Trader Closes Leveraged Nasdaq 100 Position with Loss
A prominent trader closed a leveraged Nasdaq 100 position at a loss of approximately $300,000 after initially showing a floating profit of $580,000. The position, held at 10x leverage, was worth $21.1 million and closed at $25,291. The trader also closed a profitable copper futures position, realizing a gain of $360,000. Overall, the trader's total position size has decreased to $4 million, with a weekly loss of $2.9 million, now focusing on long positions in Intel and Micron.
