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submitted 4 months ago* (last edited 4 months ago) by starman@programming.dev to c/technology@lemmy.world

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Also, interesting comment I found on HackerNews (HN):

This post was definitely demoted by HN. It stayed in the first position for less than 5 minutes and, as it quickly gathered upvotes, it jumped straight into 24th and quickly fell off the first page as it got 200 or so more points in less than an hour.

I'm 80% confident HN tried to hide this link. It's the fastest downhill I've noticed on here, and I've been lurking and commenting for longer than 10 years.

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[–] iopq@lemmy.world 0 points 4 months ago (1 children)

If it's providing games of skill like online poker, it's actually a very intellectually stimulating game. People have made a ton of instructional videos and many books on the poker variations.

After playing poker professionally I was able to leverage the skills of bankroll management and emotional control to become successful in investing in the stock market.

I held all of my stocks through the entire pandemic to rebound from a loss over multiple years holding tech to a $600,000 profit by buying at the bottom. If I hadn't played poker I probably wouldn't be able to stomach looking at a six digit loss in 2021. I only sold my bonds which I used to buy more stocks at a cheaper price (which was the point of the bond allocation)

[–] coolkicks@lemmy.world 0 points 4 months ago

I used to be in credit risk for a very large stock market company.

Calling the bottom of the market is the same as betting big and getting 21 in blackjack.

Super cool when it happens, but not skill. The number of grown men I had to hear crying because they were dollar cost averaging down to the bottom until they went broke still disturbs me.

I’m happy this worked for you, but it was not skill.