Something something strong men something something bad content

​@@aureus79+2

@@aureus79 +2

@@aureus79 this comment fucked me up

Getting? My dude, when he had the two parter Isaac episode it was the most video editing he's ever done lmao

So pegged

OMG he did!!

Ok but this time the house definitely won’t win, I’m sure of it

least helpful northernlion viewer

​@@lucasnadamas9317 yes and no. Even in sports betting complete laymen average same results as experts. It's how the bets are designed. It's basically impossible to know it better than the bookmakers

Units -> Fuel Units -> Freedom Units

There's a joke community post about 10 posts back, look up that one it's actual gold

Yeah he mentions the Librarian super frequently on stream (maybe he didn’t do it as much a few months ago when you posted it). The librarian is definitely deeply entwined in the NL mythos at this point tho

You can only lose all of your money but you can actually win infinity money, the only way to lose is not to play take the red pill and stay pegged gamers

Gambling with stocks can actually put you in debt xD

@@Xankek Only if you either borrow the capital you are financing the stock purchases with or you use derivaties (options or certain leveraged items). Options are a great recipe to blow yourself up. If you just take money from your bank account and buy a stock in a boring company like Coca Cola you might be in the red for a while but chances are extremely low that your money will be gone in your lifetime and quite high it'll net you more money than a bank savings account. Stocks are fundamentally a rigged gamle, where instead of the game being rigged in favour of the house it's rigged in favour of stock owners.

25 points!

+2

yeah they deleted it i think. i just got it off twitter twitter.com/RampCapitalLLC/status/1350875874481025032

@@TheLibraryofLetourneau true legend, thanks heaps for the link

He's implying that you can identify a stock that's going up, catch it while it's still low enough that you can buy it low, and always be able to sell it just as it's peaking. If it was possible to do that so easily, you don't think everybody would be doing it? So either they're lying about their success or they're extremely lucky idiots whose luck just hasn't run out yet.

The "strategy" is stupid because the entire thing hinges on the line that's going up to keep going up. That's not how the stock market works. It's not so much a strategy than it is magical thinking. You're basically betting on the line to keep going up without any additional knowledge about the company, the product, the company's competition, the wider economic context etc. when the line could just as well either plateau or dip massively.

Imo the dude is either misinforming his audience about the actual steps he takes aside from that, or he's just really dumb and has been really lucky.

Short-term variation in stock prices are essentially random and impossible to predict unless you have good information and detailed analysis, and even then they are still unpredictable. It's impossible to guarantee that every time you buy a stock it will go up to a point where you can make a significant profit selling it. It's equally likely that it'll go down after you buy it, at which point you'll have made a loss, so this "strategy" is basically gambling. Also human psychology is such that you're very likely to be able to time your buying and selling "correctly" (i.e. you might hold on to a rising stock for too long, or panic sell a depreciating stock) - professional day traders earn six figures and use fancy software to try to predict market movements and correct for human biases and even they can't consistently beat the market, so it's ludicrous to imagine that you can do it just sitting at home. These people are probably lying or not telling the whole story.

It might as well be gambling. Just because someone got a jackpot on one of their first few spins doesn’t make it a viable strategy for making money.