Thread: No stop loss
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Old 09-12-2004, 05:47   #8
buff
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Off the subject a bit

Yes I saw the movie Rogue Trader - good stuff!

There was a scandal here in Australia not that long ago that involved four rogue currency traders that worked for one of Australia's largest banks. They were caught out only because of the losses they were taking, but like Nick Leeson, if they had just hung on a little longer, they would have been right. I am sure we would have never had heard of them if they had been successful and the bank would have been happy with the results. But it wasn't to be, not only did they lose a bucket load, it dragged the bank's share price down also.

A couple of other good trading movies to watch. You can't beat the classic 'Wall Street', but also 'Boiler Room' (I just love Ben Afleck's pep talk to the newbies) and there is a good Aussie movie called 'The Bank'.

Anyway a little off topic, but I do think if you had a bucket load of cash, you could quite easily trade without stops. You may have to endure a bit of mental pain along the way though. Cheers.
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