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but i thought there was less risk in the securities market because you are allowed to do research and such
whereas in a casino you go in on pure luck
Before you play poker you study the actuary tables, so you know with the hand your dealt what are the odds of getting a needed card to make a straight. Before you increase your bet, you know the odds.
Before you play Black jack, you know the odds of staying under 21 when your holding 16. As the game is being played you are counting how many face cards have played out, so you know exactly how many face cards are left in the dealer's deck.
It is still gambling, but you must do the research, know the odds, and count the cards. to increase your chances of winning.
A sap who walks into a casino knowing nothing, is doing it purely on luck. A gambling combines luck with skill.
A day trader does likewise.
What everyone is saying is that overall, your odds are about the same.
If you study, research and really closely pay attention; you can, for a moment bring the odds in your favour. but the rest of the time, you will lose.
You can not escape the basic fact that it is still gambling.
With every trade someone is losing.
If you did 10 trades, at least 10 traders lost.
Did you gain on 6 of them?
The house is the only consistent winner.
When you trade through a broker, the broker gets a commission. Whether you win or lose, he still wins.
Is there any possibility of making a small fortune on the stock market in a short time
I am not specifically refering to this current depression, just any regular day in the markets
I am told that I need to first raise 100k to spread over a wide assortment, and then wait for a few years for dividends, and value to grow?
Does it really take that long?
It's possible, in the same way it's possible to win at Vegas or Atlantic City. (The analog to the 'security' mafia at casinos, unfortunately, is a far less understanding mafia: the Internal Revenue Service.)
Risk is generally commensurate with rewards. If people knew a sure way to turn a small amount of money into a fortune, they would do so. They would then probably not be here, because people get greedy and enough is never enough, so they would keep pushing the button until they found a way to lose. If you want large rewards you must generally take big risks. If you take big risks you must expect some not to pay off. You can play it smart and help your odds a little, but if you go up swinging for the fence you have a good chance to strike out.
Is there any possibility of making a small fortune on the stock market in a short time
I am not specifically refering to this current depression, just any regular day in the markets
I am told that I need to first raise 100k to spread over a wide assortment, and then wait for a few years for dividends, and value to grow?
Does it really take that long?
It is possible, but it takes most traders 5 to 10 years to become profitable and most give up before they get there. I would not start with 100,000 as you would probably lose it all as a beginner trader. Try paper trading there are plenty of brokerage's that let you open up practice accounts. Even if you do good with a practice account does not mean you will make a lot of money. Once you are trading with real money your emotions come into play which is what end up killing most traders.
During the 90's getting a house with minimal down payment and low initial payments that was rapidly inflating in value was the get rich quick ticket. That is why we have the current crisis. Houses were chips for the gamblers and were being sold for much more than their absolute worth.
Better to take your investment cash and go to a casino and keep doubling your bet on Black at a wheel. The odds of a win doubling your money are 48% as are the odds of a loss. If you do make a win that doubles your bet, remove half and continue playing. When you run out of those winnings, leave. Don't ever expect that casino, or any other, to ever let you gamble again.
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