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Joined 5 years ago
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Cake day: September 13th, 2019

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  • Probably because of lack of knowledge and so many youtubers/twitters promoting that shit. It's mind boggling how so many people can give financial advice on social media and not to go jail for it. They also always skew things, so that it seems that their advice was good when it really wasn't.

    Edit: I meant "lack of knowledge" that technical analysis is based on probabilities. Even if you do everything right, there's still a significant chance that the market goes against you. Which is when a lot of traders end up getting their accounts blown out. Brokers also give noob traders tools like leverage and margin, which only makes it more likely for people to lose everything in one bad trade.