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Trader loses 130k+ on short, owes eTrade 100k


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Trader loses 130k+ on short, owes eTrade 100k

  #91 (permalink)
 
TheShrike's Avatar
 TheShrike 
Bridgeport, Ct
 
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Big Mike View Post
Funded campaigns don't get deleted. The fact that it was deleted indicates a different story.

Mike

Like a scam?

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  #92 (permalink)
 
mattz's Avatar
 mattz   is a Vendor
 
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TheShrike View Post
Like a scam?

I think the intention of gofundme was created for more humane causes than trading accounts with deficits.

Matt
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  #93 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
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TheShrike View Post
Like a scam?

I didn't mean to thank your post but can't undo it on my phone, I'm not saying it's a scam.

No, not necessarily a scam. I can't vouch either way. But another example would be a violation of terms of service.

Sent from my phone

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  #94 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
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Look at KBIO today.

Printing > 40.

Also for those who keep saying he shouldn't have traded a penny stock, this isn't an OTCBB stock, it's listed on Nasdaq.

Mike

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  #95 (permalink)
 
xelaar's Avatar
 xelaar 
prague, czech republic
 
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Big Mike View Post
Look at KBIO today.

Printing > 40.

Also for those who keep saying he shouldn't have traded a penny stock, this isn't an OTCBB stock, it's listed on Nasdaq.

Mike

And no shorts were available anyway. Etrade scooped all up. Talk about forex brokers after that

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  #96 (permalink)
 taw131 
San Jose
 
Posts: 32 since Nov 2015


emini2000 View Post
Sounds like he was following Timothy Sykes with shorting the low cost stock through Etrade. He's all about shorting penny stocks.

I feel for the guy, but don't go online and expect others to pay for your stupid mistake.

It happens 100% of the times if you follow someones lead.Did does and will.

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  #97 (permalink)
 taw131 
San Jose
 
Posts: 32 since Nov 2015


xelaar View Post
This guy put a short and went to a bar.

moreso,he could afford to lose his initial stake,he said.great starting point!

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  #98 (permalink)
TraderBliss
Monroe
 
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I'm new to the this thing.
I've seen some of Mike's webinars on YouTube.
Reading a GoFundMe page like this always brings my brain back to what creative thing can an individual do to fund an account? Maybe sell a "system", sell a "membership", or sell a made up story about losing your ass on a short. You couldn't start a GoFundMe without a sob story. You can't start a GoFundMe with "HEY, I'm a fantastic trader. I'll make you money. Just get me to $100K and I'll divide the profits with everybody! We'll be rich by the end of the year!"

So I'm suspicious...

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  #99 (permalink)
 
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 Jigsaw Trading  Jigsaw Trading is an official Site Sponsor
 
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Dang $15k for vet bills!

Ouch....



https://www.gofundme.com:443/dy7a4txw

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  #100 (permalink)
 
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 afranco562 
Los Angeles
 
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Big Mike View Post
Look at KBIO today.

Printing > 40.

Also for those who keep saying he shouldn't have traded a penny stock, this isn't an OTCBB stock, it's listed on Nasdaq.

Mike

I always thought any stock below $5 is near getting to be considered a penny stock. Apologize for my lack of education,(and I do meant that) does a stock need to be in OTCBB to be called a penny stock?

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