(based on a true story)
sandy was so happy...
he had just got his first job
as a salesman
in an automobile sales outlet
in his town.
he started working
with passion
and zeal!
months
and then years
started to roll.
his employers
were really pleased
by his hardwork, loyalty and consistency!
they "rewarded" him
by offering him to marry
their niece!
a small step for the man
a giant leap of the fate!
he got a good dowry
a decent pay-hike
a seat at the round table
besides a promotion
to manage the show independently!
sandy and his family
lived happily thereafter
till
sandy got an itch
to do something "more"!
the student was ready
the appearance of a "teacher" was "inevitable"!
sandy met a customer
who was into stock trading!
the customer became a friend
and the friend became a "trader"!
sandy opened a demat account
and after brief flirting with stocks
started dating commodities
on the exchange!
initial fear
got extinguished
by chance big shots!
the unexpected profits
overshadowed the tiny trickle of salary!
sandy "became" an "expert" in commodity trading!
whatever he said
happened!
with the profit
he bought a ford ikon!
the ikon inspired the lifestyle
the lifestyle fueled the attitude
the attitude sparked the ego
the ego signed the bigger cheque!
sandy had come a long way
all set to go places!
his family was happy
and so were his foster parents!
whatever he touched
turned into
silver!
so, he started trading in silver
in the commodities market!
he took long position
in the shining metal
and hit a jackpot!
he booked profit
and waited
for the next chance!
chance came
like the next train
sandy jumped onto it
and got down at the next station
with his bag full!
by now
sandy had doubled his "savings"
but he wanted more!
more money
and more respect!
he wanted to prove
that his success
was not a fluke!
so the expert in him
pointed it out to him
that silver had come up too much
and was all set to crash!
this is the opportunity
sandy wanted
to prove his "trading abilities"!
while everyone was long (buy position)
sandy shocked everyone
turning short (sell position)!
that day
the market remained flat
neither up nor down
perhaps giving a serious look to sandy's position!
sandy felt great
but couldn't sleep properly
that night!
next morning
he drove fast to his office
switched on the tv
and hit the roof
in ecstacy
on seeing the silver down!
his prophecy had come true!
he was truly a genious!
a rainmaker!!
a trader with a midas touch!!!
he went out of his room
lighted a cigarette
puffed out the smoke rings of invincibility
came in
head held high
and looked at the corner of the tv screen
to see the latest "score"
his eyes mistakenly read
the wrong score!
he ordered his eyes to look at the score properly
the eyes obeyed
but the result was same!
silver had started to climb again!
sandy was "sure" that this was only momentary!
he sank in the chair
ordered for a cup of coffee
and waited!
but silver continued to climb!
minutes and hours passed
the day closed
the silver was still shining!
sandy closed the office
went home
didn't talk to wife and kid
and slept without having dinner!
next morning
he was awake
before the sun rose
in the land of the rising sun!
japanese marets opened
and silver was up!
the day dawned in india
and sandy welcomed it
by shorting one lot more!
he had enough funds
to sign the extra margin cheque!
that day
silver shot up big!
sandy got his first major hit!
now he was sitting on a loss!
he decided to wait!
the next day
silver continued its run up
unmindful of sandy's expectations!
sandy's account was now bleeding!
in the evening
sandy's broker called him
and politely requested
the business family's son-inlaw
for the additional margin cheque!
sandy signed his last "good" cheque
away from his wife's attention
and sent it to his broker!
"silver has gone up too too much
it has to fall!"
sandy consoled himself!
but silver didn't listen...
it continued to rise
at the ring of the trading bell
the next morning!
by now
sandy was in deep loss!
he didn't have the nerves to book the loss
nor did he have the money to hold the position.
but he knew it very well
that he won't be able to recover the huge accumulated loss
except from the trade itself!
"it might start falling
the moment i square off my position!"
he thought.
this thought made him very clear
about what the right course of action should be!
he borrowed 50000 from his friend
and paid it to his broker
to keep the short position alive!
silver said "thankyou"
and climbed big the next day
digesting sandy's borrowings!
now sandy found himself in a no-return position!
he borrowed 1lac more
from another friend of his
to fund 2 more days of survival!
2 days came
in eactly 2 days
and swallowed sandy!
sandy went mad!
he stopped talking to anyone!
at night
he silently
took out his wife's gold jewellery
to support his terminal trade
for a few more days!
"i will get all this back
once silver starts falling!"
he consoled himself!
next few days
silver continued to steam roll up!
sandy's fear now turned ugly!
it was a fight to the end for him now!
he locked himself in a room
lit his cigarette
and started looking at the available options!
and then
suddenly
he got an idea!
he had received cash advances
from his customers
as bookings for their cars!
he opened the chester
and counted...
...it was over 4 lacs.....
he picked them
sat in his ikon
raced to his broker's place
and dumped the cash
on the table!
the broker was shocked!
but he was "wise" enough
not to ask any question!
sandy's position got a week's reprive!
---
week came
and went!
silver continued to rise!
--
sandy finally decided to "stop loss"!
he went home
took out the gun
and pulled the trigger!
--
his kid
performed the last rites,
his wife
handed over the keys of the ikon
to the debtors,
locked the house
and went back to her parents' house!
--
next morning
the markets opened
and
silver continued to shine
shamelessly!
2 comments:
Shan sir, yt is it? A true story. I am shocked & even cant able to post also because my hands still sherving. As I also hve a small part of this story in my trading life.
yeah, this is based on a true story...
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