He had $306M. Now? Nothing.

Trader made $306 million in two years. Then lost it all. ͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­ Forwarded this email? [Subscribe here]() for more [He had $306M. Now? Nothing.]( Trader made $306 million in two years. Then lost it all. [Josh Belanger](joshbelanger) Oct 9 joshbelanger   [READ IN APP](   Hey there, Let me tell you about a guy named Christopher DeVocht. He started with $65,000 in 2019, trading Tesla options. At first, he nailed it. Over the next two years, his bets on Tesla took that $65K and turned it into $306 million. It’s the kind of rags-to-riches story we all dream about. But here’s the twist—he didn’t stop there. You’d think $306 million is enough, right? That’s generational wealth. He could’ve secured his fortune. Put some in bonds, the S&P 500, or real estate. He could’ve kept trading with a small portion of his wealth and lived a great life. But he didn’t. Instead, DeVocht doubled down, went all-in again, chasing that next big win. He wasn’t just being greedy—he went kamikaze. It’s like what Walter Abrams (Al Pacino) says in Two for the Money: “Us lemons… we f**k up all the time on purpose because we constantly need to remind ourselves we’re alive.” That’s exactly what happened. He wasn’t satisfied with $306 million. He was after the thrill. That next high. He thought the next trade would take him to $1 billion. And that’s when it all blew up. Tesla stock took a hit, margin calls came rolling in, and just like that, his entire fortune disappeared. Not because of bad luck, but because he’d crossed the line from calculated risk to reckless gambling. He wasn’t trading anymore—he was taking wild, kamikaze bets with everything on the line. The crazy part? He’s now suing his bank, claiming they gave him bad advice. But the truth is, this wasn’t about advice. This was about recklessness. Trading is about risk, yes. But risk is opportunity—when it’s controlled. The skill in trading isn’t just making money—it’s keeping it. DeVocht lost it all because he stopped managing his risk and let the thrill take over. As a trader, there’s a point where your portfolio grows so big that you have to scale back. You move some into safe investments—bonds, real estate, index funds—and you keep trading with a portion of your gains. That’s how you grow wealth while protecting it. DeVocht didn’t do that. He went kamikaze, betting it all. And now he has nothing. Here’s the lesson: It’s not just about making money. It’s about knowing when to lock in your win. Don’t chase the next high after you’ve already won. Take risk, but don’t let it turn into recklessness. Because at the end of the day, smart traders don’t blow up. They know when to stop. Trade smart, Josh Belanger You’re currently a free subscriber. Upgrade for the full experience and receive exclusive special reports like "How to Get Rich in The Stock Market" and "Congress' Secret Stock Playbook: The Top 5 Power Picks Revealed”. [Upgrade to paid](   [Like]( [Comment]( [Restack](   © 2024 Josh Belanger 548 Market Street PMB 72296, San Francisco, CA 94104 [Unsubscribe]() [Get the app]( writing]()