daytrader loses it all.

Quote from Cesko:

One of the functions of free market is removal of money from weak hands by strong hands. It's healthy for society as a whole.
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Details?.........After the 90's, and the market crash, countless numbers of day traders lost everything. No money, and unemployed...how's that good for society as a whole?
 
He might want to create his own fund now... As Nick Leeson said for his come back, " you can't imagine the number of persons that want me to manage their money".

You have to lose big to be recognized:p

For real, sad story when you think he blew his parents life...But he totally deserved it.
 
Quote from TraDaToR:

He might want to create his own fund now... As Nick Leeson said for his come back, " you can't imagine the number of persons that want me to manage their money".

You have to lose big to be recognized:p

For real, sad story when you think he blew his parents life...But he totally deserved it.
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Or maybe he should contact Brian Hunter for a job.
 
The real wild gambler is the father... I mean, he worked hard for all his life and then risked it all on something he did not even completely understand??? HE is the guy that took the big risk and incurred the big loss.
 
Quote from sunggong:

One HUGE difference between people like Soros and this guy is that he's been in the market for less than one year!

At least guys like Soros take more CALCULATED risks.

It sounded to me like this guy was just riding a bull market without much knowledge or techniques and got burned big time on the market pull-back.
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Only difference is Soros " the man who broke the bank of england" was on the correct side of his huge and i mean f**king make or break huge gamble on currency... which he made a hefty $1billion profit. the guy is a genuis...had he been on the wrong side we'd be saying what a fool he was... im not saying anything about money management ..Im just saying many of your Gurus have made ludicris gambles and made a name for themselves...and some have been blown out of the sky....peace
 
Quote from cashmoney69:

Details?.........After the 90's, and the market crash, countless numbers of day traders lost everything. No money, and unemployed...how's that good for society as a whole?
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it got people who didnt need to be traders back out working a 9-5 ..producing..:D
 
Quote from ElCubano:

it got people who didnt need to be traders back out working a 9-5 ..producing..:D
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Thanks. That's exactly how I wanted to respond. I do not understand anybody needs to ask that at all.:confused:
 
"A fool and his money are soon parted" Well in this case a family of fools... and money they didn't have..

They are just trying to live the American dream.. and of course that is.. We spend money we don't have to buy shit we don't need to impress people we don't like...
 
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