Do trading education scammers (99.99% of the "industry") ever feel guilty?

[Xela]

I hope they all die a horrible death. How's that?

Strong. (Specifically, "strong enough to alienate some people who would otherwise agree with you".)

I hope they all see the error of their ways and change their minds. We'll both be disappointed, admittedly: my hope for them is no more realistic than yours.

There is, though, also an argument that the buying public gets the vendors it deserves. They do it because people want to buy it. Repeatedly, in many cases.

 

[viruscore1]

Have anyone run into financial advisors that are border line scammers. Selling mutual funds, being paid by mutual fund company and charging management fees?

 

[pursuit]

I believe most of us have spent time in the maze, bumping against walls and years is more common than uncommon but angst toward "them" is a waste of psychic energy. Good trading requires optimism, humility and focus. Feelings of revenge and hatred are the wrong kinds of energy. I know I've wasted time and money along the way but it is what it is, The past is done...move forward.

I don't know about that. I feel good expressing my feelings on this.

 

[pursuit]

Have anyone run into financial advisors that are border line scammers. Selling mutual funds, being paid by mutual fund company and charging management fees?

The whole mutual fund industry is a scam too. 95% underperform their index benchmarks but charge fees. But at least they don't lie about their performance and about being "pro traders".

I despise the deception and fraud aspect of the trading education "industry".

 

[pursuit]

Strong. (Specifically, "strong enough to alienate some people who would otherwise agree with you".)

I hope they all see the error of their ways and change their minds. We'll both be disappointed, admittedly: my hope for them is no more realistic than yours.

There is, though, also an argument that the buying public gets the vendors it deserves. They do it because people want to buy it. Repeatedly, in many cases.

That's OK, I'm not running for President

 

[pursuit]

S
There is, though, also an argument that the buying public gets the vendors it deserves. They do it because people want to buy it. Repeatedly, in many cases.

Retail traders are desperate to find something, anything that works. They're not looking to get scammed. I don't think anyone deserves to get scammed.

 

[viruscore1]

Is this real or just another trading scam...

 

[speedo]

Is this real or just another trading scam...

Gold plated Bugatti? That has to be real

 

[pursuit]

Is this real or just another trading scam...

fails the italian cars test...

 

[Xela]

Retail traders are desperate to find something, anything that works. They're not looking to get scammed. I don't think anyone deserves to get scammed.

Yup - that's the counter-argument (to the "the public gets the vendors it deserves" argument), and there's validity there, too, undoubtedly.

My point (if I had one at all, which is never a certainty) is simply that it's a free market, and it's complicated, and there are a lot of gray areas too, and there are some "good guys" among the vendors, and there's a whole range of stuff around - much of it very scammy, I agree, though I honestly think your figure of 99.99% is a big exaggeration. If you'd said 80-90%, I wouldn't be nitpicking you.

(By the way, those Bugattis wouldn't get over the speed-bumps in my street.)