Wasn’t there a British commodities trader that sunk the oldest bank in the country?
Yes there was.
He found a way to hide his losses internally while he attempted to dig himself out.
Pretty messed up, imagine the stress he was going through during that time.
I’ve known of multiple instances in which a trader makes a mistake and instead of reaching out for help, he either tries to hide it or simply walks out.
Have you ever had the counter-party to your trade call you to “Bust” the trade because of a “Mistake”? I have, many times. There is a weird honor system that exists and is something I respect.
This is not a game for “retail investors”.
this post didn't show up in my history. hmm.
I wasn't a floor trader. I was on the floor for compliance. Traded through Lynd Waldock.
Brother in law was HUGE oil trader. If you knew any guys on the floor, I will send his name in private mail :)
I made 500 and more percent overnight sometimes but I am SICK greedy, like a degenerate and often ended up losing. lol. So frigging heartbreaking. Bought a ton of soy meal options for 50 bucks and they were 500!!!! dollars a few nights later. but lost.
Bought coffee options a million years ago and there were back to back freezes in south America!!!! made a fortune!!!! lost it back. I HATE myself :) So I'm basically a middle age has been who had his big chances and blew it lol. I can live with that.