Despite incredible mismanagement by editor-in-thief Randall Lane, Trader Monthly was a magazine with an accurate motto: since traders and sepculators can make soooo much $ soooo quickly, brands should pay big $ to win their favor.
Unfortunately, Trader Monthly didn’t give a shit if traders bankrupted themselves spending all their money on their luxury advertisers’ products whereas truly successful speculators know to spend only a portion of their winnings since every trade/bet could become a loser.
And despite all the fame, money and hype that athletes get, the top traders in the world make far more money and provide far more value to the world (adding liquidity to financial markets is SO important) yet they go unnoticed by society as a whole which is a tragedy.
But with Trader Monthly gone and Wall Street seen as corrupt/overly-greedy, brands have forgotten about traders the past few years and that’s sad.
So we successful traders sometimes resort to splurging on excessively priced bottles of liquor, which as I know too well is fun:
…oh yes incredibly fun, but the $ could be spent far better…if traders only had more options.
Since the majority of EliteTraders are poor/broke, Stocktwits users are conservative old family men or losers who don’t like admitting their losses publicly,is the only trader community left to take up this important cause.
Stay tuned for further developments…
For now, see this $270,308 bar bill of famed gambler Don Johnson who has such a reputation in the US that he is banned from a number of casinos. He made his fortune when he cleaned out three Atlantic City casinos in a high stakes card game that netted him US$15 million.
…and check out this $320,381.65 receipt of 23-year-old forex trader Alex Hope…as reported here by The Huffington Post and the followup interview they did with him regarding the purchase:
HuffPost: Did you foot the entire $320,381.65 bill?
Alex Hope: Yeah, I picked up about 80 percent of that bill. But that unique bottle was something I paid for and was happy to pay for because it’s something I really wanted. I think only three or four people in the world have ever bought that, so for me to be the youngest it’s like really neat. I told you, Jay-Z’s bought it and to be associated with someone like that just by buying a bottle of champagne is quite nice.
HuffPost: What’s your response to all the criticism?
Alex Hope: Well, I’d say 90 percent of the comments have been positive … but you’re always going to get negative comments like on anything. It’s like Beyoncé. She’s a great singer, she has great videos and you have 99 percent good comments but you’ll always have one or two people who might say, I don’t like it. But that just comes with any territory when you’re doing well, to be quite blunt. I’ve coped with it well so it doesn’t bother me.
HuffPost: How much are you actually worth?
Alex Hope: It’s in the millions. My short term goal is to raise quite a lot of money. Forty, fifty million would be great in the next five to ten years. For someone my age in the UK, I’m doing very, very well.
HuffPost: You tweeted a link to a personal finance article by Bankrate.com last week that advised people to ‘splurge sensibly.’ Do you think the Ace of Spades was a sensible splurge?
Alex Hope: Splurge is such a unique word isn’t it? You can look at it from a good sense or a bad sense but splurging is obviously spending and it’s about spending responsibly. I like to buy clothes, I’ll admit I’m a shopaholic. There’s nothing wrong in that.