I lost 200K in a day spreadbetting

D

donaldduke

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• Jul 17, 2009

• #1

"What else can you do that is this much fun and you can make so much money from?" he asked. "The real beauty is you can do it when you want, from wherever you want – I often place trades while on the deck of cruise ships with a drink in my hand."


Day trading: 'I lost £200,000 in a day' - Telegraph

 

Hoggums

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• Jul 17, 2009

• #2

300K up in a year - 200K down in a day - says it all really.

 

D

donaldduke

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• Jul 17, 2009

• #3

Hoggums said:

300K up in a year - 200K down in a day - says it all really.

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Its 'traders' like this guy that make me feel embarrased to tell anyone what i do for a living.

Hes probably a member of Trade2win..

 

N Rothschild

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• Jul 17, 2009

• #4

its dante!

 

arabianights

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• Jul 17, 2009

• #5

My reading of this is that he has no startegy at all, and is essentially trading randomly... he's just been helped by a bear market.

Gonna get ****ed...

 

ibex666

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• Jul 17, 2009

• #6

"I have been a trader nearly all my life," he said. "I was a futures trader trading sugar for 17 years before it became computerised, then I traded oil." In retirement he decided to give spread betting a whirl.
HIS quote is he was a futures trader all his life! if so he supposedly knows what he was doing? If you can trade futures succesfully then you know what going on and it then follows that you should be able to trade spreads relatively easily ! sounds suspect to me. that or he was extremely lucky to begin with !!

 

I

ian23

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• Jul 17, 2009

• #7

I do believe this guy is not using his stoplosses very effectively and no real trading plan so it is hard to believe that he could have been a futures trader for so long.

 

Claudia123

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• Jul 17, 2009

• #8

lol if I lost 200k in a day I keep quiet he looks happy !! Think I'd be adjusting my stop strategy or maybe get out at 150k down?

 

I

ian23

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• Jul 17, 2009

• #9

Yeah he looks happy but on the inside he is praying for desaster, he secretly yearns for death and destruction so that his one way down strategy can bring him into profit again.

 

Claudia123

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• Jul 17, 2009

• #10

The SB firm would probably pay him 200k to keep his mouth shut.

 

B

Black Swan

• Jul 17, 2009

• #11

ian23 said:

I do believe this guy is not using his stoplosses very effectively and no real trading plan.

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No 5hit Sherlock, no flies on you eh son?...

 

I

ian23

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• Jul 17, 2009

• #12

His waiting for a black swan to help him along

 

B

Black Swan

• Jul 17, 2009

• #13

ian23 said:

Yeah he looks happy but on the inside he is praying for desaster, he secretly yearns for death and destruction so that his one way down strategy can bring him into profit again.

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if I look that bad when I'm 54 you have permission to shoot me. He could have spent a couple of grand on a face tuck in Brazil and got laid...

 

B

Black Swan

• Jul 17, 2009

• #14

ian23 said:

His waiting for a black swan to help him along

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boom tish..:clap:

 

I

ian23

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• Jul 17, 2009

• #15

Black Swan said:

if I look that bad when I'm 54 you have permission to shoot me. He could have spent a couple of grand on a face tuck in Brazil and got laid...

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lol, to many of them cocktails on deck