This guy (EDIT: Video was removed from YouTube. Link has been re-directed to www.Break.com) went bottom fishing in the Russell 2000 yesterday.
If he held overnight, then good night.
S&P 500 Limit down right now... @ 1255.50.
Tuesday, January 22, 2008
This Guy Went Bottom Fishing...
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2 comments:
The only thing that would have made this clip better is if I'd shorted the market and wanted a line on who was paying me. I might even have sent a thank you card.
He posted a follow-up video yesterday where he explained what happened, that he tried to trade counter-trend, overleveraged, etc.
I've never heard so much raw emotion (foul language) in a YouTube video.
Who knows? Maybe he'll grow up to be a market wizard. Most of them lost entire trading accounts too.
Sadly, all those losses are gone today, and he could have exited at break-even. I bet he feels worse now than before.
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