Thursday, September 12, 2013

The SGX is a Gambling Den

In the recent sessions, I have witnessed some counters gaining over 100% in a single day.

Well, there is no need for me to say more. If you have watched the local market long enough, you would most probably have agreed with me that the Stock Exchange of Singapore (the SGX) is nothing but a Gambling Den as far as some counters are concerned.

The authorities have warned the market participants about the inherent risks when playing in the market. If you want to gamble, be responsible for your own loss.

No value is being created when market participants are trading in the markets. It is a ZERO-SUM GAME!

When you make S$1,000 from the market, someone is losing or will be losing that S$1,000 in the market.