Lost eight figures in a few minutes! Then personally gave back a few million more 😂
A trader nicknamed Bonk Guy just laid it all out. During the liquidation event on October 10 last year, he suffered the biggest single-day loss of his career in just a few minutes, wiping eight figures off his balance. He blamed a system-wide failure at a major exchange that day, and says no one has owned up to it even now.
But the next part was even worse. Desperate to make the money back—and to prove he still had it—he kept trading more and more over the following weeks and months, losing several million more. He even says that if he’d shut everything down and taken a few months off, or even half a year, things would’ve turned out much better.
A strategy that works in a bull market can hit a wall when the market goes quiet. A big loss hurts your account; rushing to win it back hurts your judgment—and that part is on you. Just watching it makes my palms sweat.
A trader nicknamed Bonk Guy just laid it all out. During the liquidation event on October 10 last year, he suffered the biggest single-day loss of his career in just a few minutes, wiping eight figures off his balance. He blamed a system-wide failure at a major exchange that day, and says no one has owned up to it even now.
But the next part was even worse. Desperate to make the money back—and to prove he still had it—he kept trading more and more over the following weeks and months, losing several million more. He even says that if he’d shut everything down and taken a few months off, or even half a year, things would’ve turned out much better.
A strategy that works in a bull market can hit a wall when the market goes quiet. A big loss hurts your account; rushing to win it back hurts your judgment—and that part is on you. Just watching it makes my palms sweat.