Over the span of a few hours one day in April 2020, a guy called Cuddles and eight of his pals from the freewheeling world of London’s commodities markets rode oil’s crash to a $660 million profit. Now regulators are scrutinizing their once-in-a-lifetime trade.
Read more about the story in Bloomberg Businessweek:
#Oil #Storylines #BloombergQuicktake
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anyone recognise any of the traders in the Lloyds Bank scene?
They were trading options
April 2020 was the ultimate proof of the Coastline Paradox. When the 'measuring stick' of liquidity broke, the distribution went negative. It proves that risk isn't about the future—it's about how clearly you can see the present liquidity gap.
Im going to do something like this
I dont believe for a second that these guys were crooked. They were a tiny team against all losing financial institutions .. and the commodity was oil during covid… no way did they have an inside line to insider information…
What a rubbish video. And it’s by Bloomberg. Disappointing.
how does a 22nd year-old have the liquidity to place such a trade???
There was no wrong what they did
I made my best ever trade that day too… but only in the thousands of dollars in profit. Sold crude at $54 and bought at $28. Never imagined it would go lower. Thought it was going to cause systemic issues. But the sun still came up the next day.
My trading platform would only allow 200% leverage, it is always stressful trading with 200% leverage. Also, stops would self-cancel so it was risky letting it trade over the weekend. I don’t trade anymore. But for traders, just remember that you don’t have to trade every day. Only once every few months, or even years will do it.
одним промокодом и сразу баланс подняли до небес🎉
Very useful
O boy
wallstreet get upset when they loose !!!
TWO CONCLUSIONS: (1) THE TREND IS YOUR FRIEND!!! (2) THE LITTLE GUY CAN WIN AT TRADING IF HE DOES HIS HOMEWORK AND HAS AN APPETITE FOR REAL RISK.
Why were there so many early middlemen commits? China needs to figure out how their brokerage houses hired people to place the calls & puts on the oil markets to begin with, & why this brokerage conspiracy was fighting to keep the market bottomed to buy devalued oil contracts at the key 🔑 time.
Can’t even imagine the feeling of sitting on all those options, knowing you’re going to clean up as the price has already dropped precipitously, then seeing it go negative….you’re literally getting paid to take a future you can then flip for a locked in positive price. Getting paid on both sides. An incredible wrinkle that couldn’t exist in the stock market for example
Sigue suponiendo que vives ahí y no MUEVES el deseo de la respiración hipócrita policíal
My question is how much they started off with to turn into $700 million
I wish I would be part of that group
the speed of your explanations kept my attention every second
love the focus on long-term success
лучший окуп это хорошее настроение от процесса
How can any futures price fall below zero ? That is not technically possible.
Epic story.
Feel a bit annoyed by the reporters really. They seems to really dislike the fact that some 2x years old making more money than them.
a música de fundo deu aquele toque dramático que fez o coração disparar ainda mais.
mycsgo промокод реально работает чтоле
I’ve invested significant time into studying the markets, but the recent crypto downturn was challenging. I’m now looking for educators who teach from real-time trading experience rather than purely theoretical or retrospective analysis.
❤
Пользуюсь уже 6 связкой от данный аккаун сана, сделал суммарно более 33 тысяч долларов, через мерно благодарен вам.
clean chart setup without all the noise
One of the guys interviewed in this video is Cuddles
So basically avg joes can’t make a lot of money without being accused of fraud is what I got from this ….
Essex Boys
two indicators + hammer = recipe for tendies
The negative price was for a specific futures contract requiring physical delivery of oil into storage. Storage capacity became exhausted at this point in time. Traders with contracts panicked (how could they take delivery?) and desperately paid others to take this obligation off their hands.
Là sao tôi thấy có gì đó sai sai ở đây
100 Million a day was insane!!!. How can we break through the matrix.
This is going to inspire so many day traders to lose their savings.
Has anyone analyzed how they knew that at 2:00PM on that day the price would be negative?
6:23 Not just a gambling contract futures have a real purpose for producers and seller. Wow!!! lol
8 hours of prep for 30 seconds of execution hits different
средний уровень как старый друг всегда помогает
режим отбиться буквально сливал мои мозги последний месяц