2008 Société Générale trading loss positions built up by Kerviel. This has led to speculation that stock market turbulence caused the Federal Reserve Board to cut the rate. A Federal Reserve spokesperson denied the central bank knew of Société Générale's situation when it made its decision. It is estimated that over the period the total trading in futures and the cash market for the Euro Stoxx 50 was €544 billion. This would make the unwinding of Kerviel’s position account for five per cent or less of overall activity. Société Générale's investment banking chief, Jean Pierre Mustier, acknowledged that the three days of forced selling played
Day trader to whatever condition the market is in, at any given moment. Day trading is associated with risk of capital loss. According to millionaire day trader and author James Altucher, only around 5% of retail traders make money as full-time day traders. Day trading is stressful due to needing to watch of multiple screens to spot trading opportunities and then react quickly to exploit them. There are many different markets for day trading, including futures, forex, stocks, options and etf's. Because of the short time horizon, day traders will look at the market with a different perspective than a long term