A Quarter to Remember, from James Lackey
In reality very few won big. A few guys lost big, but the vast majority of traders I talked to who talked to two friends and so on and so on didn't make squat. The small traders simply pulled orders, widened scales to (in retrospect) ridiculous levels and reduced leverage from 10-1 to 3-1. How to define squat? Under a 30% total profit for the quarter. No reason not to have made 50% or more in that move. That is the expectation.