Solid

I took 70k to 2.9 in 4 1/2 months This quote right here is exactly what it felt like “You have to understand what that did to my psyche. It made me feel completely detached from reality. I thought, “I’m going to get to $200 million in six months.” I was completely sure of that. I started seeing trading as a video game, which I kept winning. “

Read the Market Wizards chapter on Kristjan Kullamägi this weekend. The one section that really stood out was when he discussed his drawdown off of his 2021 peak. "I started 2020 with $3.5 million and ended the year at $36 million. It was a thousand percent year. Then I ran that $36 million to a high of $105 million, and the last portion of that move from $65 to $105 million occurred in just a month and a half. For a brief period, just a few days, I was over $100 million. You have to understand what that did to my psyche. It made me feel completely detached from reality. I thought, “I’m going to get to $200 million in six months.” I was completely sure of that. I started seeing trading as a video game, which I kept winning. Measured from my $105 million peak in November 2021 to my mid-2022 low, I lost approximately $60 million. About half of that loss represented the late 2021 retracement of the large open profits at the November peak to the stops on those positions. The initial retracement loss was so large because I was leveraged long at my peak. My long exposure was $150 million—a number I recall because I remember bragging about it to a friend" These boom and bust type tales are as old as time. Look at Jessie Livermore as the classic example. Net worth of $0 in 1906 to a peak of $1.6 billion (inflation adjusted to 2021 dollars) in 1929. Just 5 years later he blew up and owed $104 million dollars to his brokers... Or look at Paul Tudor Jones. Hit one of the most legendary trades in history, making roughly $200 million dollars during the 1987 crash. It cemented him as a legend. His mental coach Tony Robbins said that Jones consistently lost money for the next 4 years after that peak. Dan Zanger parlayed $10,000 into $42 million during the late 90's. Then in late 2000 he took a 70% drawdown when he was 200% long 3-4 fiber optic stocks as the dot-com bubble was popping. Charles Harris reached 8-figures status after he ran up his account over 4,000% from 2020-21, then experienced a -80% drawdown, mostly due to his big TSLA bet in 2021-2022. I have seen a few people speculating on Kristjans story from the outside. Saying "I would have stopped trading at $100 million" or "I would have just taken that money and started investing". To those people I ask if you have ever experienced a real euphoric run in your trading account, let alone turning 5k into 100mil? Extreme winning streaks like the ones above breed overwhelming euphoria and overconfidence. The mind shifts its focus from process to outcomes, with ego-driven decisions overriding risk parameters and rules. From my experience I have found it near impossible to be aware of this at the peak of the run. It is almost like you are blacked out and the greed/ego completely takes over your trading. Then the drawdown begins. The emotions shift from euphoria and greed to revenge, fear, and doubt. This is where things can really start to spiral out of control. It is only after the drawdown has run its course that you finally come back to your senses and your emotions drift back towards baseline levels. Then all you're left with is regret... Few people ever talk about what a big winning streak can do to you. It can literally change the way you think and operate. Often the ability to achieve super returns is also its biggest drawback—a true double-edged sword. To be able to conquer both sides is the holy grail... From the Hour Between Dog and Wolf by John Coates: "When traders enjoy an extended winning streak they experience a high that is powerfully narcotic. This feeling, as overwhelming as passionate desire or wall-banging anger, is very difficult to control. Any trader knows the feeling, and we all fear its consequences. Under its influence we tend to feel invincible, and put on such stupid trades, in such large size, that we end up losing more money on them than we made on the winning streak in the first place. It has to be understood that traders on a roll are traders under the influence of a drug that has the power to transform them into different people."

@smartertrader Thank God, he didn’t mention $MU

Cramer said Sndk 60 bucks + this yr then 170 next yr lol. 2000 coming. Didn’t mention MU interesting. Maybe we get a MU preannouncement. …

@bariksis Why should it infuriate me? , i took a piece. You must not have.

This should infuriate you.... $SNDK just doing a casual 40x in basically 12 months. Wtf?

@__deadguy @AviFelman Sell your $GME YET?

@solidasarock77 @AviFelman He literally did answer. Watch it again, ding dong.

For those that don't understand what happened here, the reporters asked a very stupid question. Ryan clearly stated that the transaction was going to take place using 50% cash 50% equity. We will need about ~55b to purchase Ebay so follow the math here. Gamestop has ~$9b on its balance sheet and a soft commitment of ~20b from a lender. So we're at ~29b. so for the rest Ryan is pledging the entire market cap of GME (~10b). That brings us to 39b total. From there, Ryan is going to sell his body on onlyfans, pray to god and beg the Ebay executives to "just take the deal man". That brings us to the total price of ~55b. The reporters are dishonest, fake news media strikes again.

@smartertrader You couldn’t make it up🤣🤣🤣

lol. In the greatest mkt in 20 yrs the guy buys gme

@smartertrader Real

Is this real. ?? lol. Getting smoked Orcl next

Watching $GME soy boys tryna say RC was on point. Actually heard he is spinning up some OF accounts to help pay for eBay. 🤣🤣🤣🤣

@JayMoore555 @nderchris @AviFelman I heard RC is spinning up some OF accounts to help pay for eBay

@nderchris @AviFelman @solidasarock77 If I did the maths right, its about... 10% cash 10% gme capital/leverage 20% trust me bro 40% future Ryan Cohen dick pic sales 20% no seriously, I really really need you to trust me bro

@nderchris @AviFelman 🤣

@AviFelman @solidasarock77 I'm also spinning up 20 OF accounts with Claude, so it's more like 89% cash and 11% stock

@junkbondanalyst Exactly!

Not sure who this is more embarrassing for, CNBC or Ryan Cohen. Very clearly does not want to say aloud that he will dilute GameStop equity to buy eBay. Who mogged who?

@ContrarianCurse I’ll check back

$MU sold the chunk I bought in the low 300s, flipped it short

@ContrarianCurse Good luck

@ReesePolitics Or he didn’t wanna admit he’s gonna dilute his shareholders

That was one of the greatest displays of legacy news hit job media (CNBC) vs. new age retail pioneers (Ryan Cohen and $GME) where the old guard is so desperately trying to cling to what's left of their crumbling establishment. Cohen's indifference to Sorkin's childish repetitive questioning was an absolute mog.

@Ryan__Rigg @zebular0 Couldn’t answer the question where the money is coming from, for one simple reason. … if he did, he’d have to admit he he’s gonna dilute his shareholders.

$GME GameStop CEO Ryan Cohen’s full interview with CNBC this morning and the $56B $EBAY deal — he takes a couple digs at CNBC regarding their past comments about #GME

Been playing MU options quite a bit lately made a lot of money,… but at this point I started buying $Dram you could buy 100 shares of Dram same price as a 580 call that expires May 22 which could expire potentially worthless or you could have 100 shares of Dram that dont expire and take profit at your leisure

Iran 💩 on this. 🤣😂 $MU JUST PUSHED TO A LATER DATE.

@TripleDTrader Doesn’t want to answer because if he did, he would be forced to disclose that the money would come from dilution to shareholders

“The math doesn’t add up, where is the rest of the money coming from?” Cohen response, “I don’t understand the question.”

@HolySmokas The answer to the question would force him to admit he’s gonna dilute his shareholders that’s why he wouldn’t answer

This was a BRUTAL watch 😂

@PathOfMen_ Your lying

I’m not going to lie, this is the best account to follow in 2026.

By the way, “intelligence” is a byproduct of being created in the image and lightness of God. but other created beings have various levels of intelligence, Lucifer, for instance, also known as Satan cast out of Heaven for opposing God has a very high level of intelligence. Therefore, all intelligence originates with and flows from God directly or indirectly.

The point hes makjng is not correct, simply because “intelligence” is presupposed to be what was sacred, according to his world view. But actually Intelligence is not what makes us unique. ,Except from animals. It is the spiritual component and being created in the Image of God that makes us unique in all of creation. Not intelligence. Poor man lost his whole value and self worth and trying to put that on me because he has the incorrect worldview,… he found out he’s not the only thing intelligent. Or that his intelligence can be surpassed,.. probably doesn’t believe in Creation by intelligent Design either. Too smart for his own good.