Don’t Be Fooled by These Trading Apps

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Wall Street’s carnival games. Step right up, step right up, sir. Be a trader. Download an app and you too can be rich, I tell you. Yeah, I laugh. I can’t remember back when I was younger. We had a fair, Altamont Fair in our town and they would have the carnies and the games that were there. And we knew we knew that most of those games were fixed. Now.

You’re an adult, right? You’re smart, okay? I’m not, know, come on, don’t sell yourself out Fredo Corleone style. I’m smart, I’m smart, I need respect. Well, if you know a game is rigged, you know a game is rigged, you know that they’re gonna get you, you’re gonna lose. Why do you play it? A quick sub-reference, I keep thinking of that movie, War Games, which great 80s film, you know?

talking about the computer, the AI, and it realizes that nuclear war is not a good idea because nobody wins. In this case, somebody does win, it’s just not you. All of social media is a flutter and people are angry and they’re shaking their fists about how this is not fair and that’s not fair and…

naked short selling and FINRA is going to be changing the rules and what they can disclose when it comes to various different loan balance. mean, people, nothing new. There is nothing new about this. I covered this extensively. This was back in 2005. 2005,

Well, they were putting together a big expose on short selling, naked short selling and how companies are manipulated. And once Wall Street found out, now you got to understand Wall Street spends a lot of money on advertising on all these major networks. Yeah, they ran the piece, they ran it on a Sunday evening in August when they knew nobody was watching, talking about all the issues with naked.

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short selling. Now, if you’re not familiar with what naked short selling is, no, no, it’s not. Rated R, okay? What it means is that when you short a stock, okay, this means you are, you think something is overvalued and it’s going to go down, so you’re going to short it. So what you do when you short a stock is you borrow the shares. Yeah, you borrow the shares and whatever you borrow, you have to return. So,

What you’re hoping is, is that you borrow the shares, you sell the borrowed shares, stock goes down, you buy it back at a lower price and then return them. And then you make the difference between the two. See how that works? Well, anyway, naked short selling is when you are selling something that you didn’t borrow. And this happens all the time. And this played a part in some of the meme stock crap.

And then again, people getting all bent out of shape that it’s not fair, it’s not fair, it’s not fair, it never has been fair. It never has been fair. So why do you participate in this nonsense? It makes no sense. Like I said, it’s like some ridiculous carnival game for crying out loud that you keep playing and you keep losing. I don’t play this nonsense.

I know it well, I understand how traders operate. I know how they can pick off various different stops that are out there. It was funny, they actually put this on Fox Business. You had a former Citadel engineer on trading. The game is not fair and it never has been. Individual investors, even when operating in a swarm, are destined to lose. How do I know? I helped design the game. So why play?

You don’t have to trade to be successful, okay? Be an investor. Be an investor. Trim positions as they go up, rotate various different asset classes, understanding valuations. Don’t be looking at your phone every two seconds, oh, I’m gonna trade, I’m gonna, you’re gonna lose. You will lose. There’s a right way.

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and wrong way of doing things. If you think you’re gonna beat those guys on Wall Street, you’re crazy for crying out loud. They almost took down a global economy and they got bailed out by the taxpayer. You think that you’re gonna beat them?

Be smart, people. Watchdogonwallstreet.com.