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Forget TA or 'value analysis'. This is the real secret to how people get rich on the stock market.

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Posted (edited)

Folks, this is important ... stop trying to learn technical analysis or poring over a company's annual statement. 

You won't get rich that way.  Trust me.

Read the following to learn the real reason why rich people are rich.  :D

Quote

The Senate’s newest member sold off seven figures’ worth of stock holdings in the days and weeks after a private, all-senators meeting on the novel coronavirus that subsequently hammered U.S. equities.

Sen. Kelly Loeffler (R-GA) reported the first sale of stock jointly owned by her and her husband on Jan. 24, the very day that her committee, the Senate Health Committee, hosted a private, all-senators briefing from administration officials, including the CDC director and Anthony Fauci, the head of the National Institute of Allergy and Infectious Diseases, on the coronavirus. 

“Appreciate today’s briefing from the President’s top health officials on the novel coronavirus outbreak,” she tweeted about the briefing at the time.

https://www.thedailybeast.com/sen-kelly-loeffler-dumped-millions-in-stock-after-coronavirus-briefing

Edited by dmedin
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Posted (edited)

whilst I understand its 2020 and everyone feels a need to be constantly outraged on headline "news" pieces without really stopping for one moment to think, you should still go that extra mile and try and use your brain.

999485292_2020-03-2009_20_34-SenatorKellyLoeffler(@SenatorLoeffler)_Twitter.png.5c7c6e1e832addd0d6725651b87eebaf.png

On top of that, She sold $3m in shares. Shes worth $500m. These are probably big numbers which you're outraged at, but if you think someone who was really trying to sell on fears of an economic recession and the impact of covid19, don't you think they'd sell more than 0.6% of their net worth...?

It's the same as you having £1000 invested in the stock market, and selling off six quid.

EDIT: Not republican, but quite enjoy sanity and facts. #votebernie

Edited by trade247
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9 minutes ago, trade247 said:

EDIT: Not republican, but quite enjoy sanity and facts. #votebernie

 

Sure you can enjoy truth and facts if you are like Epicure and enjoy pottering away in your garden.  If you want to change the world, understand that the 'crowd' isn't moved by sober, cold truths.  :D

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11 minutes ago, trade247 said:

Shes worth $500m

That's your headline fact right there.  Money buys politics in America.  Sound good to you? 

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45 minutes ago, dmedin said:

That's your headline fact right there.  Money buys politics in America.  Sound good to you? 

that wasn't your original reason for outrage. You were going on about trading on 'insider information' of sorts, which I just showed you was complete nonsense.

as a completely separate point, completely unrelated to anything you were originally talking about, yes, money in American politics is disgusting, and I think the whole system is rotten from the core out.

That has nothing to do about a politicians financial advisor selling 0.6% of her portfolio prior to the market sell off.

If you don't pick your battles on who and how you moan, people start to pay less attention to you. Easily refutable statements like what you originally stated actively harm the more important ones...

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4 minutes ago, trade247 said:

which I just showed you was complete nonsense.

 

Uh, no you didn't.

Keep trying though.

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4 minutes ago, trade247 said:

people start to pay less attention to you

 

All 20 of them who look at this forum you mean?

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5 minutes ago, dmedin said:

Uh, no you didn't.

Keep trying though.

lol

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1 minute ago, trade247 said:

lol

 

So the corrupt b!tch only sold $3 million.  Peanuts for her so it doesn't count right.  :D

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There was once a young virgin who was found to be with child.  Said she, 'Well maybe I do have a baby, but it's just a little one so it doesn't count.'

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