Kind of sparse on saucy details (as it should be given public info). Though one might guess that he is one of many that either ignored tail risk all the way resulting in an eventual spectacular blow up, or lost his edge and failed to reduce leverage/size and then burned through his capital in short order.
Man, that's even worse aging than initially. If he was 40 in 2020 at the time of court filing and 25 in 2015, it means he aged at a ratio of 3:1... wtf is going on? hahaha
“There are old traders and there are bold traders, but there are very few old, bold traders.” - Ed Seykota
I genuinely LOL. But like every daytrader, I've been in similar situations though maybe not as bad as that one. It can happen to anyone. Check DATS this past week. Million+ shares moving price up/down 50c+ at various times. Holding for too long in the wrong direction with size can be disastrous for some people.
%% Sounds like he went bankrupt\if that second link is correct?? NOT all addictions are bad, even though in your 1st, 2nd sentences\he should have cut back. Its not really clear from 2 articles, all the straws that broke the camels back so to speak. Horse sense is what keeps a horse from betting on a track meet/LOL, And'' being proved right'' sounds like an oversize ego that wantsbe right + oops, forgot its about profits. I almost lost my biggest farm, seemed like leverage was ok; but good thing , had a bank that was wise + reasonable............................................................................................
Yes accurate journalism at its finest. Thank God for the bankruptcy court that does not respect privacy otherwise we would never know his true age.