Millennials Make a Killing Day Trading on Reddit

Millennials Make a Killing Day Trading on Reddit

MarketWatch’s Shawn Langlois and Sally French join Quentin Fottrell and Priya Anand with the details on how Reddit became the go-to place for rowdy millennial traders to gather in 2016.

Again, not to make this too political, but many on the left keep repeating the same narratives despite an abundance of counter-evidence:

-That the stock market is a bubble and or an impending bear market (the S&P 500 as of this post is only a couple percent from new highs despite the endless predictions since 2009 of collapse.)

-That that stock market is a ‘sucker’s bet’, a ‘scam’, and that it’s ‘rigged’. (See above video of daytraders who are consistently making a killing with stocks and options despite the left’s insistence that this shouldn’t be possible due to the market allegedly being rigged. I guess those daytraders did not get the memo.)

-That those who are successful have an ‘unfair advantage’, ‘connections’, or ’10,000 hours of practice’, and those who fail are the victims of ‘racism’, ‘classism’, ‘sexism’…whatever. (People succeed because high IQ, as the video above and other examples show, not ‘unfair advantages’. None of these traders have special connections with Goldman Sachs, but instead are succeeding due to an ingrained ability/talent in reading market direction, owing to superior critical thinking skills, economic analysis, and pattern recognition abilities.)

-That all millennials are broke and in-debt. (While some are broke, many are not, as the above video shows. There are many millennials who are making 5-6 figures in various STEM profession , who have hundreds or tens of thousands of dollars in savings and or real estate or stocks. The problems is that the left is generalizing all millennials as broke, ignoring the many successful ones who are making money and or did not major in a worthless subject.)

This video is also an example of the synthesis of wealth, individualism, and intellectualism, as shown by the social taxonomy. People are getting rich through their talents, through individualism and being smart, not collectivism. Millions of millennials as aspire to be rich and successful, unlike Bernie Sanders who resents the rich and seeks to spread wealth from the most successful people to those who did nothing to earn it.