Wow. Did you see he owned 2440 shares of apple at 171? He hasn't posted for a few days. I wonder if he is still alive.
It appears this dude in NC he mortgaged his house to start daytrading? This is sad. I wonder where HPT got his money. Maybe that has something to do with these losses or, losing so much when you can't possibly have a clue.
it's all relative..... for someone who has say $1m in long term holdings, a 30% draw down, which happens quite a few times, amounts to $300k. One has to psychologically prepared for this, otherwise he'd be scared out of his holdings at the worst time.
All these people selling out of the positions. I see a giant BEAR on the cover of my fav news page today. Sounds like capitulation for now. Steve
I was watching this thing bottom today (aapl), the bots rule; the low was under $125.00, I wonder where he puked probably $135.00. Drawdown like that in two days is why I like to be in and out fast.
People get blown out everyday. They don't need a crash as an excuse. Getting blown out during a crash is no big deal, it is only a blip on the screen. Real traders get over it and make a come back. Wannabes disappear into oblivion.