Anyone want to tell their horror story about day trading recently?

Discussion in 'Trading' started by dcwriter2, Jun 16, 2020.

  1. traider

    traider

    Google for the legend of ironyman, someone who was exploiting robinhood for infinite leverage. That should be enough material.
     
    #11     Jun 16, 2020
  2. Tradex

    Tradex

    You call that a horror story? :p
     
    #12     Jun 16, 2020
    ps0013 likes this.
  3. Trader Curt

    Trader Curt


    What's the book about? The stupid decisions the 95% make?

    I guess that would disqualify me from being in the book then...
     
    #13     Jun 16, 2020
  4. Turveyd

    Turveyd

    Nearly blowing $1200 is a months wages, it's all relative.

    I'll aim for a 7figure account to blow it all and WIN don't worry :)
     
    #14     Jun 16, 2020
    Nobert likes this.
  5. smallfil

    smallfil

    The guy who lost $700,000 should be first on your list if you can track him down. I think the guy has Robinhood as his broker.
     
    #15     Jun 16, 2020
  6. KCalhoun

    KCalhoun

    I tried daytrading and swingtrading inverse ETFs unsuccessfully during a bull market run to share my struggles and lessons learned, and um some of the childish bitch meanies at the et forum trolled me for it. LOL

    #likeIgiveaflyingfck :p
     
    Last edited: Jun 16, 2020
    #16     Jun 16, 2020
    Tradex and Turveyd like this.
  7. Tradex

    Tradex

    Now you are talking. :cool:
     
    #17     Jun 16, 2020
    Nobert likes this.
  8. comagnum

    comagnum

    The wildest day trading story has to be the Billionaire boys club, this actually happened. You can read the court transcripts or view films about it.

    Murdering several to raise funds after blowing up a futures acct, being outsmarted by a better con thinking they had traded an account up some $8M only to find out it was a fake acct.

    Plenty of day traders have ended up in prison, mainly for fraud, some for capital murder(s) to raise cash, these kids took greed to a whole new level.

     
    Last edited: Jun 16, 2020
    #18     Jun 16, 2020
    JulioF, Nobert and Laissez Faire like this.
  9. Cabin111

    Cabin111

    Happened yesterday...Fun fun fun if you have T-Mobile and a Robinhood account!!

    T-Mobile US Inc. is grappling with a major service outage affecting thousands of customers in several states and is working to fix the problem, according to network chief Neville Ray.

    The company said it hopes to have the service restored soon. The problem comes a few months after T-Mobile acquired Sprint Corp. and became the second-largest U.S. wireless carrier in terms of regular monthly subscribers.

    “Our engineers are working to resolve a voice and data issue that has been affecting customers around the country,” Ray wrote in a tweet. “We’re sorry for the inconvenience and hope to have this fixed shortly.”

    Because of T-Mobile’s network problems, callers with other service providers were having trouble connecting to T-Mobile customers, giving an impression that other carriers were also experiencing disruptions.

    On Twitter, claims that the disruption was the result of a major distributed denial of service attack, or DDoS, by a nation-state actor went viral, sending “DDoS” into the list of top trending terms in the U.S.

    Representatives for AT&T Inc. and Verizon Communications Inc. said their networks were performing well.

    Also March 18, 2020

    Gregory rushed to sell his positions as the markets opened, but the Robinhood app froze, and Gregory and millions of other users received error messages.

    “I was stuck watching my money disappear,” said Gregory, who estimates the glitch cost him $600.

    Robinhood, a free stock trading app claiming 10 million users, suffered three outages during the past few weeks of historic market turbulence. For mom and pop investors, the app’s repeated failures exacerbated the challenge of navigating the economic impact of covid-19, which has led to widespread closures of schools and businesses, disrupted the daily lives of many Americans and increased the chance the country could soon be in a recession.
     
    Last edited: Jun 16, 2020
    #19     Jun 16, 2020
  10. Cuddles

    Cuddles

    the kind of stories you're looking for are at wall street bets.

    Lost 15% of my account 2 yrs ago at 2018 drop as I kept telling myself it'll recover and finally exited at the bottom.

    Lost most of my crypto gains as I held past the bubble

    lost like 5 % on Thursday on 401k as I decided to cash out and move some money around only to see most of it recover.

    lost 5% of account last week playing airlines buying tops and selling bottoms
     
    #20     Jun 16, 2020
    dcwriter2 likes this.