The video is called "The stockmarket ruined my life". I feel for the guy, but the stockmarket didn't ruin his life, he did. It just shows you how people fail to take responsibility for their OWN trades.
Even in a zero sum game, laughing at your own success is not quite the same as laughing at someone else's misery. Some of you people should be ashamed of yourselves.
Finally, something both thunder dog and can agree on! Seriously, what kind of person finds humor in someone else's financial ruin?
Apparently the guy has a blog called "High Probability Trading". This what he has to say: He doesn't deserve sympathy, but he doesn't deserve ridicule either. He's outlined his strategy as day trading, yet was willing to take on the risk of going long 10 cars over the three day weekend with the stock markets in a massive down trend. He was willing to carry the risk and he's payed for it. He just learned a harsh lesson in trading: reward decreases as risk increases. Atleast he's mature enough to post about it.
lololololol.. I remember when I blew up my first FX account.. I was on over a gram of test a week and it wasn't pretty, very similar to this but with a lot more rage. Great vid, thanks for posting!
I admit I don't quite understand his rationale for posting it. But you can view it as a public service to those who are starting to get a bit too arrogant for their own good. A cautionary tale.