posted on Mar, 31 2014 @ 09:21 AM
reply to post by wantsome
It's not really 'rigged' it's more of a elaborate pyramid scheme. My friend who is a day trader has worked his way up from just playing dividends, to
penny stocks, and now trades in the markets of about 3-6 dollars. He did all this on his own money from his own business which isn't public, nor makes
6 figures. BUT, since he works from home he can do this, and he spends a lot of time doing it. The problem is, without him making large amounts of
income he will never see himself in the market for owning 5-10+% of a company's shares. That's where things get a little strange, unless you won the
It's a place where rich guys like to boast and gamble their large amounts of money, control company's, and call the shots.
A good example I heard my buddy say to describe it was. If there was a rich guy who went into a grocery store, and bought every piece of meat, he
could technically sell that meat for 1 dollar more back to the people looking for meat in that market, turning a profit. What ever is left he can go
some where else, or trade for better goods. It's a glorified grocery store!
So, is it really rigged? Hard to say, when you get into the top contenders, it sure does seem like it. But it's not impossible to get there. Edit:
Forgot to add, going back to what my friend does he spends a lot of time HIMSELF doing this. I am sure if he had the money he can afford high speed
edit on 31-3-2014 by strongfp because: (no reason given)