Swing trader ….. $9K to $80M in 8 years

[Overnight]

So you dont think a 25m loss in ONE YEAR seems a bit excessive? Watching 40% on my wealth evaporate so quickly would be devastating for me.

It wasn't a loss if he never closed the trade at a loss. Unrealized is a powerful term.

How rich I would be if I did not turn my unrealized losses into realized losses.

 

[Overnight]

I think a lot of guys dont realize what happened in 2020 and 2021 was a generational event that we'll probably never see happen again in our lifetime.

Oh yeah? When Trump gets re-elected this year? Watch what the fuck happens. Buy a VX future at 20 going out 2 years? You're gonna' make a killing.

Where's poopy on this shit? He knows.

 

[tomkat22]

It wasn't a loss if he never closed the trade at a loss. Unrealized is a powerful term.

How rich I would be if I did not turn my unrealized losses into realized losses.

Supposedly the 25mm loss was confirmed by the Swedish IRS. Maybe Kris is trying to write off 3k per year for the next 8333 years.

 

[tomkat22]

Oh yeah? When Trump gets re-elected this year? Watch what the fuck happens. Buy a VX future at 20 going out 2 years? You're gonna' make a killing.

Where's poopy on this shit? He knows.

Thats IF he gets elected. Can a US President serve from jail? LOL

 

[Sprout]

I recall listening to a 'Chat With Traders' episode interviewing Kullamagi a few years back.
I assume they do some due diligence on the guest's performance claims before bringing them on?

ET never fails to entertain.. haters gonna hate

from @ChatWithTradersPodcast

 

[2rosy]

bajskorv

 

[SunTrader]

"My risk on most trades is usually 0.25-1%. I rarely risk more than 1% of my account on any trade."

Welp how does that get you to a $25 million loss - without a monster losing streak?

 

[Picaso]

"My risk on most trades is usually 0.25-1%. I rarely risk more than 1% of my account on any trade."

Welp how does that get you to a $25 million loss - without a monster losing streak?

Most people who blow up do so doubling down on losing positions.

Doubling down of course works great on mean-reverting markets, improves your % of winning trades, makes it easy to argue that you were just a bit early because you're smarter than everyone else ...

It's the desire to be right, to prove something to whoever, etc.

 

[SimpleMeLike]

Most people who blow up do so doubling down on losing positions.

Doubling down of course works great on mean-reverting markets, improves your % of winning trades, makes it easy to argue that you were just a bit early because you're smarter than everyone else ...

It's the desire to be right, to prove something to whoever, etc.

Hello Picaso,

I have a friend who just blew his account up in the NQ market trading like this. He is pretty upset with himself.

 

[SunTrader]

Most people who blow up do so doubling down on losing positions.

Doubling down of course works great on mean-reverting markets, improves your % of winning trades, makes it easy to argue that you were just a bit early because you're smarter than everyone else ...

It's the desire to be right, to prove something to whoever, etc.

Curious why you would quote my post with a reply that has nothing to do with it?

Which of course, on a sidenote, dimwit SML clicked like on it.