Short Stories: The amateur trader
Business Daily
BBC
4.4 • 816 Ratings
🗓️ 23 October 2023
⏱️ 18 minutes
🧾️ Download transcript
Summary
Short selling has gone mainstream. Inspired by the noisy success of activist short sellers, amateur investors are now trying this highly risky strategy themselves.
They’re aided by a slew of new trading apps making it possible to short a stock or currency in seconds.
Peter Roscoe is a YouTube investing vlogger who’s experienced the highs and lows of short selling.
We also hear from the UK boss of trading app E-Toro – who says shorting has exploded on the platform.
Producer: Ciaran Tracey Presenter: Leanna Byrne
Transcript
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| 0:00.0 | Any society needs heroes. |
| 0:01.9 | To have something to believe in. |
| 0:03.6 | Something really extraordinary. |
| 0:05.0 | Not always just the winner. |
| 0:06.8 | Amazing Sports Stories, coming soon to the BBC World Service. |
| 0:10.7 | Nothing is ever quite as expected. |
| 0:13.1 | Follow or subscribe so you never miss an episode. |
| 0:16.1 | Search for Amazing Sports Stories wherever you get your BBC podcasts. |
| 0:24.4 | Thank you. amazing sports stories wherever you get your BBC podcasts. If you were getting into trading stocks or currencies and wanted to learn a bit about it all, |
| 0:30.1 | who would you listen to? Well, up until not so long ago, it would probably have been someone |
| 0:36.2 | in a crisp white shirt and tie, like |
| 0:38.8 | a professional stock market trader. But times are changing. I'm Leanna Byrne and that's what this |
| 0:45.5 | episode of Business Daily is all about. Episode 3 of short stories, a mini series about short selling. |
| 0:52.5 | Today, how the small guy is turning to shorting for a profit. |
| 0:57.3 | So you're probably feeling a little lost in the world of investing. |
| 1:00.8 | Terms like day trading spreads, icees, forest. This is Peter Roscoe, who goes by the name |
| 1:05.7 | Liquor with Ticker on his YouTube channel, a big bearded guy who shares all kinds of amateur financial |
| 1:11.6 | opinions, all filmed in front of a wall of high-grade whiskey bottles. Many still even have |
| 1:17.8 | something left in them. I fell into whiskey kind of by mistake when I moved to Budapest. I was like, |
| 1:23.6 | oh, actually the whiskey index has beaten the S&P 500. So I was like, okay, how do I get into this? |
| 1:29.4 | What I would do is once it's doubled in price, I'd sell one, |
| 1:33.4 | which would pay for one for me to drink, in essence, for free. |
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