3 ms·
Call me a skeptic (and this is an active board right now, I'm surprised I'm the first to say it) but this doesn't really add up. Guy is smart enough to fool th
by nstj 10y ago
Call me a skeptic (and this is an active board right now, I'm surprised I'm the first to say it) but this doesn't really add up. Guy is smart enough to fool the brightest HFT minds around the world and wipe out trillions of dollars in market cap from and make a lot of money 'from his investments' yet he loses all of his money 'from his investments'.
- hermitdev 10y agoTrading and personal finances are different animals. Most traders are very specialized, and it reads as if his personal investments were outside of his expertise. And...he got owned, or taken, depending on your outlook. Reading the article, it seems that he got taken by a Ponzi scheme (although that wasn't mentioned, but I extrapolate that from the lack of being able to get a single cent back).
- nstj 10y ago3 different Ponzi schemes though? And not a cent out of any of them? (He had to mortgage his parents house for $50k). Something smells off. And if the guy was such a frugal person focused on capital preservation/building his bankroll why did he take $ out of his 30x trading account and put them into 11% safe "real investments"? Just all smells pretty off to me (reminds me of the MF "vaporized" moment).