This Hedge Fund manager just lost all of his clients' money ...

[Anonymous No.11826086]

...over the course of a couple weeks (hundreds of millions of dollars), made this apology video, then shut his site down and went dark.

https://www.youtube.com/watch?v=VNYNMM0hXXY&feature=youtu.be

[Anonymous No.11826355]

The face of a JUSTED man.

[Anonymous No.11826533]

>>11826086

brutal

https://www.bloomberg.com/news/articles/2018-11-19/hedge-fund-s-accounts-liquidated-amid-energy-market-volatility

[Anonymous No.11826980]

Aaaaaand... it's gone.

[Anonymous No.11827037]

Enjoyed it.

[Anonymous No.11827060]

>>11826086
holy fuck, imagine trading worse than biz neets.

[Anonymous No.11827086]

>>11826086
ALL I SEE AROUND ME ARE FAMILIAR FACES

[Anonymous No.11827131]

>>11826086
this is why Buffet-sama is the Best-sama

[Anonymous No.11827133]

So is he still alive or did he JUST himself? Is he ruined or did he "go bankrupt" except for the multimillion dollar bonus he paid out to himself right before liquidation?

Sure there may be guilt, but I'd strongly consider losing hundreds of millions of clients money if it meant I could live a cozy life on an island somewhere

[Anonymous No.11827219]

>>11827133
he's still alive, or if he isn't no report has been made on that.

[Anonymous No.11827252]

What are the chances he took this volatility opportunity to exit scam with the client's funds.

[Anonymous No.11827296]

The biz mascot

[Anonymous No.11827299]

Why wouldn't he at least take off the rolex.

Jesus

[Anonymous No.11827307]

>>11827252
Read the fucking article, there was a 20% swing. He was probably overleveraged and blew up.This market has been overleveraged for a long time now and this likely to happen again.

[Anonymous No.11827361]

Wow this bear market is really flipping over the tables, good shit, goes to show the level of IQ in the crypto bubble.

[Anonymous No.11827378]

>>11827060
kek'd

[Anonymous No.11827393]

Wait so people trust their money with paid groups? I guess it's more legit because he's "licensed"

[Anonymous No.11827397]

>>11827393
Boomers are stupid

[Anonymous No.11827450]

>>11826086
Seems like its all an act

[Anonymous No.11827470]

>>11826086
I can't tell if this is real or not

[Anonymous No.11827478]

> Valerian rex I think I owe you a cuban sandwich
my sides

[Anonymous No.11827492]

>>11827131
But I want some actual growth.

[Anonymous No.11827499]

>>11827299
When you are a billionaire rolex is not a thing

[Anonymous No.11827514]

>>11826086
https://www.youtube.com/watch?v=n4AUY-v1nsE

[Anonymous No.11827538]

>>11826086
HOLY JUST.

[Anonymous No.11827542]

holy JUST

[Anonymous No.11827549]

>>11826086
>thank you for the barbecue sauce

Jesus Christ. Wake up to the situation, you fucking retard.

I hate how leaders or powerful people fuck everything up, then just have that dumb sheepish "whoops" look on their face. FIX THE PROBLEM YOU GODDAMN NIGGER.

[Anonymous No.11827563]

>>11827549
money's gone there's nothing to fix

[Anonymous No.11827570]

>>11827549
he's liquidated. he can't fix the problem

[Anonymous No.11827572]

This is a microcosm of the world markets and economy
Watch'The Big Short' to see for yourself

FUCK THESE PEOPLE DONT FEEL SAD
FUCK FUCK FUCK FUKC FUCK FCK
FUCK FUKC KFUC FK CUF C

YOUUUUUUUUUUUUUUUUUUUUUUUUUUUU

STOP FUCKING GAMBLING WITH MY ECONOMY FF+AAFGGGOTTT
FUCKKKKKKKKKKKKKKKKKK

[Anonymous No.11827575]

I think its real

[Anonymous No.11827607]

>>11826086
https://www.youtube.com/watch?v=lVlgMEFu1PI

[Anonymous No.11827630]

>>11827538
>>11827542
hivemind

[Anonymous No.11827639]

>>11827575
yeah it's on Bloomberg it's real

it's fucking scary seeing such clueless peoples in charge of so much money, he's no different from yolo 100x trader on bitmex

[Anonymous No.11827650]

>>11827549
Some people like to cope with lighthearted jokes after something bad happens

[Anonymous No.11827699]

>>11827549
YA thanks for the bbq sauce ... its all ill be eating. next time im at the stadium, ill be working there -basedgf

[Anonymous No.11827710]

>>11827549
There's no fixing the problem when you're selling calls on a stock and it goes up. You're basically 100% fucked if you aren't diversified. Which speaking of, why the fuck would he have all of his clients' money in one industry like that? He literally wrote a book called "the complete guide to options trading", shouldn't he know thats completely buttfuck retarded?

Also, any anons who live near his office able to go knock on their door and ask him to sign his book? If they get a picture with it signed to /biz/, I'll unironically reimburse you the cost of the book (you can still keep it).

[Anonymous No.11827729]

>>11827639
this is the real redpill. also if you look at companies on otcbb the majority of them are even more blatant scams than most ICOs including insane dilution scams but they all get off scott free because of lawyers and it is all just allowed to happen

[Anonymous No.11827751]

>>11827710
>Also, any anons who live near his office able to go knock on their door and ask him to sign his book? If they get a picture with it signed to /biz/, I'll unironically reimburse you the cost of the book (you can still keep it).
kek

[Anonymous No.11827766]

>>11827710
We just went through one of the largest bull markets in the history of ever with tons of easy money going around.
It was always going to end this way.

[Anonymous No.11827790]

>>11826086
THIS WHOLE FUCKING THING LITERALLY SOUNDS LIKE THIS:
>I'm so fucking miserable I won't be on my yachts or drinking fancy wine or living my ritzy lifestyle because I'll never have a job again probably, fuck fuck fuck fuck fuck, fuck you guys. FUCK YOU GUYS!

[Anonymous No.11827827]

>>11827563
>>11827570
>>11827650
>>11827710
Why the fuck are you guys saying that as though it's even remotely acceptable? Completely destroying someone else's life through your incompetence and failure to take basic safety precautions?

I would genuinely, for real, not kidding, MURDER you if you did that to me. If my life was destroyed, I would literally find you and torture and kill you. And make sure you knew exactly who I was and why I was doing it. Then I'd kill your closest family members just to let everyone around you understand.

[Anonymous No.11827850]

someone please photoshop him with the JUSTING haircut and eyes

[Anonymous No.11827852]

Someone please call or visit the office. Tell them they've been bogged.

[Anonymous No.11827860]

>>11827060
it kinda makes me feel better i lost everything i gained on 3 bad trades today... back to square one.

[Anonymous No.11827870]

>>11826086
The investors actually owe money now.

[Anonymous No.11827871]

>>11827827
yeah that's why I'd never be a hedge fund manager and think that the vast majority of them are retarded con artist scumbags because they're taking that chance.

[Anonymous No.11827893]

>>11827852
kek

[Anonymous No.11827895]

>>11826086
he is almost crying or breaking down on every second word KEK

[Anonymous No.11827897]

>>11827514
Based

[Anonymous No.11827933]

>>11827827
murdering the guy isn't going to bring the money back, hopefully his clients only invested what they could afford to lose
so yeah this guy is a idiot, but investing is taking risk

the real retard here is the guy who give someone else control over his money

[Anonymous No.11827957]

JUST lol

[Anonymous No.11827965]

>>11827827
>Which speaking of, why the fuck would he have all of his clients' money in one industry like that? He literally wrote a book called "the complete guide to options trading", shouldn't he know thats completely buttfuck retarded?
you know how to read, son? I do not think its acceptable. But those are unfortunately the risks you take when giving your money to someone else to manage.

I also highly doubt any of his clients were ruined by this beyond repair. Hurt, yes. Ruined, no. People don't put 6 or 7 figures into a hedge fund if that's all they have, unless they're also idiots. If they did, well, that's the risk they took. His website is literally "optionsellers.com", his clients knew exactly what they were getting into, that shit is incredibly risky.

Its not ok, but you'll never make any money if you get emotional over it like that, no one is perfect and hedge funds go belly up all the time

https://www.investopedia.com/news/biggest-hedge-fund-failures-2016-vrxpshas/
https://www.investopedia.com/articles/mutualfund/05/hedgefundfailure.asp
https://www.businessinsider.com/the-top-10-hedge-fund-implosions-of-all-time-2011-6
https://www.usatoday.com/story/money/markets/2014/06/15/wscs-3-of-the-biggest-hedge-fund-failures-ever/10492799/

[Anonymous No.11827968]

>>11826086
i hope he kills himself, commodity trading should be illegal, only producer and consumers shold be allowed.

[Anonymous No.11827992]

>>11827871

Michael Burry quit his hedgefund because of all the lawsuit threats and hate mail he got from his clients for betting on the housing market crash. I'd imagine it's like being in debt and getting calls from collectors constantly but 100x worse.

[Anonymous No.11828010]

>>11826086
Apparently he was writing far out of the money options and did no delta hedging of any kind. What a pro. Put on a suit, get the right license, and a fancy office and people will throw money at you whether you know what you're doing or not. This world runs on perceptions and not merit.

[Anonymous No.11828083]

>>11827219
That's fucked. You should be required by law to commit sudoku if you fuck up this bad.

[Anonymous No.11828086]

>>11827827
You’re not supposed to put money in a hedge fund unless you’re experienced and well off investor. Most wont let you put in money unless you have millions even if you qualify as a wealthy investors. If you’re rich and putting all your money in a single hedge fund thats being greedy and stupid.

[Anonymous No.11828104]

>>11828010
> This world runs on perceptions and not merit.
Let's get philosophical here anon.
How do we fix it?
You're dead right.
It's also both extremely dangerous and really unacceptable.

[Anonymous No.11828120]

I just looked into these guys and I can't tell if they're real or not.
Their office space is just rent a room type bullshit, their google reviews are all from a few days ago, and their website is just a single static page.

I wonder what this is all about then.
Maybe it's a warning.

[Anonymous No.11828147]

>>11828104
Our world runs on illusions because our money is an illusion.
As it is not backed by anything solid, neither is our reality.

We can fix all of this by using good money again.
Cleaning up the world from negative influencers.
Re-education of the future generations.

It'll take time.

[Anonymous No.11828174]

>>11827850
This, what's taking so long

[Anonymous No.11828184]

>>11827499
Not like any of them are billionaires anymore

[Anonymous No.11828200]

>>11828147
In the days where all money was gold backed, this kind of style over substance was not as common? I've heard of Rockefeller and similar making what seemed like idiotic yolo plays to me as well.. Like his effort to get a strangehold on oil refining monopolies meaning he would buy anything at all etc
It seems maybe even deeper than just unsound money. Like humans as a species have this implacable urge to look for an authority figure and do what they're told or something. I'm not sure, that kind of thing has always struck me as abhorrent, so I can't wrap my head around why other people seem to actively eager to do it.

[Anonymous No.11828208]

+1 for Taleb
Fragilista rekted by Swan

[Anonymous No.11828238]

>>11828120
Im pretty sure the scrubbed their entire online image clean, but Im also pretty sure they've been in business for almost 20 years.
https://www.borntosell.com/covered-call-blog/option-sellers-interview
Apparently had a 28% return in 2015

[Anonymous No.11828241]

>>11826086

Options are a tough business. It's way too easy to lose focus and money.

[Anonymous No.11828242]

>>11828208
nice wicks

[Anonymous No.11828250]

>>11828200
>Like humans as a species have this implacable urge to look for an authority figure and do what they're told or something
30% do and they demand everyone else does too. Congrats bro we just summarized the Cold War and the modern socialist antifa movements.

[Anonymous No.11828251]

>>11827827
blame the fucking Jews for forcing people in situations like this where they have to risk their life savings to beat inflation because the kikes print money out of thin air like absolute degenerates to afford more wars, more gibs and more wageslavery fot the average citizen

[Anonymous No.11828269]

>>11827827
>give someone your money to invest
>they lose it all

[Anonymous No.11828321]

>>11828147
>The Bitcoin Standard
>The Sovereign Individual

The true redpills... now I look around and finally understand why everything is utter shit.

>tfw too late to be born into age of gold standard fiscally conservative classical liberal paradise of ubermensch and innovation
>tfw too early to be born into age of bitcoin standard age of crypto anarchy, moral resurgence, and return of wisdom and enlightenment

[Anonymous No.11828368]

>>11828200
It's true, but when money is cheap it allows people to do way more than they normally would.. amplifying stupidity.

>>11828238
Interesting
He was right a bunch, then wrong once.
Such is the nature of his gambling

[Anonymous No.11828453]

>>11828321
>return of wisdom and enlightenment
Sounds comfy.
I think we can move in that direction slowly... but if so then a period of destruction must occur first.

We might be in that period of destruction now.
And I am not just talking about crypto markets.. but everything has to die and be reborn.
The trick is to do it in such a way that people dont lose their minds.

[Anonymous No.11828493]

Video saved to make me feel better when feeling like a loser

[Anonymous No.11828495]

>>11828368
True.. I guess, in a society where almost everyone was self sufficient, they could all tell everyone else to go and get fucked and they'd be fine on their own, the cost of money would be as high as possible and sound money in that situation would mean that joint ventures requiring cooperation between people in said position of fuck you would only be made if the prospects for returns vs risk where as high as possible, right?
Maybe that's the solution, sound money and promoting independence and individualism together, even robber barons aren't a problem if everyone can take care of their own business, all they can do is offer to improve the situation of other people who aren't themselves desperate.
I suppose it's an open question as to what percentage of living humans can actually attain a position of such independence though. Given my experience with humans, I'm hard pressed to say anything approaching the majority of them.

[Anonymous No.11828599]

>>11828495
Right on the money.
Valuable money and independence would mean that people would be less risky with the money they do have (and that they wouldnt need to be in order to live well either).

As for your thoughts on humans that are capable of living this way, it is a balance.
Right now the entire world DEPENDS on the markets to go up just to keep things running.
We are all slaves to these digital casinos.

The more we can push things the other way, the better.
And this culture of dependence gives rise to humans that learn how to be dependent. There is no natural selection.

We fix the culture, we fix the humans too.
Humans are adaptable
And if not they fail and are weeded out.

We build the correct world and force others to live in it.

[Anonymous No.11828647]

In an interview he stated that he made 28% per annum by selling far out of the money options with 90 days to go. He also defined the following as a usual trade.

Underlying value: 100K USD
Potential Profit (premium): 700 USD (or 0.7%)
Margin requirement: 10K USD

This means you earn 0.7% in 90 days. So he probably leveraged his position x10 (as he had 100K USD as underlying). This would have made him 7% every 3 months. Do this every 3 months for a year and you end up with 28% per annum.

This is all very nice however it is impossible to hedge your position if the trade moves against you, also it is impossible to unwind your position when prices approach the strike price as the option will have appreciated due to changes in the intrinsic value, for which time decay cannot make up taking into account the size of the (over-leveraged) position.

Leverage is a double edged sword. However if you are selling options, the side of the blade that (potentially) cuts into you is way sharper than the side of the blade which cuts into the market. It's nice to collect premiums, however if you can't get out of the position you've put yourself in (due to over-leveraging), it's a potential death warrant.

from youtube

[Anonymous No.11828742]

>>11826086

This is an example of why trading on margin, or selling naked options is such a risk.

The guy sold calls on natural gas, which would have made money if the price went down.

But instead of hedging his bet, he went naked, which opened him up for unlimited risk. The only way things could collapse is if the price suddenly shot up, which is exactly what it did.

Now, he's stuck having to sell at an ever-growing loss, and he's wiped out.

The same shit can happen if you do a short, especially if you short using margin. The risk of unlimited loss is never a good thing.

If you think a stock is going to go down, buy a fucking put. The worst thing that can happen is that you lose everything. Selling naked calls can create a situation where you not only lose everything, but still owe more.

[Anonymous No.11828747]

People who don't know jack shit about trading putting money into the hands of these "professionals" only have themselves to blame.

>>11828647
Basically a gambler who was riding on the climbing market, thinking it wasn't going to bite him in the ass.
These guys wouldn't be so bad if they knew to quit when things are still good, but they never do and most of them lose.
Just like when /biz/ never sells their coins, even if they go from 2k to 100k and then eventually crash.

[Anonymous No.11828774]

9:22 he says he woke up in the morning, put his laptop next to him while drinking a glass of wine
KEK no wonder he lost it all, he was fucking drunk as fuck.

[Anonymous No.11828782]

>>11828647
This is why you find options that have ridiculous IVs and sell naked extended straddles that have to have a 90% price movement to fuck you.

[Anonymous No.11828852]

>>11828647
>>11828742
Fug, look at that chart and his strategy.
Losing everything on one bad trade.
That is vegas-tier bullshit.

Natty gas looking stronk tho.
He should have bet against crude.

[Anonymous No.11828964]

>>11828774

Ya, I saw that. Wine in the morning, cruising the Riviera in the afternoon, arrested by the feds in the evening, wearing an orange jump suit and drinking a juice box the next morning.

Again, a lesson for the average investor out there. The "big shots" who brag about their gains and their wealth are often just guessing and betting on luck.

[Anonymous No.11828970]

>>11827299
I thought the same thing. He should have appeared more casual

[Anonymous No.11829030]

These desk jockey motherfuckers play with numbers all day. Gambling dumb people's hard earned money away. They don't produce anything of value or meaning. Glad he got JUSTed

[Anonymous No.11829071]

>>11828742
>The worst thing that can happen is that you lose everything. Selling naked calls can create a situation where you not only lose everything, but still owe more.
fucking lol apparently that's exactly what happened

https://twitter.com/GunjanJS/status/1063625475061424128
>Can confirm. I'm one of them.
Started with >$400K this week in IntlFCStone. Ended on Wednesday evening with >$100K debt and margin calls from Chicago the next morning.
screenshot of optionstrading.com's message to clients:
>Your account now likely not only has a zero balance - the b alnce is likey slightly debit
>What is a debit balance?
>WHAT IS A DEBIT BALANCE?

Imagine putting, say $500k into a hedgefund (I think optionselling.com's was a $1mil minimum), and waking up owing another $100k. Could be larp, but still

[Anonymous No.11829096]

>>11829030

OptionSellers (dot com) have made most of their videos private, but here's a dumb ass trying to explain why you NEED to trade naked options.

https://www.youtube.com/watch?v=msDcAZaOxO4&list=PL4AfvzwR214CzEcr5gyy16r3FC0acVmkK

[Anonymous No.11829127]

How long into the video before he stops talking about bbq sauce and pretending to give a shit about his clients lives?

[Anonymous No.11829191]

>>11829071

Probably not a larp. He probably had it set up where the client was considered the "real" trader, and he was just consulting.

It's the margin trap that many investors have learned the hard way. You borrow money to trade because all of the "smart people" say that's the way to make big gains, and when it goes south not only do you lose all but the people you borrowed from still want their money back.

For example, this dude, who went to bed with $37k in his account, and woke up owning $106k

https://www.marketwatch.com/story/help-my-short-position-got-crushed-and-now-i-owe-e-trade-10644556-2015-11-19

[Anonymous No.11829192]

Every man I meet that works in the finance industry has this weird fakeness to them. Does the industry exclusively employ sociopaths?

[Anonymous No.11829230]

>>11828147

Best response on 4chan - perhaps ever.

[Anonymous No.11829308]

>>11828147
>Our world runs on illusions because our money is an illusion.
>As it is not backed by anything solid, neither is our reality.
>We can fix all of this by using good money again.
>Cleaning up the world from negative influencers.
>Re-education of the future generations.
>It'll take time.

tfw an ancient boomer predicted this in a cruel joke on his nobel prize speech
https://www.nobelprize.org/prizes/economic-sciences/1974/hayek/lecture/

[Anonymous No.11829310]

>>11828241
They can be easy business if people used them appropriately. But everyone either wants to pick up pennies in front of a stream roller (what this guy did) or wants to gamble near expiration, OTM options hoping to be the guy that makes 10,000% overnight (robinhood users). No one likes steady, simple gains.

[Anonymous No.11829447]

>>11829310

True that.

It's the same story, repeated over and over again. It was true with real estate, with beanie babies, with stocks, probably with tulips, and certainly with crypto.

People see others bragging about making "easy money", and the feel like they are missing out on their own gains. So they take the riskier bets, and are wiped out before they figure out that the people bragging are just as full of shit as they are.

Meanwhile, the people who look for steady consistent growth are just moving forward.

I remember around 2006, when you couldn't flip the TV channels without seeing a dozen "home flipping" shows. Buy a turd, throw in some granite counter-tops, sell for a fortune, repeat.

People never learn that quick money is lost just as quick.

[Anonymous No.11829464]

>>11826086
The video is over 10 minutes long to get more ad money. kek.

[Anonymous No.11829498]

>>11827478
I died at this
What an unremorseful idiot

[Anonymous No.11829535]

>>11829498

Hey, I'm sure the cuban sandwich will be worth the $500k the dude lost

[Anonymous No.11829537]

>>11826086
I saw this the other day. Fucking brutal man.

[Anonymous No.11829613]

>>11828010
That's just an overgrown ogre in webm related

[Anonymous No.11829656]

still wearing a watch that costs a bunch of money BWAHAHHAHA hilarious

[Anonymous No.11829759]

>>11829656
I mean really, at that point how is the watch going to help get the $150mil back, its not like when you "lose everything" some dude from the NASDAQ comes by and starts taking the clothes off your back and ripping copper pipes out of the walls. Those guys look at a rolex the same way we look at a pair of nikes, it doesn't really mean that much. He would just look more disingenuous if he made the video wearing dirty old clothes on a street corner

[Anonymous No.11829770]

>thank you for the bbq sauce
Anytime

[Anonymous No.11829792]

Feels like the bear market is coming. Can't fool me Powell

Thinking of putting 10% into GDX or GDXJ. Anyone else bullish on gold?

[Anonymous No.11829797]

>>11829656
yeah he really shows no remorse in the video

bet he didn't lose a single penny of his personal wealth, just his clients'.

[Anonymous No.11829803]

>>11829192
People with a conscious don't last very long when your career is made by stealing money from other people who don't understand what is happening

[Anonymous No.11829812]

>>11828251
Shut up, Hitler Youth. The people you're claiming got hurt on this CAN'T buy into hedge funds. No 401ks have hedge funds in them. People who DO invest in hedge funds know they're risky as fuck, and don't put their life savings into them.

I fucking love when you larping "investors" start running your mouth about the real markets, because you bought $50 worth of a fake coin.

The only people that got hurt here are the 1%. They're the ones who are allowed to buy in, and they will tax a tax write off on the loss, and move on. Some will sue, because *anger*, but this isn't anyone being "forced" to do anything.

You probably don't even know what a hedge fund is.

[Anonymous No.11829819]

What did James Cordier of OptionSellers.com mean by this?

[Anonymous No.11829820]

>>11829759
its about empathy you utter retard, you don't wear expensive shit when you lost all your client's money
gg this is why you should never handle money for others

[Anonymous No.11829831]

>>11829797
he was literally almost crying at points. If he had no remorse he wouldn't have made the video

[Anonymous No.11829853]

Lol selling naked calls is the DEFINITION of picking up pennies in front of a steam roller. He's been picking up those pennies for years, but there's no such thing as a free lunch and eventually with enough years, the steam roller ALWAYS wins.

It's like driving 10mph over the limit every day on your commute to work. You get to work a little quicker than everyone else everyday for however many years, but eventually you're gonna get pulled over. Except in this analogy you don't get a ticket, you get executed on the spot.

[Anonymous No.11829862]

>>11829820
but he didnt lose "all of their money", he lost all of their money in that particular hedge fund. People putting hundreds of thousands in hedge funds aren't going all in on them, or going in debt to do so. The barrier to entry to most hedge funds is so high that basically only the super rich are allowed in.

[Anonymous No.11829878]

>>11827827

And then you'd get executed. It's not like you're some supervillain from a movie retard. And double so because you were so fucking retarded piece of shit that you trusted all your money on some random guy. Fuck you. you are the only one that would be responsible for the destruction of your life.

[Anonymous No.11829886]

>>11829308
>https://www.nobelprize.org/prizes/economic-sciences/1974/hayek/lecture/
Thx anon
interestingtly structured speech, ill read it in a bit

[Anonymous No.11829944]

>>11829862
All their money in the fund plus whatever debt they will incur because the position is still going.

[Anonymous No.11829973]

>>11829447
It also doesn't help on the robinhood side of things that people are going in with a 4 digit and smaller accounts. The big issue is that steady gains don't feel like usable money. Let's say you have $5,000 and you can make 24% a year on average. Does $100 a month just doesn't seem cool. The idea of making $1,000 a month? Now that's some real money. You can start actually buying stuff and using it in the real world. It's a rough man. It starts becoming clear why older, more experienced option traders recommend a decent account size to start. Otherwise you have to claw/gamble your way to a big account that can supply decent cash. And to go into the world of trading, inexperienced and fighting off emotion, most people just aren't going to make it.

[Anonymous No.11830002]

>>11829812
doesn't matter, point remains the same, people have to risk their money to beat inflation and since this is a 0 sume game (on a longer time frame) most of them will lose to the rich.

[Anonymous No.11830015]

>>11826086
Oh god. I-
I CAN'T STOP REWATCHING IT.

[Anonymous No.11830023]

>>11826086
Wow this guy needs to join us for mutual support.

[Anonymous No.11830056]

800 footer

[Anonymous No.11830072]

>>11826086
theres no way hundreds of millions just disappeared and he lost them thru trading. when you deal with that kind of volume you have sell triggers to reduce dmg via losses. he exit scammed them, plain and simple and be rest assured the FBI is definitely investigating him now. most likely prison for this goy soon.

[Anonymous No.11830141]

>>11830072
not when you're handling your trades at home with a glass of wine

[Anonymous No.11830142]

our guy

[Anonymous No.11830148]

>>11828083
>be required by law to commit sudoku
agreed. if that law were on the books, these hedge funds would be a lot more careful.

too easy to gamble other people's money.

[Anonymous No.11830162]

>>11827060
it really just goes to show you that even the pros doing hundreds of millions worth of trading can even lose it all. despite how good your TA is, you can always still be wrong. we may see ourselves as market scientists but in reality, we're just clever gamblers.

[Anonymous No.11830208]

>>11830162
In reality you're all a bunch of retarded sheep drawing lines and collectively deciding that this line means the we should see and that line means we should buy. Brainlet tier shit.

[Anonymous No.11830234]

>>11830208
i know anon, thats why i said we were all just clever gamblers. also fuck u for being such an asshat.

[Anonymous No.11830242]

>>11829759
>some dude from the NASDAQ comes by and starts taking the clothes off your back and ripping copper pipes out of the walls
This should be a thing

[Anonymous No.11830260]

>>11830162
>technical analysis
might as well read horoscopes

[Anonymous No.11830290]

>>11830148
I doubt it, human nature does not work that way.

Once you're in that euphoric state, reason goes out the window. You just add more and more funds to a losing position because you can fix it, until you can't and it all blows up in your face.

[Anonymous No.11830318]

>>11827060
yeah, but he didn't do it with his own money.

[Anonymous No.11830370]

>>11827710
>You're basically 100% fucked if you aren't diversified
hah, you're writing that on a board that thinks diversification is buying shitcoins.

[Anonymous No.11830420]

Even though he was the fund manager, do the clients have to cover the extra capital lost on margin?

[Anonymous No.11830431]

>>11830420
depending on how the contract was worded, probably

[Anonymous No.11830432]

>>11830162
The real war is information analysis, first person with news wins

[Anonymous No.11830436]

>>11830002
beating inflation is fucking easy. trying to beat the index is what's zero sum.

[Anonymous No.11830486]

fuck that guy.... he gambled his clients money and lost it all............... also fuck the retards who gave him their money to gamble... fucking losers

[Anonymous No.11830518]

>>11830486
Imagine if Sergay do that
It would reach an new all time high of cope

[Anonymous No.11830537]

>>11830432
yea i should have said that instead of the TA meme bit

[Anonymous No.11830565]

>>11826086
THIS IS A FAKE VIDEO. HIS MOUTH IS GENERATED BY A.I. LOOK AT HIS MOUTH!!!

[Anonymous No.11830611]

>>11827299
its fake video. a.i. generated. look at his mouth

[Anonymous No.11830626]

>>11827470
its not. look at this bitches mouth

[Anonymous No.11830674]

Some of you are alright.

[Anonymous No.11830675]

>>11827827
Ok big guy

[Anonymous No.11830693]

>>11828208
muh Gauss

[Anonymous No.11830932]

>>11830565
Whats wrong with his mouth?

[Anonymous No.11830988]

Already debunked. It's fake.

[Anonymous No.11831168]

>>11830988
dont larp, it is on bloomberg and taleb is roasting him on his twitter

[Anonymous No.11831174]

>>11831168
sorry. I enjoy a good larp now and then.

[Anonymous No.11831262]

>>11826086
Economic crash soon, stock trader suicides sooner.

[Anonymous No.11831315]

>>11827299
Becaue its an insincere apology if he truely felt remorse hed suffer his clients anger, but he hid and ran. Hes got money stashed away fuck his clients he got paid. Hes also waiting for the inevitaboe flood of lawsuits headed his way and hoping his trusts hold up to investigation.

[Anonymous No.11831322]

>>11831174
you are forgiven, but do not repeat again - you are shitting over my board

[Anonymous No.11831534]

>>11830626
absolutely schizo

[Anonymous No.11831588]

>>11826086
If he isnt one of the big market wizard hedge fund managers, I am not really surprised.

[Anonymous No.11831630]

>>11827933
His clients are in debt too, they lost it all and more.

[Anonymous No.11831673]

>>11830932
Looks like a deepfake
https://www.youtube.com/watch?v=gLoI9hAX9dw

[Anonymous No.11831719]

>>11828083

People could literally get away with murder by market manipulation. Force someone to suck up a big enough loss and they're dead.

[Anonymous No.11831774]

>>11831673
why would you even think that?

[Anonymous No.11831813]

>>11831774
look at his mouth and tell me thats a natural mouth and lips.

[Anonymous No.11831830]

you dont lose money until you sell

[Anonymous No.11831832]

>>11829447
same exact thing happened in 2013-2014 with crypto people have short memories

[Anonymous No.11831853]

>>11831830
with naked shorts you just lose everything and then go into extreme debt if you dont sell

[Anonymous No.11831881]

>>11829447
Your initial wealth is more important than anything. A slow and steady 7-10% per year means jack shit when your starting capital is less than 6 figures. That said, there's no excuse for being a fucking moron and catching falling knives just because your poor ass is too lazy to do your own research.

[Anonymous No.11831908]

>>11831673
eh, at first I thought you could be right but the emotion at the end as well as the hand gestures indicate otherwise

[Anonymous No.11831951]

>>11831673
Im pretty sure he was just trying to stop his top lip from quivering because he was on the verge of bursting into treats the entire video. Was there even enough time to make a good deepfake since this happened?

[Anonymous No.11831993]

>>11826086
Don't try to beat SPY. You can't. If you ever do, it's just luck. Just give in.

[Anonymous No.11832000]

>>11828120
Use the way back machine

[Anonymous No.11832049]

>>11831813
I mean what do you think that would accomplish?
it's probably just a low quality camera.

[Anonymous No.11832081]

Somebody's going in a barrel.

RIP

[Anonymous No.11832204]

>>11831993

[Anonymous No.11832207]

>>11828782
For what marginal returns? this guy was interested only in big dick energy and paid the price

[Anonymous No.11832261]

>>11826533
Looks like he got BART'ed hard. The BOGs have expanded their playing field.

[Anonymous No.11832345]

Thank you for the BBQ sauce.
I owe you a cuban sandwich.

[Anonymous No.11832412]

>>11832345
And 2.3 million dollars btw

[Anonymous No.11832455]

>>11826533

How crazy do you have to be to invest 150 Million in nothing but oil options?

[Anonymous No.11832544]

>>11826086
I KEPT EVERYTHING INSIDE AND EVEN THOUGH I TRIED IT ALL FELL APART

[Anonymous No.11832586]

>>11832455
about as crazy as someone who invest their life savings in nothing buy crypto currencies.

[Anonymous No.11832599]

>>11826086
>>11826533
Guys...
He didn't just lose his client's money.
He fucking put his clients into debt.

>https://www.bloomberg.com/news/articles/2018-11-19/hedge-fund-s-accounts-liquidated-amid-energy-market-volatility
>"Moreover, he said, FCStone borrowed on margin against the accounts to cover money-losing positions. In the end, the clients didn’t just lose all their all their money, they also now owe FCStone for the loans, he said."

[Anonymous No.11832620]

>>11832412
uh, awkward. i wonder if they are going to sue him. they are obviously not getting their money back but just out of spite.

>>11832455
well it is not just about that. apparently he sold naked options that were far out of money, so they were pretty worthless and were supposed to expire worthless. but if the underlying suddenly moves against you, you are fucked. how the fuck is that a HEDGE fund if he was selling naked options and there was no fucking hedge lol how do you even get approved to sell or buy naked.

[Anonymous No.11832633]

>>11832455

I never understood why people did that.

[Anonymous No.11832639]

>>11831881

This x100.

This realization is specially sobering to me considering that I live in a southern yuropean country where this initial accumulation is slow due to the low wages.

[Anonymous No.11832646]

>>11832599
but think about how rich the people are at the other end of that bet. there's probably some other fund manager out there being celebrated as a genius.

[Anonymous No.11832656]

>>11832586
but i am assuming the crypto sheep are retarded 4chan neets losing they lunch money. but here we are talking about rich and presumably smart people??

[Anonymous No.11832666]

>>11832646
I had that thought too...that if he pulled it off that they'd all be cheering for him.
It was a ridiculous risk but success wipes away criticism like that

[Anonymous No.11832678]

>>11826086
WAT DA FUG REEE DURBO JUSD

[Anonymous No.11832685]

>>11832599
JUST

[Anonymous No.11832687]

>>11832666

[Anonymous No.11832743]

Remember this:
https://en.wikipedia.org/wiki/2012_JPMorgan_Chase_trading_loss

He lost 2 BILLION. Of course that was not his money so that was all cool and quickly forgotten.

[Anonymous No.11832789]

>>11826086
So what actually caused this? By a quick google there was a volatile change in oil and gas prices. Apparently he also borrowed loans against the fund to cover the money losses, so now his clients actually owe money

[Anonymous No.11832877]

>>11832599
holy fucking kek

[Anonymous No.11832894]

>>11826086
Kind of sad to watch this. You can see how he's trying to give a bland professional speech, but he's actually ready to burst out in tears. I'm going to have to remember this next time I think about making a risky trade.

[Anonymous No.11832997]

>>11829191
Based Shkreli

[Anonymous No.11833037]

>>11828120
>I wonder what this is all about then.
psychology aimed at people getting away from hedge funds

[Anonymous No.11833040]

>>11826086
THIS JUST KEEPS GETTING BETTER AND BETTER
HE CO-AUTHORED A BOOK ON OPTIONS SELLING!

HAHAHAHAAAAAAAAAAAAAAAAAAA
I CAN'T
I CAN'T BREATHE

[Anonymous No.11833059]

>>11832599
ultra-chink-tier move.

[Anonymous No.11833080]

>>11833040
https://www.amazon.com/Complete-Guide-Option-Selling/dp/0071442081

YOU TOO CAN LEARN HOW TO BUY HIGH & SELL LOW /BIZ/!
BAHAHAHAHAHAHAHAHAHAHAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAHAHAHAHAHA

[Anonymous No.11833095]

Rogue wave

[Anonymous No.11833100]

>>11826086
It would have been fitting for him to pull a revolver out of the desk and end it all

[Anonymous No.11833169]

>>11828269
>be surprised when it happens

[Anonymous No.11833244]

>>11827060
i wouldn't have thought it possible, but /biz/ has been out JUST'd

[Anonymous No.11833264]

>>11826086
Thank God I'm white. Otherwise the marvelous world of business would scare me shitless like those subhumans who actually let their funds be managed by someone else. :).

[Anonymous No.11833272]

>>11833040
look at the grin of these clueless sociopaths. With this story I finally woke up to the reality how sillly it is for me to continue behaving like self concious shy virgin. Confident appearance is just an illusion. I no longer need to expend energy to hide social anxiety and fake my confidence. I just do not need to care about that. It is just smoke in the mirror. How truly a liberating feeling

[Anonymous No.11833292]

>>11833272
Very empowering anon

[Anonymous No.11833297]

>>11828010
>This world runs on perceptions and not merit.
I wish I could argue with you on this point but I would lose. Because you're right.

[Anonymous No.11833316]

Well for reals though the why his mouth shuts when he's done talking after every few words definitely looks sketchy.

[Anonymous No.11833331]

>>11828747
One wrong doesn't make a right, both the "professionals" and the people trusting them are in the wrong.

[Anonymous No.11833348]

>>11827060

[Anonymous No.11833353]

>>11833316
Trying to be dramatic to seem apologetic.

[Anonymous No.11833377]

>Moreover, he said, FCStone borrowed on margin against the accounts to cover money-losing positions. In the end, the clients didn’t just lose all their all their money, they also now owe FCStone for the loans, he said.

JUST

[Anonymous No.11833384]

>>11827296

[Anonymous No.11833414]

>>11826086
>>11827296
SHIT missed his watch

[Anonymous No.11833597]

Imagine getting that email warning you to pay your debit after they gambled all your money away

[Anonymous No.11833673]

>>11827827
>putting all your savings/investment money into the hands of one hedge fund
you'd have to be a retard if you went all in on a hedge fund

[Anonymous No.11833692]

Apparently natural gas has had multiple similar movements in the past so it wasn't even a "black swan" event or whatever he just MCFUCKED up

[Anonymous No.11833717]

>>11827827
>If my life was destroyed, I would literally find you and torture and kill you
>my decision to accept the risk is now your fault
kek I didn't even read this before. I'll give you a pro tip faggot, if you have this mentality then you're never going to make it. You need to learn to differentiate between when you create your own problems through accepting risks versus when someone else ACTUALLY screws you over.

[Anonymous No.11833756]

>>11828104
It's called peripheral processing. I learned about this in university. I suggest you read up on what peripheral processing is versus the central route of processing. Then learn how to take advantage of it.
Most people use peripheral processing when they aren't really invested in a topic or have low ability to understand how it works. It's a short cut in the mind so to speak. Very sad.

[Anonymous No.11833771]

>>11833597
the level of JUST

[Anonymous No.11833881]

>>11829792
anyone bullish on black cock?

[Anonymous No.11833914]

>>11826086

What a raw deal.

[Anonymous No.11833955]

The fact they owe more money is the icing on the cake. I didn't know JUSTing could reach this level.

[Anonymous No.11833969]

>>11833955

Margin trading + leverage + selling options = recipe for serious Justing.

[Anonymous No.11834061]

>>11827570
he's a neet now.
A helpless fucked up neet.

[Anonymous No.11834129]

>>11833272
Very much congratulations

[Anonymous No.11834340]

[Anonymous No.11834459]

>>11828147

[Anonymous No.11834619]

>>11826086
Jesus Christ