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WOLF Terminal
@WOLF_Terminal
The #1# Source of Finance & Trading Education on Spaces | Perps, Equities, Bitcoin, and more
๊ฐ€์ž… September 2022
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๐Ÿšจ STANLEY DRUCKENMILLER ON LOSING $600 MILLION SHORTING STOCKS THAT EVENTUALLY WENT BANKRUPT: "I shorted $200 million worth of internet stocks in March of '99, and in three weeks covered them at a $600 million loss." The kicker: "I was short 12 stocks. They all went bankrupt, every one of them." Why the math is against you: "If you're dead wrong on a long, you can lose 100%. If you're dead wrong on a short, you can lose 10 times your money." "Don't try that at home."
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