It might be that the article/news were shared before, yet, this is a visualized presentation of how one becomes a believer, -
Great video Nobert, I think the trader did a good job, he took a risk and loss. Better than not risking at all.
this guy pissed away found money. He had no chance of ever earning 600k again and he bet it all on one trade. Worse he was betting size on tickets he didn’t understand. This was worse than gambling. This wasn’t trading.
First off, the YouTuber thinks a CC is a bear position. Kid is putting his entire account in atm verts based upon a feeling? Some absurd GOP fever dream about Nancy Pelosi and talking size that AAPL trades in 10 seconds? Highly unlikely that any lender gave a 19yo 100% of the kid’s half interest (YouTuber stated 80-90%). I’d say the odds are exactly zero. Clearly the kid was trading before his 18th birthday on his own SSN with full option rights? it’s a troll.
Are liar loans/no doc loans, still a thing in the US. They were banned here in the UK after 2008. Lenders will let you take a 500K loan on a 600K house, but you got to show at least 85K a year income to get it.