The trader we were following wrote that he is "completely broke"

This is the guy who pumped his account to $100 million and opened a long position of $1 billion with 40x leverage.

(However, he is still shorting some "peanuts" now, so "broke" is a relative term 🥤)

As Warren Buffett said: "There are only three ways a smart person can go broke: alcohol, women, and leverage."