Krystal Ball

Why are we betting on oil futures?

Like right now, if you want to trade a real oil future, you need like $20,000, $30,000 in cash.

Even then, I'm not really sure of the utility, but that's the truth is you need high liquidity to be able to make that work.

And the real reasoning behind it is you basically need to be rich enough to be able to afford that level of loss.

Even that makes me a little uncomfortable, but I can live with it from a regulator perspective.

Why open up?

all of this stuff.

The democratization libertarian theory is everyone should be allowed to profit.

And the very, very rich are the ones who are only allowed.

And I understand that.

But the reality is, is you will not win.

It's like sports betting.

You will not win.

The house will win, period.

Exactly.

Bottom line.

And that's why I get really frustrated is there's this whole TikTok pipeline about day trading and retail rentals and Airbnbs.

And you will lose.

There is almost certain, almost certain that you will lose whenever it comes to sports betting, day trading.

You will not beat the market.