Day Trading on Instagram: "In November 2018, James Cordier’s firm, OptionSellers.com, collapsed after a failed bet on natural gas. Cordier had bet that prices would not rise. Instead, natural gas spiked more than 20 percent in just a few days. The sudden move triggered heavy margin calls, wiping out nearly $150 million of client money and leaving investors with another $35 million in losses owed to the firm’s broker, INTL FCStone. After the collapse, Cordier posted an apology video, admitting th
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Day Trading on Instagram: "In November 2018, James Cordier’s firm, OptionSellers.com, collapsed after a failed bet on natural gas. Cordier had bet that prices would not rise.
James Cordier's firm, OptionSellers.com, recently faced a significant financial setback due to a failed bet on natural gas. Cordier took responsibility for the loss and apologized to his 290 clients, highlighting the importance of risk management in day trading. The hedge fund manager's experience serves as a cautionary tale for investors and ...
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