Rookie Trader Racked Up $700K In Debt we believe. Rookie Trader Profit Up $700K In a day we don't believe. start with demo account. If you can't profit from demo account, 100% you can't profit when you go live.
And making money in a demo accounts doesnt mean shit. Its easy to make money in demo because you dont get shaken out by the heat.
Haha, yes, drugs are in that category too. Great insight. Got recent examples. But it's more like, that we dont believe - that it will remain the long term record.
If I can get access to that unlimited leverage, I would love to do a huge unfavorable-odds Rio spread. 10% chance to make millions, 90% to lose 20-30k and simply forever disappear from USA, a place I never find attractive
Sounds like a good bet, so why dont you do that bet at 1/10th size. So 10% chance to make 100s of K, 90% chance to lose 2-3K? My guess, in reality the odds of winning are much less than 10%??
How does a 20 year old with no income get access to that kind of leverage/exposure?! Here we go, it's the system that's the problem, not him or his parents. Everyone will suffer because of one, sorry to say this, idiot.
Shorting equities has "potentially unlimited losses", it doesn't matter much. It's the likelihood that matters.
Okay, peaked my interest I'll look into Robin Hood Later Bet I can get my debt over the 1Mil, only 700K light weight!!
What can you expect? Many retirees are barely getting by. They hear the stories of successful traders.