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Miami, FL
Posts: 1 since Mar 2022
Thanks Given: 0
Thanks Received: 1
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It has always been that way, it is just more in everyone's face now. That in addition to trading being somewhat "hot" again. Back in the day, these con-artists would hock their courses/lessons at conventions/lectures. Many brokerage houses would rope actual profitable traders into attending, giving these people some credibility. The oddest thing though is how many of these students/sycophants of these furu come to defend them, even while continuing to lose money.
I remember having mercy and reaching out to one of these people I met in the Bookmap discord. The poor guy had jumped around a good 5–6 instructors. Looked at the guy's history and before even getting into strategy he was over trading and dead set on only scalping 1:1 few ticks, even if he was somehow profitable he would burn out before being able to call it a career. The wild part was, not one of those instructors even brought up any of this.
Long story short, after trying to point him in a direction where at least he might have a shot at succeeding and explaining how so many fakes are preying on people wanting to learn. No more than a week or two later I get a message, "hey what do you think about XYZ they are taking on new students, I might go to a free workshop". I warned him, explained how it was more or the same, even as a last resort showed him how to just buy the course on the black market in fear that he was dead set on it; even wasted my time finding legit forums with negative experiences. Instead of getting a thank you, I was told that I am a negative person, and the networking experience alone might make it worth it, that in life you cannot be negative. Well, that was the last time I ever responded. I think it had to do with cognitive dissonance and people never wanting to admit they are wrong, but hey, maybe I am just negative.
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