If you want to see crippling losses adopt Skol the troll's genius nominal 2% p.a. term deposit strategy in a 7% y/y inflationary environment - when in real terms he's going backwards at a rate of at least 5% p.a. (before tax). Inflation is a tax, pure and simple (albeit not an explicit tax) whereby purchasing power is subtly and silently diminishing. Enjoy those real losses while we trade/exploit the volatility! GLTAH!