New here?
Create an account to submit posts, participate in discussions and chat with people.
Sign up
63
The house always wins. No refunds. (media.scored.co)
posted 2 months ago by EJGeneric on scored.co (+1 / -0 / +62Score on mirror )
51 comments
Permalink
Mirrored from scored.co
You are viewing a single comment's thread. View all
9
XBX_X on scored.co
2 months ago 9 points (+0 / -0 / +9Score on mirror ) 1 child
This is why crypto was allowed to go "mainstream." With stocks, ["Pump and Dump"](https://www.investor.gov/introduction-investing/investing-basics/glossary/pump-and-dump-schemes) schemes are very, very illegal, but were a favorite scam when they were legal back in the 80s. Crypto isn't stock, yet all these exchanges market them like stocks, allowing all the old pump/ dump scams to resurge. "Everything old is new again."
Permalink Reply
Mirrored from scored.co
10
Brannvesen on scored.co
2 months ago 10 points (+0 / -0 / +10Score on mirror ) 2 children
The jew pump and dump stocks all the time, restrict trading for everyone else, and gets a few minutes of their own to place orders before the market opens for the pleb. It's ironically even worse than unregulated markets.
Permalink Reply
Mirrored from scored.co
4
XBX_X on scored.co
2 months ago 4 points (+0 / -0 / +4Score on mirror ) 1 child
I don't doubt it, but it can't be as frequent and as obvious as crypto scams.
Permalink Reply
Mirrored from scored.co
5
Brannvesen on scored.co
2 months ago 5 points (+0 / -0 / +5Score on mirror ) 1 child
Less obvious, but more frequent. It happens every single second. They have their own fiber cables just to get a millisecond faster latency than everyone else. That way they know the future price change and will be able to place an order before everyone else, earning a few hundred bucks every second without anyone noticing.
Permalink Reply
Mirrored from scored.co
3
XBX_X on scored.co
2 months ago 3 points (+0 / -0 / +3Score on mirror ) 1 child
Yes, on that I will concede. I would say that day trading isn't possible anymore since you're going up against bank-owned supercomputers with T5 connections making millisecond trades based on algorithms literally written by MIT mathematicians.

On that you're absolutely right. No argument.
Permalink Reply
Mirrored from scored.co
1
systemthrowaway on scored.co
2 months ago 1 point (+0 / -0 / +1Score on mirror )
Yep day trading is literally gambling just as bad as shitcoins. Individual day traders who make it big get it out of sheer luck and don't even know it. If you care about your money you will stick with boomer long-term investment strategies, but even that isn't flawless because *jews rugpull the entire economy* every 10-20 years.

Basically the only way to keep your money under zog is to try and predict how they're going to try stealing your money at any given moment.
Permalink Reply
Mirrored from scored.co
2
Fabius on scored.co
2 months ago 2 points (+0 / -0 / +2Score on mirror )
Gamestop.
Permalink Reply
Mirrored from scored.co
Toast message