Wednesday, 13 March 2024

The Millionaires

What is realy going on with these guys? 
A couple of facts. When Day Trading came up in the 90ies some companies even opened Day Trading Floors in which a Day Trader was able to rent a desk using his own money. This was about the time of the NASDAQ hitting big gains creating something like the last Crypto run. I can't withcall anymore which paper it was, anything like FT, Post or Tribune, but they did an indepth analytics of the first year hype based on the example of a former Dentist having an Ivory League diploma and therefore paying off his depth by 45, but than having a Villa with 55, looking for a short cut. 
He did 1%.
And got back to teeth. In the same way that most professional investement teams do not outperform the benchmark indexis, because those are realy well put together, Day Trading is nothing to make money with the exception for some very few hardcore banker freaks that do need a Netflix Show on their own.
The guy in the vid does have a rich men lifestyle, but the charts he mentions are from free publically available websites that can be found easily on Google and a full Bloomberg Trade Desk is about 20.000 Dollars rent,. That means they charge you 20.000 Dollars per month to use a password for a website.
I give them that you then can directly place orders on the New York Stock Exchange with no middleman.
There is a good chance that their professional story is as fake as the accent, but also a chance that they are no scammers and instead bored to death rich kids living off interest revenues that never ever had to work and have had parents that missed out on having them have an appropriate education instead of teaching them to never stress the limit from the banker too much.
Boredom combined with genetic disadvantages as normal in Holocaust profiteur families that continue the all drugged easy living lifestlye based on lies of their grand parents is a realy bad mixture to become a valuable part of the world human society and as long as we have a monetary system in which money can be lent for money, they never get a chance to find purpose.
Sad, when all you can ever do is bitching around on a Yacht...but a Yacht so, I give you that.