November 11, 2024

Photo-Illustration: the Cut; Photos Getty Images

Oscar Thaw, a 24-year-old crypto day trader who calls himself “Doctor Racso,” claims to have turned $40,000 into half a million dollars in only ten days through “trading charts” and astrology. Alas, as he told YouTuber Caleb Hammer, he then lost almost all of it on the market. “I made the money because I was a good astrologer, but I lost the money because I was a bad trader,” he said. Thaw used astrology, he tells me, to look for “signals” for when the stock market would shift. “Only then I decided to gamble because I was so excited,” he says. “I felt like if I can predict the market, then I’m basically a god.”

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Photo-Illustration: by The Cut; Photo: Getty Images

By Madame Clairevoyant

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A biweekly newsletter interrogating modern family life, written by Kathryn Jezer-Morton.