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It’s not Gambling Mom! It’s Called Leverage, Ever Heard of it?

Every way the new wave of traders is losing money

Anthony Andranik Moumjian
3 min readAug 17, 2020
Source: CareerBuilder advertisement.

As a teenager captured by the drunk actions of traders on WallStreetBets, it’s no mystery where everyone’s last dollar is headed today.

Record unemployment, businesses going bankrupt, America teetering on collapse, battling a global pandemic. It’s no big deal — the stock market is at an all-time high. There is just one problem with all of this, however: You have no money.

Get hold of mom or dad’s bank account and creep your way into a Robinhood account. It’s time to make yourself a millionaire! Let’s fall into oblivion, one bad example at a time.

If someone said it, it has to be due diligence.

Look at this guy, for example.

Every day, there is some new news. It’s not just the person above, it’s every single person on that forum.

It won’t matter whether it’s true or false, you follow it. Sure, you’ll probably lose all your money because the person writing it is a teenager who just opened his Robinhood account last week, but that’s okay.

Here’s some more of that sweet due diligence I am talking about:

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Anthony Andranik Moumjian
Anthony Andranik Moumjian

Written by Anthony Andranik Moumjian

Los Angeles. Long-time runner. Top writer on Quora, 100M+ total content views. New to Medium. Inquiries: Moumj@berkeley.edu

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