This is a YouTube video titled "Don't Fall for Traders' Scams #trading #daytrading #investing" containing a monologue or talk from December 3, 2024, warning viewers about fraudulent trading schemes promising unrealistic returns and explaining why such claims are not credible.
These people coming to you saying I'm going to sell you my trading secrets for six payments of 499.99. This doesn't make any sense, right? These people are saying they can beat the market. They're saying they can get 60% returns a year, right? Well, here's the truth of the matter. If you can get 60% returns every year, you are going to own the entire net worth of the world in 45 years. Okay? It's just, it's mind boggling that people believe this. It's like they can't do math. Okay? You're not gonna own the entire world in 45 years. You're not gonna get 60% returns every year. It's just not going to happen. And if somebody knew how to do that, they're not gonna sell it to you for just a few thousand dollars. Are you kidding me? They've got a money printing machine. They're gonna take their secret and they're gonna use it and make gazillions. Right? And if you're a talented trader, you got this great system. Why in the world would you just six or seven figure portfolio, there's no way you'd be doing that, much less your five figure portfolio. Right? Doesn't make sense. You should be managing billions of dollars.