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☠️ Losses rise for amateur traders during the pandemic

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    ☠️ Losses rise for amateur traders during the pandemic

    “ Amateur traders who have flocked to bet on the financial markets during the coronavirus crisis are suffering heavier losses on the risky online platforms than they were at the start of the year.

    Research by The Times found that more traders who are using complex financial products to place bets are losing money than they were in January.

    The hit in aggregate suffered by retail customers of the three biggest platforms — provided by CMC Markets, IG Group and Plus500 — have all risen. Plus500 warns that 80.5 per cent of its retail accounts lose money.”

    Losses rise for amateur traders during the pandemic | Business | The Times

    Anyone we know per chance
    Last edited by AtW; 20 July 2020, 15:23.

    #2
    Originally posted by AtW View Post
    “ Amateur traders who have flocked to bet on the financial markets during the coronavirus crisis are suffering heavier losses on the risky online platforms than they were at the start of the year.

    Research by The Times found that more traders who are using complex financial products to place bets are losing money than they were in January.

    The hit in aggregate suffered by retail customers of the three biggest platforms — provided by CMC Markets, IG Group and Plus500 — have all risen. Plus500 warns that 80.5 per cent of its retail accounts lose money.”

    Losses rise for amateur traders during the pandemic | Business | The Times

    Anyone we know per chance
    It's not a loss if you never sell.

    Comment


      #3
      Originally posted by Old Greg View Post
      It's not a loss if you never sell.
      As long as margin calls are kept off the books...

      Comment


        #4
        #Pray4Pooper?
        Always forgive your enemies; nothing annoys them so much.

        Comment


          #5
          Phew, I thought that was Scooty for a second then it mentions retail traders .... so can't be our hero Scooty
          I am what I drink, and I'm a bitter man

          Comment


            #6
            Yeah, he is no amateur trader - he's spent hours learning the charts

            Comment


              #7
              Originally posted by AtW View Post
              As long as margin calls are kept off the books...
              It's not a margin call if you pump £10K a month in to cover the increasing margins....

              Comment


                #8
                Originally posted by DimPrawn View Post
                It's not a margin call if you pump £10K a month in to cover the increasing margins....
                Just use another company for booking losses like that - and record profits on yer profit center, can't lose!

                Comment


                  #9
                  Originally posted by DimPrawn View Post
                  It's not a margin call if you pump £10K a month in to cover the increasing margins....
                  It's only fiat.

                  Comment


                    #10
                    How many "invested" bounce back loans in penny stock?

                    Comment

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