📉 History’s biggest trading losses — even pros blow up:

Adolf Merckle: ~$1B on VW short (2008 squeeze).
Hunt Bros: ~$1.7B on silver (leverage + regulation shift).
Metallgesellschaft: ~$1.3B on oil (futures mismatch).
Orange County: ~$1.7B (leveraged rate bets → bankruptcy).
LTCM: ~$1.8B+ (arbitrage collapse post-Russia default).
UBS: ~$2.3B (unauthorized trades).
Aracruz: ~$2.5B on FX (dollar move wrecked hedge).
Sumitomo: ~$2.6B on copper (manipulation failed).
SocGen: ~$4.9B (hidden index bets unwound in crash).
Amaranth: ~$6.6B (gas spread bet backfired).
Morgan Stanley: ~$9B (subprime derivatives).
JPMorgan: ~$9B (London Whale hedge gone wild).

Same lesson:
Idea doesn’t matter.
Risk and size decide fate.

#Trading #RiskManagement #Lessons

Crypto flash