WSJ/Yahoo Finance:"By day, Brian Abbott is a doctor at a cancer institute in Great Falls, Mont. In his off hours, he invests with borrowed money, shorts stocks and has taken a complex options position called a "short strangle" on wheat. Rather than protecting his $1 million or so in holdings, the 35-year-old physician says he left it vulnerable.
"Things that should have protected me weren't working," Dr. Abbott says of the market in recent weeks. "Everything was seeming to go down."
References:
Small Investors, Too, Get Nailed by Arcane Trades. Wall Street Journal, 08/2007.
When Bad Strategies Outperform. Seeking Alpha, 11/2007.
After a Devastating Trading Loss. TraderFeed, 11/2007.
Image source: Wikipedia, GNU Free Documentation License.
Related:
How Much Do You Save? The Happy Hospitalist, 01/2008.
How to become a stock broker. The Independent Urologist, 02/2008.
Updated: 01/24/2008