He made $600k this week, another self promoting shooting star? https://www.bloomberg.com/news/arti...ave-portnoy-is-leading-an-army-of-day-traders
Supposedly he’s worth “like $120 million” , not from trading, and then got into trading just recently. There is a recent thread about him: https://www.elitetrader.com/et/threads/day-trader-called-buffett-an-idiot.345993/
So easy to take risk if you know you'll never worry about money anyway. A different story if you didn't inherit a fortune.
Cramer thinks Wall Street pros may be playing a game with amateur Robinhood traders “It’s a game. If it weren’t securities, let’s say it was Monopoly, let’s say it’s Draft Kings ... it would be so much fun,” Cramer said on “Squawk Box.” “Pick a couple of stocks, you gun them in the morning, and then you hope people are stupid enough and they buy them.” https://www.cnbc.com/2020/06/12/cra...ng-a-game-with-amateur-robinhood-traders.html
Some "educators" has an army of students ready to buy anything and the "guru" always have the change to sell to them with huge profits.