How Richard lost $860,000

And why his story is one that I hear too often
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Dear Trader,

Have you heard of Robinhood?

It's a trading app that, according to the NYT, is "luring" young people into trading super risky assets… and the results are "devastating".

One young trader told the BBC, "I didn't know I'd lose money so fast".

And another young trader took his life after losing $700,000 on the platform - an absolutely shocking story.

But it's not just teenagers losing money on Robinhood.

This is Richard Dobatse (and his daughter) ...

Richard Dobatse

Richard is a 32-year-old Navy medic and father of 3, not some spotty teenager locked in his mum's basement.

And yet, in an interview with The New York Times, he admits to losing $860,000 with Robinhood.

Of course, Richard has to take responsibility for his actions, but the NYT also points out that Robinhood has "made investing more like a game".

For example, you can get a few free shares of a stock by "scratching off images that look like a lottery ticket"...

You can buy popular stocks by accident in just one click on the homepage of the app…

And there are emojis and confetti plastered everywhere that help "gamify" each trade.

In my opinion, Robinhood isn't a trading platform…

It's a gambling platform.

Instead of promoting long-term strategies, it promotes short-term gambling mindsets - and with such a young user base (the average age is 27) this is as the NYT says "dangerous".

But Robinhood is not alone in luring traders into unprofitable trading environments…

eToro, Trading 212, and countless other platforms are spending huge amounts of money on advertising directed at new and experienced traders… while 75% of their users continue to lose money.

This is what I call "Trading's Dirtiest Secret".

And it's been going on far too long.

That's why I'm holding an urgent briefing at 7pm UK (2pm ET) on Thursday 22nd October.

It's called, "Exposing Trading's Dirtiest Secret: How to protect yourself from the hidden consequences of trading's dirtiest secret for better results, confidence and security."

During this briefing I'll expose the full scale of this dirty secret (it runs much deeper than you might expect)...

And introduce you to an alternative trading approach that's proven to make consistent profits of $50,000-$100,000 per year.

Bye for now,

Guy

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