Once-richest Irishman declared bankrupt on wrong bets with CFD´s

Discussion in 'Wall St. News' started by ASusilovic, Nov 11, 2011.

  1. sme

    sme

    Seconded. Welcome back!
     
    #11     Nov 11, 2011
  2. he comes back after this rich person bankrupted... :D
     
    #12     Nov 11, 2011
  3. Be careful with long positions on CFD's , in addition to being leveraged you also have to PAY interest daily.
     
    #13     Nov 12, 2011
  4. hughb

    hughb

    Somebody should be able to come up with something - beer, four leaf clovers, anything! It's the only reason I clicked on this thread to begin with!
     
    #14     Nov 13, 2011
  5. Hehehe.

    Sucker.
     
    #15     Nov 13, 2011
  6. Ash1972

    Ash1972

    The problem with having a long string of successes in life is that you start to think you have the magic touch and anything you do will work out. So the bets get bigger and bigger and risk management is thrown out of the window. Eventually, your luck runs out.

    Once again, everything boils down to psychology and the need to curb your enthusiasm.

    Traders: learn from this!!
     
    #16     Nov 13, 2011
  7. It's 2011 Brother.
     
    #17     Nov 13, 2011
  8. irish whiskey was somehow involved...............:)

    s

    :cool:
     
    #18     Nov 13, 2011