Gosh, I’m trying to speak sense into him. He has been doing it for like a week and has “countless times he made 10-20% but just got greedy”

    Oi ve how do I explain to him 10% isn’t even close to realistic everyday? Or am I the one who’s wrong?

    https://i.redd.it/1l0ykdw69c2h1.jpeg

    Share.

    19 Comments

    1. Only one way to find out.

      What is the minimum amount of time you would consider acceptable for his claim. Propose it. Either he can do it or he can’t.

      People obsessing over being right but refusing to test it, are just afraid that the test could prove them wrong.

      If he says he can do it, give him the conditions and let him prove it…..

      Either he can do what he says or he can’t. Only one way to find out.

    2. 10% a day is possible in the same way that getting rich at a casino is possible.

      Your friend will lose his money and that’s okay.

    3. First might want to blur his name in your message too if you’re worried about it

      Second, I’ve had friends also try to convince me they’ll be profitable day trading. I tell them the data/evidence says otherwise and wish them luck. Beyond that it’s not worth fighting about it and ruining the friendship. I also don’t bring it up again unless they do because usually after they get their ass handed to them once they realize maybe it isn’t as easy as they thought and no one likes the “I told you so guy”.

    4. So at 10% a day he should double his money every 7 days (1.94 times to be exact)

      Offer to invest a $1 and say you would like $13,780 back in 100 days.

    5. NormalEffect99 on

      “I do what random guy says”

      “I do what other random guy does”

      Lmao I hope this is an exchange between teens

    6. 10% in a day is possible

      10% consistently is impossible

      your friend is gambling and going to lose all his money garaunteed.

    7. AcademicMistake on

      Its possible but only if you know what your doing. I trade bitcoin futures at 75x leverage and i have had +60% days, very few losses. For the average person its quite hard.

    8. 10% a day during 6 month and that’s a x 28 228 000. It s so easy to be richer than Elon Musk nowadays

    9. is he talking about prediction markets? sounds like hes risking too much for little gain if he lost 4k in a trade trying gain 10% on it

    10. enigma_music129 on

      Friend is not the brightest. He seems to be suffering from dunning Krueger.

    11. SourceAggravating371 on

      It’s possible but for smaller amountsafter certain point it’s not