2008 Société Générale trading loss a role in the market's overall decline, but characterized that impact as "minimal". 2008 Société Générale trading loss In January 2008, the bank Société Générale lost approximately €4.9 billion closing out positions over three days of trading beginning January 21, 2008, a period in which the market was experiencing a large drop in equity indices. The bank states these positions were fraudulent transactions created by Jérôme Kerviel, a trader with the company. The police stated they lacked evidence to charge him with fraud and charged him with breach of trust and illegally accessing computers. Kerviel states his actions were known
Today Trader of the typical day trader's experience". In a follow-up post, StockTwits founder Howard Lindzon described his dislike of the term "day trader" describing it as "tired" similar to the term "journalist". He also noted that traders Gomez "keep moving forward and adapt" to the current market conditions. Today Trader Today Trader, Inc is a trading and education service that started in 2008. As of 2013, trading with their service is done primarily through their relationship with the Ditto Trade online brokerage service. Since 2018, the venture serves as an educational hub. Steve Gomez and Andy Lindloff met at a Level