360,000 Traders Got Fully Wiped Out.

Last Monday the Korean stock market dropped almost 9% in a single session. 

The fall was steep enough that the exchange halted trading partway through the day to stop it.

Underneath it was borrowed money. 

For months, everyday people had been taking loans from their brokers to buy stocks, mostly a couple of chip names that kept climbing. A lot of them were levered past 150%.

When the market rolled over, the brokers started selling automatically. 

No phone call, no chance to wait for a bounce. By Monday more than 1.2 million accounts had hit that wall, and somewhere between 320,000 and 360,000 were liquidated all the way to zero. 

Their principal was gone.

The mistake that did it isn't Korean or exotic. It's putting on a trade without ever asking what happens if you're wrong. 

Those questions take about a minute, and almost nobody stops to ask them, because the trade looks too good to slow down for.

The people who got wiped out didn't run any checks. They saw a stock going up and they clicked buy. That part's a choice.

I keep the five checks I run before every options trade in a short report. Run them before your next one.

Get The 60-Second Pre-Trade Options Checklist 

I’d could easily charge $20-$30 for this, but given the current volatility in the markets, it’s available today at no cost.

To your success,

Don Kaufman