Humans have always been weak for get-rich-quick nonsense, but it feels especially rampant now. Maybe it is the logical end of American-style capitalism.
I've got friends who I love and respect who think that they can day-trade their way to wealth. And that I should do it too! I asked for a couple of links and was despondent at what was there. Some kid on youtube making 25 (or more!) trades an hour on penny stocks based entirely on TA gibberish. Like he's gonna outrun or outthink the algos? Had no idea what the companies even did. And some other dude they're giving $50 a month for... day-trading tips, I guess.
Sigh.
I've got friends who I love and respect who think that they can day-trade their way to wealth. And that I should do it too! I asked for a couple of links and was despondent at what was there. Some kid on youtube making 25 (or more!) trades an hour on penny stocks based entirely on TA gibberish. Like he's gonna outrun or outthink the algos? Had no idea what the companies even did. And some other dude they're giving $50 a month for... day-trading tips, I guess.
Sigh.