Uprise lost 99% of client funds while shorting LUNA

The_Krakenite

The_Krakenite

Interesting. Even though these geniuses got everything right, going short when it was time to short, etc. They even STILL managed to fuck that one right up by being too-greedy and over-leveraged themselves into margin calls.

No one believes in even the smallest dead-kitty bounce anymore?
https://www.theblock.co/post/156031...ds-while-shorting-luna-during-its-price-crash


To get liquidated, while shorting a company that is on an obvious downward implosion to 0, really takes a SPECIAL type of trading skill.
 
Risk management is not just for small guys. Timing is everything whether long or short.

“Never let a winning trade become a losing one.”
 
The_Krakenite said:
To get liquidated, while shorting a company that is on an obvious downward implosion to 0, really takes a SPECIAL type of trading skill.
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It takes greedy amateur position sizing skills.

That has to be the only reason why they position sized so large. They bet the whole farm and lost.
 
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They probably blew up on that spike that went from <1$ to >7$ I think, only to get sold off and drop even more soon after.
 
schizo said:
Dumb money chasing after dumb money.
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No it's dumb money chasing after dumb non-existent money. If tomorrow, All the computer in the world get wiped out or the backbone internet structure buried deep down on the ocean floor malfunction or worse explodes, there would be no more crypto's, no more bitcoins or Ethereum or whatever. None of that would ever exist!!
 
TheDawn said:
No it's dumb money chasing after dumb non-existent money. If tomorrow, All the computer in the world get wiped out or the backbone internet structure buried deep down on the ocean floor malfunction or worse explodes, there would be no more crypto's, no more bitcoins or Ethereum or whatever. None of that would ever exist!!
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Well, that would also apply to stocks, bonds and futures as well.
 
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