Comments by "Jason Dashney" (@jasondashney) on "TradingCoachUK" channel.

  1.  Dennis  Not at all. It's completely incorrect. If you think these big firms all sold out at the very top and didn't suffer massive, massive losses because they drunk their own Kool-Aid you're mistaken. When billions of dollars of shares drop through the floor it hits everybody really hard. It hits the rich way more than the average joes but the rich are lucky enough to have enough cash left over that they are still wealthy at the end. Doesn't mean they didn't lose boatloads too though. When stock prices drop, the "money" literally disappears into the ether.
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  2. That's an awful way to look at it. You wan to punish someone today because of something their granddad did? That's hateful and mean. If your grandpa beat up my grandpa and stole his wife, do I get to beat you up now? That's just insane. How far back you want to go? Are you personally responsible for something someone decided 200 years ago? Thousands?
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  3. Trudeau said budgets balance themselves. That's even worse. Markets DO correct themselves eventually (the bad times don't last forever and in fact provide awesome buying opportunities), but once you blow a budget it's blown. Period.
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  4. Thank you! At least one other person on here isn't bitter. Today you can learn all this stuff for next to nothing. I guess whining about your pathetic life simpler.
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  5. At least back then money was backed by gold. Now? And bitcoin is even worse. It only exists on hard drives.
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  6. Moral indignation is jealousy with a halo - HG Wells.
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  7. 1929/1930
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  8. Why do people keep saying this? It's absolutely fundamentally incorrect. If you have 5 dolls and someone offers you $20 for one and you sell it, then someone else offers you $100 for another because they are extremely rare, you now have $120 and 3 dolls left, each currently worth $100. Then someone finds a warehouse full of those dolls and now nobody will buy them from you for more than $5, you just "lost" $95 of value on each remaining doll. That's exactly how the stock market works. The losses are very real.
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  9. A company goes public so that it can have access to investor's money which allows the company to expand and grow. Then the investors and buy and sell the stock as it becomes worth more as the company grows. That's literally the opposite of a ponzi scheme. The actual business itself grows and creates real value. That's different from just finding new people to sucker and literally just take their money.
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  10.  @JoostEurovisionFans  C'mon man, you said you want everyone to learn the names. To what end? How about just teaching that some industrialists and bankers were/are awful people? The only reason to name names is to make people today suffer for the sins of the father/grandfather.
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  11. So you are saying you can't make a living on the market? Methinks you can.
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  12. To me it's going to be a giant buying opportunity. If you know what you are doing, dropping stocks can be a godsend.
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  13. 47:00 Well, this documentary clearly came out before Sept 11/2001 Update: he's referencing the sub-prime mortgage crash. I guess I was wrong.
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  14. Today for extraordinarily cheap, often even free, you can use the internet to find out everything you want to know about the markets and how to make money. There's no excuse to not try to be one of those people who make it rich. If you're blaming your current poorness on the fact your grandpappy wasn't a stockbroker who rigged the game, then it's just your bruised ego talking about your own failures.
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  15. That's not even a little bit true. When a stock crashes, that built up wealth literally disappears into the ether. Take off the tinfoil hat. When major companies go down, the high ups lose absolute fortunes.
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