South Korea just accidentally discovered how to kill degen culture: mandatory trading classes.
Bloomberg reports Korean day traders are ditching leveraged ETFs after regulators forced them through 1-hour minimum sim trading sessions. You have to practice with fake money, learn how leverage actually works, understand the risks... before you can ape in.
Result? Interest in high-risk products is cooling fast.
Turns out when you make people sit through the mechanics of how they can get rekt, fewer people want to get rekt.
This is either genius risk management or the death of retail degen energy depending on which side of the trade you're on.
Wonder how long before other markets copy this playbook.
Bloomberg reports Korean day traders are ditching leveraged ETFs after regulators forced them through 1-hour minimum sim trading sessions. You have to practice with fake money, learn how leverage actually works, understand the risks... before you can ape in.
Result? Interest in high-risk products is cooling fast.
Turns out when you make people sit through the mechanics of how they can get rekt, fewer people want to get rekt.
This is either genius risk management or the death of retail degen energy depending on which side of the trade you're on.
Wonder how long before other markets copy this playbook.
