Posted on 10/16/2020 12:54:38 PM PDT by RomanSoldier19
BUY MORE TSLA!!
:)
Wait till these Millennials figure out that all their hard work is going to be confiscated by the very government they elected.
Glad I won’t be around to see the chaos.
He’s just noticed this? Greater fool theory took over the market 25 years ago. Buy and hold is the aberration, it’s all buy to sell in 2 weeks for $5 more.
My nephew recently lost 400k in a single leveraged crypto trade. It was everything in his account, and he had to borrow money from his parents.
He had a working system, .5%-1% per trade, day trading crypto, watching charts, that’s how he got to 400k. But he keeps wanting the big hit. He thought he could get to 40 million on the leveraged trade but it was the wrong call.
That fits with my general observation of Millenials sadly.
Translation: “We can’t have these dirty rubes in the stock market. It oughta be ILLEGAL for anybody but us Blue-Check elites to be investing! We gave the rubes 401(k) but they insist on acting above their stations!”
Everybody who makes money loses money. Our President has lost big, and won big.
Robin Hooders making a mess
I can’t imagine young traders could do this on their own?
I can’t imagine young traders could do this on their own?
He thought it was a good idea to “bet” his entire net worth on one trade?
Sounds like a guy that doesn’t believe the market is right. When choosing poorly there are consequences. The market corrects and ignorant people get informed.
Professional investors should not ignore the retail wave
https://www.ft.com/content/ddc4630c-c27c-47e6-b13e-1e036d16b0f9
So young & dumb traders are a new thing?
That’s an expensive lesson in risk and money management
Trading crypto is a losing proposition. The most liquid market can be turned on a couple million dollar trades.
I have six figures in crypto holdings. Ive made three sell side trades in the past three years.
Crypto traders have to be cold hearted barracudas.
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