I think this deserves its own thread because if true it’s what many on Elite have been predicting for months. Trading the size on such a crazy pump is beyond reason. Hate seeing people lose big money. https://madazmoney.com/singletrade/madazmoney/2020-10-09
His comment: "Just a small set back. $VVPR Manipulators you win this time. Haters, enjoy this one, see you when I make it all back and several million more on top of it. " That's the spirit.
VVPR bit like a coral snake after hitting $24 the float in full cane out. I would like to know how large his position was because I was trading 5,000 shares and that was hectic enough with a good entry and scaled up each point.
That's what you call completely asinine. Losing $1M dollars on a piece of shit hyped up stock that is worthless. Looks like he got double penetrated on both the long side and the short side. Sucks to be him today.
A number of traders betting big hoping to get win big and take the casino. Casinos will win 95% of the time. Don Johnson, Diary of a Vegas Whale is an interesting tale of how a guy took 3 Atlantic City casinos for $9.5 million. However, that is the exception, and not the rule. This is perfect case of lack of risk management. One day, Trader Steve would bet most of his monies all on one trade and blow up for good. Newbie traders aspiring to be overnight millionaires, pay heed.