This SocGen story is crazy scary — a nobody trader playing with 50 Billion Euros (half of all the gold and currency reserves held by France), $7 billion in losses in 10 days, higher ups say it could’ve been 10x worse, we’re practically asking for a global catastrophe.
Check out the list of biggest trading losses, all within the last 20 years!
The honorable, highly respected Brett Steenbarger, author of two of my favorite books, The Psychology of Trading and Enhancing Trader Performance, gives my book its most academic review yet. His conclusion “…an engaging and interesting account of his development as a trader…a well-written narrative.”
This guy is 100% right about how the SEC has no right to restricts speculative investments to the wealthy.
A damn bearish article about the risks of further pain in the financial sector.
3 out of 4 stocks follow the market, know your trendlines
