2025-12-31 15:41:53

The cautionary tale of 'Captain Condor' serves as a stark reminder of the dangers lurking in leveraged derivatives trading. This options trader accumulated a devastating $50 million loss while guiding his followers through increasingly risky positions. What started as confident trading calls spiraled into what he himself described as 'catastrophic financial devastation.' The incident underscores a critical reality in crypto and options markets: when retail traders follow influencer strategies without understanding underlying risk management, the results can be brutal. Position sizing, stop-losses, and portfolio diversification aren't just textbook concepts—they're survival tools. The collapse of such a prominent trader's portfolio doesn't just affect his personal finances; it ripples through his entire follower base, many of whom likely mirrored his positions. This serves as a powerful lesson about the distinction between confidence and competence in trading, and why due diligence matters far more than follower counts when it comes to managing capital in derivatives markets.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

10 Likes

Reward
10
6
Repost
Share

Comment

0/400

RetiredMiner

· 4h ago

Oh my god, fifty million USD... This guy has scammed all the retail investors following him, truly incredible. This is the fate of big influencers who follow trends; how many of them understand risk control? Leverage is like a death scythe; if you don't play it well, you really lose everything. Not even setting stop-losses, are you trying to destroy yourself? Confidence does not equal making money; this lesson is a bit costly. Watching fans gradually lose money, just thinking about it makes me uncomfortable. Don't be blinded by follower count; being able to survive is the real skill. That's why I never copy trades; do your own research, everyone.

View OriginalReply0

POAPlectionist

· 5h ago

$50 million lost, this is the price of blindly following the trend --- Entering with full confidence, ending up as burial partners, this move is truly brilliant --- Another big V crashes, and the fans' principal also evaporates... --- Leverage is a thing, one second heaven, one second hell, if you lack risk control awareness, don't touch it --- Stop-loss and position management are truly a matter of life and death, but unfortunately too many ignore it --- Following big V influencers like this, he makes a few moves, and we lose dozens of times with him --- Confidence ≠ ability, this lesson has been costly enough

View OriginalReply0

MidnightTrader

· 5h ago

$50 million... This guy is really a textbook example of a bad role model Following big V influencers can sometimes be so cruel Not setting a stop loss, eventually you'll have to pay the price, there's nothing to say Confidence ≠ ability, many people learn this lesson through losses When one person blows up, the whole team follows as sacrificial victims, that's too harsh How many people have gone all-in just by looking at his account screenshots? Leverage really can consume a person until there's nothing left Stop loss, stop loss, stop loss—saying it three times is not an overstatement This case directly hits the pain point of 99% of retail investors Following trends is easy, but bearing the consequences is up to yourself

View OriginalReply0

SatoshiSherpa

· 5h ago

50 million dollars in one shot, this is the difference between "confidence" and "having skills" --- Following big influencers' copycat strategies, ending up losing everything... truly outrageous --- Risk management is not an option, it's a matter of life and death --- This guy treats followers like a pension fund, and they all end up playing together --- Leverage derivatives are just traps, greedy people all get caught in the crossfire --- Even seemingly skilled traders can go bankrupt, should ordinary people still follow? Wake up --- Position management, stop-losses, these basic skills are not well done, and yet you dare to lead a team? --- Is the lesson of 50 million worth it? I think the whole circle has learned from this

View OriginalReply0

Ser_Liquidated

· 5h ago

50 million loss still leading the trades, truly incredible --- Following big influencers like this, serves you right --- Full of confidence but ended up in the red, this is the reality --- Derivatives are just casinos, stop talking about strategies --- Fans are also quite miserable, taking the blame for him --- Leverage really can ruin a person --- Stop-loss and position management are not just decorations --- I just want to know what his fans are thinking now --- Confidence ≠ ability, such a simple principle they don't understand --- 50 million gone... how many more people need to learn their lesson

View OriginalReply0

GasFeeVictim

· 5h ago

$50 million, this guy really turned "all in" into an art form The bandwagon followers probably aren't doing much better; this is the reality of crypto Stop-loss isn't an option, it's a necessity Full of confidence to the point of bankruptcy, separated only by a leverage margin Having many followers doesn't equal making money; this time, it's a lesson learned by throwing money around

View OriginalReply0