I also don't think it should be legal to crowd source market manipulation like certain power users on wsb have been able to do.
I think it absolutely should be legal as long as congress is allowed to commit insider trading and the hedges are allowed to automate shorting and use dark pools.
There is either one standard, or there should be none.
in the market every paycheck and forgets about it.
The problem with that take is a day trader is assumed to be paying attention and learning about the market, whereas you're saying putting money away and forgetting it is what they should have done, no?
But that presupposes that not paying attention to the market is the way to go.
So then, and forgive me if I seem to be putting you on the spot, but, which is it?
Due diligence or no?
And thats how I see it, a false dilemma. Because be it day trading and paying attention or stocking it away, to incompetently be eaten by inflation, any success of the GME variety, would see the same outcome: circling the wagons and kicking out everyone whos not an insider. And the proof of that is that it already happened. It makes no difference that it was just one example, when the example was of the scale that it was. The past is the best predictor of the future.
To address what you wrote about gate keeping 'poors' from the market, would take more time than I have today to be on the internet.
I can't accept that as an argument, but in all sincerity you sound like you understand the topic a lot better than me, so I'd be glad to take a raincheck on the lesson if you're willing.
(post is archived)