This is the angriest I've ever been’: 24-year-old astrologer lost $440,000 by day trading crypto and

T

TrailerParkTed


Highlights posted.

“….
Racso, a 24-year-old vedic astrologer from Austin, Texas had lost an immense amount of money trading cryptocurrencies and is now funding his lifestyle with credit cards.

Getting a regular job, he explained, is only for a “worst-case scenario,” but Hammer believes Racso’s current situation couldn’t get any worse.

“I’m borderline ready to kick you off,” he told him. “This is the angriest I’ve ever been.”

From “half-a-million” to broke
Racso started trading cryptocurrencies in 2020 with $40,000. He eventually turned that into $440,000. Unfortunately, his day trading was fueled by immense leverage as high as 17 times his equity….”






https://www.yahoo.com/finance/news/angriest-ive-ever-24-old-121300556.html
 
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TrailerParkTed said:
Highlights posted.

“….
Racso, a 24-year-old vedic astrologer from Austin, Texas had lost an immense amount of money trading cryptocurrencies and is now funding his lifestyle with credit cards.

Getting a regular job, he explained, is only for a “worst-case scenario,” but Hammer believes Racso’s current situation couldn’t get any worse.

“I’m borderline ready to kick you off,” he told him. “This is the angriest I’ve ever been.”

From “half-a-million” to broke
Racso started trading cryptocurrencies in 2020 with $40,000. He eventually turned that into $440,000. Unfortunately, his day trading was fueled by immense leverage as high as 17 times his equity….”






https://www.yahoo.com/finance/news/angriest-ive-ever-24-old-121300556.html
More...
Good Morning TrailerParkTed,

Thank you for sharing. This is a very good sucess story. He made $400,000 day trading. I love it.

I'm not sure why anyone would be angry about this. Better than losing the $40k like most do.
 
Bizarre Losing Streak... Is His Saturn In Leo?

How Can You Lose Knowing... :cool:

That when the Moon is in the Seventh House and Jupiter is Aligned with Mars... Then AI will reign Supreme and Fed Hikes are only a dream... :D
 
Imo it took him very long for that 11-fold. If I may believe some traders on this site they often do a double of triple in options per day. So in 3 days one can get there.
 
I'm surprised he needed any leverage. BTC & other cryptocurrencies are so volatile as it is. He wasn't a real daytrader in the sense he was mainly long. If you're going to have long bias you might as well as HODL with buying 10% dips. I mean BTC went from $4K to $69K from the low in 2020 to the high in 2021.
 
SimpleMeLike said:
Good Morning TrailerParkTed,

Thank you for sharing. This is a very good sucess story. He made $400,000 day trading. I love it.

I'm not sure why anyone would be angry about this. Better than losing the $40k like most do.
More...

You need to be downvoted forever for this comment.
 
SimpleMeLike said:
Hello Overnight,

Why?

The trader made $400,000 trading.

At least he made money. The goal in trading is make money, alot of money. He achieved that per his standards.
More...

You're really not that smart, are you. Good grief.

"Undeterred by his failure to predict this market collapse, Racso now believes he can make a living as a vedic astrologer predicting the fortunes of others. He admitted, however, that he isn’t currently earning any income.

Meanwhile, his portfolio is down to pennies, so his monthly budget is fueled by credit cards..."

Be careful, SML, or that will be you soon.

Wait a minute, how do we know that is not you already. Hmmmn.

Idiot.
 
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