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Over the span of a few hours one day in April 2022, a guy called Cuddles and eight of his pals from the freewheeling world of London’s commodities markets rode oil’s crash to a $660 million profit. Now regulators are scrutinizing their once-in-a-lifetime trade.
Read more about the story in Bloomberg Businessweek:
#Oil #Storylines #BloombergQuicktake
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Strange how the common man makes money it’s wrong !!!
If you want greater understanding of the corruption at the top look at Clinton's pardon of Marc Rich Glencore Founder. Accused of tax evasion, fraud, illegal trade with Iran, FBI's Most Wanted List for almost two decades. Pardoned by Clinton after significant donations.
Nobody gonna explain how oil went negative? Waste of my time
But…how did it go negative? I still don't understand that.
Nah they just part of R/WallStreetbets
I’m gonna go ahead and bet that the boiz will not be remembered as hero’s in the trading community, haha I wish them well
Something like burry – but burry had the research on his
A lucky shot, if you had money in account you had profit
GG's to them
I remember that day. There was a guy who shorted WTI at $0 because it couldn't possibly get any lower, and it went to $-40 a barrel. The guy lost more than half a million dollars in a day.
🦫
Oil Stonks
Imagine how much tax they paid on their capital gains!
Did a pathetically terrible job explaining how they bought and sold on the way down
Dislike, wasted my time for way too long for something that could be covered in 6 min
Its sad that, if you are not the big banks or the government but you hit BIG Bank like these guys…..you are investigated or called on some type of fraud SMMFH
When small firm get profits you'll get investigated , when the giant did it no one cares.
Just because some young lads made a absolute killing in 1 day everyone in upraw, but when massive forms do this not an eyelid is moved… seems suspicious to me that there they're even getting investigated???
All I got from this video was a group of dudes made $660 million in one day and they should probably be punished.
All these flash crashes apparently need a scapegoat for some "malicious intent" to make the market go negative instead of looking at the bigger picture.
So the covid 2022 crash with chinese factories, cruise lines, airport shutdowns and mandatory lockdowns so people didnt need to drive around had nothing to do with oil storage capacity overfilling and crashing oil prices?
At least state a reason why you think their trade was malicious.
But why was it a high risk? If the price is below zero in a big crisis, you know it‘s gonna go up. So you simply buy the dip😂
Fancy that I am reading about how the Hunt brothers tried to corner the silver market.
When we lose money nobody investigates but when we win money it's a different story
I still don't get how it dropped
this is a certified guh moment
5:20 – Who would have thought people who worked together also saw each other outside of work?!! Amazing reporting and some really interesting insights into the lives of people who work
Jealous bitter insecure old men
Big guys win, they're congratulated.
Young underdogs win, they must be investigated them. How dare you outsmart and humiliate big guys ?
Ahhh jealousy at its finest.
This video could be 2 minutes long and just as informative
Could be fined or banned from trading…. oh noooo
Congrats to those mad lads from Essex
I realized that the secret to making a million is making better investment . I always tell myself you don't need that new Car or that vacation just yet and that mindset helps me make more money invest : ng . For example last year I invested 70k in blue chip stocks and crypt0 s ( with the help of my advisor of course ) and made about 380k , but guess what ? I put it back and traded with her again and now I'm rounding up close to a million . Delayed gratification always pays off