8.10.2017

Form a wall

So.

Group buys. 

I've been hearing about it being discussed a lot recently. For the uninitiated, it means that someone will tell a group of people to buy at an identified support. Like a wall. 

In the NBA, it works. As seen here in this video clip below. Turn up the volume to hear the coach tell it to his players.



Defenders literally just made a human wall to impede the person who is inbounding the ball to see the person he's going to pass the ball to. Easy. 

Now, in the stock market, it's a little bit different and sometimes doesn't work. Let's say the people involved in the group buying are the nova corp ships in Guardians of the Galaxy. 




When the 'leader' of the group says, let's all buy at this price to support our beloved stock! 

We cannot let it fall! 

We will support it as only we can! 

They will form a wall, like this:


Pretty impressive huh? 

But in reality, if Ms Market really wants to break supports, IT WILL BREAK SUPPORTS.

The wall that they built can come crumbing down with just a simple selldown.


And what happens to the people in the wall? 

Instant investors or 'ipits' just like the unfortunate pilot in one of the spaceships. 


So. 

Going back, group buys. 

Obviously I'm not a fan. We do not advocate it in the tribe. It only appears that way sometimes because we all follow one system. And in the unlucky instance that we are unwilling members of a wall, we know how to eject or cut fast to lessen the risk. 

*I admit this could have been better executed by Money Growers with one of his patented videos + dubbing. 

8.03.2017

Internet advice


There has been a disturbing trend of people asking for advice online if they should keep holding to a losing position. Most of the advice given is the usual mixture of the following: 

a) It's just a paper loss. It's not really a loss until you sell. 
So, don't sell. (genius logic)

b) Average down or peso cost average. The price is going lower so you can buy more shares. (unli-money mode)

c) It's ok, I'm currently down as well. Let's hold it until it goes up again. (hopefully in the next month or year. Or years. Or decade.)

d) Cut your losses and start again.

Now, who do you think will the fellow asking advice will follow? Sadly, most of the time, it's either a, b or c. Why? Because it's the one where they do not have to admit that they made a mistake. 

Don't get me wrong. There are some people who would give genuinely good advice for these lost souls but they are a dime a dozen. And sometimes their voice gets lost in the sea of people giving false hope and wrong advice. Sorting through all the bad advice will take a lot of time and effort. 


Remember everyone, the internet is dark and full of terrors. There are a lot of wolves in sheep's clothing. Just waiting for you to show weakness and they will pounce. 

The said people asking for stock advice in FB groups remind me of people who fall victim to online photoshop trolls. Here is an example:



If you want to see more, go to this site: Photoshop Troll 

If you know anyone who "needs" photoshop help. Send them to this site: http://www.photoshoprequest.com/ That's the site where they get their victims. Enjoy!