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DDDDave · 04-29-2005, 09:07 AM

The stock market 'is' a big casino. The problem is they don't post the rules next to the game like they do in Vegas.

Why do stocks go up and down? Think you know? Really? No, you don't.

Ex: Oh, my stock just announced great earnings. Stock goes down. WTF? The guys that run the casino expected more, maybe. Maybe the casino operators told all their friends to buy earlier and when they announced earnings, they sold. Buy on the rumour, sell on the news. What does that mean?

The casino, just like the stock market, is run by people who want to take your money.

I am certainly not dissing the idea of people joining together and pooling their resources to create an entity to make money and be successful. I just get frustrated when people somehow think the stock market is 'fair'.

And to answer your question. No, you cannot get into the stock market for $5. The example earlier of a $1,000. investment is quite reasonable. If you knew that you could buy the stock for $5 and it would go up $5. it would be easy. But you don't. (Absent some inside information) I can assure you, the guys who put up millions have a much better idea what is going to happen than you do.

Personally, I keep my money and use it myself to make more money. I figure those guys are not any smarter than me they just know their game better. I know my game better.

I have, and still do, play the market. I look at it as a casino. Only bet what you can afford to lose. Set a limit of how much you will lose, and how much you want to win. When either of those happens, walk away.

It is not a bad thing to gamble for fun. In fact that is how Vegas pitches it. They don't say 'come here and lose your money'. They say 'come here and have fun.' How much are you willing to pay for your fun is the question.

Do some more research. They market and Vegas prey on the uninformed.

Good Luck.

04-29-2005, 09:07 AM	#3 (permalink)
DDDDave Addict Location: Sarasota	The stock market 'is' a big casino. The problem is they don't post the rules next to the game like they do in Vegas. Why do stocks go up and down? Think you know? Really? No, you don't. Ex: Oh, my stock just announced great earnings. Stock goes down. WTF? The guys that run the casino expected more, maybe. Maybe the casino operators told all their friends to buy earlier and when they announced earnings, they sold. Buy on the rumour, sell on the news. What does that mean? The casino, just like the stock market, is run by people who want to take your money. I am certainly not dissing the idea of people joining together and pooling their resources to create an entity to make money and be successful. I just get frustrated when people somehow think the stock market is 'fair'. And to answer your question. No, you cannot get into the stock market for $5. The example earlier of a $1,000. investment is quite reasonable. If you knew that you could buy the stock for $5 and it would go up $5. it would be easy. But you don't. (Absent some inside information) I can assure you, the guys who put up millions have a much better idea what is going to happen than you do. Personally, I keep my money and use it myself to make more money. I figure those guys are not any smarter than me they just know their game better. I know my game better. I have, and still do, play the market. I look at it as a casino. Only bet what you can afford to lose. Set a limit of how much you will lose, and how much you want to win. When either of those happens, walk away. It is not a bad thing to gamble for fun. In fact that is how Vegas pitches it. They don't say 'come here and lose your money'. They say 'come here and have fun.' How much are you willing to pay for your fun is the question. Do some more research. They market and Vegas prey on the uninformed. Good Luck. __________________ I am just a simple man trying to make my way in the universe... "Go confidently in the direction of your dreams. Live the life you have imagined." - Thoreau "Nothing great was ever accomplished without enthusiasm" - Emerson