Stranger than fiction: Trader made $11 million in profit thinking he was trading on a simulator
In a news article reported by CNBC, a trader out of France built up a position close to $5 billion dollars in size thinking he was practicing trading on a simulator.
The trader opened the account with roughly $23k and signed up for their day trading classes.
He originally thought he was trading fake money.
He found himself down roughly $1 million dollars shortly after signing up and then found out he was using real money.
However, he didn't quit at this point, shockingly.
Instead he kept at it and turned around his $1 million dollar loss into an $11 million dollar profit.
Once the firm learned he was trading real money and not his simulation, they cancelled his trades.
He is currently suing the firm for the $11 million he is claiming they stole from him.
Are you freaking kidding me? 💰🤓💰
I kid you not!
@jondoe i think big traders are manipulating market
This guy was trading the futures markets by the way.
I can't imagine what his lots sizes were haha my gosh
It said he had $5 billion in one position at one point.
That is too big of a size even for institutions...