Some of you old timers may remember this Classic, its a guy who really lost 30K on video in Jan 2008 trading ER2 (now called RTY) , he was long 10 contracts which was $1000 per point back then. He held over the weekend and the market gapped lower on the sunday open. Best emotional bit starts from around 4:25 in "I was overleveraged, but I never thought the market would go limit offer(Dow Futures down 650pts) with the US markets closed on Monday in observation of Martin Luther King day. I sold my long before the market opened due to a potential margin call that would have liquidated everything. On Tuesday, the Fed did a surprise interest rate cut, and the market popped 500pts. The Dow dropped close to 1000pts in 3 trading days" "Good Bye.........I hope you all have a nice life. I need to be to work in 2 hours, and I can't manage this position, I have to sell out. About 40k in 2 days,,,,,,,,,,,,gone. Speechless. One bad trade, is all it takes. 2 and a half years of trading thrown down the drain on 1 trade. Who would've thought the Futures would tank as much as -500pts on YM with the US markets closed. I didn't, and I never really wanted to be in this position, but I couldn't accept the small loss. Go ahead and link me and show the world how much of an idiot I am. Leave the comments of how stupid a trade I put on. Now is probably a good time to go long now that I sold out." http://www.highprobabilitytrade.com/2008/01/stock-market-ruined-my-life.html
Right proof, that fundamentals comes first from the right personality & everything else follows. ,,F*** you Mr.Market !"