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
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