When I opened my DNB Trade account in 2015, my first trades were a bit crazy, among them:
- $YHOO – lost only 4%, but should not have touched it at all
- $NBG – National Bank of Greece, lost only 25% (now delisted)
- $CHAD, $CHAU – ETFs with 2x leverage that follow CSI 300 Index
- $SUNE, $ZINC, $VRS – lost nearly 100%, delisted or went bankrupt
I tested my risk tolerance by starting with the most risky stuff I could find and when I got burned, moved to more safe things like sector ETFs with no leverage.
My most expensive lesson was from buying $UWTI – where I managed to lose about 80%, which amounted to more than $3700: