Thursday, 3 May 2018

Fake it till you make it: meet the wolves of Instagram

quote [ Their hero is Jordan Belfort, their social media feeds display super-rich lifestyles. But what are these self-styled traders really selling? ]

[SFW] [business] [+3 Interesting]
[by arrowhen@4:53pmGMT]


knumbknutz said @ 5:00pm GMT on 3rd May
At least the guy was targeting mostly teenagers. They have a lifetime ahead of them to recover and learn from the mistake.
norok said @ 9:34pm GMT on 3rd May
Couple of thoughts:

Real traders are humble about what they do. Buying a $250k car is $7.5k - $38k less in returns you'll make that year. Also, your biggest drawdown is always coming...

Binary options are online casinos. Because who want to go all the way to Vegas? The article points that out in a quote from a government official but a while back I actually sat down and did the math on the implied volatility of their spreads. The house always wins over time.

It's a shame people don't instinctively pick up on these facts.

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