Replying to @⁨db2@lemmy.world⁩

In the same vein, this is partly why I’ve never understood the mindset of individual investors. Like, it’s extremely arrogant to seriously believe that you have an edge over highly resourced institutions and billionaire investors who can afford the best analysts and mathematical models on top of their market influence. I can assure you that whatever strategy you have, theirs is better, and they don’t have to play by the same rules. What can you hope to bring to the table when you’re swimming with these sharks?

Replying to @⁨henfredemars@infosec.pub⁩

Some folks like to gamble! More and more people are desperation gambling these days out of doomer mindsets that see 0dtes and kalshi bets as their way out of crushing poverty.

And here and there, it’s possible to look at pricing and conclude it’s pants-on-head bananas. Trading and therefore price action is dominated by algorithms which amplifies hype cycles. Who couldn’t see SpaceX as being overvalued? Other than the assholes at NASDAQ

Replying to @⁨Bustedknuckles@lemmy.world⁩

And here and there, it’s possible to look at pricing and conclude it’s pants-on-head bananas. Trading and therefore price action is dominated by algorithms which amplifies hype cycles. Who couldn’t see SpaceX as being overvalued?

But that’s the problem. Many of us definitely knew SpaceX was overvalued. It should have been a no-brainer to short this stock at IPO… however, look at Tesla stock. That shit should have cratered years ago but still hasn’t. I wanted to short this stock, but I didn’t trust the Musk morons to not continue humping his sack. Even when you can see that something is pants-on-head bananas, there are enough idiots out there (and enough insider traders) making shit irrational.

en