high leverage ---> not a high risk if the mind is centered high negative emotion / high greed level ---> high risk!! low leverage ---> also high risk if the mind is off centered!
Well, apparently he used a little trickery, by using different brokers so not one broker knew his full size. I am not sure if this is some kind of financial criminal offense or not, but he used more than he would have been allowed by just one broker.
I think there may be a massive echo from this... So many markets that I watch are maintenance trading right now. I sort of envision massive funds with their hands on the sell buttons as they wait for their prime brokers to tell them to deleverage. I envision the prime brokers trying to find ways to remove some of their exposure without causing a downward spiral. A few currencies (unwinds perhaps) and the index stock futures are the only things that may be an exception. Of course... I could be wrong and maybe this is options and pre earnings season related... But... when this quiet period breaks... it should be fun.
Can you declare bankruptcy against IRS and some governments?? I guess for the folks who can't pay IRS, they serve jail time?
Probably not. He is allowed to keep his positions confidential. He delivered the margin banks originally demanded. It's banks' faults.