Quoted from rai:

This is false. The stock market is not a zero sum game.
Maybe options have winners and losers but not straight up stocks.
Also don’t forget many stocks also pay dividends so even if a stock goes down or flat you can still make money holding.

Quoted from robertmee:

Most in Academia and who have studied the market would disagree with you. It is zero sum or in actuality, negative sum because of the bid/ask spread and fees.
A decent article
https://www.morningstar.com/articles/841310/is-the-stock-market-a-zero-sum-game

Quoted from LITZ:

I exit if we get a close on or under the 4 ema on the daily chart. If intraday it slashes through that level I instantly sell. My other rule is to close out positions that have gone sideways for three days in a row. I can reenter the trade if the previous high is taken out, or the previous low is broken if I am going short using puts.
By sticking to my single breakout/ breakdown chart pattern and using price targets that are based on the volume profile chart with proper risk management, it is highly unlikely I will blowup my account. Been there, done that! Made back 6 figure losses (2012, 2015-2018) and more last year in the trading contest. 2019 I was breakeven. 2020 did 150K. This year I am up over 375K YTD thanks to MARA and RIOT.
I forgot to mention that I at the end of each month I transfer all of the profits out of the trading account to prevent me from giving any of that money back to the mkt. I reset the account to the base level I started the year

I didn't want to pay AMZN 10.00 the authors/ publishers / families are only missing out on a few bucks by the time Jeffery gets his cut.

Quoted from Baiter:

It is absolutely a risk if you YOLO trades. The key to reduce risk (and thus increase success) is to be very picky about what, how, and when you are trading. There are ways to be very selective on high probability trades while limiting downside risk. Years ago I read books, listened to friends and coworkers, even picked the right stocks, but picking the right stocks at the wrong time and then not knowing when to bail can be devastating.
Quite a while back I YOLO'd on some trades, had some big wins and also had some big losses. I traded for a couple more years even dabbling in options, but at the end of the day I was doing nothing but generating commissions for my broker. So I just gave it up... and did mostly buy and hold in my IRA... and it did a little better for me. But when I look back on it if I bought and held the right stocks (many of which I had been trading at the time) I'd have been wealthy long ago.
The past year was akin to the 1999 internet bubble... anyone could make money by throwing a dart, and the only concern was which stock was going to make even more. You don't learn from success like you do from failure. Considering you didn't make money the past 4 years, that tells me is that you probably learned a lot of what not to do, and that will set you up for the next 4 years that will see more churning and more downturns. But you have to learn how to improve your success rate.
I got back into learning to trade recently so that I can be better prepared for the churning/downturning markets.... and it's showing me what I was doing wrong, and my bearings are getting back to where they should be. See my previous post and/or feel free to PM me if you have questions.

Quoted from Baiter:

It is absolutely a risk if you YOLO trades. The key to reduce risk (and thus increase success) is to be very picky about what, how, and when you are trading. There are ways to be very selective on high probability trades while limiting downside risk. Years ago I read books, listened to friends and coworkers, even picked the right stocks, but picking the right stocks at the wrong time and then not knowing when to bail can be devastating.
Quite a while back I YOLO'd on some trades, had some big wins and also had some big losses. I traded for a couple more years even dabbling in options, but at the end of the day I was doing nothing but generating commissions for my broker. So I just gave it up... and did mostly buy and hold in my IRA... and it did a little better for me. But when I look back on it if I bought and held the right stocks (many of which I had been trading at the time) I'd have been wealthy long ago.
The past year was akin to the 1999 internet bubble... anyone could make money by throwing a dart, and the only concern was which stock was going to make even more. You don't learn from success like you do from failure. Considering you didn't make money the past 4 years, that tells me is that you probably learned a lot of what not to do, and that will set you up for the next 4 years that will see more churning and more downturns. But you have to learn how to improve your success rate.
I got back into learning to trade recently so that I can be better prepared for the churning/downturning markets.... and it's showing me what I was doing wrong, and my bearings are getting back to where they should be. See my previous post and/or feel free to PM me if you have questions.

Quoted from Zablon:

I agree with what you are saying, and maybe I wasn't clear. I have made money, but the returns overall were not anything to brag about. I have learned over time yes, but it really takes more time and effort than most people have time for. I would prefer a more hands off approach, but I don't really trust anyone else to handle it.

Quoted from DBLM:

The straight honest truth is that unless you have about 500K or so in investments, nobody is going to pick you up to manage your money for you. It is not worth their time. If you are looking to go hands-off put your money in an index fund and just let it ride.

Quoted from DBLM:

The straight honest truth is that unless you have about 500K or so in investments, nobody is going to pick you up to manage your money for you. It is not worth their time. If you are looking to go hands-off put your money in an index fund and just let it ride.

Quoted from DBLM:

The straight honest truth is that unless you have about 500K or so in investments, nobody is going to pick you up to manage your money for you. It is not worth their time. If you are looking to go hands-off put your money in an index fund and just let it ride.

Quoted from robertmee:

Most in Academia and who have studied the market would disagree with you. It is zero sum or in actuality, negative sum because of the bid/ask spread and fees.
A decent article
https://www.morningstar.com/articles/841310/is-the-stock-market-a-zero-sum-game

Quoted from Baiter:

Yea that is the right advice. But even optimal index investing requires an investment in understanding and tracking macroeconomic indicators. With just a little more investment in time, picking individual stocks will improve upon what the index investing can give. And it goes on from there. In other words, the end result result is proportional to the effort put in.

Quoted from mattosborn:

Right below the article title is the answer "Yes and no." Interesting how you read that to be definitive.

Quoted from loneacer:

I've read some daytrading books that agree with rai

Quoted from robertmee:

But day trading? I'd like to understand how that could be considered anything but zero or negative sum.

Quoted from fosaisu:

Shouldn't it be negative sum due to fees? Like poker at the casino, money paid < money played due to the rake?

Quoted from Baiter:

Most trading fees are $0 today... sometimes a tiny fee if you are doing OTC/foreign stocks.

Quoted from WeirPinball:

Actually that is the wrong way to think, borrowing money on the cheap means the lender loses out long term if you can keep beating inflation on their cash.

Quoted from WeirPinball:

Lets post how much you lose on a down day

Quoted from Baiter:

Most trading fees are $0 today... sometimes a tiny fee if you are doing OTC/foreign stocks.

Quoted from robertmee:

That is interesting because day trading is definitely zero sum. Every buyer has a seller. Money in equals money out minus spread and fees.. The only argument that could be made for non zero sum market is very long term investments where corporations are in and out, and stocks go to 0 with no buyers or sellers, or new stocks are issued but then its a sum between individual investors and corporate coffers. But day trading? I'd like to understand how that could be considered anything but zero or negative sum.

Quoted from robertmee:

I'm guessing you didn't read the article to see how much the "no" was qualified and what the conclusions were.

Quoted from LITZ:

Here’s today’s shitty returns! Still up 1700 or $260/ hr x 6.5 hrs
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Quoted from loneacer:

If I buy a share from you for $10, you buy it back from me for $20, I buy it back from you for $30, etc, didn't we all make money?
As long as the total market value of all securities is growing, it's not zero sum.

Quoted from loneacer:

There's still a small fee when you sell even with $0 fee commissions. It's an SEC fee or something like that.

Quoted from WeirPinball:

OK - you got it - I'll call you out on the next REAL down day.

Quoted from captainadam_21:

Gme baby

Quoted from TRAMD:

The last two weeks have been the slowest trading time for me in three years. I bought $3000 (my monthly transfer allowance) worth of QYLD today and that's all I've done for two weeks.

Quoted from f3honda4me:

The covid death rate is lower than what you're stating. The problem with covid is that there are many people who have had it and never had symptoms or never got tested. Recently there are CDC/WHO epidemiologists who estimated the actual number of cases may be 5x-10x higher than the confirmed cases which would put covid at a death rate closer to standard flu.

Quoted from kvan99:

Planting CEO stock sale...somebody's about to get flushed with cash
https://www.barrons.com/amp/articles/palantir-ceo-karp-discloses-10-3-million-stock-sale-thats-the-tip-of-the-iceberg-51617281087

Quoted from WeirPinball:

Way to dilute the shares! Maybe wood will buy more now...

Quoted from kvan99:

Planting CEO stock sale...somebody's about to get flushed with cash
https://www.barrons.com/amp/articles/palantir-ceo-karp-discloses-10-3-million-stock-sale-thats-the-tip-of-the-iceberg-51617281087

Quoted from extraballingtmc:

Sold my tme Thursday for a couple bucks profit, small wins to build my account.
Sold pltr at 23, took a 3$ loss but planning to buy back if it dips down enough. I want my 3$ back!!
Got some mgm a couple weeks ago at 39, nice to see it above that again.
Still gonna ride or die with hitif

Quoted from pinnyheadhead:

Who the IRS? Lol. He has 70M more options expiring this year. 61M at 10...........cents
Yeah I feel growth winners from last year will be choppy this year after last years run up. Yes there are more options coming up and also short term capital gains turning into long term capital gains for last years purchases made from April on.
And this past January’s trading was 70% higher than Jan the previous year. Traders be trading. Trend still leans slightly upward with a lower short term ceiling. With higher growth you have a stomach for the Chop chop.

Quoted from Oaken:

Does Canada have anything like wash sale rules? ‘Cause in the USA, you are still in the penalty box for a few more weeks.

Quoted from kvan99:

Planting CEO stock sale...somebody's about to get flushed with cash
https://www.barrons.com/amp/articles/palantir-ceo-karp-discloses-10-3-million-stock-sale-thats-the-tip-of-the-iceberg-51617281087

Quoted from extraballingtmc:

Probably bad unless you like buying dips. I’ve read a few articles that say if pltr breaks 20 then it could go down to 17.

Quoted from Oaken:

Sorry for all the other owners, but I would love for that to happen.

Quoted from KornFreak28:

Don’t have access to the article. Is this good or bad news for us holders?

Quoted from Londonpinball:

I think Pltr will be @ 27-30 once any news is released, it’s cheap any price under 30$

Quoted from extraballingtmc:

Hitif is killing me. Hope it’s worth it long term.
MGM doing good lately.