Carpenter Christopher DeVocht from the Sooke community of British Columbia, Canada, is among the few day traders who have grown thousands of dollars to hundreds of millions in a short span and then lost it all. DeVocht started as most traders do, following trading forums and backtesting strategies, but little did he know his C$88,000 ($64,760) in late 2019 would grow to $306 million in two years. DeVocht loved trading Tesla Inc. stock options, and despite timing the market correctly, which resulted in monumental returns, he didn't cash out. Soon after, he was compelled to sell all holdings to repay loans from his brokerage margin account. DeVocht's massive losses led him to file a lawsuit with the Supreme Court of British Columbia in Vancouver.
