I have a whole post devoted to madaz’s large losses … he took another one recently, so I’ve posted the CAPR chart below instead of lengthening the old post:
Click to enlarge
I think what happens is he takes an initial loss, say it’s $5,000. Then he doubles his share size in an attempt to “get it back” and loses $10,000 more. So he doubles his size again and loses $20,000 more. He does take these losses, he’s not adding to a loser, he’s just doubling his size on the next attempt, I believe. He might level it off at some point and be risking, say, a flat $25,000 or something on each attempt. He doesn’t say how big his total maximum loss was, but let’s guess it was $75,000 and then he made around $30,000 back to end up with a ~$45,000 loss on the short side.
If he’s generating 123 tickets and over 900,000 shares traded, then you know he’s trying to dig himself out of a hole to end the day “green,” “banking stress-free coin.” Is this a style of trading you want to emulate? I’m not dissing him, he has a method that works for him, god bless him, but you don’t want to be naive about what he’s doing or think that you could, in a million years, imitate his style.