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Episode 311 - Is Roaring Kitty a Good Role Model?

Episode 311 - Is Roaring Kitty a Good Role Model?

FromThe Rational Reminder Podcast


Episode 311 - Is Roaring Kitty a Good Role Model?

FromThe Rational Reminder Podcast

ratings:
Length:
24 minutes
Released:
Jun 27, 2024
Format:
Podcast episode

Description

When witnessing the dramatic payouts of miracle trades, it's easy to be lured into thinking that your big score is just a few trades away. But as is evident in trading options for retail investors, it is neither quick, simple, nor easy to make guaranteed returns on your investments. In today's episode, Ben and Cam walk us through the many reasons why trading options is a losers’ game; especially for retail investors. Trading options is definitely today's hot topic and we unpack how the recent resurfacing of Roaring Kitty affirms how life-changing payouts are the exception rather than the rule. We dive deeper into trading options and their uses, the trading demographics of the current market, why trading options are an expensive choice for retail investors, and why people still choose to trade even when doing so at a loss. To end, Ben and Cam highlight the dangers of being a copycat and how social media adds fuel to the fire and we hear some heartwarming Rational Reminder Podcast reviews from a few of our dedicated listeners.    Key Points From This Episode:   (0:00:48) Why today's topic is widely discussed in the current financial climate.  (0:03:34) What we can learn from the resurfacing of Roaring Kitty.  (0:05:35) A brief background on stock options and their various uses and the current state of retail trading.  (0:08:13) Understanding the trading demographics at play in today's markets.  (0:10:24) Discussing why trading options are expensive for retail investors.  (0:12:35) Why people keep trading despite losing on average.  (0:16:16) Exploring the dangers of copying successful traders and the role of social media.  (0:17:17) The after show, headlined by inspirational Rational Reminder Podcast reviews from you, our dear listeners.   Links From Today’s Episode: Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582. Rational Reminder Website — https://rationalreminder.ca/  Rational Reminder Email — info@rationalreminder.ca  Rational Reminder on Instagram — https://www.instagram.com/rationalreminder/ Rational Reminder on X — https://x.com/RationalRemind Rational Reminder on YouTube — https://www.youtube.com/channel/ Rational Reminder Email — info@rationalreminder.caBenjamin Felix — https://www.pwlcapital.com/author/benjamin-felix/  Benjamin on X — https://x.com/benjaminwfelix Benjamin on LinkedIn — https://www.linkedin.com/in/benjaminwfelix/ Cameron Passmore — https://www.pwlcapital.com/profile/cameron-passmore/ Cameron on X — https://x.com/CameronPassmore Cameron on LinkedIn — https://www.linkedin.com/in/cameronpassmore/   Books From Today’s Episode:    Wealthier: The Investing Field Guide for Millennials — https://wealthierbook.com/   Papers From Today’s Episode:    ‘Retail Trading in Options and the Rise of the Big Three Wholesalers’ — https://onlinelibrary.wiley.com/doi/full/10.1111/jofi.13285
Released:
Jun 27, 2024
Format:
Podcast episode

Titles in the series (100)

A weekly reality check on sensible investing and financial decision-making for Canadians. Hosted by Benjamin Felix and Cameron Passmore of PWL Capital.