2008 Société Générale trading loss of closing out trades within the three-day cycle alleged could not be accomplished given the immense sums involved. In answers to the rumors alleging Jérôme Kerviel had fled Paris following the discovery of the unauthorized trading, on January 24, 2008 Kerviel's lawyer denied that he attempted to disappear and said he remained in Paris to face the accusations. Also on January 24, 2008, Société Générale filed a lawsuit against "a 31-year-old person" for creating fraudulent documents, using forged documents and making attacks on an automated system, according to Clarisse Grillon, a spokeswoman for the Nanterre prosecutor. "Le Figaro" reported that
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