Re:Amazon engineer will let strangers manage his $50,000 sto...
by samsonradu on Friday July 07, 2017 @02:05PM
(#14720589)
That's an interesting story and I'm sure you learned a lot through the experience. I'm also sure there are plenty others like you, to whom trading was educative.
But on the other hand I'm sure there are a whole lot of young people on the other side of things. Those who start learning about stock-trading and soon see it as a way to make money fast by taking huge risks. They get spammed by 500$ signup bonuses to various stock-trading platforms, they're presented with 100x leveraged trading options and such. I don't see much benefit in that.
What I think is young people should be taught how the market works with a huge grain of salt. Definitely not by letting them go wild with play-money since we all know what will follow up.
Every day I would log in and manage my account - I was a commodities broker and I managed to build a pretty powerful little empire with my savvy transactions.
While not as powerful when it came to ore... my wheat holdings were no laughing matter... that was until the day I smoked pot, dialed in and accidentally sold all my wheat holdings as opposed to buying up all the other supply - thus eliminating my monopoly on the galactic wheat trade...
Man, Trade Wars was a blast in the early nineties.