The Day Oil Went Negative, These Unlikely Traders Made $660M
ฝัง
- เผยแพร่เมื่อ 14 พ.ค. 2024
- 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: www.bloomberg.com/news/featur...
#Oil #Storylines #BloombergQuicktake
--------
Like this video? Subscribe: th-cam.com/users/Bloomberg?sub_...
Become a Quicktake Member for exclusive perks: th-cam.com/users/bloombergjoin
QuickTake Originals is Bloomberg's official premium video channel. We bring you insights and analysis from business, science, and technology experts who are shaping our future. We’re home to Hello World, Giant Leap, Storylines, and the series powering CityLab, Bloomberg Businessweek, Bloomberg Green, and much more.
Subscribe for business news, but not as you've known it: exclusive interviews, fascinating profiles, data-driven analysis, and the latest in tech innovation from around the world.
Visit our partner channel QuickTake News for breaking global news and insight in an instant.
The big firms do this the whole time. It's nice seeing the small guys win
Yah i did this for my company, made just under 20M CAD in 3 months
@@soccerplayer2277 agree but still fishy that they had the most volume by far selling by end of day
@@AugustaChile I think the speed is what is suspicious, but the overall concept is not, too many firms were over-extended in oil, selling power far exceeded buying power. You need to look at it from a liquidity standpoint and this is also where manipulation can come into play. If no one wanted to buy oil futures then well it's going to go negative because a whole lot of people wanted to sell. When I discussed the play my boss and I organized we were incredibly concerned about delivery and not being able to liquidate our long position. Hence why we didn't make a whole lot of money and it took a lot more time for us.
You had to explain this to your boss? Lol
@@nelsonreyes7157 bro this man made 20 million and you're worried about what he discusses with his boss?????
Anytime a small group of traders who make it big, theres always an investigation. But when wallstreet or the city do it, its never a problem. Its completely crooked.
It's not that surprising. When big firms do it there's a lot of people behind it. When a few people make it big they won a game against big firms despite much lower manpower which raises the suspicion if everything was going right
@@saif__ wallstreet does not trade oil they will never stomach the regular losses
That's not true in '08 after the world economy was almost destroyed there was an investigation. Apparently it was all the fault of school teachers. (ok I am ripping off the big short here)
bro imagine the brokers 😭 😂
At the end of the day big trading firms and hedge funds give the SEC and congress people their paychecks.
Some people can't stomach the fact that a 22 year old made more than they'll ever make in their life time
You’re sheep if you think this actually happened.
@@Editnamehere what? You can literally check the records. It happened.
@@FabR27 records? Yeah okay. That’s why it wasn’t shown in the video talking about the trade. Sheep.
@@FabR27 did you know Santa Claus is real? Yeah look it up.
@@Editnamehere Ironic that you're the actual sheep. Probably believe youtube videos made in some guys basement.
This story sounds to me like a team of mad lads being absolute legends
@Donky kon you sound a little bitter lol
Hahaha I love this description 😆🤣
waiting for the Guy Richie film about it
Absolute squad m8
That money has to come from somewhere. And the more people there are with orders of magnitude more money than you, the more it drives up prices of everything for you and me.
"led by a guy named 'cuddles'"
the future is now
"futures" is now!
so american. he's called when in britian.
In the US, led by a guy called Roaring Kitty!
@@omardelmar really?
Cuddles!👌🤯😂😍
*Hey Bloomberg, you should give your sound engineer a raise.*
They’re doing a great job.
The author of the above comment is the sound engineer 😹
I went through the video because of your comment and the sound stage is actually surprisingly complete. For sure made the video that much more enjoyable. Didn't even notice it - I suppose that's what it's all about. To immerse you without you noticing it.
@@simplysimple4794 For sure. I’m a musician so maybe I’m subconsciously attuned to it.
Whoever mixed the audio did a great job, TH-cam playback is in stereo but the audio almost feels like 5.1 surround.
She is doing a great job!
@@business that sounds like a deserving raise coming!
100M in a day at age 22 is insane 🤯
I hope he doesn't lose it all in a single trade or single bet.
@@stefamarz I bet he dosn't even trade anymore and if he did it would be with very small money, guarantee he dosn't day trade anymore probs just long term investments, I bet he stays as far away from futures as he can lol I know I would after making that amount
@@upinsmokelol5759 the story of Jesse Livermore proves otherwise. Greed and ego gets the better of people
@@stefamarz Man I doubt he would ever run out of that much of money by simply gambling and betting, unless he goes all in on something, but otherwise doubt it.
@@upinsmokelol5759you would hope lol but killing that hard in one go it’s like a serial killer, they always thirst to repeat the thrill. Plus it’s a skill and knowledge that took them time to develop and achieve this status, so it’s also like Michael Jordan, they keep coming back from retirement to the game they know and love so well
I was short on this with next to no trading experience closed right as it approached 0 because I had no idea what 0 would mean. Still $500 into 30k was not a bad day what a time to be alive.
What platform did you use to short it?
@@Tigarichie Ninjatrader and Tradovate are the two most will know futures trading platforms.
Fair play to you
HOLY COW
Cap
Considering the big players playing dirty in the market for years with nothing more than a cursory slap on the wrist, and a group of misfits taking them out, one, only 22 years old, somehow, it seems like fair play.
If you think they did this without any insider info or connections, think again.
@@Deloowix if we think about it , these big guys might also do insider trading and they are just forgiven but if someone else makes a buck they should be given a chance
@@prateek4279 what I meant is that these 22 year olds are probably buying on behalf of someone else. You wouldn’t want to put your name up there if you were doing something shady right? I’ll ask for permission to use the names of my son, niece or a relative instead.
And those money that they took has probably been converted to cryptocurrency, which likely making them many times richer in the future. Cheers to the young boys ;)
@@Deloowix That can be shady but they did this by themselves then they should not be pestered
These mad lads are mental, what absolute legends.
I really hope they get to keep their money, they're set for life!
They are legends!
Oi Oi!
@@dario8433 Some of them will definitely risk most of it to get more
Total Essex lads love it tbh
Small guy gets the win and all of a sudden they are super mad. Big firm makes this same trade and they are congratulated
Bc normally the small guys dont have money like that to gamble with....where a hedge fund can just write it off on taxes if they lose
They were taking a huge risk because the opposite could have happened. Their risk - their money. Well played
Exactly! Best believe if those Chinese traders had came out on top… they wouldn’t have batted an eye
@@MrBLAA chinese traders and "batted". I see what you did here .🤭🤭🤭
Also the people who lost money took a big risk as well. It takes a willing seller for the buyer to make a buy. The one under investigation should have been the manager of those investment funds, did they tell people about the risk of this type of investment? Why did they incur in such a risky trade if they were gambling with people's life savings. And what are they saying about oil producing countries losing money? What about oil consuming countries saving money?
How did the 20 year olds have enough money to make such big trades in the first place though?
@@jewellui it's leverage son
Not all the money went to the bad guys: I made ~10€
Before fees and tax of course.
My man! How'd you spend your money? :D
@@SanfanCSGO thanks for asking: Fast cars, gambling, women and drinking. The rest, tbh, I just yolo'ed away. You feel me?!
@@defwishfx4400No, you sound like you need to reexamine your life.
@@johnlocke1977 sounds like you don't get the joke lol
@@lordperezident i think he got it and carried on with it
Seems like source material for a movie. Perhaps a real life “Margin Call” drama level story.
Do you think Margin Call wasn’t based on a real world events?
@@the3idiots14 lehman bros...
Movie title "Oil is now"
@@rambo3870 Yes I’m well aware.
@@rambo3870 That was the point of my comment. Much more than Lehman too.
The Market have been suffering over the past month, with all the three indexes recording losses in recent weeks. My $400,000 portfolio is down by approximately 20%, any recommendations to scale up my returns before retirement will be highly appreciated.
It comes down to technique; a downtrend gives you room to focus on the market and grow significantly in the short or long term. While it is easier to make money when the market is rising, a downtrend can still yield high returns if you have the necessary knowledge and skills. For this reason, I have been scaling up during this difficult period by working with an investment advisor; this has been the only way I have raised up to $150K in the last six months.
@@LarryE.Zamora One of the fiduciaries I deal with is Alicia Ann Jordan. Just check the name. There would be a letter with the necessary information to set up an appointment.
Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
Don't take advice from random people on the internet and play it safe. Don't lose your retirement
100Ms in a day at age 22 I have to salute that guy man, even 10 million is a lifetime goal and he made 100 in a single afternoon 😂
Sensing a fair bit of saltiness, but remains to be seen what comes of this. This is definitely going to be made into a Finance movie like the Big Short
no it wont
I was an active Day Trader when this event happened a few years ago and I was watching the price of oil go negative LIVE in real time and I could NOT believe it! I had all types of thoughts in my head. Will the price of gas drop to .50 cents or less? Will this wreck other economies? The thing I was thinking most was, I KNOW oil is gonna bounce back real soon so where can I buy it and hold for the run up! It was very confusing. It just KEPT dropping: - 1.58 ! -3.75 ! -9.15! -20.34! I never got in because I couldn't see a bottom in sight! Just like I thought oil came back and made an EPIC bounce! 🤔
Save yourself the 14 min view here’s a summary in one sentence: 9 friends out of essex made 660 million in 1 trading day, and 2 bloomberg journalist don’t know whats going to happen next.
Thanks for💹
Watching::::Tell Harry referred you to him
W::h::a::t::s::A::p::p:::):::):::+1..6..4..7..4..9..4..0..9..5..6.........
Pretty much
Making too much money in the market as a normal person is considered a sin These 9 guys walk away theyll be remembered Is not just legends but just like Michael Berry The ones who predicted something no one could see.
They should sell their assets & buy bitcoin, then hold it on very secure storage so that the government cant steal it.
@@levelup1279 I severely doubt there gonna do that it's not like they did anything wrong all they did was make a lot of money like Michael Berry and received a shitload of hate Like Michael Berry But if I were in their situation I wouldn't care it's not like I did anything. wrong.
Stop saying Berry
@@tomr6955 Michael Berry
@@zachreed9836 it is Michael burry
This is a great story. As a day trader, this is what you aim for. Every day you take much (much) smaller sums and you wait for the big one. Very well done to them.
Yeah and about 70 % of day traders got no profits at all
@@tomlxyz no, it's way worse; 99% fail
@@mvl3379 "Failing" and quitting before learning how to be profitable are 2 different things. Most people who attempt intraday trading do not fail, they quit.
@@mvl3379 That study is pretty outdated, most "day traders" attempt for 6-12 months at most without any idea risk management, and usually copy trading guru's without back-testing strategies. It's not crazy difficult to code a strategy and test it w/python, or learn pine editor on Trading view. A lot of people won't be successful at trading, because most people don't actually put in the time. Rather they waste time watching TH-cam guru's, and not following strategies surgically, without any emotion.
@@TubeBrowser2 is that what you say about people who leave the casino before they learn how to win?
At 22 the risks are minimal. You either succeed and become set for life, or you fail and declare bankruptcy. It's easily recoverable at that age with no assets.
Limited liabilities. You are antifragile. Convex gains
you have to have capital to trade. they had real money at risk. it wasn't all borrowed.
@@lakeguy65616 how much they had to make 660 millions
Man I wish I could have seen the room and their reactions when they realized what they had done. Must have been absolutely insane.
22 years old making 100 million in a day has got to be the greatest trade ever
Proud of you boys !
Being a trader myself, you guys had the balls to be in the trade. Congratulations!
A lot of the talk about this is "How could they have known it would go negative?" - to which the obvious answer would seem to be that they probably didn't... they just expected it to drop, and got lucky that it dropped far more than they expected. Of course, that doesn't preclude funny business - but it's entirely possible for someone to make a bet and then be surprised that it went more their way than they expected
If they lost 600 mil they would not be under investigation. What a joke. Well done to the lads
It’s interesting how if you’re too successful at trading and not an investment bank, the government seeks to take away your money and your freedom (particularly in the UK).
Why particularly the uk? What evidence do yoi have have back that statement up?
I'm fairly sure you do it In russia or china you get shot
So basically, a bunch of guys shorted oil the same day it happened to trade for - ve. They took too long to tell a 1 line story.
It’s a bit more complicated then that.
They bought put options on it
@@brolint8067 Puts? Bloomberg said futures.
@@tiagodumont4422 Yes mate they bought Puts on futures and then bought sold futures at the same time
how did they predict and time the market and why did oil crash that day?
@@jordi8867 oops I meant they bought futures which were sold for cheap
It’s funny how when the price of petrol is negative we don’t see clear changes at the gas station prices, but when it’s rising they don’t hesitate a second before selling it for more…
The story I heard back then was that because of the worldwide shutdown, nobody wanted any oil, so the negative price reflected the price of storing oil in the immobilised tankers. Well, I believed that.
Extra interesting today. Thank to Sam Deymon for just the news everyday. I learn more in 10-15 minutes with you than hours upon hours of main stream media.
I totally agree with you it has been an eye-opening experience for me on how trade works with sam.
After my portfolio took a big hit in April, I was forced to employ the services of an Investment-analyst that has not only accrued a profit of $150 thousand for me since then but has also taught me how.
My first Investment with Mr Sam Deymon gave me profits of over $47K U.S dollar.
Is there anywhere I can get across Sam Deymon for a startup.
Financial freedom is possible, you just need to know what to do and when to do it. I am a living testimony of Sam Deymon profits. Beginners can lose a lot of money without proper guidance. Best bet is to get a professional trader.
I remember the day when oil went negative, I told my clients to keep buying major oil company's stock as the dividends were looking juicy. As a boring contrarian portfolio manager myself my clients demand a high margin of safety in their investments, for that reason I stay away from options and derivatives.
I remember this day. Oil fell to like 20 wti fast. I put what I had available in a 3x leveraged ETF. Long oil. It didn't bounce for a quick sell. 4 o'clock came. Let's hold overnight which I never do with leveraged ETFs. Markets close, it felt like 5 minutes passed. We are a -35 wti.
But I get to say I traded that day. That pretty cool.
I HAVE INCURRED SO MUCH LOSSES TO TRADE ON MY OWN,I TRADE WELL ON DEMO BUT I THINK THE REAL MARKET IS MANIPULATED.
I always advice new members to have an orientation on how it works before getting involved. Trade offers more benefits than just holding.
Kate Floretta
Face book
Google " katefxfloretta " anywhere take classes to learn to trade.
having a mentor is also very important when it comes to Trade, with out that, it can be very frustrating.
you must have these things in mind
1. Have a long term mindset.
2. Be willing to take *risk*.
3. Be careful, if you're not spending to earn back, then stop spending.
4. Never claim to know - Ask questions and it's best you work with an assistant.
What would be interesting is how much money they were in the market for and understand the level of capital at risk when they placed these trades.
Totally agree... would be super interesting to see some analysis around this
They sold put options on futures they were probably not risking anything near what they made options at a decent amount cheaper then just shorting the stock out right.
I'm guessing they risked at least 10M each and bet one dollar per point. 1.00 lot. That would be a pool of 50 to 100M total and collectively it multiplied times 5 or 6. Lol.
@@tonyyee7040 one of the possibility, another could be selling calls.
@@techihandle i'm not an expert but from my understanding selling calls they'd only collect the premium from the buyer of those calls even tho (sellers) are short calls right
Shoutout to that young lad that made 100 Mil !!!!!
At that time it was rational and public knowledge that oil will go down coz it was the first lockdown. Kudos to these brave souls who did their research and risk it
ah imagine you made that much money trading, you're set for the rest of your life without have to move a flinch.
That's not how these blokes operate.
Gamestop. Wait and see
@@sonyboybluespower I think they did game stop like months ago lol
@@47ancherish71 this is just gettin started
I'll bet 3 or more of them will lose it all in the future.
Fantastic getting paid for both selling and buying with that amount of money! I have made +200 % on a non-leveraged (x1) Brent position since April 2020 but these guys are stars. Have a really nice day everyone everywhere!
Great video from Bloomberg, always great to listen to these crazy trading stories
I love these kind of stories..absolute legends..should be done a movie
‘Fortune favours the bold’ ~ some ancient geezer
Sounds like they took the risk and reaped the reward. Nobody cries when the hedge funds makes billions everyday
"led by a guy named cuddles" and that's how I knew it was going to be interesting (besides the title of course)
Really well made video!
Hello dearie.
We need a movie based on these winners 🔥
The main reason the big oil companies and national oil companies lost while these guys one is that they are in a different business--these guys are traders. Meanwhile big oil has physical barrels they are trying to move and hedge. The traders have more flexibility in this scenario to see an opportunity and execute a strategy solely on financial derivatives, while the companies mainly try to trade based on the physical barrels they have access to. Actual oil companies had to figure out where to store their oil and what to do with the physical supply that had nowhere to go--they would not only face losses from not being able to sell the physical oil, but imagine the public fallout of them dumping millions of barrels in the ocean/burning it into the air, and the cost of stopping all production is far greater than a $660 million loss.
@Dee Santer Ah yes, sorry for the innocent typo. Why don't you pop a Xanax and relax please.
As a wholesale electricity trader, negative prices are routine business. Was funny watching the rest of the world discover the dynamic.
in electricity yeah in oil: not so much or?
It's going to be..Legen.... "wait for it" dary... Legendary... I can't wait for the movie... small firm gives the finger to multinational firms and the world of stock markets.... I want to see this on Netflix Billions somehow some fashion. Fantastic job Cuddles and your mates.
Well done to them
I hope none of them ever get in trouble
Your sound engineer def deserves a raise
Bloomberg Quicktakes are better than Netflix
Of course when the small guy wins terms like “punishment” are thrown around.
This is why were fighting back
Great story, hats off to them
bet there were a lot of cuddles that day 😂
"you get a cuddle, he gets a cuddle, EVERYONE GETS A CUDDLE!"
I remember that day 😂😂 I bought some shares in an oil company a week later ....
I made 830€ from 50€ that day in my first trade ever^^ haven't been trading since then, that was pure luck and could have gone terribly wrong. Just investing atm. Cheers to these 9 guys! Would've been interesting how much the invested and what leverage.
Why would it? Wasnt your trade a long put? Or what exactly was your position?
It couldn't have gone wrong, you would have just long €50..
Opened a short on oil futures with no sl or tp and went to bed.
Next morning oil was down and it was that day when the impossible was supposed to happen (oil below 0).
@@MkOne001 I understand what you mean now, yes very high risk. Doubt we'll see it again
Want to learn more about Cuddles' incredible oil trade? Read the full story on Bloomberg Businessweek: www.bloomberg.com/news/features/2020-12-10/stock-market-when-oil-when-negative-these-essex-traders-pounced
Gotta love how the Big Short is still so relevant..
@@davidf7076 Get Shorty
Haha I remember when oil hit negative territory I was paper trading learning futures contracts and I made roughly $1M. If only it was real money 😂
😭😭😭
That hurts
That sounds like me paper trading. If it were *real* money, I'd have lost a million.
Psychology works differently when you are using real money
@@NithishS99 Stick to proven strategies you created from paper trading and you will be ok. DO NOT deviate from them. Keep record of what works and what doesn't. Don't get emotional.
Amazing stories. Wish there were more details.
Oil was-35$ because of OPEC meeting, there was no agreement between Russia and Saudi Arabia to cut the production to increase the price, the price of Oil was down because of international lockdown due to Covid-19. The meeting was on Sunday and when the Market opened on Monday, the crash was on. AUD and NZD fell 6% and 7% respectively. All Major Currencies fell more than 3% against the Yen and the Swiss Franc, just to mention the impact it had on the FX Market. ...the US Stock Market had 3 circuit break due to the massive selloff. that was the Bloody Monday, just like the Black Monday of 1987.
They outsmarted oil Giants. Give em a break. Cheers mate
How much leverage did they use? How much capital did they start with?
Love these mini docs
Me: I'd like to buy a barrel of oil.
Oil seller: Ok, but you have to take this $38 too.
Me: $38? I thought I'd have to pay more than that.
Oil seller: No, I give YOU the $38 to take this barrel of oil.
Me: Oh? What do I give you?
Oil seller: Your sanity.
Futures are so difficult that even insiders regularly lose money
When you lose money it’s alright,when you make money you are being investigated.
Warren Buffett once said "if you don't find a way to make money while you sleep, you
will work until you die'.
That was deep! hardcore fan of Warren Buffett. I got to start investing in mutual funds because of him and I haven't regretted it.
It's not about watching videos and wasting your time on strategies, I was ignorant doing so. So l decided to try Mrs Tiffany and ever
since then she has made about $15,000 on every $5,000 I invested, Just in couple of days
I wish this was taught in college, and I am
just trying to research, learn how to trade stocks and options.
Financial educauon should be taught in
every level of education but because of the misplaced priorities we have in the system,
the ignorant man is suffering it.
@@washingtonhenry6497 Exactly! it's never too late to start. that's why I'm watching how to trade option and equity.
A bunch of friends making the trade of their lifetime, cool story, thanks for the video
Big fan of Liam's writing. Keep it going mate!
I love the production level of these mini docs you guys are making
Great 👍 sharing and everyone still puzzle why oil prices go negative.
I'm happy for those lads they are legends
Imagine making £100 million aged 22. That's insane
And gas stayed no less than $1.50/gallon, while oil was negative. Yet when oil was $10 - $25 per barrel (in late 90s), gas was less than $1/gallon.
because that was an artificial price and only lasted moments. so it would not make a dent in gas price. also inflation is a thing
@@lucaskp16 It was the settled price. Oil was stored on tankers & barges for weeks so that it would not reach the refiners - thus elevating the price of gas artificially. This peculiarity then created a shortage of available tankers. Gas refineries is a low margin business, the price should’ve dropped much more. Inflation had nothing to do with the situation, except for the refineries artificially inflating the price of gasoline in order to extract more profits.
maybe tax increased
@@murryjm and don't forget taxes and the fact that transport and gas stations are also paid from the sales of gasoline.
these traders sure know how to create added value, another great win for society!
Inspiring story !!!
Hi Rajan bro came here after u r telegram post 👍
Happy weekend bro🤙🎉😁
Yes 💯
Hi rajan
And also risk factors of the trade they have taken.
our jft community will be like this in any day in future :)
These oil firms have all the advantage, but if you are an employee of these oil firms, you have the advantage to rip off your own firms. At least some people were tipped off imo.
They were or are employe . Three of them . As i know.
@@subhradeepsharma They worked in oil companies?
Sometime I dream about hitting that perfect trade that makes me do so much money...but I always forget that the first thing that would happen would be the legal scrutiny...nice
Imagine doing the best trade of your life and going to jail for it smh
This is so cool. To the people out there who pulled this off - well done. Hope you’re all living the dream out there somewhere
They really presented that well, these two guys
I punder on how my retirement experience would generally feel like because I've not yet been able to save enough money and according to my spreadsheet I'm 9 years closer to my retirement schedule.
You can start by investing on coins for a better return and a secured future as well
I’ve been trading bitcoin for a long time now with the help of a professional I now earn big trading on it , I see it to be the income ever
No magic in trading having a strategy that ensures profit is the best you can do and that’s not for novice, lost over $5k trading with bad strategy but with the help of an expert Carlton Jefferson I have recovered losses and even made more
That's why I always advise traders to invest with Mr Carlton Jefferson’s platform. On his platform I never experience any issues of re-quote or fake slippage.
I started my Investment with $3200 now my account is worth $16800.
What capital did they start with to get to 600 million I wonder...
Depends how hard they leveraged it, but realistically probably between 2 and 200 million between them. Pretty much impossible to say with any more specificity without more information coming out. With the size of the swing they would have roughly tripled their money with zero leverage, so the total volume traded would have been about 200m, but it's possible to lever up that bet 20-100x, if you have the stomach for it. The most likely number is probably in the low 10s of millions. They weren't poor before.
@@turniper8959 cheers for the reply. Yeah they definitely weren't broke 🤣
that is so genuinely sad to see these guys being investigated. but no investigating into any other dodgy things that large corporations do to manipulate the market.
AMAZING story! Love it.
This was lit 🔥🔥🔥
I think they must be awarded instead of punishment, bcoz the govt never reimburse the losses that u made when u are inexperienced but it'll start investigating if u make huge profits. This is absolute nonsense if they are criminally charged.
And I've lost like 30% of my money that day lol
But it was amazing to be a part of this historical moment
Congrats to those mad lads from Essex
Typical scenario when a small guy managed to win big the bigger guys gets jealous and asks for investigation. But when bigger guys win in the market, it's normal even if they do dodgy activities... they can easily get away with it. If I were those Essex guys, I would immediate transfer my money to some offshore account (buy some crypto currencies) and leave the country... 100 Million can get you anywhere and buy almost anything.
Where did they get the capital to make $700M in profit? That means they could have lost £500M??? How did they get that amount of capital to even make such a gamble?
That's exactly i wanna know
Had to pause the video and say how bad i feel for Saudi and Kuwait losing a couple of dollars on their barrels of oil..
A retail traders ultimate dream
Nah they just part of R/WallStreetbets
During the last half hour their gains were so great that they were able to force the price below zero and lower. Either that or they were the front for a larger operation, a manipulation.
I love stories like this 🔥
There might be an economical turmoil but there is no doubt that this is still the best time to invest.
Best time to invest? thats funny though because in the last four months I have lost more than $47,900 in stock market which is the biggest I have loss since I ventured into stock investment.
you could be right or wrong depends on your expertise, I once made such loss when i invested thinking i have gathered enough trading skills from youtube videos but now its a different ball game for me because I was lucky to have met "Jessica Lee Aquiler ", a financial manager and stock expert, I have made more than $165,000 in 6 weeks under her supervisions.
kindly search her name on web
When someone they don’t expect to win makes it. Now they turn them into a bad guy
I really don't understand the economics of the oil industry because even after oil went negative I was still paying just under $3 a gallon in WA state and that really pisses me off lol...
You can keep the oil without a buck but to keep it in container you need to pay it
you make great videos! Bloomberg lucky to have such a reporter, cheers.
A genius and his prodigies, they will tell the story before they die
I doubt it... Seen how many traders been wrongfully accused for taking chances on situation like this.. is best they disappear