How not to do it!


#1

I’m sure some of you have already seen this but thought I’d share just in case…
https://www.theguardian.com/money/2018/jun/21/trader-1bn-deals-voided-after-training-platform-mix-up

Their systems must be absolutely shocking.


#2

More shocked they think it’s acceptable to seize his €10m (£8.8m) profit.


(Vladislav Kozub) #3

More shocked he turned 20k into 10m…


#4

I’m impressed! Wonder if they would have the same attitude if he lost €10m (£8.8m)?

Read the whole article and not a system fault, user exaggerated experience, hence better leverage. Then made a error by using the real system.


(Christopher) #6

He continued trading in an effort to recoup his losses, which he eventually turned into a €10m profit after building up a position in US equity futures worth €5bn.

Definitely how not to do it! :face_with_raised_eyebrow:


#7

If he’d have stopped with his losses at 1 mil and told them he thought it was a demo at that point,
I’m sure they’d be the ones taking him to court.