Word: lost
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...might sound like a lot for just one contract, but a single contract on NYMEX represents 1,000 barrels of crude oil: if the price moves $10 per barrel, you just had a swing of $10,000 in your account, which means you've either doubled your money or lost your shirt, your dreams wiped out in mere minutes. And you thought casinos had all the action...
...barrel, you keep the $1 per barrel difference. On one contract, or 1,000 barrels, that comes to $1,000. Not bad for a hard day's work. But take the other side of that trade - buy for $66 and sell for $65 - and you've lost a grand per contract. Remember that on both trades, you're going to pay high transaction fees and commissions, and you'll likely be forced to take a worse price in order to guarantee that your trade executes. In all, you'll probably give up at least $20 per contract. That adds...
...losing more than you can afford. As the price falls, and all of the other "smart" traders around you are forced to unwind their long positions and sell oil, the price will fall even faster against you. Why would the big boys do this to you? Well, any money lost by one trader must be gained by another. If they can make you take a loss, it ultimately translates to their gain...
...descent angered by Submission, Van Gogh's polemic against Islam, left a note on the body signed "Saifu Deen al-Muwahhied." Wilders had been threatened in a letter with the same signature (which means "Unifying sword of religion") earlier that year. He still receives 24-hour police protection. "I lost my freedom," says Wilders. "It is a very high price...
...When asked if the Allies' effort was worth the estimated 20 million lives lost, Harry Patch, 111, the last surviving British veteran of World War I, replied, "It wasn't worth one." Patch died just days after fellow British WW I soldier Henry Allingham, 113, passed away...