Celebrity traders are used to create liquidity for market makers. Stop falling for it
For the past few weeks, there's been so much coverage about a trader placing billion dollar 20x margin positions, going short, then long and then short. He's right once in a while, but has been wrong most of the time. His job is to influence other traders to create liquidity. All exchanges have trading desk of their own and trade against users. Anyone who follows these highly promoted supposedly independent traders is sure to get rekt. Do not margin trade. Even if you do, never follow celebrity traders. submitted by /u/HealthyMolasses8199 [link] [comments]
For the past few weeks, there's been so much coverage about a trader placing billion dollar 20x margin positions, going short, then long and then short. He's right once in a while, but has been wrong most of the time. His job is to influence other traders to create liquidity. All exchanges have trading desk of their own and trade against users. Anyone who follows these highly promoted supposedly independent traders is sure to get rekt. Do not margin trade. Even if you do, never follow celebrity traders.
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