U.S. District Judge Tom Varlan said the former Gatlinburg resident's crimes were in effect crimes of violence due to their impact on elderly or otherwise vulnerable victims.
Brett Steenbarger had said he noticed a large number of laid off people turning to trading for a living as a way to replace their lost jobs
others had quit jobs, or planning to quit their jobs, so they could pursue trading
his concern was that most of these people had unrealistic expectations, sucked in by the romanticised mythology of "trading for a living" that is popularized on the internet
and perhaps if they knew the truth, many of them would never have ventured down this path
there are a few frequent posters over at Big Mike's who are in that situation, either lost jobs or quit their jobs...
they aren't looking for another job, instead they are at home staring at screens all day, determined to become career daytraders.
the dedication and work ethic is admirable-- but in reality they are walking into a black hole of lies and misinformation, and it will not end happily
these guys are not reckless or stupid, they are not degen gamblers either,
they think they're doing the right thing, they're putting in the work, doing in the right way, risking 1 to make 2, etc
the problem is they're chasing after a false grail..... trading for a living is a rich man's game, not something for an average joe to drop everything for
Bolze apologized to all his investors. He said he never meant to defraud anybody but that he got in over his head with stock trading and could never get back on track
I wonder how many other vendors and aspiring traders could say the same thing?
