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We are almost at the point when we need to start reminding people about the folk who made life changing money in 2017 and didn’t cash out anything. Here is a guy from my country – a journalist on normal wages. At one point he was up to like $7M, with $14M borrowed.

We are almost at the point when we need to start reminding people about the folk who made life changing money in 2017 and didn’t cash out anything. Here is a guy from my country – a journalist on normal wages. At one point he was up to like $7M, with $14M borrowed.



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7 Comments

  1. Soooo hes down $7M? WTF did he invest in to lose 50%?

    [Edit] Ooooh should have read the article before I asked… shouldnt have traded… move along … nothing to see here.

  2. So what’s up with him now? Tried googling, no recent search results.

    ​

    And yes, the lessons are there:

    – don’t do futures/leverage, but if you do,

    – take some profits,

    – don’t invest it all,

    – understand that there are bull and bear cycles.

    ​

    This guy made all the wrong moves. And did good. Then made all the wrong moves again, and did not do so good. At the end of the article, he say he will continue to do all the same moves.

  3. Also – the worst bit is that the guy keep on going into the bear market – note this final comment:

    ” If in the end 2018 ends up being like 2017, I’ll have made back my $10 million by mid-year. “

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