Team Spirit (film) Team Spirit (film) Team Spirit () is a 2016 French drama film directed by Christophe Barratier. Based on the true life story of Jérôme Kerviel, a French trader who was convicted in the 2008 Société Générale trading loss for breach of trust, forgery and unauthorized use of the bank's computers, resulting in losses valued at €4.9 billion. Kerviel was born in 1977 in a small fishing town in Brittany. He and his brother were brought up simply by their hardworking parents who were devoted to each other. He earned a Master's degree in Finance. In 2000, the Société Générale recruits
Pattern day trader For example, a trader may use 3 day trades, and then enter a fourth position to hold overnight. If unexpected news causes the security to rapidly decrease in price, the trader is presented with two choices. One choice would be to continue to hold the stock overnight, and risk a large loss of capital. The other choice would be to close the position, protecting his capital, and (perhaps inappropriately) fall under the day-trading rule, as this would now be a 4th day trade within the period. Of course, if the trader is aware of this well-known rule, he should not