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Another failure of Rafał Zaorski. He lost almost a million zlotys in a few hours

Dov Herman
Naked Markets



Rafał Zaorski. Source: YouTube, Adventures of Polish Entrepreneurs, financial speculator and influencer Rafał Zaorski, informed on Friday after the opening of the US session that he bets PLN 220 million on the rise of the US NASDAQ technology index, assuming the position will close at 22:00. Unfortunately, on Friday the index plunged over 4%, and Zaorski closed the position as planned, with a loss of as much as 900,000. PLN, about which he informed his over 165,000 followers on Twitter.

Zaorski took a position on Wall Street during Jackson Hole and was wrong

The Fed chief reiterated in Jackson Hole that the Federal Reserve must continue to raise interest rates and keep them higher until it is sure inflation is under control. That means Powell remains hawkish. The words of the head of the central bank did not impress the market much. Powell admitted that the size of the rate hike in September depends entirely on macro data. Therefore, the next labor market report and CPI inflation (September 13) will be particularly watched by the markets. The Fed chief also mentioned that history warns against premature monetary easing.
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In the meantime, Rafał Zaorski on Friday, August 26, 2022, announced after 4:45 PM that he had opened a number of long positions with a total value of PLN 220 million on the US NASDAQ index. The speculator assumed that he would hold positions until the end of the session, ie 22:00, and perhaps longer (over the weekend). At this point, we remind you that all interested parties can follow his actions live on Zoom.
NASDAQ index daily. Source Tradingview This time the speculator made a mistake and closed his long positions as planned just before the end of the session with a loss of 900k. PLN in less than 6 hours.

Rafał Zaorski regularly boasts of high earnings in the markets

For Zaorski, the profit of PLN 1.6 million on EUR / USD is not the first. In recent months, we have heard many times about his large transactions also in other asset classes, including cryptocurrencies. In May, they allowed him to earn a considerable 44 million zlotys.

In June, we wrote about the fact that he took another 13 million from long positions on the stock market, and more precisely on the DAX and NASDAQ indices.
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