price thus enhancing advance liquidity and complete delivery at a mutually agreed upon time.  The interesting thing about the Pre Market is that; it allows the advocates or supporters of newly launched projects to trade through a contract before the token goes mainstream or before being airdropped.  This framework is very good for projects that have very high speculation, speculative traders should check out this product.  Good thing is the Pre trade is already live, you can leverage on it to purchase $MERL before its official listing, you could get to earn massive ROI. Here's the link; https://www.bitget.com/pre-market/MERLUSDT
    • Atomic Wallet is experiencing issues with their staking and rewards, so I would like to transfer my ATOMs to another crypto wallet. I contacted Atomic Wallet Support and they recommended Cosmostation Wallet and gave me instructions on how to do this. I followed the links they sent me, which required me to fill in my seed phrase. My ATOMs transferred to Cosmostation Wallet but were immediately transferred out. I never made that transaction. I contacted Cosmostation Wallet Support and asked them what happened. They informed me that I must have been talking to a scammer posing as support from Atomic Wallet. I contacted Atomic Wallet and they said I wasn't talking to a scammer and those links are legit. I lost my funds because my PC must be infected. Atomic Wallet wouldn't outright scam me would they?  
    • With the recent surge in "Cat Coins," a wave of playfulness and intrigue is sweeping the crypto community. KHAI, a meme token built on the Solana blockchain, is at the forefront of this movement. Fueled by a bullish community sentiment, KHAI has experienced a staggering 15.27% price increase in the past 24 hours, pushing its market cap to a noteworthy 24.4 million dollars. This impressive growth comes on top of a remarkable 94.3% price jump over the past week, significantly outperforming both the global market and other Solana-based cryptocurrencies. Could KHAI be the next big memecoin to reach unprecedented heights? Its recent listing on the Bitget exchange, accompanied by a giveaway event, certainly adds fuel to the fire. However, the question remains: will this newfound attention propel KHAI to even greater heights, or will it succumb to the volatility often associated with memecoins? Only time will tell.
×
×
  • Create New...
us