If he doesn't win, the trader loses the $3.20.
The result was that its pools made a lot of money while traders on the other side lost a lot.
Even traders, whose livelihood depended upon travel, lost all desire to venture beyond the city walls.
The scam was short-lived, and the traders lost $10 million.
He also said several traders lost their jobs because their bosses believed they had made bad trading decisions.
Enron's traders lost $550 million - a figure that sent shock waves through the company.
More than one trader has lost money anticipating the way an expiration will go.
Now that there was a new duke, the merchants and traders were losing no time.
Thus when one purchaser backed out, the trader did not lose a sale.
It also said several traders lost their jobs.