Trade Like They Do On Wall St

You want to trade like they do on Wall St? Well sorry, unless you're friends with someone high up, like Henry Paulson, the former CEO of Goldman Sachs and the United States Secretary of the Treasury for George Bush, then you won't be able to. So if you make risky bets and win, he'll pat you on the back, if you lose, he'll give you a big fat bailout package. Wall St made upwards of a trillion dollars on the whole housing bubble by peddling crappy loans that they knew were just toxic. Now it's coming back to bite them and they're getting a big fat check for flushing the economy down the toilet.

The bailout package was advertised as a way of getting the country back on track, by restoring confidence in loaning money. Does this give you confidence? No, this isn't the reason for the package. The amazing thing is that the politicians went along with it.

So don't try to beat Wall St at it's own game. Those guys will always come out ahead, no matter what the sleaze-ball guys say selling you crappy "trader secrets" and software.

The reasons the pros do well, isn't because they're able to predict the future. They can't. Look at the mess they got the country into. It's because the system is stacked in their favor. You're not competing with them on a level playing field for a large variety of reasons. So, forget about learning how to trade like they do on Wall St... get realistic and learn how to trade with minimal risk.

Your rating: None Average: 3 (1 vote)