Remember the youtube trader blowup from one year ago today?

And he just lost $40K in 2 days. Maybe it's time for him to quit trading.

 

Check the date on the blog, Jan 2008 not 2009.

 

He's actually trading right now, you can watch him through a stream on his blog.

 

Is he a Madoff son?

 

Well, he doesn't give up easy.

 

that post is dated january 31, 2008.

 

i remember watching this video last year and feeling some commiseration - it was my largest single day drawdown in my career at around $100k. at first i was banging and cursing but after watching this guy i realized how dumb it was and just let it go and shut down. had i not let it go so easily i probably wouldn't have made it all back over the next 10 days.

 

Yeah, I remember 1/21/08...

First limit down I ever saw.

 

Does anyone have the original video?

Not that I consider someone losing money to be entertaining, but the video is a good object lesson on what NOT to do.

 

Yeah, you can find HPT on his blog.

http://highprobability.blogspot.com/

or on his streaming video site on JustinTV

http://www.justin.tv/hpttrader

That video is a good educational video on what not to do.