Greedy people do not give things away for free. The 1% are a perfect example of greed and they hoarding ridiculous amounts of cash. As opposed to paying their employees a livable wage they buy back their own stock to artificially make the price go up. Last I checked $1.1 trillion in stock buy backs and growing. This artificial value of "bought back" stock makes their investors more money so they can hoard it like Scrooge McDuck. Rinse, repeat.
Google and Facebook don't really have a product to sell you; they provide most of their services for free. As we learned earlier in the post, greedy 1%ers do not give things away for free, they collect your behavioral data and sell it to the highest bidder. Which brings me to my main point, I suspect these brokerages are collecting your trading patterns and selling them to the highest bidders. Your trading patterns are plugged into a HFT algorithm and designed to create fear and anxiety and take your money. Secondly, if they change their price to $0 commissions they want you to make lots of trades. Most retail investors only understand how to go long or buy stocks; they are uncomfortable shorting the market. The 1% want you to buy artificially valued stocks while they crash and they also pay for fake news to make the company look strong. Third reason they are changing to $0 commission is to hold your idle cash and lend it out at a higher rate than they give you; a much higher rate. Schwab has a very large banking operation and they want to hoard your cash and lend it out to make more money. When I see $0 commission I see desperation not value.
Our Federal Reserve system disperses dumb bets from our greedy 1% friends to the American public via inflation and bailouts. The 99%, or you and me, are left holding the bag from failed attempts of being more greedy or bad bets. Our financial system was built by the 1% to benefit the 1% via taxation. When they are giving you something for free that has value don't be fooled, you are the product. They are selling you to the highest bidder while they take your money via HFT. Our government and financial system is corrupted by money and they are shitting on us.
This election cycle is not about left or right, it is about right and wrong. What is being done to the 99% by the 1% is wrong. I am a capitalist but I also have a good moral compass. Our financial system is morally wrong. How would you fix it?
Lastly, since the stock market is 100% manipulated by stock buy backs and the creation/redemption process in the EFT market I suggest using the CICO Report in the public indicators on Tradingview. The CICO measures the running sum of new money into and out of the stock market. Don't let the fake news about trade wars and impeachment run your portfolio, be logical and use math.
I have no affiliation with any financial or news organization. I am just a pissed off American that rejects this greed and corruption. I hope the CICO helps you make money. I want to you take as much money as possible from those greedy dickheads.
You said a lot. I don't agree with everything you said but you're mostly right. Ignore the news. Follow price/direction. Price/direction is the one thing that's not going to lie to you... it just prints on the chart. It's like true or false, up or down. Take a look at some renko charts to gain a better idea of price direction and stick to a simple strategy of following the direction.
Johnny_Nickles
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@gghsusa, very good suggestions about trend following, thank you
nilosedge
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"How would you fix it?" there is an easy fix that no one want to do, and it's why the 99% are where they are. They borrow money (Credit Cards, Student Loans, Cars', Houses, etc) stop borrowing money and giving the 1% your money (interest). This would send a SHOCK wave through the economy and the government would be forced also to stop borrowing money at the expense of the tax payer, which is also making the 1% richer.
Johnny_Nickles
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@nilosedge, this is a very wise perspective and I agree with you 100%. I enjoy paying off my credit card every month and collecting money from JP Morgan.
real-crypto
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I find it odd that people complain about the system yet still want to be involved? If you people think the system is rigged and are still playing it's your fault if you lose money! Welcome to trading. In trading, you are 100% accountable for your actions, not the FED, not the elections, not inflation, not bailouts.
HFT is real, it's out there, but they make money based on trading thousands of times per second, not by making you miss out on your position, if you buy and sell immediately that is YOUR fault, not theirs. You may pay .01 more for the position though.
By continuing to stay involved you are complicit in the entire thing! Walk away, go home with your money and just buy real estate! But no, you continue to stay here, hoping YOU can get rich! There is no difference between you and them except they know the game better, are more disciplined and make money! People that bitch and complain just want the results but don't understand what it takes to be successful. You would not be complaining if you were the one making money.
Zero fees is a result of Robinhood and the large brokerages listening to the market before they get rolled over. Now that all of the brokerages have moved to zero fees there are no companies that have an 'edge' over another, not really. If they sell data, which they might, then it has been that way and will be that way, no change.
Don't feed the idea of the victim that most traders have, they need to be strong and if you know about the manipulation, then make a strategy based on it! Don't bitch on a forum, ACT.
This post isn't aimed at the OG poster, just for those that want to bitch about "manipulation".
Johnny_Nickles
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@real-crypto, thank you for your input to this conversation. I have made money in real estate; much safer investment but incredibly less liquid. I do not participate in the markets anymore, I took every penny out of this rigged game 2 weeks ago. I agree with you on your point about accountability; I am responsible for my actions. I would rather not play a game when the competitor is cheating.
My purpose and mission on Tradingview is to help the retail investor with information, indicators and strategies to take back their money from greedy dickheads that manipulate the market. Money hoarded by 1 person is dumb when 99 need it to survive. Stock buy backs are dumb. Low wages are dumb. If the 1% truly wanted to make more money they would put that money into the hands of the 99%. We spend money, 1%er's hoard it. A strong economy is one that cycles money freely. A dumb economy is the one currently in America.
Our economy can be explained like this; there are 100 people standing in line to get food. 1 person takes half of the entire food supply leaving the second half for the 99 remaining people in line. On top of taking half of the food supply that 1 person forces rotten apples (failed bets) to the 99 and makes them pay for it(inflation, bailouts). This example would not happen in real life because the 99 people would pummel the 1 person for being greedy. Pitchforks.
MysticBlubber
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@Johnny_Nickles, if you claim to be a capitalist, and this is how you think, I suggest revisiting what is capitalism and if you are a capitalist.
Johnny_Nickles
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@MysticBlubber, Ethics and capitalism can belong together; our system neglects ethics.
real-crypto
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@Johnny_Nickles, thanks for the reply. I generally agree with you, however I don't think stock buybacks are 'dumb', I do think that the mandate that Corporations have to 'only value the shareholder' is a major issue. If we can have companies value people over shareholders then things would be different although I can't say how different.
There are some companies out there that appear to be doing the right thing but they seem dwarfed by companies that just hoard cash like it's a game. Sure have capital to do acquisitions and do what you need to do but IMO I do think if your company is successful they should do some cool bonuses to thank the people doing the work. We just don't value people anymore, even though we think we do.