☠️ Losses rise for amateur traders during the pandemic

[jamesbrown]

I've taken some illegal investment advice from scootie and, after running the thread through his Excel spreadsheet, he says it's somewhere between a dead cat and a bull trap.

[AtW]

Synairgen was a penny stock

[elsergiovolador]

How many "invested" bounce back loans in penny stock?

[Old Greg]

It's not a margin call if you pump £10K a month in to cover the increasing margins....

It's only fiat.

[AtW]

It's not a margin call if you pump £10K a month in to cover the increasing margins....

Just use another company for booking losses like that - and record profits on yer profit center, can't lose!

[DimPrawn]

As long as margin calls are kept off the books...

It's not a margin call if you pump £10K a month in to cover the increasing margins....

[AtW]

Yeah, he is no amateur trader - he's spent hours learning the charts

[Whorty]

Phew, I thought that was Scooty for a second then it mentions retail traders .... so can't be our hero Scooty

[vetran]

#Pray4Pooper?

[AtW]

It's not a loss if you never sell.

As long as margin calls are kept off the books...

[Old Greg]

“ Amateur traders who have flocked to bet on the financial markets during the coronavirus crisis are suffering heavier losses on the risky online platforms than they were at the start of the year.

Research by The Times found that more traders who are using complex financial products to place bets are losing money than they were in January.

The hit in aggregate suffered by retail customers of the three biggest platforms — provided by CMC Markets, IG Group and Plus500 — have all risen. Plus500 warns that 80.5 per cent of its retail accounts lose money.”

Losses rise for amateur traders during the pandemic | Business | The Times

Anyone we know per chance

It's not a loss if you never sell.

[AtW]

“ Amateur traders who have flocked to bet on the financial markets during the coronavirus crisis are suffering heavier losses on the risky online platforms than they were at the start of the year.

Research by The Times found that more traders who are using complex financial products to place bets are losing money than they were in January.

The hit in aggregate suffered by retail customers of the three biggest platforms — provided by CMC Markets, IG Group and Plus500 — have all risen. Plus500 warns that 80.5 per cent of its retail accounts lose money.”

Losses rise for amateur traders during the pandemic | Business | The Times

Anyone we know per chance