On Monday 23 January, the market opened up 30 points. It was approaching 19,000. Nick sat at the booth and let it run. Nick makes several million pounds when it rose another 30 points. He was satisfy when he watched the price, he kept an eye on George in the pit and he make a call to Fernando who in Tokyo. Fernando asked Nick hold on the trade because there was something selling in the market. Nick watched the pit and watched the screens and saw the market drop over 1,000 points. He had never seen it move so fast. Every five minutes he was waiting for a bounce which never happened. Finally he waited till the moment he called George to sell 2,000 market. He knew he was madness to try to sell more that that because he was getting no price at all. He told himself he could make whatever errors he wanted on it because he had lost an absolute packet of money. Nick’s brother makes a call to him and he had some chat with him. After that, he knew he must have lost at least another 7 billion yen on the options. He was down £ 50 million on the day.