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What is your worst trade ever?
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Mark in WCIowa
Posted 5/18/2015 07:48 (#4577330 - in reply to #4576100)
Subject: RE: What is your worst trade ever?


Scranton
Spread out over a few years.


Summer of 2003 I believe....I had bought 2 bean contracts early on the rise....around six I suppose....then two more around seven and two more around eight. I rode it up to 10.40 IIRC...at that point I was up between 50 and 60, which was big money for me then(and now :) ....then the worm turned...Down a buck in short order....I got out up $38K....


But then I thought I was a big time trader....told my friend I just need to do that a couple times a year and farming would be much easier for me. So I traded...and traded...and traded.

Between that and a restaurant venture I partnered in with those winnings, I'm pretty sure I've spent those almost $40 large three times.
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