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| red sox 777 02/20/21 10:52:19 AM #243: | I will also say, I've been seeing an ad from Etoro which strikes me as particularly misleading in that it all but implies that the way to make money trading crypto is to trade a lot. They have a feature where you can copy another person's trades so you can trade a lot even without paying attention to the market yourself. The commercial features a sloth (the animal) copying an active trader who looks to be researching, discussing, and trading crypto frequently, and getting the same returns as him. But the reality (if this were real) is that the sloth would have gotten an amazing return, probably better than from the copying, by simply buying and holding BTC and ETH. I haven't seen commercials from Robinhood, but I know they have been known for promoting things like margin, options, and frequent trading to novices which probably don't really help their customers' returns on average but are goldmines for brokers. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! ... Copied to Clipboard! |
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