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If it looks to good to be true it .........

Came across this & thought , did an MFO's bit on this deal of a life time !!
https://finance.yahoo.com/news/traders-scooped-warren-buffett-berkshire-105754520.html

Comments

  • Hah.

    The closest I ever got to 'winning' in such a situation was back in the mid-00s when the platform I was trading futures on locked hard and wouldn't send confirmations of trade execution. When the data got fixed I was suddenly short 32 S&P eminis when I had tried to go long only 8, didn't get a confirmation, and kept trying to submit a reversing order. That evening, the brokerage thankfully admitted the problem and credited me the few hundred $$ that I 'lost' on the inadvertent trade + all the commissions....thankfully the market didn't move very much while I was in that bad and grossly over-levered position. (Of course, I never trusted the platform and soon moved elsewhere.)

    You have not lived as a trader until you experiencing a shock like that.... lol
  • 32 eminis. size.
  • Devo said:

    32 eminis. size.

    8 eminis was a 'normal' sized position for me at the time To be in a position 4x that and going in the opposite direction was ... amusing.
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