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