I know a guy who lost $180,000 on a trade suspension. The stock got suspensed. It was around $20 when it was suspended. The guy had 8,000 shares. When they resumed trading it opened at .25 cents. This is a real story - beleive it or not, I am dead serious!!!! No BS.
yes for them 1600 is huge when its not your money, when someone tells you to focus but doesnt say on what to focus, when weird al yankovicz wont pay you your 35-40% until you make 5 k in a month, you might stick around 3-6months and not get paid, all the while they pocket your profits, you still get nothing, and the training class(LOL) shows you F10 is Arca buy etc....The good thing about that shop is that you get simonized pretty quickly and you're are exposed to all the different scams etc....in one place. Learn what you can, try to get paid then leave. There are other places in canada, look at westwindtrading, proptrading.ca etc....
how about $11,000 in a trade, is that big enough for ya? thing is, at swift you can't blow up cause you're not trading your own money... mnx
I wonder how many have that day as there worst (or best) day ever. It was my worst day ever by far probably by a factor of 10. And I had almost slept in too.....god would I have saved a lot of money.
buddy of mine.... lost/bled $500,000 over 2 weeks. he had been trading for 10 years. this wasnt really a blow out for him though. just a shitty market (in his words) that makes me a real big piker!! the reason? cocaine emotionally trading marrying a market over trading trying to make back losses ..... you know em all!! just surprised that even after 10 years a trader still makes the newbie mistakes.
I dropped 45K that day in 5 minutes. i think i was short 9000 shares. Didn't kill me though. Made it back and took home a check the next month. Wasn't my money though, if it was probably would of been it for me. One of the advantages of trading TRUE prop with no money down.
I was long. Went for 5 minutes on toilette, bad news came out and when I came back i was down 5700$. But there was nothing to do. The stock was suspended. Good Luck Trading