In 1983, the most famous gentleman’s bet in trading history was made.
Richard Dennis, a legendary trader of his time, believed that anyone could learn to trade regardless of education, natural skill set, age or talent.
His partner believed it was a natural talent only a small percent of people were gifted with.
So, Richard made a bet with his partner. Launching an ad in the newspaper and putting up his own capital for 23 strangers to trade with after a short training period.
The rest, as they say, is history. The “turtles” generated hundreds of millions in profits over the years and the bet was a smashing success for Richard.
Now, 3 decades later, the same thought process has once again creeped into Wall Street.
This time, it’s more about “access”, “connections” and “institutional data” than it is about talent…
But the same myth is still very prevalent.
The belief that only insiders –only people in the club– can make significant, consistent money in the market.
Rob Booker, known for being “the people’s trader”, just had the exact same argument as Richard all those years ago.
And, like Richard, he made a bet with his hedge fund buddy that he could show anyone how to make income from the markets.
The way Rob explains it, he doesn’t even need anyone to go through a training program to start generating “automatic income”.
They just need to follow a couple of steps generate $532 or $784 or $903 or even $1,150 with a few clicks…
He’s about to go prove it.
And the whole thing is on film.