When you are trading a BIG R
March 14, 2008 – 11:55 pmThese are news from mainland China. One of the hottest equity market under the sun. The recent breaking down of Shanghai stock index, below 4000 level gives china traders/investors/punters whatever you wanna call a wake up call. Here is the result when you are trading a big R that beyond your capability.
A 70-year-old man collapsed and passed away in stocks exchange, and a university lecturer committed suicide after serious trading loses. What’s next?
From the desk of Tradergav.com
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Tags: news
wow!
btw, i can barely speak english, so thanks for putting the synopsis in your post
why did the guy die on the exchange floor? heart attack? was he actually in a position moving against him, or was that random, or was it just the excitement?
i’m sure its explained in the video, but i kinda couldn’t understand what they were saying
John: Yeah, the old man died because of heart attack. And one thing for sure is, a position/positions are moving against him. (As far as I know, they can’t short stock in China market).
gav: i didn’t realize they couldn’t short…thanks for the info.
The reality is that people will die when a bubble burst. There’s an old saying .. “Buy when there are blood in the streets”. You can debate whether the statement is true or not, but it just goes to show the reality.. it happens in all bear markets.
trader gav
I just found your blog…did you teach OTP with tony saliba?
Hi Daniel,
Nope, I don’t teach at all. Btw, what is OTP?