How A Trader Lost $20 BILLION in 2 DAYS

[@MikeSerTrader]

Hope you guys enjoyed the video! Please feel free to comment on your biggest loss ever and what you could've done better. For me, it was trying to remove the emotions from trading and determine your max loss before you trade.

[@nasinscuts]

I lost $110.90 last week

[@MikeSerTrader]

What did you think you did wrong?

[@c4un544n5]

No more music plz

[@joshualow3609]

I lost RM3000 within 2 days, about 20 years ago, after extracting myself out of the Crazy World corporate world of Operations and Company turnaround, the latter as GM (General Manager), of 4 factories with total Turnover RM23 Million, helped one factory make RM500,000 within first 2 months of taking charge. I am the 8th GM hired, the one GM who finally Turnaround P/L of the factory, while the other 7 GM's failed and got sacked in rapid succession.

[@joeGuizan]

Supreme ego. Supreme pride. Supreme greed. Supreme loss.

[@2020nallano]

Leverage is a double-edged sword.

[@tradewithhamza]

I al sharing my experience as a beginner trader and I have to admit that it is totally a different journey I expected, very hard but finally I see green! after 8 months of red

[@MikeSerTrader]

Trading is not easy. You just have to keep improving everyday. It took me 3 years to find any consistency.

[@6figuregeneration574]

I'm here to learn thanks great content 👌🏽

[@stephenabala1830]

I felt bad losing 5$ but now i feel great

[@valentin19998]

23 and lost $60000 so far. Crazy to see other people loosing life changing amounts. No matter how much money you have, it will always transfer it to other people who value it more.

[@johnlee9124]

Thank you for sharing, it's a reminder that I can be in your situation too.

[@valentin19998]

@@johnlee9124 Don´t let greed overtake your trading success. Take risk management seriously.

[@sabugojorick6044]

Si-sir ur 23 and u had that much money?? I’m sorry I’m just curious cause I’m 21, came from poor, and planning to trade forex, but I need to study the markets first.

[@valentin19998]

@@sabugojorick6044 I'm a entrepreneur and also invested in the crypto markets since 2017. I leveraged traded here and there last year, so 60k is actually not that hard to get. The hard part is keeping it and making more, because you need to always take risks and these should not be too crazy or your money is gone.

[@ichigokurosaki7762]

@@valentin19998 oh so you didn't lose 60k in that year instead you lost 60k in one trade?

[@digitalstories2179]

When i trade everyday i have my target win. If i got that money i call it a day and trade again tomorrow. Trading humble us sometimes, not to be greedy and contented. Tgats what i learned in trading

[@jakecrawford2367]

love your channel and content thank you!!!

[@sellercapital]

I am sure 100% of people watching this video gets a cool mind while hearing these massive loss

[@bhp000]

And the CFTC worried about retail traders when the professionals messing up like that. That’s just crazy. Smh

[@gifttando4199]

Thank you for the ebook

[@joshualow3609]

Very Educational posting. Thx a lot Mike Ser ! You are doing good by your selfless sharing. Btw are u on Twitter?

[@MikeSerTrader]

Thanks. Look in the video description for my Twitter.

[@molai6160]

Over leveraging on concentrated positions .

[@hoffadash4132]

It's very stupid if this really happened. As a new trader and going live for the very first time on £200 account, i lost £48 in a week and realised i havemore learning to do. So how the fuck would someone lose $20bn????

[@blackcatvibing]

The end of a any money slave is never good

[@MikeSerTrader]

Please be aware of scammers who are pretending to be me. I will never solicit anything from my subscribers or give out my contact info.

[@blackcatvibing]

@@MikeSerTrader for sure bro I'm too smart for that 😂

[@unapologeticcook7168]

Yolo trade. You can only lose 1x of your capital but 100x on the way UP

[@jonnyfranco7]

At @6:09 is where he messed up, he had no business in media companies. He stepped out of his circle of competence. Once you step out of your area of expertise you are now exposed to a spike in unknown unknowns. By 10x, so his risk of ruin spiked but he didn't know because of the story of media companies being treated like tech companies. But media companies are heavy mammoths riddled with inherent debt. They are run by people who have no skin in the game, they are run by people who know how to hide risk or redistribute it. Tech companies were his edge because he shared the same idealogy as the founders.

[@___OmerAJ___]

leverage is dangerous.

[@rayborn11]

Was the viacomCBS "Stock sale" the same as a stock split or reverse split?

[@MikeSerTrader]

They were issuing more stock which would dilute existing shareholders. Stock split is actually positive bc it would split the share price but would issue more shares. Reverse split is to remove shares in order move the share price higher. Hope this makes sense.

[@sirsweet3022]

Doesn't feel so bad blowing up my $500 account.

[@thegamechanger7157]

It depends, the more activity the best it goes, exciting..

[@thegamechanger7157]

There are risk, This thing depends on the system.jus go for couple thousand and don't over do it. Even Me, I don't want to do anything on shorting, this pure base on human behavior

[@umair146]

Thank you very much

[@sandipmagar9993]

yeah

[@anhnguyenhong8770]

Alien groups: now you need to know this story. A trader in New York lost 20 billion USD in 2 days only.

[@quangpham6093]

Mission failed, we’ll get it next time

[@LuizFrodo]

He did not understand the joke

[@smetljesm2276]

Interesting how in actuality he was just like you and me trading Forex nothing fancy just desentitised to fear of big money. Only fancy names and financial language sepprates his strategy vs every forex trader

[@janmeijer9774]

Big up, big down, big confusion

[@lukeabrahamlincoln9810]

poor bill hwang i heard about him earlier this year,it was even on bloomberg news

[@vicchris3943]

He was doing the same as Warren Buffett at early years, but didn't ends well

[@gsweetz7230]

What was he thinking?? That's! workdone = zero 🤦‍♂️🤦‍♂️

[@sharulsarif]

I have used laverage and loose 25thousand my self. Cant imagine 20billion.

[@MikeSerTrader]

For him it was never about the money. That's why he gambled it all away.

[@sanketsawant7475]

Bill Should have bought put options to hedge

[@MikeSerTrader]

He bought s&p put options as some form of a hedge

[@erikperik1000]

This smells like a hit job from the ones in the know. The trader had a very vulnerable bet. A bet I wouldn't make with that amount

[@alsonluhlanga3563]

How big was his leverage.. How much did Mr hwang wager on this particular trade 🙆‍♂️🙏

[@MikeSerTrader]

Up to 20x

[@poundtrader1414]

i lose $20 for 2hrs i'm going crazy

[@godnezha1870]

Lost my 1 dollars feel like I'm dying

[@yashpalgowda4274]

Once again nyc video Sir plz make a video Unknow market wizard Diljith dalwal, Can a TA With Fundamentls Can outperform The Vol Traders, plz make a video about volatility tradrrs also

[@MikeSerTrader]

Sure I'll look into him. Thx for your suggestion.

[@godnezha1870]

That's what Warren buffet talking about don't invest in technology because holds no value. You can't eat it. 😂😂😂

[@kpn5000]

please turn off the distracting background music, thanks.

[@default2591]

Did this guy even realize that how easy he would hit liquidity ceiling with that amount of capital?

[@MikeSerTrader]

If you look back at the daily volumes of the stocks he was getting the prime brokers to buy for him, you will notice huge volumes so liquidity wasn't an issue. But prices were being driven higher by his buying and others noticing the imbalance.

[@kiklocus4660]

@@MikeSerTrader so basically he is moving the markets?

[@MikeSerTrader]

Yes watch my video on the 10 Steps to making billions. It's a parody of his trading style but that is exactly what he was doing

[@kiklocus4660]

thanks mike

[@c4un544n5]

What's with the music?...

[@fuadahmad874]

You are using Steve Cohen's images in your introduction. SAC was fined heavily for insider trading and Cohen himself is now somewhat disgraced! Not an example to follow, surely?

[@MikeSerTrader]

I dont disagree. He is a white collar crook but we can all still learn from his legal trading ways.

[@welebasimon7647]

But we all experience that ego

[@thehardertheyfall3764]

I lost $15K in14 months trading forex n feel like quiting

[@MikeSerTrader]

Sry to hear. If u think trading is your passion then get back to trading a demo acct. Test your strategies to see if u are consistent. Track your performance then open a small acct and start small. Build back your capital and confidence.

[@thehardertheyfall3764]

@@MikeSerTrader Thanks... I dont see the benefit of trading demo coz trading is 90% psychological

[@dy8072]

If you quit your job and trade full time, stop. Get a job and trade slowly on the side without rushing and pressuring yourself into taking trades. You will see the difference.

[@joymuxanga5403]

Bill will bounce back, these people are financial scientists. His probably busy building another fund.

[@MikeSerTrader]

Agreed!

[@foochs]

He was just sentenced to 18 years in prison.

[@catandhen3009]

This man make 23millian 3days

[@sharifrahim4837]

5% is not max laverage, here i use 100x and still think its less

[@MikeSerTrader]

If he used 100x leverage, he could buy the entire market

[@valentin19998]

How tf are you supposed to get 100x with these amounts? He isn´t trading with a $500 account

[@sharifrahim4837]

@@valentin19998 if they want they can do, all depands how much they can gamble, there are guys who do 20x or even 25x with millions, not big deal if you have seen one

[@valentin19998]

@@sharifrahim4837 Yea but not 100x with billions

[@mdshahidulislam4691]

that all are mine

[@tigerlee9613]

I lost $120,000 😞. Money comes and go. Seriously guys, enjoy life. If you lose everything and can still be happy, you've found the secret to life.

[@MikeSerTrader]

Sry to hear! Yes don't let money affect your outlook on life. You can always make money.

[@TheeAnonymousTrader]

What

[@Had736]

Coz he put all of his eggs in one basket

[@uotamickey4970]

Korean trick star.

[@youdonthaveaball7456]

Try to short bitcoin And him balance will be cent in the ban account