Friday, October 14, 2016 3:20:03 PM
is what it is. It was a dog-eat-dog cesspool before I ever got here. Some people actually like it this way!
I had to learn the difference between a trader and an investor. I have an investor's heart. I put up some money and get shares in a company which then thrives and prospers; the shares become more and more valuable as the company becomes more and more successful. More investors come in but the pps has increased and they have to lay-out more money per share. But they're willing to do so to have a chance to be part of a successful enterprise and increase their personal portfolios.
That is not what we have here. Shysters, like Tim Sykes, have created their own "stock market" They then charge a fee to teach others how to execute lightning-fast trades with huge parcels of shares, cause the pps to tick up once or twice, and then sell their shares to some unsuspecting slob who doesn't know that the surge was artificial and the stock will retrace almost immediately.
Still other charlatans claim they will teach you how to trade for a subscription fee. They form a group of followers to whom they alert stocks and encourage the followers to buy. Unbeknownst to the poor schleps who follow like sheep, these "Moderators" are already in and they sell their shares to their followers in what is known as "front running."
I didn't create this system but I do play in it. I wouldn't stoop so low as to pump a worthless stock striving only to sell MY shares to the newcomers. But I have learned thru hard-earned empirical knowledge that getting out once you have a nice gain is of the utmost importance. And I tell anyone who will listen that they ought to do the same thing.
"Man cannot discover new oceans unless he has the courage to lose sight of the shore." ...Andre Gide
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