Interview with Pete @WheelieDealer
“.. you never saw a blue stock in the credit crunch – forget that. Everything, whatever it was, was red.”
“.. you never saw a blue stock in the credit crunch – forget that. Everything, whatever it was, was red.”
“Most people don’t, they really don’t, they can’t stand it emotionally. I can’t stand it emotionally.”
“.. you can’t do anything, you’re sat there, you read it, you know you’re going to take a huge loss as soon as the market opens and there’s nothing you can do about it..”
Pete turned £12,000 into £140,000, lost 90% of it, and then racked up £50,000 in debt. And then made the same mistake again.
Q4 2018 was a testing time for stock market participants as global equities plunged across the board and many AIM darlings (and non-darlings) were smashed to smithereens. The extensive and increased use of leverage has certainly amplified some of these moves, as ladders of stops are triggered, exacerbating what might only have been a move
This article was written by myself and was originally published in three parts on @WheelieDealer’s website, you can find it here: http://wheeliedealer.weebly.com/educational-blogs/ The mindset of a winning trader AIM is home to all sorts of guttersnipes and ne’erdowellers, crooked directors, and pumpers who’d ramp their Gran in if it meant they could sell for their
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