Traders are getting all bent out of shape by celebrity day trader Rachel Fox. She’s a young girl who is really popular to begin with, then she took to trading stocks on her cellphone. Hell, she’s crushing it this year, up over 60%. I love these types of situations. Traders, myself included, approach the market with a humble mindset. Often this approach is refined through a couple of decimating losses. Losses that make you puke in a garbage can then sit on the floor shaking.
Then Rachel Fox hits the scene, Hello Kitty iPhone in tote, and starts crushing. Is she getting lucky? Maybe a little bit. But for traders who have spent years earning their place in this market, it’s frustrating. I couldn’t care less if she gets famous in the trading scene. Eventually she’s going to get whacked pretty well. It’s inevitable.
What separates the fantastic Fox from many other aspiring traders is she’s already loaded. And she’s super young. She has tons of time to earn more money from her professional career. This means trading does not feed her face, pay her rent, etc. She’s probably approaching trading with the right mind state because she’s not emotionally attached to the financial outcome. I’m pulling for this girl. This type of participation is what will feed us traders for years to come. New money baby!
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Good for her. Of all the things she could be doing with her time at 16, this is commendable.
That said, being a popular figure with lots of reach and having read her website/blog I’m not sure she is in a position to be disseminating financial advice to the unwashed on the internets.
Moronic degenerates hear “60+% daytrading” and they flock to that like moths to a flame.
Some will survive the flames and be forged into traders.
Shut up. You’ve been trading for two years in a bull market. Nothing is more irritating than listening to small children who think they have the world figured out. I think we all know how this is going to end.
Name the instrument and I’ll out-trade you in it. Name the timeframe too bitch.
Chill. I was referring to the girl…
1000 apologies Mr. Peanut. LOL
Her voice does make my toes curl.
I’m waiting for Cramer to call her one of the greats, then it’s full Dykstra situation.
Coincidentally this is pretty much how I feel about anyone who just started trading and feels the need to boast about how smart they are and how they have everything all figured out.
In this instance, I’m giving her a pass purely based on her age and level of ambition.
I’m sure the beacon of all that is good and noble in investing (CNBC) will be the first to update us when she receives her first margin call.
BREAKING: Raul3 threatens to go FULL RHINO on Mr. Peanut.
UPDATE: Situation normal.
heh I thought he was telling me to shut up and that I was a small child…oh boy
Thanks for your “situation” coverage
Initially, I too thought he was addressing you …then I realized he was talking about the girl at by the time I got to “small children”.
In my trading environment, I live with uncertainty, reality and the fact that I can only control my actions. This puts me at odds with the mindset of many people I deal with in other areas of life. Basically, I dislike know-it-alls who think they are always right and have everything figured out. This conflict is in my face, sometimes three or four times a day.
Goodness, sorry to hear you run into so many know-it-alls daily.
Where do you live? DC?
Yes.
And this bust will be one for the ages. It’s a very dangerous situation, because most people are completely delusional and think this way of life, making money from borrowing from the future and from other countries, exploiting nature and people can go on forever.
They won’t let go and as long as they can pretend to live in a dream world and everything is fine, while they destroy and plunder nature and humans just to avoid a look in the mirror and accept their mistakes, this can get really ugly.
Everybody has to overcome the manic side and the manic phase that western culture is in will have a long way to go till the spoiled children accept that they are nothing. It will be really ugly.
You’re right, we’d better start exploiting space soon if we’re to keep the Ponzi train rolling.
You have to be a little bit maniac to forego sleep and other creature comforts while climbing to the 1%.
This girl isn’t quite nothing. I mean, she’s a Hollywood movie star.
She knows how to use the stock app preinstalled on iPhones. Once you have that figured out 60% returns are all but guaranteed!
Yeah, I was a bit sceptical when I read 16 year old, but when I realized she is a movie star I was like “Oh my god” and she was like “wow” and I was like totally into it and everything and I am sure she will make. Because you know, she is a movie star. Like really, duh.
Actress = professional liar and living a lie
What could possibly go wrong ?
Exactly