Pro NY trader goes from 200k salary down to 25k

Quote from nkhoi:

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You don't trade nkhoi
 
Quote from Cutten:

Stories like this are so common. It's amazing to me how many people just assume the good times will always continue to roll. Going from multiple 6-figure years to penury in 18 months is just ridiculous.

So if he was on 200k per year, paying 80k in taxes, then over 5 years the government got 400k, and various NYC businesses, the bank, and the guy who sold him the condo got the other 600k. The broker made 1 mill in 5 years and got ZERO at the end of it.

Total lunacy.
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it ws a terrific ride. his wife thought he was great for 5 years. now it is the turn of the pizza delivery boy. don't begrudge the pizza delivery boy.

anyway it is the wife's fault. she should have looked in th mirror and asked what did i do to deserve this luxurious living.

then when she answered the question she should have prepared herself for the inevitable downfall.
 
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