OpenTrader.com Commercial – We Are Traders

Jul 11, 2011
J. Webster
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OpenTrader.com, in their effort to get you fired up and to signup for their social network, they have created a commercial that’s making the rounds of Twitter and the like. And not in a good, funny viral sense, but in a silly, mocking, disbelief kind of sense. The tag line for the video is this: ‘A tribute to all those trading the markets’.

The ad is quite lofty, silly, and stupid, since it’s not ironic in a Saturday Night Live type of skit way. Trading has always had an alluring appeal, everyone thinks they’re going to be the ones to beat the market, swimming in coins like Scrooge McDuck. However, it’s a very risky and challenging endeavor, especially in today’s market, what with high frequency trading, insider trading, black swans, debit crisis after crisis, unknown governmental regulations, and so on. The only ones who might make money are the companies who make money with each trade, like TD Ameritrade, Schwab, Etrade, and ScottTrade. The more day trading you do the more they make.

Right now the video has been viewed over 25K times on YouTube, with 159 likes and 10 dislikes. I wonder if it’s getting people fired up to trade? With so many people out their looking for work, some might just take up day trading as a last ditch effort. Let’s hope they know what they’re doing or at least proceed cautiously and get some advice from some experts. Where are those experts though. That’s the real question. OpenTrader.com seems to be saying their on their network and all you have to do is signup to find out.

As my Dad would say whenever he sees a ridiculous money making scheme type commercial on TV: SCAM.

We are not afraid to take losses….to talk about our losses…to rebound from our losses….those are our defining moments.

Hat tip to American Public Radio for pointing me to the video.

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