Disabled clients lost $500K in TD Ameritrade chatroom: filing

Discussion in 'Wall St. News' started by ajacobson, Jun 5, 2017.

  1. Sad story. Were any of these people pushing a trading system called "Pile Drivers" or some such?

    Hope not.
     
    #11     Jun 6, 2017
  2. comagnum

    comagnum

    Now we know why the chat rooms system they followed is called the 'pile drivers' - they weren't kidding.
     
    #12     Jun 6, 2017
  3. Overnight

    Overnight

    Good lord... "Kevin Flynn struggled daily attempting to copy the trades executed by the leaders of the chat rooms, he says."

    I am a newbie, and even I know that you CANNOT attempt to follow other peoples' trades. You are your own trader. So these folks were looking to ride on the coattails of someone else, and got dragged in the dirt. They had no excuse for not doing their own due diligence AND LEARN ABOUT WHAT THE HELL THEY WERE DOING. I have no sympathy for these people, I am sorry. I am in the same boat, being disabled with similar injuries. But when you can't do a whole lot with the body, you can do a whole lot with the MIND. You can THINK for yourself. Prudence!!!

    Lost $500K trying to shadow trade? Why you little buggers...What the hell is wrong with people?
     
    #13     Jun 6, 2017