I LOST $700,000 IN 3 MONTHS
Student on winning stock market streak, then he loses dad’s life savings
- OCT LAST YEAR: Just a student in Australia, he makes $80,000 from trading
- DEC LAST YEAR: Back in S’pore after exams, he role-plays trading & makes an imaginary $100,000 on 1st day & $110,000 on 2nd day
- DEC-JAN: Convinces dad to give him life savings of $300,000. But he loses it & the $80,000
- Feb: Girlfriend dumps him. He stops trading for 2 weeks.
- FEB: He puts money on stocks of 9 companies when market reopens after Chinese New Year
Here is an very interesting story in Singapore. Here is the news
that’s brutal…he should have expressed his losses to his girl in terms of R 🙂
that’s brutal…he should have expressed his losses to his girl in terms of R 🙂
LOL…in this case , he might only have 1 R loss.
Coz, his 1 R is $700k
LOL…in this case , he might only have 1 R loss.
Coz, his 1 R is $700k
lol
lol
Good God almighty…I’m glad I only started out with 30K even now I feel like I need to continue looking for crazy probabilities where I could loose money and my R is only 100 bucks. I feel for the idiot. But man could he been more stupid?
Good God almighty…I’m glad I only started out with 30K even now I feel like I need to continue looking for crazy probabilities where I could loose money and my R is only 100 bucks. I feel for the idiot. But man could he been more stupid?
darn, the article has expired and is no longer available…. Sounded interesting though
Jeez, I never expect a newspaper article to be expired. 🙁
Let me google it, see if I can find some archive.
darn, the article has expired and is no longer available…. Sounded interesting though
Jeez, I never expect a newspaper article to be expired. 🙁
Let me google it, see if I can find some archive.