3408: Trading Games by Nick Maggiulli of Of Dollars and Data on Smart Trading Strategy

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Business, Education, Investing, Self-improvement

4.5 • 1.3K Ratings

🗓️ 2 January 2026

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3408: Nick Maggiulli unpacks the rise and downfall of Atlas Trading, a group of financial influencers charged with running a $100 million pump-and-dump scheme. Through this cautionary tale, and a parallel story of extreme legal risk-taking, he exposes the dangerous allure of quick profits, while reminding us that the real pros in finance aren’t making headlines; they’re quietly doing honest work. Read along with the original article(s) here: https://ofdollarsanddata.com/trading-games/ Quotes to ponder: “Do not use followers as exit liquidity. Do not flex, or entice others to do your trades. Do not lie.” “The more risk you take, the more likely you are to see an extreme outcome (to the upside or the downside).” “In the game of trading, the only winning move is not to play.” Episode references: Jason Zweig – The Intelligent Investor column: https://www.wsj.com/news/author/jason-zweig SEC lawsuit press release: https://www.sec.gov/news/press-release/2022-219 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Have you ever noticed how a calm mind can really set the stage for a good night's sleep?
0:05.1	That's the idea behind our new podcast, Good Sleep. Greg, our host from Optimal Relationships Daily,
0:11.9	is here to help ease you into a peaceful night's rest with some positive affirmations.
0:17.1	And these affirmations aren't just comforting. They can help ease anxiety and nurture positive thoughts,
0:23.7	setting you up for true good sleep. So press play on good sleep tonight because a good tomorrow
0:30.3	starts with a good night sleep. Just search for good sleep in your podcast app and be sure to pick
0:36.7	the one from Optimal Living Daily.
0:40.3	This is Optimal Finance Daily, Trading Games, by Nick Majuli of of Dollars and Data.com.
0:48.8	This week, the SEC filed suit against eight financial influencers from Atlas Trading, an online stock
0:56.1	picking community for manipulating their social media followers into buying and selling stocks for
1:01.6	their own personal gain. The suit explains how their scheme worked. Quote, they identify stocks
1:08.6	ripe for manipulation, acquire substantial positions in these securities,
1:13.4	and then recommend those stocks as good investments to their followers on Twitter,
1:17.6	in online stock trading forums they run, and on podcasts.
1:21.7	They encourage their followers to purchase the selected stocks,
1:25.2	often claiming that they likewise have bought or intend to buy
1:28.5	these stocks for themselves and hold them. Instead, the defendants sell their shares into the
1:34.6	demand that their deceptive promotions generate, end quote. Since January 2020, the influencers
1:41.8	earned approximately $100 million from their illicit trading activities,
1:47.0	making it one of the largest pump and dump schemes in American history.
1:52.0	Alex Good wrote an incredible thread providing details on exactly what these influencers did,
1:57.0	and why you should avoid these kinds of behaviors.
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