Would a $6.5 Billion Loss Help You Remember This Crucial Trading Lesson?

What could you buy if you had an extra $6.5 billion?

I did a little research, and have a few suggestions:

  • You could but a brand new Porsche Boxter for every man, woman, and child in Connecticut’s capital city of Hartford and have $91,364,000 in change.
  • You could fund the total economy of Kyrgyzstan, Guinea or Somalia (by matching their GDP) and let everyone take the year off.
  • You could buy any of the following companies in cash:  Advance Auto Parts Inc. (NYSE: AAP), Teco Energy Inc. (NYSE: TE), and the makers of my favorite soy sauce – Kikkoman Corp. NPV (OTC: KIKOF)

The bottom line is, $6.5 billion is a lot of cash.

Almost unfathomable.

But what if I told you that 11 years ago, that same amount was lost by the Amaranth Advisors LLC hedge fund in the space of one week.

Branded as the biggest hedge fund collapse in history, the culprit behind the fund’s demise boiled down to one tragic mistake.

Brian Hunter – the trader that single-handedly accounted for the largest hedge-fund meltdown since records began – ignored one of the most important lessons you can learn as an investor – Proper position sizing. 

Proper position sizing is widely overlooked among investors – making it a potentially disastrous – and costly- trading lesson.
Fortunately, for us, our 10-Minute Millionaire system is designed to save us from making the same financially catastrophic mistakes as Mr. Hunter.

And today, I’m going to show you how by taking a closer at the all-too-important lesson this Wall Street disaster has to teach…

With This “Houdini” Exit, We’re Compelling More Profits Out of This Illustrious Trade

Harry Houdini is still one of the most recognizable names in the world. 

And that’s quite a feat, considering that the 91st anniversary of his death is coming up on Halloween day.

I bring Mr. Houdini up today because when I look at our favorite Pop & Drop play – Columbia Sportswear Co. (Nasdaq: COLM), I find an eerie similarity to this great “escapesman.”

Houdini reached a certain level of notoriety with an escape act that included breaking out of handcuffs and jail cells all over the U.S. and Europe at the turn of the 20th century.

But when he upped the show-biz ante to death-defying feats submerged in diverse bodies of water like rivers and lakes to a massive, on-stage milk can, his fame and fortune as an escape artist became legendary. 

The pinnacle of his escape acts involved the now-famous Chinese Water Torture-Cell where he was suspended by his feet and lowered upside-down into a glass cabinet that was locked and filled with water.  The escape required him to hold his breath for more than three minutes. The performance was so daring, and such a crowd-pleaser, that it remained in his act until his death in 1926.

Houdini was known to possess an unusual amount of strength and flexibility combined with a masterful skill at lock picking that he used to achieve many of his escapes.

But to this day the exact method Houdini used to escape the infamous water torture cell remains a secret.

And that’s where his famous exits and our profitable ones part company.

That’s because I’m committed to teaching all 10-Minute Millionaires exactly how we make these profits.

And I gave you the key piece of information about our “Houdini-like” exit on Columbia back on the very first day we entered the trade.

Let’s see how this little bit of magic happened

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