The thing about the stock market that bothers me.

We already agree completly that once we redefine "gambling" so as to no longer be limited to a "game of chance", then gambling can include anything we want it to be.

Cheers.

 

No need to redefine when you can use widely accepted definitions, like I did: Gamble = "take risky action in the hope of a desired result".

Salud

You in Bocas Del Toro?

 

Wait a sec, this doesn't make sense. You can't possibly be saying that any time a computer is used that suddenly no people are there. I mean, like that would be saying that your posts don't come from you but rather they come from a "COMPUTER!!!!"

 

~ A sense of humor is a must in these political websites ...

 

exactly, the penalty for taking this stuff seriously is swift and severe.

 

Yeah, my heart goes out to those poor impoverished Rockefeller kids out on the streets begging. Same w/ the Kennedy children and those Fords--

NOT!

The big whine we always have heard from the Marxists is the same rich families keep running the world decade after decade. Let's face it, while there are some family fortunes that get squandered the general trend is that rich, smart, healthy parents leave rich, smart, healthy kids.

To tell the truth my own research has it as being very controversial. There are a lot of eggheads writing up impressive studies on rich parents/rich kids, and at the same time there's a lot of "ain't it awful" coming from CNN, NBC, etc. My own understanding has to do w/ the fact that high IQ parents have high IQ kids. There's really no way around that. High IQ kids do well in school and college grads make twice the money that non college kids make. Same w/ values. Religious parents spawn religious kids.

One other thing is that in general succeeding generations live better. People in the 21st century live longer, have better medical care, are smarter, are better educated, than those of the 1800's. We can even see it over a 30-year jump.

 

It used to, in real life. Why not now?

 

That is EXACTLY what I mean.

Machines are driving Wall Street's wild ride, not humans

https://money.cnn.com/2018/02/06/investing/wall-street-computers-program-trading/index.html

The Dow fell nearly 1,600 points at one point Monday, before recovering more than 400 points to end the day down 1,175. On Tuesday, the Dow opened down 567 points, then raced to a 350-point gain shortly after.

"A machine is making a decision based on the fact that we reached a level to buy or sell," Hogan said. "The problem with that is everyone's algorithms are pretty much the same, they key on the same trigger points. That's causes really fast momentum swings."

It's not that humans didn't play any role in the stock market's moves. A stronger-than-expected wage increase in Friday's jobs report led investors to make trades based on the assumptions about what that might mean for inflation and the Federal Reserve's actions going forward.

But once they gave the stock and bond markets that initial push, the computers took those initial moves and ran with them.

"It becomes self-fulfilling cycle, and you see this whipsaw action," said Hogan. "For the most part it's the machines taking over."

 

It's true; they do live better- but at the same time, most who do that do so on the platform built by those who came before them. IF the larger social support platform falls apart, a substantial number of people would find themselves unable to manage life, unable to take care of themselves with any degree of success. And while IQ may tend to be somewhat genetic, wisdom, understanding, self-discipline and plain old and savvy are acquired qualities, and you can have a high IQ yet be absent most of that.

There's one thing that is consistently true, and that is that kids have a window in the first few years where they learn very, very rapidly. And they learn by observations and imprints created by the way those around them ac- they are gathering basic programming. It can be very god- or very bad, but they will mostly be stuck with it. The best equipped kids in each generation will be those of the parent with the best values, the best relationship skills, the best character. If those things aren't done well in the first few years of life, the effect on the kids will last all their lives. This is in part because education starts at birth, and class is open everyday. It's not just something that comes from schools, and there are things you can learn from wise people you will never get in school at any level. I'm saying that the best society will be the result of the best qualities in it's people. We're not recognizing the value or need of that very well.

 

~ Sadly it appears the West is dumbing-down – with USA is leading the way ...

 

OK, Mr Computer, pleased to meet u --and here all this time I thought I was chatting w/ a human!. Question, when is your owner going to turn u off and replace u w/ a newer model?

 

Because that world no longer exists. Ironic we are having this discussion using modern technology!

 

You're missing the point. Many of the stock trades are being done automatically by computers using algorithms, SANS humans.

 

Markets settle on prices organically because of human interaction determined by supply and demand, human perception, etc.

When you let a computer do it, the results might not be what they should be if it were humans doing it.

That's the point.

It's the precise reason that in the military, for any drone to execute a 'kill' a human has to be in decision chain.

For the same reason, it is my belief that computers should be removed from making stock trade decisions.

 

That is simply not possible. In the old days, people had to wait for the morning paper before they panicked and sold off. (Locking in their loses) Information is available in real time on everyone's phone. How would you solve that?

 

Maybe you and I can agree that your posts came from you and the fact that u used a computer means nothing.

How about you and I agree that if the trades make profits that the profits will go to the people that initiated the trades (using the computers), and if the trades don't yield profits then they will stop regardless of what the computer may prefer.

 

we can take computers of trading decisions. Jut go online and make the trade, manually

 

No, I'm saying that automated computers deciding trades should be stopped, and humans should make the trades.

 

That's interesting, and if u were king of the U.S. then maybe you could bring that about.

Meanwhile life goes on and things change. A short time ago my son-in-law was trying to buy a video card and the problem was that every time the cards went on the market some bot was programed to buy them up & resell them and higher prices to others. My son-in-law did not whine, he just programmed his own bot & bought a card at the price he wanted.

If you honestly think that that the bots are scarfing up YOUR money then u can go & program ur own bot like my son-in-law did. It's called "living in the 21st century". Me I don't have that problem because I know that EVERYONE has their own time frame, their own financial goals, their own risk tolerance, etc. etc. When I post a trade it's what I want and I'm happy about it.

I do notice that when I post a limit trade it usually it comes in a few hundredths of a penny in my favor. This is the result of somebody's bot snatching up my trade. Nobody knows now, and only time will tell if the bot made the right move. What I DO know is that my trade got me more money for MY pocket & I like it.