your most memerable trade?

This is a discussion on your most memerable trade? within the General Trading Chat forums, part of the Reception category; Wowsa haha you were in on that eh. What a ride, hope it made you one heck of a bundle....

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Old Aug 12, 2009, 1:18pm   #31
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Wowsa haha you were in on that eh.

What a ride, hope it made you one heck of a bundle.
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Old Aug 12, 2009, 1:35pm   #32
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hahahahahahaha
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Old Aug 12, 2009, 1:42pm   #33
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Betting against VW on the wrong side killed Merckle who lost 1 billion in that speculation gone wrong.
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Old Aug 12, 2009, 1:47pm   #34
 
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Now for a serious response from me. I don't really have any really memorable trades, it's a bit lame and uninteresting to me. But where better to start than trade #1. I was in university, i'd always been a bit risk averse but I had always some interest from being around stock market/talking with dad about it since a young age.

I had some savings/student loan lying around. I looked for a ftse100 stock that seemed to be volatile (as volatility was good I considered, and it probably still is.) Off I went, I bought KAZ - some mining company. Few days later, I closed for 14% profit, I thought I was a genius and that was the start of it all....
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Old Aug 12, 2009, 2:07pm   #35
 
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Few days later, I closed for 14% profit, I thought I was a genius and that was the start of it all....
My very first trade with money, no papertrading, I made 8% buying shares of ACS (spanish market) in a couple of days. I thought it was so easy...
it was the start of the end
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Old Aug 12, 2009, 2:35pm   #36
 
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My very first trade with money, no papertrading, I made 8% buying shares of ACS (spanish market) in a couple of days. I thought it was so easy...
it was the start of the end
It's clearly a mm trick:

step 1: Identify new traders
step 2:let them get a good profit on trade 1
step 3:new trader thinks they're a genius
step 4: deposit more money so they can trade bigger size
step 5: oh noes! Suddenly i'm losing?!?

(some steps may apply to me especially #4 )
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Old Aug 14, 2009, 12:31pm   #37
 
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Wowsa haha you were in on that eh.

What a ride, hope it made you one heck of a bundle.




...


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Old Aug 14, 2009, 12:38pm   #38
 
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Betting against VW on the wrong side killed Merckle who lost 1 billion in that speculation gone wrong.
lol its only money, no need to go under a train and leave your family behind!
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Old Aug 14, 2009, 12:45pm   #39
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Thats true enough.

Never an easy person apparently, highly complicated and somewhat depression prone all his life.

Tragic and entirely unnecessary ending for what was a guy who started with very little and turned that into so much.
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Old Aug 14, 2009, 1:09pm   #40
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Back when the bund fat finger happened, i was heavily long the bund went from a healthy profit to printing down a 7 figure sum, ended up buying a fraction more near the bottom only to get them cancelled, but in the end still managed to turn a profit
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Old Aug 14, 2009, 1:10pm   #41
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Being short CDS on Lehman for a notional of $10m when they defaulted.
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Old Aug 14, 2009, 1:42pm   #42
 
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Tragic and entirely unnecessary ending for what was a guy who started with very little and turned that into so much.
The trip between "very little" and "so much" is not an easy one.
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Thanks! The following members like this post: BSD
Old Aug 18, 2009, 1:12pm   #43
 
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Being short CDS on Lehman for a notional of $10m when they defaulted.


of course the best trade of a life... then you may want to kill ur self
i suppose
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Old Aug 18, 2009, 1:35pm   #44
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No at that time there where loads more companies about to go bust, idearc was another good one. CDS market was crazy last year, has clamed down abit now. I it was cheaper to insure macdonalds debt than U.K. debt.
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Old Aug 18, 2009, 2:00pm   #45
 
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Of course it was cheaper - MacDonalds actually has demand. The UK on the other hand, lists at No. 6 in the Top 10 exports to the US 'Goods purchased from US then returned'.
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