Tired of losing money? Here are 2 reasons why retail investors always lose
A majority of “traders” end up being losers with empty portfolios. Here is exactly why. A quick flick through Twitter, any social media investing club, or investing-themed Reddit will quickly allow one to find handfuls of traders who have vastly excelled throughout a month, semester, or even a year. Believe it or not, most successful traders cherry-pick periods or use different accounts simultaneously to ensure there’s always a winning position to display.On the other hand, millions of traders blow up their portfolios and turn out empty-handed, especially when using leverage. Take, for....
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Martingale betting is a class of betting strategies that originated in 18th century France which can turn any game, whether blackjack, roulette or anything else, ideally something played in short, discrete rounds with a roughly 50-50 win/lose ratio, into one which gave the gambler an almost certain chance of success. The way the algorithm works is like this. Imagine that you are playing a simple slightly biased coin toss game where you can bet any amount of money and if you land heads (49% chance) you win and if you land tails (51% chance) you lose. First, you bet one dollar. If you win,....
A group of South African investors recently confessed to losing money to a brazen scammer after he convinced them to buy and hold nearly worthless physical coins. The coins, which are denominated in the Bostwana pula currency, were initially sold to a group of South African women back in 2019 when bitcoin was only worth $3,500. However, according to a report, this con only came to light when one member of the group, who is only known as Lizet, attempted to cash out after she lost her job. Lizet explained: I lost my job and decided to sell one bitcoin since it had doubled in price (and....
Legacy banking institutions are losing their grips on the wealth flowing around this planet nearly every day. In fact, banks are losing touch with the finance world quite fast actually, and society doesn’t seem to care. Millions upon millions of dollars are currently not seeing these bankers hands anymore, and there are some good reasons why. A cashless....