Re: *Prompter Thread* (NO Personal Attacks, Trolling, breaking 52 USC 30121 OR 2 USC
Quote:
Originally Posted by M. Steng
Portnoy was tolerable until about six months ago when he just went straight off the deep end. This DDTG stuff is just so cringey too. Who is tuning in to watch another guy do day trading? Mind boggling stuff.
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People who are going to lose their life savings.
They're treating Robinhood and eTrade like a fucking bookie; making "bets" rather than investing or having any strategy.
StOcKs AlWaYs gO uP!
Yeah...in the long run, but when you're doing frequent trades and have no idea what you're doing and have no coherent strategy or hedged positions, you're more likely to underperform the broader market/basic indexed funds (at best) or lose your shirt. And to do this all during a time of unprecedented uncertainty and based on no fundamentals? Yikes. Good fucking luck.
He can bitch about "suits" and say he's better than Buffett. But A) he'll never have the pedigree of WB and B) he's made no profit until he cashes out. If what he says about his positions are true, he's more likely to miss the jump off point and take a fucking bath holding long positions on failing companies like AAL and Hertz
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