THIS POST HAS MULTIPLE UPDATES SO SCROLL ALL THE WAY DOWN
The day trader I wrote about earlier has had some bad luck of late. Study these two charts closely to learn from his mistakes. APHB CETX
Update: Another near disaster on May 18th ... can you spot what he's doing wrong? GLYC
UPDATE: June 1, 2017 ... MBOT
UPDATE: June 8, 2017 ... ABIL
July 18, 2017 in CAPR
December 4, 2017 ... PXS and ASTC ... same old story, gets stuck in a Flying Pig, doesn't exit for a "small" ten or twenty thousand dollar loss ... I assume he adds to the losing position in an attempt to improve his average (475,898 shares traded in total), but price keeps rising (high in PXS was $12.22!) ... says he was down 98K, made some back when PXS finally broke at 2:45 PM. ASTC same thing, just less dramatic (smaller size probably and smaller move).
December 22, 2017 ... short SGLB ... $39K loss ... nearly half a million shares traded.
December 26, 2017 ... when the "halt resume" washout long fails, this time in FTFT ... ~$44K loss ... over 600,000 shares traded.
Jan. 4, 2018 ... CNET and CPAH ... nearly a million shares traded.
Jan. 5, 2018 ~$58,000 loss, long $CNET ... over half a million shares traded ... fighting it on the other side after a bad loss previous day. Clearly "day after" revenge trading ... ugly but happens to the best of us....
Jan. 9, 2018 $FORD ... this one no doubt caught a lot of Pigs Players off guard ... then why they tried to reverse long after the squeeze to $4, smackdown:
May 7, 2018 ... BLNK a runaway, trapped short, tried to average down down down, just gets more and more stuck, pulls the plug at the top:
May 8, 2018 ... Another large loss, this time from the long side. I assume he did his "halt resume" play here with insane size and it instantly "dumped" on him to the tune of 60-80 cents ... but it's just a guess.
May 11, 2018 ... -27K, wrong side of another runner, HEAR, apparently with "half size," which is fortunate... otherwise the loss would be twice as large.
New one for June 18, 2020 … short UONE with a realized loss of $244,833. Must have averaged down, taken the loss. Tried again though with twice as much size (martingale method), lost again. Tried once more with twice as much size again, lost again. Stopped trading (or the market closed). That’s my guess:
July 20, 2020 … no details again but over a million shares traded so I assume some kind of martingaling occurred … realized loss of $166,000.
July 22, 2020 … 315,000 loss the bulk of it in $MXC … what’s happening is that TheShortBear is posting huge wins every week and I believe Madaz is trying to compete, taking larger than normal risks in an attempt to keep up. He should be aware of this and try to get things back into check.
September 21, 2020 … says intraday loss over $500,000 … he’s taking 10,000 share positions in Tesla, it seems … his competitive zeal to “keep up” with TheShortBear may be making him take unusual risks?
October 9, 2020 … a new record loss, $995,000 in VVPR … got him coming and going it looks like. Pretty vicious jam above the opening range high … then “switching bias” resulted in getting “dumped on.” Possibly while martingaling bet size the entire time.