What are the chances he bought the high after the cut and blow out his last 15K??
I am pricing in at least 33% he did get long again.
I am pricing in at least 33% he did get long again.
Video of a trader blow up Today, NSFW lol
- Thread starter jtnet
- Start date
Here is his post trade damage analysis:
<object width="425" height="373"><param name="movie" value="http://www.youtube.com/v/kE6O02T6Vvw&rel=1&border=1"></param><param name="wmode" value="transparent"></param><embed src="http://www.youtube.com/v/kE6O02T6Vvw&rel=1&border=1" type="application/x-shockwave-flash" wmode="transparent" width="425" height="373"></embed></object>
<object width="425" height="373"><param name="movie" value="http://www.youtube.com/v/kE6O02T6Vvw&rel=1&border=1"></param><param name="wmode" value="transparent"></param><embed src="http://www.youtube.com/v/kE6O02T6Vvw&rel=1&border=1" type="application/x-shockwave-flash" wmode="transparent" width="425" height="373"></embed></object>
I can't stop laughing watching the first video!! 
But he is still there today so it isn't so bad. And he stops f**king this f**king that.
But he is still there today so it isn't so bad. And he stops f**king this f**king that.
The really sad part is he still owes capital gains on the 45k he made from last year so there goes 7k more out of his trading capital.
IRC 1256 allows him to write off losses up to 3 years back. So it's a wash (with a one year lag), he'll just get the 7k back in '09 when he reports the loss for '08.
Of course he will but the fact remains is he owes it now and it will take half of his current account just to pay it.