Do not trade. Trading should be the last thing on your mind.

Run a broker. Sell the customer base. Make software.

A successful broker, like Péterffy Tamás, could ultimately achieve a net worth of 100 billion USD.

A successful (& corrupt) trader could ultimately achieve a net worth of 8 billion USD, but for that, he would have to be next door to Soros György (Schwartz at birth) at a historical moment in time, and later the inside info would find you.

See, the wealth machine is like this: the more wealthy you are, the more corrupt you become.

The fairy tale “me against the word” making bank, F the broker stories are all made up.

The most successful “traders” either make money with inside info or engage in a pump & dump (from Ackman to Trump & all the shady Crypto stuff); alas, they are scammers.

Sosnoff uses a euphemism for losers, suckers; he calls them “customers”.

A broker knows full well that even hedging out their risk of the retail customers’ bet is a surplus. You can be provided with the best tools, all the information in the world, and yet ultimately you would end up hanging yourself with your habits and mistakes. The bookie-broker gets to erase the board and keep what you had.

Ira knows this very well. All the broker has to do is to encourage trading, feed the appetite.

You are either gonna overcommit yourself, martingale to death, or pull a fat finger. The more active you are, the faster this becomes reality.

The broker is scamming you in a more laid-back style, but for all of your worth.

Think about it, as a forex / CFD, you can only win what your broker has and is willing to part with.

So when Mr. Baldsteen (delicate combo of Dan Blizerian & Cinderella) says that he was up 10 million at the beginning of the Covid break, even if this were true, that probably would have meant all the revenue for the last few years for TD 365, everyone go home now, we’re closing down.

The conflict of interest should be clear in your mind. Your gain is the broker’s loss.

Remember when Leon Besson said to Natalie Matilda that you must learn close combat at last? That’s what I am working on this weekend.

L=leg, uc=UnderCut, ac=AboveCut, bb=BreakoutBuy

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Music? Getting near 200k views on the 2 channels. That’s close to 100 / song on average. 4 comments in total, all negative. One out of revenge, 2 citing AI slop, one telling me in Uzbek to kill myself.

The two late bloomers that started motoring like crazy recently:

I’ve been making punk disco mostly, although I’m not sure that is an actual genre.