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Nairaland Forum / Nairaland / General / Investment / Speculative Trade Gone Wrong (890 Views)
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Speculative Trade Gone Wrong by 817: 7:44pm On Sep 21, 2019 |
Speculative Trade on Crude Oil by a trader ends in big losses of 320 million dollars for Mitsubishi. This lays further credence to the need for economic diversification by Nigeria because the price of crude oil is driven not only by fundamentals but speculators.
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Re: Speculative Trade Gone Wrong by Mykel51(m): 2:59am On Sep 22, 2019 |
He obviously didn't trade with risk management...Trade with me... |
Re: Speculative Trade Gone Wrong by 817: 2:09pm On Sep 22, 2019 |
Obviously he adopted a grid trading methodology. Doubling his bets as price went down and not willing to cut his losses. It's a problem of trading physcology; not accepting you are wrong. Been there myself. Strange how a small loss taken early could balloon to margin call. |
Re: Speculative Trade Gone Wrong by SavageResponse(m): 11:16pm On Sep 22, 2019 |
817: All gamblers eventually loose, there's no escaping it! |
Re: Speculative Trade Gone Wrong by Mykel51(m): 1:25am On Sep 23, 2019 |
817: Adding to loosing positions...yeah. |
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