Trader says he has ‘no money at risk,’ then promptly loses almost 2,000%

As reported by Marketwatch, “Investing legend Jack Bogle once said that ‘if you have trouble imagining a 20% loss in the stock market, you shouldn’t be in stocks.’

“He didn’t mention anything about a 2,000% loss though.

“That’s where 1R0NYMAN comes in. The anonymous trader/internet hero created a stir on Reddit earlier this month with this absolute corker of a trade…”

MarketWatch continues to tell the story of an individual trader who entered a ‘sure-fire’ winning trade. .. on paper. Understanding all of the inherent risks in a trade is of the utmost importance, and this trader clearly did not. So take a class, learn and understand more than the basic concepts as they appear on paper, and Trade Smarter!