Got totally burnt on NZX50

Man I just got totally burnt on the NZX50 stock ... hope I'm not the only one!! Feel so stupid assuming that 3% chance of loss is near enough to 0% chance of loss that I bet the farm on it! ARGH and D'OH and hope whoever got all my money is having a good laugh!! Keep away from NZX50 cos it totally screws you!

<MANGLED SCREAM OF ANGUISH>

mikadzuki

(ok it wasn't that bad, just $250 down but that was months of little gains wiped out in an hour)

I think Ipredict got it wrong. The index closed up not down and they have used an incorrect level (see my posts elsewhere on the forum)
Trying to get an answer

I believe that got it wrong as nzx webste shows it closed up 1 point

Could be worse: [imgur.com]