Stock market is complicated and it can be difficult to plan for the profit. You can't time the market and make profit. There are countless theories and the charts that people come up with and try to imagine the results but often those theories don't work if there are people who make random buy and sell in the market.
For example, someone tells you stock works like this in and that out pattern. In short it takes some calculative approach to make this happen. But unfortunately that does not happen with the stock market. One news can change the results of the market. e.g. During election results, the market has the sell time and a lot of people exit. And some even buy making the loss happen to them when they don't understand things about market.
Let's talk about how someone's loss is another person's gain.
I remember there was one Telegram group where there was one fake influencer in the stock trading was giving daily tips. Like which stock to buy and when to sell etc. He used to make predictions in every class. Like say you are batch of 2023, you'd be getting specific portfolio. You are batch of year 2022 you would be getting list of different portfolio.
Like this fake influencer was building his profile of the stocks. And singapore's stocks were manipulated with bulk buy like this. And these people were simply managing the movement of the stocks. And if only such stocks were to be making any serious and strict move it would have been easier. But the way stock traders manipulated it they handled it through such courses and telegram groups.
One day however the day came and serious events happened.
- Influencer told the people to buy some XYZ stock. And at very high numbers.
- The stock price increased in matter of hours. So much so anyone who bought at low price would have been in a profit.
- Influencer exited the market by dumping all his stash at that particular day. It must be a very high profit.
- In a matter of few hours, he closed all the telegram channels. And then made the account deletion request too.
- As each class had paid through different accounts he made the exit of those bank accounts too.
- All the students who invested ended up losing the money. And the influencer left the nation already and made the bank closure request too.
In short the students and the people who trusted him, he kind of dodged on their hopes and dreams. And in short it was a planned trap and not really a scam as it was pump and dump trap where most of the cryptos work as well.
As you can see stock market works on the concept of your trash is my treasure and when I want treasure, I'd make you invest into the trash. Your loss is my gain. And if you think otherwise then you are being sold the dream of long term wealth building by these influencer.
Indeed, that is how speculative market work in general. For that reason I only invest in what I believe and when I am ready to hold to zero.
I fully understand the perspective presented. Investing in the stock market can be incredibly challenging and unpredictable. I agree that attempting to predict the market or follow influencer advice can often lead to disappointing results and even significant financial losses.
The example of the fake influencer is a disturbing reminder of how some individuals can manipulate the market for their own benefit, at the expense of less experienced and less informed investors. These schemes undermine the integrity of the market and erode investor confidence.
It is crucial to acknowledge that the stock market is complex and fraught with uncertainties. While there are opportunities for growth and financial success, it is essential to approach the market with caution, conduct careful research, and seek guidance from reliable sources before making any investment decisions.
Therefore, I fully agree that it is essential to be aware of the risks involved and to adopt a prudent and realistic approach when investing in the stock market.