All, doing a 5 minute freewrite. Thank you for reading.
After days of studying the market and with the confidence from all the trading he had done in the past, Joshua was absolutely certain in his pick for the market tonight.
He had reached out to his investment client and shared his assessment and the estimate of the price that this particular share will land after the market start trading. He even assured his clients that this particular investment injection will reap them a good return of investment.
After securing all the investment funds and also with the confidence in his estimated price of the share he chose, he did an after hours bid then went home to have a good rest.
The next day morning when he arrived at the trading firm that he was working for, even before reaching his desk, he was immediately summoned to his supervisor's office. His supervisor is fuming and gave him until the end of the day to recoup all the losses that his clients lost. Joshua was in a state of shock, he was dead confident last evening but a sudden news this morning that the CEO of the company, which Joshua invested his clients money in, just died in a plane crash. So instead of a price increase, it became a price plunge.
A very bad estimate by Joshua and now he needs to work doubly hard to recoup losses for his clients.
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Never be too confident when trading.
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