Here are some mind blowing stock market facts and statistics about trading. You are about to learn about scandals, marrying exotic dancers, and lost fortunes.
You will see people that got rich overnight and some of the most stupid mistakes ever known in the markets. All of the data has been collected through reliable sources and can be verified.
Facts!
#1. In 1999, The Electronic Trade Association said that only five thousand traders were full time and trading through day trading brokerages. This accounted for nearly 15 percent of daily volume on NASDAQ.
#2. Day traders can earn profits, but it is not sufficient to cover transaction costs, fees and commissions. In a normal six month period, about 80% of traders lose money.
#3. In High Frequency Trading, each second is worth around $100 Million in volume sometimes. Kerblammo!
#5. TD Ameritrade has 7 million customers.
#6. Jesse Livermore lost his fortune twice, made $100 million and died with about $5 million.
#7. George Soros used to be a traveling salesman. He now has a net worth of 24 Billion.
#8. Paul Tudor Jones was a former boxing champion but now has aboout $4 Billion.
#9. Nick Leeson, a Barrings bank trader, lost over $1 Billion of the banks money in a single day. The bank didn’t have these money and had to shut the doors for good. Nick went to the big house... the slammer. Now he is a big speaker about financial markets and earns a ton of money doing it. Welcome to Wall Street! LOL
#10. Richard Dennis borrowed $1,600 from his family and spent $1,200 on a seat at the MidAmerica Commodity Exchange. That purchase left him $400 in trading capital. That turned into a net worth of $200 million.
#11. "LTCM" or Long Term Capital Management was a bond-trading hedge fund. They grew to $100 billion in assets in less than three years. It took 4 months for them to go bankrupt. Why? Martingale.
#12. Ed Seykota is a famous trend following trader who also sings bluegrass music.
#13. Bruce Kovner’s used to drive a taxi but is now worth $5 Billion.
#14. Warren Buffet has a net worth of $70 Billion. When he was a kid, he sold news papers and still lives in his childhood home.
#15. Stanley Druckenmiller, (Net worth $3,000,000,000), was once a hot dog stand attendant and dropped out of college.
#16. Howard Hubler lost the largest trade in history. It was $9 Billion.
#17. Andy Krieger sold the New Zealand dollar with options in the 1980s and took a profit of $300 million.
#18. Andrew Hall bought Oil Options in 2003 and made a ton of loot for Citibank. Citi agreed to pay $100 Million to him as a bonus. They got greedy and it turned into a nasty scandal.
#20. February 2018 posted 2 days of the largest point decline in the history of Wall Street! −1,175.21 and −1,032.89 respectively.
#21. Of the 20 largest Dow Jones drops by percentage, Thirteen happened in 3rd quarter of the year, according to the Wall Street Journal Historical Index.
#22. Kenneth Lay shafted investors out of of $74 Billion as he over exaggerated Enron’s earnings. He was indicted but got out of the jail sentence by dying from a heart attack 3 months before sentencing.
#23. One Tulip bulb sold for more than 10 years wages in 1637.It left everyone that invested and held… penniless.
#24. Berkshire’s B shares underwent a 50 to 1 stock split, bringing its price down from around $3,400 to about $70 per share. Today the stock is worth over $160 per share.
#25. During October of 2008, the Dow Jones Industrial Average gained 936 points, the single largest stock jump on record.
#26. Also in 2008, The Zimbabwean Dollar had an inflation rate of 79,600,000,000%. (79 Trillion percent.)
#27. Jon Corzine (MF Global & former U.S. Senator) stole $350 Million by illegally transferring money from customer accounts into his own personal account.
#28. In 2003, the Iraqi Dinar was touted as 'The Next Big Investment'. Thousands of investors bought into this idea. Price has done nothing but drop ever since.
#29. Capital One has someone with $100 Million in a single account.
#30. Warren Buffet lost over a billion dollars one day and didn't blink an eye.
#32. A pool contractor named Dan Zanger snowballed $11 Grand into more than $4o,ooo,ooo in less than 24 months. No one has beat him since.
#33. Balchem Corp (I had not heard about it either) has returned 107,099% since 1985.
#34. Kim Kardashian tweeted about Apple becoming the most valuable company in the world and the next day the stock dropped 37 percent.
#35. The 'Super Bowl Indicator' states that if the AFC wins, the market will fall for a year. If the NFC wins, it will rise for a year. It is 80% correct.
#36. Google tried to sell their company to EXCITE in 1999 for $1 Million and Excite turned them down. Today, Google and all of their minion companies are worth over $500 Billion.
#37. The NYSE used to open trading by banging a Chinese Gong.
#38. The Philadelphia Stock Exchange was created in 1790 and is now known as NASDAQ OMX PHLX.
#39. The oldest stock exchange in the world is in Belgium.
#40. The very first stock listed on the NYSE was the Bank of New York, in 1792.
#41. The first stock tickers and ticker tapes were used in 1867.
#42. Between 1965 and 2015, the S&P 500 has declined by more than 10% a total of 27 times.
#43. After the crash in 1929, the S&P 500 fell 86%. It took 32 years for a recovery.
#45. Some financial analysts estimate that more that 70% of assets in European and American markets are traded by robots.
#46. Investors in Norway own 1 percent of all the publicly traded shares in the entire Earth!
#47. In 1997, Microsoft saved Apple from going under but no one really knows why, other than the 'friendship factor'.
#48. Shia LaBeouf made over $300 Grand buying stocks while he was training for a movie shoot. His trainer eventually went to jail for some type of stock market scandal.
#49. Walt Disney gifted his housekeeper some Disney stock every year for Christmas and she died a very multi millionaire.
#50. There is a ‘pirate stock exchange’ in Somalia. Locals can invest in pirate gangs planning hijacking missions against freighters.
#51. General Motors declared bankruptcy less than 10 years ago. They received an ungodly amount (Billions) in government bailout money. They gave the American economy a big 'THANK YOU' by issuing new stock for the “New GM,”. This lovely stock came with ZERO COMPENSATION FOR THE OLD SHAREHOLDERS. The old shareholders owning the original stock were shafted.
#52. From 1900 through 2013, there were over 120 stock market corrections. This equates to about 1 per year. There were also about 32 bear markets with more than a 20% drop from the most recent highs.
#53. Merrill Lynch told people to buy the Energy Sector in 2015. The sector fell 25%.
#54. Since 1950, September has been the worst performing month for the stock market, with an average fall of 1%.
#56. Shanghai is the second largest stock exchange by trading volume, beating out London.
#57. The oldest Stock trading book was published in 1688.
#58. Stock Market returns perform much better during a democrat President than a republican President.
#59. Bill Gates told his college professors, " I will become a millionaire by age 30!". He became a billionaire by age 31.
#60. Alan Greenspan promoted sub prime mortgage fraud in 2004 and losses for Americans were in the trillions.
#61. American net worth dove by almost 40% between 2007 and 2010, according to the Federal Reserve. Net worth fell from $126,000 in 2007 to only $77,000 in 2010.
