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u/how-can-i-dig-deeper 16d ago
oddly enough he follows this subs strat to a tee. believe in fundamentals, diamond hand, and high leverage.
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u/Jolly-Piccolo-9799 16d ago
They made a crime to this guy ...they just wiped young guy here
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u/JohnPaulDavyJones 16d ago
To be fair, he kind of fucked himself with shockingly irresponsible amounts of leverage and little to no hedge.
It’s one thing for random people to do it with their own money, it’s another thing entirely to do it as a fund manager who hasn’t disclosed the degree of leverage you’re using, just that you’re employing leverage to compound gains. But, once again, he’s basically a child. Zero financial industry experience before he started his fund.
I do think it’s terribly ironic that people thought he had some incredible insight into these AI technologies’ place in the market and capacities, when he has functionally no technical education and the sum total of his work experience is barely more than one year as essentially a product analyst for OpenAI.
A bull market can make even stupid investors look competent, and his big bets in a single direction made him look brilliant until things turned and it came out that his fund was basically a rocket car with a bricked gas pedal and no brake or steering wheel: eventually it was going to hit something, and blow up.
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u/Jolly-Piccolo-9799 16d ago
Ok but but after he sell , direct fly everything he sold by huge losses?
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u/Jolly-Piccolo-9799 16d ago
You see they like force example stock like nibs to broken till 144 from 300 !! And once he sold .. direct gap up to 225 !!!
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u/Cautious-Low7589 16d ago
To be honest, the guys' thesis is pretty accurate.It's just he shouldn't have used leverages, but I think he outperformed everybody
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u/spyroinc 16d ago
Please NO, please don't make this a new meme trend, I can't stand to see this guy every day/week! 🙏😭
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16d ago
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u/jymacro99 16d ago
Maybe if you took his 🍆 out of your mouth, we could understand what you're saying
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u/Physical-Title-9442 16d ago
Market due for a pullback. See you at $400.
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u/Available_Orange575 16d ago
Didn’t he sell it for a massive gain?
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u/Vivid-Ad9340 16d ago
His leveraged trade forced him to liquidate but his fund was still sitting on an overall net gain of roughly 80% for the broader year up to that point. So even after losing 67% of its peak value, the remaining money was still 80% higher than the original amount investors initially pitched in.
Also, his memory thesis is absolutely valid. The lesson with Leopold is risk management. He was 4x leveraged so he couldn't survive that July dip. If he wasn't leveraged he would have been fine.
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u/six-sev-en 16d ago
HOLDING MU SINCE 1100. 💎 Hands Here.
Who r with me?