Why the Stock Market Lost $1 Trillion for 36 Minutes
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- čas přidán 22. 07. 2021
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Video written by Adam Chase
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My theory is that the brick industry caused the flash crash
it was bananas
Sir you weren't allowed to say
He knows.
(7:&;9,
When BigBrick crushed the stock market.
I've officially given up on the idea that I'll ever understand the stock market.
same
It's one of those things you can't learn by studying or watching videos. Go buy a cheap stock, hold it for a few days and then sell it. A lot of things should become pretty clear then.
@@TriNguyen-he7xk that's the thing. There is nothing to understand. It's all insanity.
Just learn the fundamentals 1st, something like future trading or hedge funds
buy low sell high
It is really reassuring how the entirety of the world depends on what seems to be a convention of faulty scalper AI
"depends on" is a strong word. Companies don't go out of existence because of the stock market. It's just that we love to give attention to the stock market.
It's full on global scale legal gambling my man, we are absolutely going to give atention to it, it is a pretty metal system if you concider it ok a vacuum
But yeah, seriously tho, the stock market isn't that big of a deal most of the time
I mean, it does affect a lot financially, but if the stock market suddenly crashed super hard, people wouldn't instantly starve. People in and associated with the market would by and large become poor, and we might get some improvements to welfare to support them, but it wouldn't be the end of the world. Which is good, because it really is fragile much of the time.
@@aleattorium Yes companies absolutely do go out of existence because of the stock market, it's called a recession, the worst of which can actually immobilize physical assets and labour causing litteral famines and mass unemployment despite the physical part of the economy still standing (until the economics catch up with reality and foreclosures actually happen) like during the Great Recesion for example.
fr
Wendover productions title : the incredible logistics of losing 1 trillion dollars for 36 minutes
Not first
Not second
Not totally "here"
@goldie “bendover productions” sounds like a pornhub channel
Not seventh
I love that a 5 second pause fixed it all
it didnt fix anything. its all imaginary. gambling at its finest. rug pulls. billionare tricks.
@@jamesbaron7057 people will bring the craziest theories and conspiracies to explain something because if they actually wanted to learn about it, it would take them years of studying and understanding. It’s like “moon is a giant lamp made by aliens” somehow feels more intuitive than to actually try to understand why it even exist in the first place.
@@jamesbaron7057 proof?
@@mr.sniffly5297🤓
@@mr.sniffly5297source: trust me bro
Opinions diverge; some claim overvaluation due to rapid gains, while others cite strong economic fundamentals justifying high valuations. Raises concern for my $600K equities going 8% up and 20% down. Should i hold on or sell off my positions and hold cash?.
It may be a good idea to speak with a financial advisor who can help you develop a portfolio based on your individual goals and risk tolerance.
I do agree, Investing has gotten difficult especially after pandemic, hence why I decided to use the expertise of an advisor, my spouse kicked against the idea initially, but oh well guess who's best buddies with our advisor now hehehe.
Glad to have stumbled on this comment, I will like to give this a try. Please who is your advisor and how do I get in touch?
ANGELA LYNN SCHILLING' is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
I'll never forget that day. I was working overseas so early morning where I was wound up being fairly late in the trading day. When I first checked in the market was down pretty bad but nothing scary. I went to make some coffee and when I got back to my screen just a few minutes later we were down 1,000 points. Total wtf moment. Probably the only time I literally rubbed my eyes and squinted to make sure what I was seeing was real.
Biggest takeaway from this is the fact that Snoop's real name is Calvin
I was also surprised by this fact.
droppin like it's hot
I wonder if he used to hang out in the woods with a tiger.
wait really
i thought his name was dogg?
@@elijahfordsidioticvarietys8770 did that tiger team up with a gov agent named Shaw
The literal definition of: "Have you tried turning it off and back on?"
It was caused by one person: Navinder Sarao
In spite of how everyone is frightened and calling the crash, there is already an excessive amount of demand waiting to absorb it, which is another reason it's less likely to happen that way. This forecast was not made in 2008, at least not by the general public, as I will explain below. The ownership rate peaked in 2004, according to the other comment. We reached a peak in the second quarter of 2020 and are currently at the median level. From 2008 to 2012, it fell by 3%, and in the second quarter of 2020, it dropped from 68 to 65.
Given that we are not accustomed to such uncertain markets, the fact that the US stock market has been on its longest bull run ever makes the widespread anxiety and excitement comprehensible. There are opportunities if you know where to go, as you noted that it wasn't difficult for me to earn more than $780k in the previous 10 months. Since I was aware that I would need a reliable and strong plan to get through these tough times, I engaged a portfolio advisor.
@@LionTowercoporation Who is the professional who is advising you, if you could perhaps tell us? As a novice investing in stocks without the correct direction of a professional, I have lost a lot of money.
Colleen Janie Towe, is the coach that guides me, you probably might have come across her before I found her through a Newsweek report. She's quite known in her field, look her up online.
She appears to be well-educated and well-read. I ran a Google search on her name and came across her website… thank you for sharing.
how on earth is this only a half as interesting video?! Especially the companion clip on nebula is stunningly good!
This is just one half of it😅 uve seen nothing yet
@@warrenarnold can you please link any resources that I could use to learn more about this topic?
I think I get where you're coming from 'this is a fully 100% interesting story', but it sounds like you're denigrating the channel. It sounds like "oh, only *this guy* made this video?" Especially since you're praising the Nebula counterpart.
haha ur just sam on an alt advertising for nebula
@@cheapshotninja This channel is the host's secondary channel - his primary one being Wendover Productions - which he started to post videos on topics that weren't of requisite substance for his main channel. I think this person was saying that they thought this topic was sufficiently interesting to be a video on his primary channel, not insulting him for being the one to present the topic.
So they programmed an AI to sell stocks over time but didn’t tell it to calculate price or time…
No they hard programmed a robot to sell stocks, without carimg about how quickly or for what price
⚪ SERCH ADITYA RATHORE, HE ALSO MAKES INFOMATIVE CONTENT LIKE HALF AS INTERESTING HERE ON U-TUBE⚪
No, they probably did. They just didn't program an AI that would collaborate with others. The CME also didn't program an AI that would create a Break for the stock market if there was no reason to it.
^ All hypothesis on my part
Bad take considering the video explained what the issue was and you just posted whatever you wanted. It's a pipeline issue with an AI that didn't know what to do with the data from the other one. We have POSIX and other protocols for this reason.
@@aratirao9007 bot
MSFT down 40k, AAPL down 35k, Draft Kings down 6k, NIO down 15K, AMZN down 8k, and my wife doesn’t know. I'm just hanging on to Jim Cramer's words about opportunities in volatile times so perhaps, I either wait for a recovery or pick profitable investments to substitute for my loss.
Same boat man, lost $230k in trading this pass year, regret a lot and have not told my wife.
There are quite frankly a number of ways to make high yields amidst volatile times, but such trades are best done under the supervision of a portfolio-coach.
I agree with you on having a portfolio coach, also patience is your best friend here. I'm a huge investor and cant afford to take the risk of investing by my knowledge, rather my portfolio is overseen by a license advisor, since late 2021 amidst corona-outbreak till date.I have made over $595k since then.
@@edward.abraham My partner’s been considering going the same route, could you share more info please on the advisor that guides you?
Camille Alicia Garcia, maintains an online presence. just make a simple search for her name online.
This is actually a great example how relatively rudimentary AI could harm us big time despite not being very intelligent. We give AI a goal to achieve, but dont know every edge case scenario that the AI could interpret in a way that leads to our demise.
That's not an AI. There is a difference in AI (which is a program that learns and progressively evolves over time and get better) and algorithms (who always are programmed by a human and will always behave in the exact same way).
Of course algorithms can be programmed wrongly and there can be situations that the programmers didn't see coming so that the algorithm will not behave correctly. That's a natural problem in computer science.
However, that has nothing to do with artificial intelligence and it's own problems.
@@Korne127 Artificial intelligence will have the same problems as it is not consious, just a complex algorithm
@@3c3k they are not "just a complex algorithm". AI learn itself. Only algorithm it has is for it to learn itself. This isn't relevant to the actual goal. We give it a goal, and they are trying to achieve it their own way. They might not cover edge cases, but they are much better than a prewritten logic made by humans that may have 100 times more holes in them than AI.
@@interstella0that's an oversimplification isn't it.
@Counting Stars thats literally how AI works. We tell it to do a thing, and it does that thing until it gets good at it.
Flash crashes are also the reason why stop-loss-orders are a kind of bad idea.
Stop losses are why “flash crashes” exist.
why i still like stop-limit-orders
why?
@@justpaperandstuff9908 When a flash crash happens and the stop-loss is triggered, the share is (usually) sold at any price. During a flash crash this might be very low and the drop is amplified. Also, when the share price goes up again, you don't benefit because the shares were sold.
@@tz8785 thank you
Maybe the real flash crash was the friends we made along the way…
$1 trillion dollars: *adios*
$1 trillion dollars: *bonjour*
I like your funny words magic man
"$1 trillion dollars"
If "$1 trillion" means "one trillion dollars" and "1 trillion dollars" means "one trillion dollars", then "$1 trillion dollars" means...
"One trillion dollar dollars"?
I got flashbacks to Bojack Horseman with that intro
best show
@@JL1009 most depressing show too
Back in the 90s…
@@Termina_ I was in a very famous teeeeeevee show
@@Pining_for_the_fjords I’m BoJack the Horseman, don’t act like youuu don’t know
That was a great day for me. I bought a bunch of calls near the bottom since I saw zero reason for the crash, when the market recovered it netted me a six figure return that day.
Call story tell me with some real facts
Well, lucky you.
@@Damo2690 Huh? Learn English so I can understand your comment.
Weird flex but ok
Wow
My guess is someone or multiple people made a lot of money from it, and not by accident.
Just follow the money... oh wait...
The guy who they blamed it on made heaps
That's for sure
“The wild ride of the 50M flash crash trader” from bloomberg quickie CZcams channel goes over another reason it happened
@@8stormy5 Things dont happen randomly and the public doesnt receive accurate reports of events that happen behind closed doors. Great examples are jeffrey epsteins death and denial of aliens until 2 months ago i believe. "The man" certainly gave a go ahead for both of those events to occur and those were obvious. Power is closely related to money
I love when our entire financial system can be crippled by bots trading with each other
more proof that the stock market is based on nothing real, and is a gambling ground for the wealthy & their hedgefunds.
@@alwaystired1 yeah but when line go up wooo!!!
@@arv7539 to the moon!!!!!!!! #notfinancialadvice #BUYCOCKANDBALLSCOIN
Idiots with tools are just as dangerous as idiots with power tools, the only difference is with power tools screw ups happen faster. Same thing with stock bots.
We didn't learn anything from runescape
That main explanation is basically just people panicking from herd mentality.
It also reminds me that no matter how many equations it uses, the world of finance could not be more detached from reality if it tried.
I will never forget economic expert Snoop Dogg.
Timestamp 0:24
@@trollrat2828 Send fax
Sam this is a great video, I didn't understand half of it, but the stock footage was cool.
Stock footage, nice
So it was Half as Interesting
@@Exc4Iibur wouldn't expect anything more
Hey don't worry man, as a day-trader, I barely understood half of it as well
Basically, some rich dude gave money away, some robots took all of it, then they threw it away because everyone had it. Since the robots threw their money away, real people threw their money away. Then some nerds were like “stop throwing money away!” and everyone stopped throwing money away.
Everyday, I pretend to understand the stock market
A perfect demonstration of how ridiculous the stock market truly is 😅
So all you need do fix a 1 trillion dollar loss is a 5 second break.
...left wandering whatever happened in these 5 seconds. Where the first humans placing orders within this short time?
@@danielrose1392 in this five second break, the HFTs were stopped from trading further. This showed where the lost money went and everyone understood the cause of price drop
"Stock market, eat a Snickers."
"You're not you when you're hungry."
Fun Fact: Calvin Broadus Jr. is actually not an economic expert, he's a rapper under the name "Snoop Dogg." Maybe with this bombshell, I'll get into the fact check video at the end of the year!
Oh my god you are so smart, you should totally try getting into Harvard
This is very well written, well played.
His net worth is $150 million. Would he be that rich if he wasn't an economic expert?
No you're lying it can't be true
Man, these guys sure do get the most out of their stock footage subscription.
This kinda shit is why when someone points to the stock market to tell me how "well" the economy as a whole is doing I completely ignore it. The stock market is 100% buyer driven and as we saw with this and the $GME boom (and any other pump and dump), you can completely alter the market if you have enough money or manpower, it doesn't actually have to be any kind of economic change.
The stock market is a good proxy for the economy because it goes up when people have disposable income which they can invest into it, and it goes down when people get laid off and need to sell their shares to pay their living expenses.
But it's not too good of a proxy for the value of companies.
How are these automated trading systems not required to log what they've done and why, a log which could be turned over to investigators when things like this happen? A simple "I sold this stock at this price because these conditions were met" which could be matched up with another system's "I bought this stock at this price because these conditions were met". The amount of data would be huge and you'd need automated data analysis to make any sense of it, but it would at least give the investigators a chance of coming to a clear, unambiguous conclusion as to what happened and why.
Probably because automated algorithm trading is still a bit of a Wild West.
@@attalan8732 they also like to claim their algorithms are company secrets. IMO they should have to disclose the entire operation of them to the SEC without NDAs being legal to apply.
[From "Flashboys" by Michael Lewis]
"In a paper published in February 2013, a team of researchers at the University of California, Berkeley, showed that the SIP price of Apple stock and the price by traders with faster channels of market information differed 55,000 times in a single day. That meant that there were 55,000 times a day a high-frequency trader could exploit the SIP-generated ignorance of the wider market... And that was only the most obvious way a high-frequency trader might use his advance view of the market to make money."
So if you're in the ballpark of 50,000 trades a day on a SINGLE stock, imagine how much data you'd generate in a single day's worth of high-frequency trading. These firms were holding shares for microseconds, fighting other firms holding their shares for microseconds, using codes so secret you'd face decades in jail for even borrowing a snippet. On early 2010's computers. Then add dark pools if you're at a major bank.
If you're the guy investigating it, it'd probably take you a lifetime to even find A) a likely culprit B) if that data was saved, the exact moment it hit the fan.
TL;DR: It just isn't practical.
@@filanfyretrackerWhy? It's not like what these algorithms do affects anyone else. Unless these algorithms do something stupid, in which case everyone else will benefit.
No need to regulate something which isn't causing anyone else harm.
That's not what happened.
An outdated and obsolete market order type still existed in the exchanges called the "all-or-nothing" flag (AON for short). It means that the person who is placing the order wants to the ENTIRE order to be filled or none of it, no partials. For example, if I placed a trade to purchase 100,000 shares of AAPL at 148.56, then normally I would only have about 10,000 fill before the price moved up a penny....and if it came back down, maybe I get a little more. But if I put that order as an AON, then what happens is market orders that would have filled to me are put in limbo until enough is built up to make the entire transaction....otherwise, if too much time passes (I think 5 seconds) or the AON is cancelled, the limbo market orders will advance to the next person in the list.
Well, with an error in the HFT bots, Navinder Singh Sarao found out that you can trick these robots into thinking that there is massive pressure in a specific direction. Basically, he placed an AON order for more than 10x the average daily trade volume below the price of the index. This made the robots believe that there is a party willing to sell a massive amount at a very low price....so what ended up happening is the robots were moving the market down to meet so they can pick up the shares at an extremely discounted rate. BUT, when the bots got there, Sarao cancelled his order. Now the bots had massively shorted their position in order to get down to that level and they needed to clear it, so they purchased what they could....at a loss as the market was squeezed back up.
Sarao was charged in 2015 for market manipulation.....I don't think it's fair because he beat the bots at their own game, but that's my opinion. If you don't program your robot correctly, you shouldn't be able to bitch and sue someone else just because you lost, that's my feeling on it.
How is that market manipulation but having millions of robots pre programed to buy and sell for firms not
@@idlx420 That was my point....the big guys didn't like being swindled, so they went after him for whatever they could. It's bullshit, but that's the game we play. Best we can do is making a little bit of money here and there and hope we don't get seen....if we start making too much too fast, then we'll be in a world of hurt.
It's sickening how much of our financial system depends on virtual bullshit.
@Noodle Danger you don't get it.
Virtual things aren't bullshit you literally are
Every single financial system is “bullshit”because humans relative opinions are what decide worth and not an objective formula.
@@GarlicPudding what an educated response
And if the wrong people 'lose' in one of these glitches the government will just give them free money to make up for it.
I- you've got me. My lemonade stand is now long gone. AnD yOu diD nOt bUy ThE LeMoNADE!
What
@@jonathandemiguel1458 it's a reference to one joke in the video, the one with the funds.
@@jonathandemiguel1458 watch the video
There's alway money in the lemonade stand!
🟦 SERCH ADITYA RATHORE, HE ALSO MAKES INFOMATIVE CONTENT LIKE HALF AS INTERESTING ON U-TUBE🟦
Imagine buying that dip and coming out double your money by dinner
Imagine doing short..
Me being a market s analyst already knew this yet I watched it because I don't know why I like the unhumourous humour of this logistical Sam from Wendower productions
There were a bunch of market stops at the beginning of the pandemic.
All I can say is that the number of calls I’ve had to handle about investments has exploded since then. If you want to be a financial advisor or broker, nows the time.
Most (half) interesting part: The 4x4 Jenga being played at 3:13.
Wtf it changes to 3x3 halfway up, too.
"that wasn't a mistake, I don't make mistakes" LOVE IT
He actually said: "I dont mack mistakes".
36 day no airplane video streak! How long can he resist?
Eminem has been real quiet after HAI dropped this rap at the start...
The old school Macintosh icons bring a smile to my face
What I like the most about the extra video on Nebula is that I can watch a whole 3 minutes and 42 seconds of 3 minutes and 41 seconds.
Pretty sure that the flash crash of 2011 was just a dude in wall street accidentally resetting the stock market because he thought it was his modem.
I would much rather have half as Interesting on Netflix than vox explained. They snaked the shit out of you
How so?
Vox sucks, they were responsible for the fourth youtube adpocalypse.
The second and third were already damaging enough
But um, Vox videos are very quality when it come to non-political thing though
I would take both
@@trunghoanginh3505 I won’t answer the question of whether Vox is apolitical, but I think that the topics that they do are kind of boring and that they tend to explain them in an incomplete way.
@@christianwhittall5889 I feel like most of thier video has a lot of effort in information research , and they explained very well about a topic. Like how it works, why, then solutions, with good animation.
“In the end”
Excelent!!!
It's good but took me a while. :D
🔴 SERCH ADITYA RATHORE, HE ALSO MAKES INFOMATIVE CONTENT LIKE HALF AS INTERESTING ON U-TUBE🔴
Interesting video! Quick and loaded with info.
0:53: this trillion dollar "now you see me, now you don't"💀💀
God is so ambitious in the 2020 DLC that this happened for almost two straight years
We meet again within the span of 2 days
wasn't someone doing High Frecuency Trading arrested in UK for the Flash Crash?
Yes!!! This is Sam's worst error ever. The guy was literally charged and convicted. W&R was one of many factors but but the main one
hi keep up the great work dude dreamt vids
The nebula extension was worth the watch
5:25 So you say I wasted 5 minutes of my time searching for the difference?!
I'm a bit offended as WARF already exists. Its the "Wisconsin alumi research foundation" and it holds the patent to the appropriately named blood thinner WARFarin.
or maybe WARFare
@@Nexandr actually no, the naming of warfare and WARF have nothing to do with each other. However the drug warfarin and WARF do have something to do with eachother.
@@dudeinflames371 i was trying to make a joke
@@Nexandr You know, some people have no sense of humor, or are focusing on some serious stuff so much that they wont Spot a joke.
@@hullukana214 Or you know, maybe it's not the best place to make a joke when someone is stating something serious? The OP literally said he's offended, and then someone went ahead to make a joke.
Thank you for using the stonks guy in the thumbnail
I would love to see this happen...this time around. Wow, just wow!!! It's time for ppl with good hearts to win!!!
Whoever is the editor of this, he/she needs a raise lol 😆
It's mostly screenshots and stock footage so I doubt it's very hard to edit
Whenever you say “he/she”, you can replace it instead with “they”. Firstly it’s less clunky, and secondly it’s more inclusive of people who don’t identify with the gender binary.
did you just assume genders how dare you imma tell all the emily's in the world and we cancel you
@@Thomas-er8xg It isn't society's fault their mental state is at odds with reality; the onus thus shouldn't be on the rest of us to cater to their delusions. As for your original suggestion, it's a matter of personal preference
@@PlayMoGame Have you ever edited a video on a computer? It's like sewing or stitching clothing in that while it's very simple and straightforward to do it's incredibly time consuming and requires both incredible finesse and attention to detail to do well.
1:52
The fact that he drew the Supply and Demand curves as straight lines bugs me deeply. It's the same mistake our school economics textbook made. Even my economics teacher showed us it's a curve (and informed us the textbook image was inaccurate).
Edit: Nevermind. I now realize that the straight lines are purely for easy visualization, when accuracy is not so important. (We did supply & demand stuff in economics class and ended up using straight lines to make it easier).
Love the video!!
Ah yes 1 trillion dollars disappeared very stonks 📈📈📈
The stock market is like the Yugoslav wars.
You never understand it.
We all remember where we were on May 6th 2010, never forget.
5:25 hat on the right one
i love the new formate
I stopped to find the difference in the scc logo and can confirm there is no difference
I think it's terrifying that such a comically large amount of money can just... disappear
The terrifying part is that this whole system of monopoly money is supposed to be important and "the economy" while shit like getting paid to but bread isn't.
Yep i remember was in year 6 we learnt about the stock market
I remember when this happened, I thought BTD5 was down. Luckily it was just the stock market
The stock market is the eatable rich's equivalent of play pretend. There are so many layers of "let's pretend this has value" that nobody really remembers what value is, and as soon as the game gets weird, everybody just adds new powers to their characters
"But mine can breath fire!"
"Well mine can swim in lava so your fire has no effect on it!"
this whole world is just a stupid sandbox, and you can declare yourself king of the sandbox and tyranically rule over the other kids, but at the end of the day everyone leaves the sandbox without taking anything with them
Wait... Wasn't this the one where the SEC went after a young trader in the suburbs of London who got blamed for the crash?
Yep, you’re right: en.wikipedia.org/wiki/2010_Flash_Crash. But it seems that he was a minor contributing cause, there being several more significant causes as the Wikipedia article explains.
Yes, Navinder Sarao
its crazy what the stock market can do
when you put in "antiwhale" measures but in turn you create "free money explosion timer"
I heard words in this video... A lot of words!
For the two different logos at the end, another difference is the text at the bottom is slightly more faded
Great video.
3:25 Noice
still healthier than modern crypto market.
I worked for Merrill Lynch’s Princeton NJ branch (876 prefix bby! For Merrill ppl) and this flash crash was really nutty when it happened live.
bro started spitting bars about the stock market
"The Terminator" movie had it wrong. The uprising of the machines will be like this, not with fight-bots. That way the resistance won't have enough money to build a time machine to send back....
The biggest question... why is the stock market allowed to exist when its so insane and should just be thrown out the window like the gambling mechanism that it is?
You know… a wise teacher once told me that no question is too stupid; he was clearly wrong 😐
@@moeabdelraouf7888 Well, why should some gambling losers on wall street be the ones with partial ownership over a company instead of the people who work for the company?
Oh wait that's the scary socialism
@@moeabdelraouf7888 "You're not the stupidest person in the world, but you'd better hope they don't die." 😁
What is with stock footage with the 4 block wide Jenga game @3:12. Does a product like that even exist and how would it play?
The moment I hear "youtube algorithm" I know I'm gonne get an advert for curiositystream+nebula or a reuqest to donate on patreon.
ah yes, some people just casually lost enough money to solve world hunger and poverty
I sometimes can't find my keys, so we're basically the same.
That money basically never existed.
I thought that Flash Crash was caused by some guy in UK, from his bedroom.
It was, he was charged and convicted for it. Amazing no one else is saying this.
@@Diamonte420 agreed. Can't believe this video is so wrong
Stock market crash part 2: electric boogaloo
Thumbnail is on point
What all retail traders dreams are made of.
Sam: S&P 500
Me, who doesn’t play Minecraft: Dream SMP 500?
Me: *finishes watching video
*Closes CZcams
*Opens Nebula
And that’s why you place a stop loss, and don’t trade emotionally. If you see a flash crash in the market, don’t panic, it will probably recover, just put your money back in once you see the market recover, a trend form, and shows signs of continuing to form, or if you’ve don’t your homework in the fundamentals of the asset, place the same trade. Flash crash tend to not have an impact on the market.
Placing a stop loss would've lost you a lot of money in this situation. It would've automatically sold all of your stocks when the market reached the bottom.
I didn't understand a single bit of the video. But it was high quality so I'll still like it
Not understanding the stock market is the point. It's really complicated and you don't understand it. But, see, I do. I'm, like a total expert genius with it. So give me all your money and I'll take care of it for you. ...Usually, it's a pretty good scam, because the market always goes up over a long-enough amount of time. So even though I don't actually understand it, as long as I give you more money back, you don't care that I'm a lying charlatan.
"Capitalism is logical and works very well"
Capitalism:
It works very well 99% of the time. Why are you focusing on the one time it doesn't?
Also, this is one small part of the giant capitalist system. Taking this failure as evidence of capitalist failure is like watching someone fail to cook chicken and calling them "a fundamentally despicable human being".
@@attalan8732 Idk man, the fact that shit like this can happen says to me that there's a better way
Bear grills: Overspend Undertax, Olympics
Wonderfully made video. Looking forward to more!
It’s almost time for another mistackes video
This is why I support bans on letting algorithms and AI have control over finances. Dumb crap like this removes all of the nuance and skill necessary to understand the market, and transforms it into a glorified casino with extremely dire real world consequences.
That thumbnail's gonna attract a lot of viewers
⚾ SERCH ADITYA RATHORE, HE ALSO MAKES INFOMATIVE CONTENT LIKE HALF AS INTERESTING ON U-TUBE⚾
Forget terminators, the machines will just bankrupt us.
that one 2010 stock crash be like: *OH NO, OUR ECONOMY LOST TOO MUCH STONKS POINTS*