The Tell: Day trader tries out ‘demo’ platform, ends up with actual $5 billion position

Day traders can do the darndest things.

This week has provided the tale of a huge demo-trading platform mixup, and it’s on par with the story of the guy who launched a GoFundMe drive after a short bet went horribly wrong.

Harouna Traoré was making trades with Valbury Capital last summer — on a try-out version of the British brokerage’s platform, he thought. But the French day trader discovered that in fact, he had been placing actual orders worth 1 billion euros ($1.2 billion), according to a Financial Times report.

Traoré, who opened an account with $23,000, found himself in the hole by more than $1 million.

>>> Original Source <<<