I know I am going to get ridiculed for such a bold statement but the stock market to me seems alot about LUCK.
Now I have a beginners knowledge of the market but isn't the price set totally by peoples perception of a stock. In reality why does the price have anyhting at all to do with the actual companies earnings (I know it does) but isn't it just basically supply and demand and if that is the truth than why does a stock HAVE to go up
If more people want to buy this stock than want to sell it, than the price goes up. Unlike sports where there is a winner and loser on a actual event, the stock market don't really make sense.
Just seem total gambling to me. You see these so called analysts on these shows every nite and they are highly educated people who are trying to guess if more people want to buy than sell or whatever they are trying to do. What makes them any different than a sports tout.
I just can't get a real grasp of this and I am becoming less and less convinced this isn't mostly a complete gamble.
I would love if someone can really convince me and change my feelings. I have about 10k in the market (mostly mutal funds) and am thinking of getting out (I know it goes up long term and I still think it will).
I 100% beleive sports wagering is a way more skilled profession. At least I can see the reason for my winning wager.
Now I have a beginners knowledge of the market but isn't the price set totally by peoples perception of a stock. In reality why does the price have anyhting at all to do with the actual companies earnings (I know it does) but isn't it just basically supply and demand and if that is the truth than why does a stock HAVE to go up
If more people want to buy this stock than want to sell it, than the price goes up. Unlike sports where there is a winner and loser on a actual event, the stock market don't really make sense.
Just seem total gambling to me. You see these so called analysts on these shows every nite and they are highly educated people who are trying to guess if more people want to buy than sell or whatever they are trying to do. What makes them any different than a sports tout.
I just can't get a real grasp of this and I am becoming less and less convinced this isn't mostly a complete gamble.
I would love if someone can really convince me and change my feelings. I have about 10k in the market (mostly mutal funds) and am thinking of getting out (I know it goes up long term and I still think it will).
I 100% beleive sports wagering is a way more skilled profession. At least I can see the reason for my winning wager.