Video of a trader blow up Today, NSFW lol

Quote from lwlee:

Really unfortunate.

He was ranting that 100 basis pt count still wouldn't recover the market. Ironic that the RUT has been outperforming the rest of the market. It's only down 0.76% while the rest of the market is down more like 1.3%.

Sometimes it better to react to the market than trying to predict it.
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Russel is already in a bear market so seeing it down only 4 points compared to 46 on the NDX doesnt surprise me, the RUSSEL has seen such a drop compared to other indexes in the past year.
 
RUT's drop has been much steeper than the other market since this all began.

er2 just hit 675, flat from Friday. Sometimes it just feels like the market is out to get you.

Quote from S2007S:
Russel is already in a bear market so seeing it down only 4 points compared to 46 on the NDX doesnt surprise me, the RUSSEL has seen such a drop compared to other indexes in the past year.
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I am sure all of us can relate at one time being in a trade and right when you hit the uncle point of max pain and stopped out or were margined called out the market did a 180 and made you look like a fool. Anyone who has ever traded has done it at osme point and time.
 
wow, this dude could have got all his money back today !

here is the golden rule of trading - never use stop loss orders, always average down..... if the market drops some more, average down again,

eventually what went down must come back up !
 
Quote from dozu888:

wow, this dude could have got all his money back today !

here is the golden rule of trading - never use stop loss orders, always average down..... if the market drops some more, average down again,

eventually what went down must come back up !
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ARE U FUCKING CRAZY!!!!!!!!!!!!!!!! :eek:
 
OP did not have a stop loss. And he got out something like 20 pts from the lows. With the higher overnight margin, it was a bit of surprise that IB did not liquidate. With 10 contracts, no way he could have martingale the position.
 
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