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All moments › Michael Burry Is Getting Squeezed — And He Just Doubled Down

Mentor shares personal cautionary tale of quitting job unprofitably, taking bad trades, moving into parents' basement.

From Michael Burry Is Getting Squeezed — And He Just Doubled Down · jumps to 1:09:22 · speech

▶ Open at 1:09:22 on YouTube
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I think the math here really needs to make sense, and I definitely think that you should already be profitable before you consider going full-time. Um I tried. I did this. I made a little bit of money trading. I'm like, "Oh my god, I'm the goat." I quit my job. Started trading full-time. Immediately, I realized I'm actually not that good at trading. I had to withdraw money from my trading account to pay to live. To the point where I started taking trades that weren't even good trades, but I needed money, which made me lose even more. I literally moved back into my parents' basement and reapplied for my job back.
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