2008 Société Générale trading loss taken massive fraudulent directional positions in 2007 and 2008 far beyond his limited authority" and that the trades involved European stock index futures. Though bank officials say Kerviel apparently worked alone, skeptics question how unauthorized trading of this magnitude could go unnoticed. Kerviel's unassuming background and position have heightened the skepticism that he worked alone. Some analysts suggest that unauthorized trading of this scale may have gone unnoticed initially due to the high volume in low-risk trades normally conducted by his department. The bank said that whenever the fake trades were questioned, Kerviel would describe it as a mistake then
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