Swing Trading $5K (How to lose most of your cash)

[mpcharles]

Soo... did op ever come back? Hahaha

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[MJ DeMarco]

Soo... did op ever come back? Hahaha

Nope, not to this particular thread.

 

[ravenspear]

Wow, he was cleaned out brutally if he held.

 

[Ravens_Shadow]

Jeeze @Elif 43 posts. Zero likes. You're pushing down all the great content in the forum by spamming threads.

 

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[MattKnights]

Some similarity with the Martingale system in roulette.

Little win, little win, little win, little win....big loss that you'd blinded yourself to the possibility of.

Is it me, or are markets becoming more like casinos as the decades roll by? See this graph of the average length of time stocks are held for over the last few decades.



Some types of short term trading might be more like poker and therefore less daft personally, but capital allocation is a serious and important function of the system. Spotting value and predicting what will be wanted in the future is what should lead to stock market profits. It's how capitalism naturally selects people who miraculously anticipate our every desire and need.

We might have thrown a wrench into the workings of the system here and we, as proponents of capitalism, should probably own it and seek to fix it before the mob burn the whole system down.

We want people to see that winning in life under capitalism correlates well with providing value to others and therefore ultimately making us all better off (I hope we do?). I'm happy to be corrected by a good argument as I'm certainly no trading expert, but it seems that short term trading isn't doing anything to help steer humanity towards a future where our wants and needs are met abundantly? Unlike longer term value investing, which obviously does.

Also notice that the shift towards short holds correlates uncomfortably with spread of the personal computer and the internet. It's freaky to think that casino stock markets might be a real world example of an unintended consequence of rapid developments in technology. That would be stupid of us. Bring on the robots! I'm sure we've got all possibilities fully thought through.

Anyway, full thread hijack and mini rant concluded.

Just food for thought. Do try not to hate me, or I won't waste my life posting on here again!