Recently, there are numerous advertisements in social media of Hong Kong, saying that they can teach you how to use AI for stock trading, and can earn HK$3000 (US$384) per day, by using their method of buy today and sell tomorrow. No need to have any IT background, even a housewife can become rich in a few days. They emphasize no need to download anything, just click their link. And you will have unbelievable experience.
I took a screenshot and asked the AI—–they are scammers, but known as “pig butchering” or “fishing” account. They would appear to be your girlfriend or boyfriend, in great care of you. Or your fans for you are a good stock trader, if you are a poor stock trader they would appear as your mentor. Pig butchering means the case of raising a small pig to a big pig needs time. They have to pay out something you want to eat, that is let you earn small money first, and when you are fat enough, put more money into the account and they will slaughter you. Fishing is the same meaning give you some bait to eat first and capture you later. They said you have earned great money, but you need to deposit some money in order to get the billions to cash.
Very simple, their headquarters are in KK Park of Myanmar or Cambodia, even a number of senior managements were captured, but just a corner of an iceberg. They are extending to other parts of the world in a very quick speed and very high scamming level. They will tell you on market closing, they are ready to disclose stocks that will rocket high tomorrow, and ugly duckling can turn into swan, mountain chicken can turn to phoenix. When you have any questions, ask AI first, do not transfer money to any person you have not seen.
About the Author
Daniel Yue has been an active investor since 1980, with experience spanning stocks, currencies, futures, metals, and bonds. A scholar of the Chicago School of Economics, he holds a Certificate with Distinction from Cambridge University and a degree in International Trading from National Taiwan University. He served as Chief Analyst for over 30 years and Chief Mentor at Sincere Finance. In 2017, he received an award from the University of Arizona for financial internship leadership.
The analysis and opinions expressed in this article are for educational purposes only and do not constitute financial advice. Investing involves risk. Please consult a qualified financial advisor before making investment decisions.
About the Author
Daniel Yue has been an active investor since 1980, with experience spanning stocks, currencies, futures, metals, and bonds. A scholar of the Chicago School of Economics, he holds a Certificate with Distinction from Cambridge University and a degree in International Trading from National Taiwan University. He served as Chief Analyst for over 30 years and Chief Mentor at Sincere Finance. In 2017, he received an award from the University of Arizona for financial internship leadership.
The analysis and opinions expressed in this article are for educational purposes only and do not constitute financial advice. Investing involves risk. Please consult a qualified financial advisor before making investment decisions.