An individual trader is reported to have lost Rs 95 L in a single session. He made Rs 77 L in a single day earlier and both these things are posted by him on Twitter. On a losing day at one point he was down by some 1.7 Cr which he managed to bring it down to 95 L. Huge ups and downs...wonder all things like stoploss, take defined risk,cut your losses fast etc go out of the window on such huge profit/loss days. I dont follow twitter but an article I was reading took me to these posts.......very scary stuff like a horror movie.....is paar ya us paar type......one cannot do it as a steady business for sure....wonder if they have capital sufficient to stomach such large swings.
May God bless these traders and keep them safe .......
May God bless these traders and keep them safe .......
The trader you are talking about use clients money to trade.It has shown very big profit & loss days.Its not his money,so he can take that risk & show off.
Despite that, by showing this high profits , he has been taking online classes to train people.25 K-50 K from each people.I never understand the person who is earning in crores why will he give those millionaire trading idea for 25k.
I am more surprised by those students who take admission in those classes thinking they will be earning in millions after those classes.
If I were that system which can earn in crores, I will sell my all assets & trade that system , busy in earning money , than giving classes .
I think Govt & SEBI should keep in check on those teachers also.As They are not coming in category of financial planner or portfolio manager.They are just looting public.there are so many so called millionaire trader who will eventually go to teaching only.They are mushrooming in twitter a lot nowadays.
thanks