Need help from a whale to offset my massive trading losses

[Antifragile]

As MJ posted, you are asking the wrong questions and maybe you are here for the wrong reason.

I promise you, no one cares about meeting you in person or seeing your tax return. This forum exists to help people become successful entrepreneurs. Which is why I (with hesitation of wasting my own time) replied to you.

Let's reverse the tables, how would I go about this if it were me, not you ...

1. I would look to understand the root cause of my problems. Tell my story and ask for help in finding the error in my decisions that led me to lose millions multiple times.
2. I would look to establish credibility by contributing to others here. I'd ask myself "who can I help here today? What do I know that is useful to someone else and how do I reach them?"

But with you, it's all "external black swan events" that seem to cause you problems. You are wrong about that. Own your outcomes - it was YOU who made choices that led to today.

If you insist on blaming the world and looking for "whales" ... oh boy... I expect you to continue to perform the way you've always done, one step forward and two steps back.

Hopefully my post wakes you up and the doze of hard truth is welcome. If not, ask me if I care

 

[MJ DeMarco]

have to say am surprised that MJ responded that much here...

You don't know the backstory. I originally was going to reject his forum registration, but I figured I'd give this guy a chance and see what he had to say. In other words, I feel somewhat accountable for having this type of post surface here, or worse, have someone get roped into this questionable grift.

I'm batting 1000 on these types of registrations where I originally reject the registration and then change my mind and say, "Hey, let's give the guy a chance!"

Every time these registrations turns out to be a blockhead. And my kindness bites me in my a$$. This is why my fuse appears to be so short on posts like these.

 

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[Antifragile]

A newly subscribed member, giving an online random ask like this isn't the right approach. You are either:

1. A scammer, everyone should avoid, or
2. Not seeing the world from the right angle!

No one, no one who's even remotely successful, would be willing to respond to a Prince from Nigeria has a massive wire transfer ready to make you a millionaire. How is your little post here any different?

If you are legit and hit hard times... still not the way to go about it.

 

[Antifragile]

I'm actually curious - let's say I'm your shining armour. What exactly do you want me to do?

I probably have an idea and MJ already tackled it, but I wanna hear your exact idea.

Easy, you wire him $1.5 mil to cover losses and now you don’t have to pay taxes on your $1.5 profit! Isn’t it awesome?!

How do you make a million dollars? Start with two.

 

[MitchC]

Surely this isn’t the original title?

Hang around OP, I know you have a big problem and opportunity in front of you right now and that’s all you can see, but if you read the books and hang around you’ll be a lot better off long term.

 

[MJ DeMarco]

The way I view the world is in terms of probability.

Wow, what a novel idea. Someone should write some books about this concept!!

Finding them is the hardest part and it seems like there are no wealthy Individuals on this site

3 people responded to you on this thread and I'm guessing our/their cumulative net worth probably exceeds 9 figures. I realize that $100,000,000 is small potatoes for you and your $1.3M loss, so I apologize not being "whale" enough for you.

And BTW, if you want to deal with high-net-worth individuals, it's best not to pejoratively label them as "whales".

Do you know what a black swan event is?

Yes I do, apparently you don't though. The only black swan appears around here appears related to your decision making.

You belong at Reddit's Wall Street Bets forum, not here.

But i see the crab in a bucket concept applies to this site

Since you like judging a forum you clearly KNOW NOTHING ABOUT, Ill judge you.

You're an idiot.

Good luck figuring out why you're the unluckiest person alive.

But only after some "whale" saves you from your poor investment decisions.

 

[MJ DeMarco]

Who gives a why or how I lost money?

Yea, who cares about how or why you lost money.

Here's my bank account number.

Let's do business together.

You think high-net worth individuals are this stupid? Or are you this stupid?

You need an accountant, not a partner dumb enough to take your offer.

 

[Lex DeVille]

At least he was kind enough to leave a review to warn people about you fraudsters hocking your subscriptions!!!

 

[Guest-5ty5s4]

This thread reminds me of one of my favorite jokes.

I'm sure @Andy Black and @Mathuin have heard this one.

When begging for money, don't call people "whales!" Lol!

 

[MJ DeMarco]

You're here for the wrong reason.

Just to clarify: Instead of learning from your mistakes, you want someone here to remedy you from them.

If you're here for the former reason, welcome.
If you're here for the latter, I can delete your account.

How does someone approach this then

Uh, learn from your mistakes?

This tells me you haven't learned from them, and instead want to chalk this up to a "black swan" -- a market correcting and going down for the first time in 15 years is not a "black swan." Investing your entire life savings into "crypto" is not a black swan, it's a bad decision coming back to bite you.

The only black swan in the last 20 years has been the 2008 market crash.

 

[MJ DeMarco]

Easy, you wire him $1.5 mil to cover losses and now you don’t have to pay taxes on your $1.5 profit! Isn’t it awesome?!

How do you make a million dollars? Start with two.

Per the unluckiest guy ever via email, it's called a reverse merger.

He gets a whale as dumb as he is who wants to bail out his poor investment decisions.

If he finds someone as stupid and greedy enough to agree, they deserve each other.

Until the next black swan... translation: Until the market doesn't go up for 15 straight years.

 

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[Fox]

Tonight on Shark Tank we have Larry...

He is looking to pitch the sharks for $1 million in exchange for 10% of this trading loss account.

"Hello Sharks

So, paying taxes suck RIGHT?

And don't even get me started on all that legal paperwork. BORING!

So, what I have been working on is a high-risk-reverse-merger play..."

[Enter three actors in character as PROFITS, TAXES, and TRADING ACCOUNT who chase each around the stage]

 

[MJ DeMarco]

Should I post my tax returns for you?

I don't care about your tax returns. You're here for the wrong reason.

 

[Antifragile]

Of course they are all my decisions and i alone take the blame for my losses. Now tell me, where did I blame someone else?

Wait for it...

Do you know what a black swan event is? I am a math person. The way I view the world is in terms of probability. The probability of the events that occurred in my life to cause me to lose all my money in such a short period of time are less than 1%. For a black swan event to occur so frequently in a person's life is absolutely terrible luck.

There it is. Terrible luck is who we blame.

Thanks to the tax code, I have a rare opportunity to make a significant amount of money back. Both parties benefit as both profit. There are very few individuals that are in the 37% tax bracket. Finding them is the hardest part and it seems like there are no wealthy Individuals on this site

Hate to be the one to pop your bubble, but 7 figures isn't even in the whale territory.

You are still asking the wrong questions and I am done with you. Bye bye.

 

[Mikkel]

Exaclyt what did this guy expect? I can't imagine someone who is wealthy enough to become a "whale" would also be stupid enough to do some shady shit like this, especially with some random guy with no credability.

To the OP, not to add to the dog pile, but I would just take the L on this thread. Realize this type of crap is not tolerated and try and learn from those who have created true value. Hopefully you realize what you are asking sounds illegal and to avoid another "black swan event"(going to jail) you should probably take the L on losing all that money and try and build a real business.

 

[MoneyDoc]

Per the unluckiest guy ever via email, it's called a reverse merger.

He gets a whale as dumb as he is who wants to bail out his poor investment decisions.

If he finds someone as stupid and greedy enough to agree, they deserve each other.

Until the next black swan... translation: Until the market doesn't go up for 15 straight years.

The reason I love these sort of threads is because of MJs comments lmao. They always kill me.

 

[David4431]

I have an image of a whale (Moby Dick) for avatar. Do I count?

 

[Itizn]

Ask others for their money and then accuse others of only wanting your money.

Flawless logic.

 

[MJ DeMarco]

There is much for you to learn about the tax code

There is much for you to learn about tax fraud.

I wonder how the accountants on the forum would review your solicitation, or better, the IRS.

At least there was one valuable thing I can take from all this bickering: your recommendation to go to reddit wall street bets.

Thanks for proving your dumbassery as someone who thinks wealth comes from stupid stock and crypto scams.

I can't imagine how much your life sucks in that you've resorted to internet begging. Successful people don't do this.

Your sudden windfalls of big money is as much as a black swan (luck) as you repeatedly losing it.

The recession (or as you call a "black swan") has to shake out the numbskulls like you in order to return to things to rational, common sense balance.

There's a common denominator in your losses, look in the mirror and you'll find it.

Good luck and goodbye.

 

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[MJ DeMarco]

sometimes feel like a whale, but thats not money related.
I dare to couquer this thread for some questions to learn from it.
In US:
The 37% tax bracket. Is that the tax comulated or the tax rate of the last 1000usd?
Is 37% % for the last 1000 the highest?
When you make a loss, don’t you deduct it from your income, so that you don’t pay taxes on that. So a 1m loss is max a 630k loss?
Is 37% bracket much? My border tax rate is much more than 37.
Thanks!

Losses can be carried forward, but I'm guessing this guy is looking to play a shell game with someone dumb enough to fall for it.

So let's play.

I agree to his grift.

Now what?

I create a fake business and "write off" his losses? I take my current business that has made millions, and use it to write off his losses? How does this guy's personal losses get to my business that is making millions?

It makes no sense other than blatant tax fraud.

Would love to hear from @CareCPA or another CPA on the forum, I know we should have a half dozen or so.

 

[heavy_industry]

This is the most ridiculous thing I've read today.

Clearly a scam, or just a very bored person. Either way, it does have the "Nigerian price" vibe, like @Antifragile suggested.

 

[RussRussman18]

This has to be both the saddest and funniest thing I've ever seen on the forum

 

[Antifragile]

Because those are not black swan events, for they per definition can't happen as often.

For this poor fella Christmas comes out of nowhere every year!

Jokes aside, your response was well put.

The attached screenshot made me think he was like a poker player on tilt, with margin accounts. Gambling is not “black swan”.

It’s too bad that the OP wasn’t here to learn and find real solutions. The main reason this thread still have value to readers is to see that taking personal responsibility means you cannot say “yea it’s my fault but… “ no butts.

 

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[MJ DeMarco]

But I'm curious on how did you did it, MJ. Was it because of his username, or because of the thing he wrote in "reason for joining the forum"?

Yes, the "reason" field often tells me 100% of everything I need to know for new registrants.

 

[farmer79]

I just came to post with a hearty laugh, the OP asking “Do you even know what a black swan is?” in a thread where one of the main contributors is “Antifragile.”

 

[MJ DeMarco]

Your account was approved with much skepticism. I see after 10+ years of doing this, my skepticism was spot on.

This is an inappropriate forum post as both of your posts are solicitous (one was already deleted), and it comes from some stranger no one here knows, and has not contributed anything. Shall I delete your account since you won't get what you need from us? Or are you generally interested in keeping all these millions you seem to have made and for some reason, cannot hold on to?

 

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[Kak]

There is much for you to learn about the tax code

If I were a betting man, which I’m not, because I don’t much care for chance… I’d bet there isn’t much for me to learn about the tax code and this is bullshit short of you getting a gay whale marriage with someone that has gains to offset.

 

[Kak]

If there is nothing you can offer but a baseless opinion, why bother? Do you want attention? Or is it to try to provoke a reaction?

There was definitely some intentional shock value in that last line.

 

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[S.Y.]

have to say am surprised that MJ responded that much here...

 

[MoneyDoc]

If you've invested long enough, you know how hard it is to become successful and stay successful. I've been up numerous of times, yet every time I get to the millions, a black swan event happens to cause me to lose just about everything I have in less than a months time. Just about the worst thing that can happen to you happens to me every time I think I made it. This year is no different. If anyone is in the 37% tax bracket this year, let's work something out. I have a hefty 1.5M capital loss sitting to be gobbled up. I know its not the wisest choice for me, but it will save me a lot of time getting cash. If a whale is on here and they can help give me a lift, they will earn not only some cash, but a good friend who will help out when the tide turns the other way. Those are rare to come by. Message me if you're interested to help

I'm actually curious - let's say I'm your shining armour. What exactly do you want me to do?

I probably have an idea and MJ already tackled it, but I wanna hear your exact idea.

 

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