Rookie traders

I have no idea if this guy is trading TESLA or not. I dont care.

His account on RobinHood application went from 15.000$ to 1$ million than back to 6.000$ or so. That is not very pretty.

This is just to say these milenial speculators have no clue what they're doing. Playing casino...

Dobatse explained in the interview that he’d been drawn into the app’s bells and whistles, which made flipping stocks and dabbling in more complex investments feel like a game.

He started out by funding his account with $15,000 in credit card advances and then took out another two $30,000 home-equity loans as he continued to lose money early. His luck changed this year, and his account value skyrocketed about $1 million in a matter of months.

Then it all fell apart — his account value this week: $6,956.

 These idiots think they have things in control. Like the article puts it, gaining among this group is the exception not the rule. And the market did not even correct; it only goes up. Every day!

I already wrote here about dramatic situations that can happen to these young people thinking they will get rich over night (free money, no work, wonderful life!) See here: Robinhood traders and TESLA speculation.

Happy profits!