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Furus (Finance gurus) are fucking everywhere now. It's somehow worse than the merry tribe of scumbags who tried to sell everyone poker strats after Moneymaker had his moment. Most of these people are moral lamprey eels who are getting super rich off their Discord channel subscriptions. Others are actually incredibly talented traders getting rich off their Discord channel subscriptions.
For several months, I subscribed to a Discord room run by a notoriously talented trader with an almost supernatural knack for technical analysis. There were 300 people in that room, each of us paying $200 a month. This dude was raking in like half a bar a year on SUBSCRIPTIONS. I mean goddamned more power to him, I'm not knocking the hustle. Plus I learned an absolute ton from him. So it was worth every penny I spent for the 6 months, and I earned far more than that off his picks, so again, no complaints.
But a lot of these cats not only rake you for subscriptions, they also have a nasty habit of exploiting their followers, ......allegedly.
One person just got accused today of grabbing tons of largely illiquid stock, then hyping it to his 4k+ chat room with a weak ass 'dont follow my trades' style ass covering comment knowing full well every single person is there to follow his trades. They rush in, they push up the price, and he bounces with a 90k+ profit and the price crashes. Thing is... his 'clients' are left holding the bag.
So heres a few red flags I key in on when I'm considering someones advice:
- They talk about how much they rake in terms of dollars, not percent. This is the #1 tell that you're dealing with a scammer. If someones crowing about how they made 15k that morning, it does not mean they made a great trade necessarily. If you borrow your rich dads Roth account and buy 200k share of AMD, and you sell after a 10 cent price increase, you just made 20k. But you also borrowed a cool million in liquidity to do so. Most people dont have a cool million in liquidity and if they do, they aren't wasting time hyping their investment course. But if someones talking about percent gains? Oh now you got my attention. I want to hear from the folks who increased their rolls by three or four percent this week. That sort of thing. Right there. Thats my love language right there.
- Appearance. Look there are a lot of brilliant eccentric people in the world and I'm open to what they have to say, but when we get into serious, academic conversations about how to aggregate wealth through advantage trading techniques, I tend to listen to people in button down shirts more than I listen to a guy who looks like he just wandered out of a Florida mall food court. Backwards baseball hats, memes in videos, shitty generic techno soundtracks, gold chains... look maybe that guy knows what he's talking about, maybe not.. but if I have to decide how I'm going to spend my time, the guy who looks like he studied math at MIT is who I want to roll with if I'm there to learn. Serious people do serious things, and if I'm there for serious reasons then thats who I'm going to gravitate towards when I'm looking to sharpen my tools. Iron sharpens iron and all that.
- Advertising. If someones ads absolutely assault me at every media site after I watch one of their videos, I'm suspicious. If those ads feature Youtube viral influencer style fonts and general splashy tacky attention grabbing bells and whistles, miss me with that shit.
Last but not least...
- Voice. Is someone speaking calmly, in a deliberate serious manner? Stop what youre doing, listen, and pause the video to take notes. You're in the zone chief. Is someone trying to "wow" you with a high pitched vocal register? Are they doing the 'infectious excitement' routine? Congrats, you just found yourself a real estate pyramid scheme huckster, trying to hustle their way into investment wealth by clocking those sweet youtube likes from actual struggling investors.
Ok thank you for attending my TED talk send tweet.
For several months, I subscribed to a Discord room run by a notoriously talented trader with an almost supernatural knack for technical analysis. There were 300 people in that room, each of us paying $200 a month. This dude was raking in like half a bar a year on SUBSCRIPTIONS. I mean goddamned more power to him, I'm not knocking the hustle. Plus I learned an absolute ton from him. So it was worth every penny I spent for the 6 months, and I earned far more than that off his picks, so again, no complaints.
But a lot of these cats not only rake you for subscriptions, they also have a nasty habit of exploiting their followers, ......allegedly.
One person just got accused today of grabbing tons of largely illiquid stock, then hyping it to his 4k+ chat room with a weak ass 'dont follow my trades' style ass covering comment knowing full well every single person is there to follow his trades. They rush in, they push up the price, and he bounces with a 90k+ profit and the price crashes. Thing is... his 'clients' are left holding the bag.
So heres a few red flags I key in on when I'm considering someones advice:
- They talk about how much they rake in terms of dollars, not percent. This is the #1 tell that you're dealing with a scammer. If someones crowing about how they made 15k that morning, it does not mean they made a great trade necessarily. If you borrow your rich dads Roth account and buy 200k share of AMD, and you sell after a 10 cent price increase, you just made 20k. But you also borrowed a cool million in liquidity to do so. Most people dont have a cool million in liquidity and if they do, they aren't wasting time hyping their investment course. But if someones talking about percent gains? Oh now you got my attention. I want to hear from the folks who increased their rolls by three or four percent this week. That sort of thing. Right there. Thats my love language right there.
- Appearance. Look there are a lot of brilliant eccentric people in the world and I'm open to what they have to say, but when we get into serious, academic conversations about how to aggregate wealth through advantage trading techniques, I tend to listen to people in button down shirts more than I listen to a guy who looks like he just wandered out of a Florida mall food court. Backwards baseball hats, memes in videos, shitty generic techno soundtracks, gold chains... look maybe that guy knows what he's talking about, maybe not.. but if I have to decide how I'm going to spend my time, the guy who looks like he studied math at MIT is who I want to roll with if I'm there to learn. Serious people do serious things, and if I'm there for serious reasons then thats who I'm going to gravitate towards when I'm looking to sharpen my tools. Iron sharpens iron and all that.
- Advertising. If someones ads absolutely assault me at every media site after I watch one of their videos, I'm suspicious. If those ads feature Youtube viral influencer style fonts and general splashy tacky attention grabbing bells and whistles, miss me with that shit.
Last but not least...
- Voice. Is someone speaking calmly, in a deliberate serious manner? Stop what youre doing, listen, and pause the video to take notes. You're in the zone chief. Is someone trying to "wow" you with a high pitched vocal register? Are they doing the 'infectious excitement' routine? Congrats, you just found yourself a real estate pyramid scheme huckster, trying to hustle their way into investment wealth by clocking those sweet youtube likes from actual struggling investors.
Ok thank you for attending my TED talk send tweet.
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