Thai love daytrading, it's like playing casino

This rich Thai lady I know lost 10 mil THB on day trading by buying speculative stocks thanks to "valuable" golf tips. What she failed to realize was she was being played by bigger fish. That's how it works here. Spread rumors, hype the company and then cut and run, leaving the poor clueless suckers in the dust.

I tried to warn her but she wouldn't want to hear any of it as I am a farang and I don't know anything, and she kept buying those losers making 10 mil THB round trips while her friends were doing 50 mil THB round trips on a SINGLE stock, barely covering the cost of their mistakes.

That's beyond stupidity and ignorance, that's why I call it the herding effect. They just want to show off. If they cared about the money, they wouldn't take so much risk for so little return.