So what law did he actually break? If what you said is all true it sounds like his only crime was outsmarting the corporate firms who were doing the exact same thing just not as good.
Sounds to me like he was doing what EVERY retail investor feels should be done. Our money being stolen by algorithms by hedge funds. I'm not mad at him at all.
If anyone isn’t profitable that’s specifically their problem man. Anyone who manipulates the markets will get punished for it when caught including the big institutional investors so the guy very much deserved the punishment. There are many profitable people in the market and it takes actual work to be successful just like any other business and trying to cheat himself there was very selfish and obviously a crime
This dude is awesome. He got in trouble because he beat them at their own game . Politicians always use insider trading to get millions . He should have kept his money . I would have been in another country living it up .
If he was a hedge fund manager, he would be celebrated! He would get a bonus so big that he could retire, but because he is smarter than them and better than them, they are jealous and they cannot stand it! So they use him to be an example to any of us who would dare come up against their crooked power!
Two notes for my Brethren: 1. We are bifurcating content: There will be "MegaloMedia Originals", I want these to look like freaking movies (we're not there yet, but we're making great progress with 3d scenes and ai tools), AND there will be low-editing content, i.e. my face talking about business/finance/economics. 2. If you want to join the waitlist for our Bali workation, you can do so here cqm0m1jz73x.typeform.com/to/BOEr3RLp - I think we will build great friendships (& businesses) there.
Hello. We get it after the first interruption. The video is great, but almost ruined by the constant interruptions. I'm sure the video would have lots more views if you just let it run!!
If he was a giant hedge fund it would just be another day, shows the reality we are living in, on what basis is this illegal when he is doing exactly what the markets runs off?
Because he isn’t just buying and selling he is not doing either, he is canceling his order but since the data takes a hit on algo it will dip but since the tensions were high since the 2008 crash people panic sold, the same can happen today, and welp I bet it will 😊🫣😮💨
It’s not a free market. The GameStop thing is proof. The big short is proof. Big players can do what they want and if you, the normal person does it, you’re “illegal”.
Excellent video as always but here is my problem I have been making losses trying to make profit trading. I thought trading demo account is just like trading the real market... can anyone help me out or at least advise me on what to do
You're right! I have lost a lot trading all by myself without a guide. It's been an uneasy ride for me. Who is your mentor please. how can i reach her i really need help in this bear market now?
YES!!! That's exactly her name (Kate Herman) so many people have recommended highly about her and am just starting with her, Kairangi from Brisbane Australia..🇦🇺
they saw his bank balance and went after him, when they saw even he got scammed and had nothing, they let him go, tells you all you need to know ......................
Sarao pleaded guilty to one count of electronic fraud, and one count of "spoofing" - which is illegal in the US. He initially faced 22 charges, which carry a maximum sentence of 380 years. Sarao then spent four months in Wandsworth prison before being extradited to the US. Unusually, he was allowed to return to the UK before sentencing, where he has been helping authorities catch other market fraudsters. But prosecutors ultimately decided not to push for a jail sentence, as Sarao didn't spend the money on any luxuries and had quickly lost his windfall to fraudsters. They also took into account his autism, time in jail already served, and that he has been helpful to the government for several years since then. In 2016, Sarao agreed to pay the US government $12.8m (£9.9m), the amount prosecutors said he earned from his illegal trading. Altogether, he is thought to have made a profit of about $40m (£31m) in the space of five years.
That’s why all these bots are used to manipulate the markets it’s a unfair advantage it’s like Vegas they always win. Every other commercial has some Bot AI algorithm trying to steal everyone’s money stupid people buy into it thinking they’re going to get rich
What did Sarao really do wrong? Make trading profits that made the big brokerage firms jealous? I think that's all he's really guilty of. All trading profits are based on disinformation and misdirection that the media (TV, radio, websites, etc.) push out to the general public, courtesy of the big brokerage firms. How is spoofing any different? Spoofing is still done today.
What baffles me is he is making more money than most investors would dare to dream of, yet he trusts his money to be further invested by complete strangers.
Somebody needs to make a movie out of this guy!!! No one will ever trust AI Guy got ripped off by a dirty Banker then exposes the corrupt financial Banking system
The stock market never makes money disappear it merely provides the mechanism for it to change hands from the person on the wrong side of a trade to the person on the right side of the trade period.
Wait… if he’s down to $0, what about all the money in his offshore account, does he not have access to it at all? This is suppose to still be a BIG WIN for him regardless.
Spoofing still happens. I’m a day trader and I’ve watched orders come into the market that are sometimes 100x what the typical volume is and as orders start going through to buy into the sell order it gets pulled off and the price will spike upwards 5%-10%. It’s very uncommon to happen and usually when someone places those major orders the stock goes the opposite way due to volume being so low so the traders trading the stock realize there won’t be enough buying pressure to break the order
That's why Dr David Paul says that big bars should be accompanied by big volume and small bars by low volume, because banks, institutions can not manipulate the volume, they can only manipulate the price. If there are big bars accompanied by low volume,it's better to stay away and also what's happening in the higher timeframe determines the trend of the market so top down analysis is crucial.
I see the whales planting huge buy walls and sell walls all the time on the Level 2 Ask Bid ladder... it can be especially effective after hours when the normal volume is much lower than compared to the normal market hours.
Never understoood how algos hurt day traders. You can see the imprints the algos leave in the tape and trade with them. When they push the tape down to hit everyones stops you can put a buy order there for example. This works great for scalps especially. As soon as the algos hit the stops, they buy and sell among themselves to push the tape higher.
In his interview he told, he's algo was capable to bringmarket up and down for few bits but crashing the markets was not possible with account he hold, and was made a scapegoat by the big boys
For those wondering, he was sentenced to 1 year of supervised release (home detention). Made has much as $70m but never cashed in and lives out of social security cheques
I’m a psychologist and specialize in mental diagnosis. I’ve never met an intelligent psychopath that claim they have psychopathic tendencies. Just saying. Most of them don’t even know.
I think he is too smart that he knew this would happen. So, in short, he got all planned where those money would be placed and are readily available whenever possible he needed or reclaim. I think, he's much more steps ahead the prosecution.
Damn! So inspiring for me as a trader, I've been through depression losses and profits. This is extremely motivating for me. I guess, Navinder beat Jesse Livermore hands down
Institutional trading firms do things that should be considered illegal every day for manipulation of market, but once they get screwed over by their own strategy someone have to go to jail. Interesting.
How can a private trader (presumably licensed?) have enough collateral to put hundreds of really large buy orders in, which are large enough to greatly affect the price? Don't traders have credit limits set? How come he was allowed to place such large orders as a private individual? I don't understand... P.S. AFAIK 'Spoofing' is still not illegal in the UK and EU, so you can still do it as long as you don't pick the US stock market!
Hello! I really like your videos, well done! I would love to know the process you use. Do you film the footage yourselves or do you use stock images? CAN you tell more about the process, ans sofetware… pls I’m asking because I would like to start creating this type of video myself, with inspiring stories, but based in France. Thank you!
If you enjoyed this one, you will like my latest video about the legendary CIS Trader too: th-cam.com/video/fNQCPICHAdA/w-d-xo.html
So what law did he actually break? If what you said is all true it sounds like his only crime was outsmarting the corporate firms who were doing the exact same thing just not as good.
Bot used by big investment companies are legal. But bot used by a smart individual trader is illegal. What an unfair game.
Spoofing is illegal regardless of who does it. Guy got off easy but hopefully the prison time and ordeal helped him learn his lesson.
bigs corps use bots to make transactions in split seconds not making false trades
I bet you know what your talking about🥴@@johnpersechini4951
It’s okay if they get rich , but the middle and lower class isn’t allowed apparently
When they took his money, did they share it with with traders who lost that day? Of course not😂
Sounds to me like he was doing what EVERY retail investor feels should be done. Our money being stolen by algorithms by hedge funds. I'm not mad at him at all.
They can cheat us manipulating the market but when one of us does it, THEN it's illegal. BS!
Welcome to Wall Street, but if you're a politician trading, then it's totally OK.
It's only ok for hedge funds 😮
If anyone isn’t profitable that’s specifically their problem man. Anyone who manipulates the markets will get punished for it when caught including the big institutional investors so the guy very much deserved the punishment. There are many profitable people in the market and it takes actual work to be successful just like any other business and trying to cheat himself there was very selfish and obviously a crime
No you just unprofitable
This is what happens when you out smart the big players, you still lose. What a scam we live in
Moving on up he is 2D to 3D
This dude is awesome. He got in trouble because he beat them at their own game . Politicians always use insider trading to get millions . He should have kept his money . I would have been in another country living it up .
Politicians always use insider trading to get millions . PELOSI.
The sad thing is they can legally do it. They can hear Congressional testimonies and then inside trade based off of that information
@@Andrzej-uw1ho ...ASK HOW CROOK PRESIDENT GOT OVER MILLION IN HIS ROTH/IRA
Hey, I want to start investing but don't know where to begin. Any advice or contacts for help?
It's wise to seek professional guidance when building a strong financial portfolio due to its complexity.
Talking to an expert like Margaret Burwell to reshape your portfolio is a smart move.
Certainly! I diversified my $31,000 portfolio across different markets
I made a net profit of around $206k by investing in high dividend yield stocks, ETFs, and equity
The reality is that you cannot do it without a tried and true trader like Margaret.
So this man was arrested for doing the same thing the top dogs are doing. Rigged market
Not the same. He was beating them at their own game!
if he was beating them at their OWN GAME he was doing the same dont you feel stupid?@@kimpeater1
@@kimpeater1he was most definitely beating them at their own game but the fact that they in charge of how the game is ran is even crazier ❗️
well, actually the system moved their involvement to a person which does not exist...............
They are protected by american administration, He was not. But he will emerge finally some day. Smarter than ever.
If he was a hedge fund manager, he would be celebrated! He would get a bonus so big that he could retire, but because he is smarter than them and better than them, they are jealous and they cannot stand it! So they use him to be an example to any of us who would dare come up against their crooked power!
Watch this Trader Legend Video next - incredible learnings: th-cam.com/video/2CkpmA90F5M/w-d-xo.html
Two notes for my Brethren: 1. We are bifurcating content: There will be "MegaloMedia Originals", I want these to look like freaking movies (we're not there yet, but we're making great progress with 3d scenes and ai tools), AND there will be low-editing content, i.e. my face talking about business/finance/economics.
2. If you want to join the waitlist for our Bali workation, you can do so here cqm0m1jz73x.typeform.com/to/BOEr3RLp - I think we will build great friendships (& businesses) there.
😅
bro is an obvious copy of magnates media
@@djpriest123let him adapt to the market and remain competitive.
Hello. We get it after the first interruption. The video is great, but almost ruined by the constant interruptions. I'm sure the video would have lots more views if you just let it run!!
He was used as a scape goat and now he works for the elite
If he was a giant hedge fund it would just be another day, shows the reality we are living in, on what basis is this illegal when he is doing exactly what the markets runs off?
Because he isn’t just buying and selling he is not doing either, he is canceling his order but since the data takes a hit on algo it will dip but since the tensions were high since the 2008 crash people panic sold, the same can happen today, and welp I bet it will 😊🫣😮💨
@@Kitbvdrubthis happen when hedge fund use orderflow
thats eaxctly what they do lol@@Kitbvdrub
@@Kitbvdrubbut this is also what high frequency trading algos do all the time 😂
@@Kitbvdrubif you read the lvl2 tape.. it’s constantly going on.. so firms with billions can do it to people but regular people cannot do it 😂
It’s not a free market. The GameStop thing is proof. The big short is proof. Big players can do what they want and if you, the normal person does it, you’re “illegal”.
I hate when they can spoof the market but when your regular Joe does it they come for you. SMH
The game is rigged sometimes
@@megalomedia all the time brother. I know some people who were on Wall Street. They tell me it is 100% rigged
Well what in this world in not rigged. We have to learn it and then beat them at the game.
Just trade on real defi. No rules.
What's real defi?
Great narration G! create as much suspense as possible.
Thanks, brethren. 🦍🦍
"so everybody can have a juice box and think about what they have done" got me DED af!!!!! HAHAHAHA
😂me too
Best one yet! Never heard of this guy
28:40 Even a emotionless multi millionaire trader cannot ignore the Butter Chicken
Impossible!
Chicken tikka masala too. British national dish
Dont forget the naan man
Sipping on his mango lassi
Sipping on his mango lassi
How can a US government agency have ANY jurisdiction in the UK?!!!
money
If a law is illegal in the other country then they can get you from anywhere
@@SoaksOnDeltaForce in North Korea too?
@@oldskool1977 lol I think you don't understand how much power the dollar has
Because it's the US stock market lol
Excellent video as always but here is my problem I have been making losses trying to make profit trading. I thought trading demo account is just like trading the real market... can anyone help me out or at least advise me on what to do
You're right! I have lost a lot trading all by myself without a guide. It's been an uneasy ride for me. Who is your mentor please. how can i reach her i really need help in this bear market now?
YES!!! That's exactly her name (Kate Herman) so many people have recommended highly about her and am just starting with her, Kairangi from Brisbane Australia..🇦🇺
Any specific guide. I'm from New Orleans how do I go about this? I think I'm interested how can I get in touch with Mrs Kate Herman
I will leave her info below this commend
+1
they saw his bank balance and went after him, when they saw even he got scammed and had nothing, they let him go, tells you all you need to know ......................
It's even worse. They took the last 7 million he did have... He's left with nothing now.
We live in a matrix world
Where you are just living bcoz a group of superior people have allowed u to live
Sarao pleaded guilty to one count of electronic fraud, and one count of "spoofing" - which is illegal in the US. He initially faced 22 charges, which carry a maximum sentence of 380 years. Sarao then spent four months in Wandsworth prison before being extradited to the US. Unusually, he was allowed to return to the UK before sentencing, where he has been helping authorities catch other market fraudsters.
But prosecutors ultimately decided not to push for a jail sentence, as Sarao didn't spend the money on any luxuries and had quickly lost his windfall to fraudsters. They also took into account his autism, time in jail already served, and that he has been helpful to the government for several years since then.
In 2016, Sarao agreed to pay the US government $12.8m (£9.9m), the amount prosecutors said he earned from his illegal trading. Altogether, he is thought to have made a profit of about $40m (£31m) in the space of five years.
I read your comment as the intro was playing, and now I feel like I no longer need the video. Thx bro 😂
I'm with alphamindtactics. ❤ I'm actually happy with the outcome. he's just playing the same game as the big name.
It is also a shame he didn’t have more able to access, I’m sure the offshore accounts got frozen as soon as he was arrested.
When a big company's bot wins, nothing happens. But when a regular guy's bot wins against them, they get arrested. Why is that?
The difference is slow Robbery..! Don't cause surge or crush...😅
@@doganorgun841I like that🙏🏿👏😅
Unfair
That’s why all these bots are used to manipulate the markets it’s a unfair advantage it’s like Vegas they always win. Every other commercial has some Bot AI algorithm trying to steal everyone’s money stupid people buy into it thinking they’re going to get rich
Thugs
wow what a great documentary, better than Netflix, thanks
26:40 just like luring a fish 😂 the fish is the bots and the lure is the buy orders and automatically cancelled 😂
30:30 sell orders i mean not buy orders.
lol 😂
This felt like a movie
this channel is slept on
They don't like it, when someone else wins!
Shows just, how humans just defeat their best players / ones...
This is madness, big firms and even governments spoof all the time and its not considered a crime .
If you behave like the government, you'll be arrested, Anonymous-
What did Sarao really do wrong? Make trading profits that made the big brokerage firms jealous? I think that's all he's really guilty of. All trading profits are based on disinformation and misdirection that the media (TV, radio, websites, etc.) push out to the general public, courtesy of the big brokerage firms. How is spoofing any different? Spoofing is still done today.
Just need to find Loopholes in each and everything
And you're beating the market
How much start on the loophole ninja?
It's Mike here in Johannesburg South Africa.Pls help me.I wanna be the first to know about loophole
first you find the loop, and then you find the hole@@nkosinathimadulube5791
I think I should do better than Navinder 😅
What baffles me is he is making more money than most investors would dare to dream of, yet he trusts his money to be further invested by complete strangers.
I haven’t laughed this hard in a minute when you said “that way everyone can have a juice box and think about what they’ve done” 😂
Somebody needs to make a movie out of this guy!!! No one will ever trust AI
Guy got ripped off by a dirty Banker then exposes the corrupt financial Banking system
SOOO WHAT HAPPENED??? WHERE IS HE NOW...HE IS A GENIUS
The stock market never makes money disappear it merely provides the mechanism for it to change hands from the person on the wrong side of a trade to the person on the right side of the trade period.
True 😆
This is a temptation and an inspiration from a smart guy 💯💯💯💯💯💯
Wait… if he’s down to $0, what about all the money in his offshore account, does he not have access to it at all?
This is suppose to still be a BIG WIN for him regardless.
He makes the world better by showing a vulnerability in the system but got nothing in return
Spoofing still happens. I’m a day trader and I’ve watched orders come into the market that are sometimes 100x what the typical volume is and as orders start going through to buy into the sell order it gets pulled off and the price will spike upwards 5%-10%. It’s very uncommon to happen and usually when someone places those major orders the stock goes the opposite way due to volume being so low so the traders trading the stock realize there won’t be enough buying pressure to break the order
Interesting, thanks for the insights. 💪
That's why Dr David Paul says that big bars should be accompanied by big volume and small bars by low volume, because banks, institutions can not manipulate the volume, they can only manipulate the price. If there are big bars accompanied by low volume,it's better to stay away and also what's happening in the higher timeframe determines the trend of the market so top down analysis is crucial.
I see the whales planting huge buy walls and sell walls all the time on the Level 2 Ask Bid ladder... it can be especially effective after hours when the normal volume is much lower than compared to the normal market hours.
YOU HAVE TO know HOW TO PLAY... OTHERWISE DONT EVEN TRY..
This dude was just the scapegoat
Never understoood how algos hurt day traders. You can see the imprints the algos leave in the tape and trade with them. When they push the tape down to hit everyones stops you can put a buy order there for example. This works great for scalps especially. As soon as the algos hit the stops, they buy and sell among themselves to push the tape higher.
Would you please elaborate as to how to spot them exactly
This really great guys. Well done.
When he had 3 million in the bank he should of move to some place where they don't have an extradition treaty with the US and the UK.
really well made
Thank you appreciate it!
When you create system where spoofing is possible, dont be surprised people try get advantage of it.
In his interview he told, he's algo was capable to bringmarket up and down for few bits but crashing the markets was not possible with account he hold, and was made a scapegoat by the big boys
Well done video!
I especially enjoy your videos on traders, Jim Simons and his Medallion fund, and Berkshire Hathaway/Warren Buffett related videos ❤
Much appreciated! Thanks for the inspiration/ feedback on topics.
For those wondering, he was sentenced to 1 year of supervised release (home detention). Made has much as $70m but never cashed in and lives out of social security cheques
6:54 is the biggest wtf moment, ngl!
bro is trying to look like the goat magnets media king
This guy only mistake was not to hide under a big brand
What a Legend....part 2 please
Why and what did he do was criminal? Doesn't all these big hedge funds and the big financial institutions doing the same thing every day?
thanks for the explanation
You bet!
What a shame that they banned this genius from trading
good thing is he still has the 65M in the offshore accounts
The maker of this video is a genius 💯
Better be 🦍
If he was in Nigeria nigerian government would have protected him
Na they would have taken all his money and locked him up
Ya'll couldn't protect Hush Pappi please Abeg 😂
@@delaneypeterson1433Facts😂😂😂😂
Hedge funds be like " we must win. You must loss for us"
How come your views are so low?
Your videos are so awesome and interesting
We are getting there now 🫶
All from 1 person, really mind blowing
This shows that everyone can make money if he stay learning and consistent
I love this guy, He is a genius
I’m a psychologist and specialize in mental diagnosis. I’ve never met an intelligent psychopath that claim they have psychopathic tendencies. Just saying. Most of them don’t even know.
You know what also takes a grain of intellect? Sarcasm.
@@megalomedia lmao
Just came across your channel great stuff
Thanks and welcome 🤗
I would happily watch a movie based on this story..
I think he is too smart that he knew this would happen. So, in short, he got all planned where those money would be placed and are readily available whenever possible he needed or reclaim. I think, he's much more steps ahead the prosecution.
He did exactly what the big waves do with the people behind them.
Binance does it all day every day, and who's there to stop it? I just dont look at the order book anymore
Most SERIOUS Traders start at 4:00am least the 1st 5 yrs lol! Maybe 4:30 but I’m for work running a crane, hoping one day to retire early!!🤞
I wonder where is he now, how big is his account. Respect Navinder!
Damn! So inspiring for me as a trader, I've been through depression losses and profits. This is extremely motivating for me. I guess, Navinder beat Jesse Livermore hands down
I recomend u paladin strategy
Bro was smart and dumb at the same time. Addicted to trading instead of stopping and taking the money to enjoy life. LOL
Exactly like what most traders, he's got obsessive nature so he only focused on raking it in. 😮
Bro savant people can beat anyone
He was just a kid
He enjoyed the money by eating chicken tikka masala that is not enough?
He enjoys life without the money, that's not stupid, it's a superior intelligence
Institutional trading firms do things that should be considered illegal every day for manipulation of market, but once they get screwed over by their own strategy someone have to go to jail. Interesting.
If ChatGPT gets wiped out tomorrow, this channel will seizes to exist. I have never seen a more copy paste format. Good infos tho
I'll stick to crypto.. At least there they don't hide the sham.
This idea with the villa in bali is awesome i wish more people did something like that
Have ever just watched a trade that it just confiently drop right before time runs out...
I can predict what video is all about a indian trader who lives in London..stuff like that
Me 2 .suffing
You should be a trader..
Jai Hinduja. We are also sore that the Brits swipe out 45 trillions from Mother India
Probably as Indians do love a good internet scam
Deus ex shit
How can a private trader (presumably licensed?) have enough collateral to put hundreds of really large buy orders in, which are large enough to greatly affect the price? Don't traders have credit limits set? How come he was allowed to place such large orders as a private individual? I don't understand... P.S. AFAIK 'Spoofing' is still not illegal in the UK and EU, so you can still do it as long as you don't pick the US stock market!
Welcome to Bali Bro, Let me know when you in Bali already .. :)
Thanks! Will do! End of March until mid April would be the best time to meet! Come drop by our villa for example.
Great video!
Glad you enjoyed it
Payout(40 Year)=10,000B
Insurance:
Premium=? Yield=10% Year=40
Premium=10,000B/1.1^40
Premium=250B=100%
Loan(20 Year)=200%=500B
Yearly=500B/20 Year
Yearly=25B
Thank you.
I remember this. I was in the market at that time 😮
He merely figured out how the trading firm bot works and beat them at their own game. Trading IS gambling.
It's not wiped out, it just went to other people.
What future trading platform did Fulex or Navindar?
I really suspect he is now a "consultant" for the government ...those brains are too hot not to be used
He just take his revenge as Indian 😎
😎📈🇮🇳
Singh is King. As proven.🤣
Why the US arrest him ? he was doing the same what others top dog of wall street doing. So why him only?
Aw man... wow... wish I could go to the gathering ❤ hope it's awesome!
They should make a movie about this story
Hello!
I really like your videos, well done! I would love to know the process you use.
Do you film the footage yourselves or do you use stock images? CAN you tell more about the process, ans sofetware… pls
I’m asking because I would like to start creating this type of video myself, with inspiring stories, but based in France.
Thank you!
How is this any different than sandwiching in crypto?
Nav will create AI to defeat AI. He is a time traveller to stop judgement day
I don't understand everyone. That's why it's called unrealized profits you can't lose what you don't sell unless it goes bust.
Oh Yeah, who else wants to go spend two months with the “psychopathic tendencies” guy😂
What AI did you use for those animations?
prolly midjourney
It's a whole mix, mj, runway, blender, adobe animate etc.
jim cramer flipping out is hilarious
He gone do his little easy jail time and get out a multi millionaire