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Yes he lost a ton of money. He went from being up as much as you said to up only 80% and getting liquidated at that point. If it weren’t for Citadel stepping in
by uncivilized 2mo ago
Yes he lost a ton of money. He went from being up as much as you said to up only 80% and getting liquidated at that point. If it weren’t for Citadel stepping in to buy his investments who knows how much worse it could have gotten.
The only thing you can argue is realized vs unrealized.
- bigstrat2003 2mo agoUnrealized losses do not count as losing money (and similar for gains, of course).
- uncivilized 2mo agoTell that to Leopold
- deleted 2mo ago[deleted]
- BoorishBears 2mo agoThey do once you're getting margin called.