Nothing happened he just used extreme leverage, so it was predictable .
Anyone uses extreme leverage his strategy will collapse including me and everyone else . Its a certainty .
1 Like
To add to Mate_see’s comment: even though the system is now private, you can download the closed trades detail to see what happened (at the link below)
www.collective2.com/strategy/csv/138044147
Unfortunately the trades in that CSV download are aggregated, so it won’t show each individual transaction time, quantity and price (and is thereby less helpful in doing a detailed postcollapse analysis).
The final [highly leveraged] trade had 18 contracts and lost about 77% of the [model] account value. He was on the wrong side of the market when an economic report was released at 8:30 am Eastern time on May 11th and “the rest is history”.
3 Likes
