so you losted all your munz, so what? it cud always be worser. this is important history lessn for pro traders from a vetern who livd through the histori of stuff
ok so let me educ8 u, this happen a long time ago, i tink around... april 2020? ya
peepo was looky looky at da oils cuz da oils was droppa it was $2 buckarinos or sumtin and dey though: "hey i kno is so low i buy i buy", but they died.
what dems were really buying fo real werent da oils at all, dey was da oil future contracs. lemme get u learned about dat a futures contract is when you say hey bro i wanna pay you for this now and get it later lol.
anyway, oil future be all like: ima go low and low, it went so low it was crazi. it went to $0.02 cent and den peeps really went mad. it cant go much lower!!! lol!!!
so it go to -$40 a baller LMAO REKT BUT WAIT HOW
so ok basically u buy dis ting and u get 40 bux back?! ya ya ay cool. dey post in on websit for mentally challenged wall street bets on la reddit and peeps were buying it like a hot cake
howeva da story aint ova.... cuz wat dem pepes didnt know is they had to take physical delivery of dat oil...... yup! dat was how da futur contrac worked, u buy u buy and den u can sell, but nobody want to buy cuz u needed to go der and get all dat oil LMAO or else u was in breach of contrac
so let dat be a lesson to you about stuff, i not sure wat da lesson is, let me make some shit up. yeah, the lesson is there is no bottom for sum tings so make sure u know wat u buyin