Rookie Trader Racked Up $700K In Debt

[maxinger]

Rookie Trader Racked Up $700K In Debt
we believe.

Rookie Trader Profit Up $700K In a day
we don't believe.

start with demo account. If you can't profit from demo account,
100% you can't profit when you go live.

 

[southall]

Rookie Trader Racked Up $700K In Debt
we believe.

Rookie Trader Profit Up $700K In a day
we don't believe.

The bit about the Rookie trader topping himself adds some credence to the story.

 

[southall]

start with demo account. If you can't profit from demo account,
100% you can't profit when you go live.

And making money in a demo accounts doesnt mean shit.

Its easy to make money in demo because you dont get shaken out by the heat.

 

[Nobert]

"potentially unlimited losses"

Haha, yes, drugs are in that category too.

Rookie Trader Racked Up $700K In Debt
we believe.

Rookie Trader Profit Up $700K In a day
we don't believe.

Great insight.

Got recent examples.

But it's more like, that we dont believe - that it will remain the long term record.

 

[analytics]

If I can get access to that unlimited leverage, I would love to do a huge unfavorable-odds Rio spread. 10% chance to make millions, 90% to lose 20-30k and simply forever disappear from USA, a place I never find attractive

 

[southall]

If I can get access to that unlimited leverage, I would love to do a huge unfavorable-odds Rio spread. 10% chance to make millions, 90% to lose 20-30k and simply forever disappear from USA, a place I never find attractive

Sounds like a good bet, so why dont you do that bet at 1/10th size.

So 10% chance to make 100s of K, 90% chance to lose 2-3K?

My guess, in reality the odds of winning are much less than 10%??

 

[d08]

How does a 20 year old with no income get access to that kind of leverage/exposure?!

Here we go, it's the system that's the problem, not him or his parents. Everyone will suffer because of one, sorry to say this, idiot.

 

[d08]

They fail to understand what "potentially unlimited losses" means.

Shorting equities has "potentially unlimited losses", it doesn't matter much. It's the likelihood that matters.

 

[Turveyd]

Okay, peaked my interest I'll look into Robin Hood Later

Bet I can get my debt over the 1Mil, only 700K light weight!!

 

[zdreg]

It's not just the college kids, but also the retirees (gambling), I mean trading, their ss checks.

What can you expect? Many retirees are barely getting by. They hear the stories of successful traders.