Its a bad thing. It means his trades went the other way (a LONG is ‘betting’ the price goes up, a SHORT is ‘betting’ the price goes down). Depending on the trade type it can reach a certain level and its automatically closed and you lose it all (that’s being LIQUIDATED)
Its a bad thing. It means his trades went the other way (a LONG is ‘betting’ the price goes up, a SHORT is ‘betting’ the price goes down). Depending on the trade type it can reach a certain level and its automatically closed and you lose it all (that’s being LIQUIDATED)
So he bought on margin and got margin called and liquidated 84 different times? Who would even lend to him at this point?
I’m assuming things a little but looks like he’s opened a long with a hefty enough leverage judging by the open and close price
Grifters like Andrew Taint always have people willing to fund them