How This Guy Lost $5,000,000 Trading

[Chuck_Nrris]

My 3 dollar lost water bottle doesnt feel as bad after watching this.

[WeRWar]

5m into 5% interest would have been 250k a year without touching the investment what a shame.

[Deknis]

The fact that he made it to 5 mil is nothing short of a miracle.

[SirSauce]

5 mil and he didn’t move it around into something else is WILD

[jjdiaz]

He bought testi-calls and he shouldn't have done that.

[Alem_Mehari]

“The big money in booms is always made first by the public - on paper. And it stays on paper.“ ~ Jesse Livermore

[djee]

That's fine, he can always start selling a trading course on YT.

[YoungMoneyInvestments]

I know a guy that had $10, 000 and he took out $20, 000 in credit card debt. He turned it into $750, 000 in six months and then proceeded to lose it all and then some because he owed people a lot of money as he started to take money from people to trade for them.

During that time, he took another $10, 000 and turned it into half a million dollars in two weeks trading ES futures.

Although it was painful to watch, that was largely the reason I began creating automated trading strategies and becoming a major proponent of algorithmic trading.

[lyngdohfx]

Making 5millions and didn't withdraw anything for security is insane, atleast put some emergency fund😢

[redretrofax]

If you're going to double down on the next trade because you lost the last one, go to a casino.
Isnt that the martingale methodology ?

[k_g]

You have to cash out and spend the money. You need to reward yourself by splurging that hard earned cash!!
Have something to show for it, an expensivive watch, car, jewelry, nice clothes, heck buy a couple of houses!
All im saying is spend that money!!!!
Isnt this why we trade? To spend it on something else

[Rachel-xrf]

All these mistakes can be avoided when you have a professional investment advisor manage your portfolio

[PurvisTwiggs]

Imagine being able to say you lost 5M day trading. That means you had at least 5M? or no? Goals. Can anyone shed light on this?

[DarrylMarshall-kj]

Smh I've had this problem as a rookie trader... It's discouraging but not enough to make me turn my back on the market...

I just have to master self and stay true to my strategy that got me to 6 figures from 5k

[mascotboy]

Profit Taking is a skill ❤ most of traders don't do it

[sandytaylor]

I have experienced this It forced me to learn the hard way

[BitcoinProphecy]

You can make it back! Remember January February next correction expected. Then right moment to buy under 30 000 dollar levels for bitcoin and ofcourse altcoins will be by that time in great promotions

[chrisacevedo]

Dude should have bought the damn stock instead

[kjdj]

Never double down. That is where I have had the worst loses

[iabsoluteagreewithyourcomm]

My breaking-even after 250 trades in 2020 doesn’t feel so bad anymore