because I talked to the guy who wrote those puts on wallstreetbets he was depressed from all the comments making fun of him so i sent him some money from the winnings
now that i experienced the exact thing he experienced, im just done with trying to make a buck from the markets because the profits come from others loss. options trading is a zero sum game.
maybe you can say same about about stocks or futures who knows. options also offer an important tool for managing risks like insurance. so again here im trying to attach some judgement to numbers which are amoral. I guess I just don't want to be part of something that causes so much emotional and mental violence anymore. I want to build and help create ease for others.
Ah, that's a sad story. I hope the person is ok; gambling debt of any kind can really mess with your head.
I don't think stocks are zero-sum. If I buy a share of AAPL and hold onto it for a long time, Apple wants me to make a profit because that means that they're making money too. I have completely aligned my incentives, and Apple can, at least in theory, keep growing and creating value by producing products that people like and are willing to trade their time and labor to get. I guess if you want to be really pedantic, it's zero-sum in that there is technically a finite amount of labor being done per-unit-time on planet earth, so I suppose that's the ceiling, but I think it's not zero-sum until it reaches that ceiling.
I guess the intent also matters...like moralism is pretty shaky here i see
You can buy AAPL puts months before earnings as insurance....if you buy stocks and believe in the business fundamentals to help unlock more potential then that is a legit use.
i wish i had more positive experiences with the market. i feel like its a reflection of your inner world.
Yeah, I bought Gitlab when it IPO'd because I agreed with what they were doing. I felt they were making a product that's competitive with Github, and also were allowing me to run it myself if I wanted. I thought that was cool, I was glad to see they got big enough to IPO, so I bought a few shares.
I've lost about half my investment there, which if I'm being honest does makes me a little sad, of course I would rather have more money than I put in, but at least I think I doing the intent of the stock market. I think that the initial goal of the market was to enable people to invest into companies that they actually believed in, not to buy and sell shares a million times a second, or to buy and sell speculations at the same rate.
> not to buy and sell shares a million times a second, or to buy and sell speculations at the same rate
What this does is provide liquidity, meaning one can buy and sell at any moment. Contrast this with investing in houses. It's not liquid at all - even in a smooth transaction, it can take a month to close. Houses can sit on the market for months or even years looking for a buyer.
The higher the liquidity, also means the more accurate the valuations.
now that i experienced the exact thing he experienced, im just done with trying to make a buck from the markets because the profits come from others loss. options trading is a zero sum game.
maybe you can say same about about stocks or futures who knows. options also offer an important tool for managing risks like insurance. so again here im trying to attach some judgement to numbers which are amoral. I guess I just don't want to be part of something that causes so much emotional and mental violence anymore. I want to build and help create ease for others.