This crude oil short squeeze is terrifying, another big shot taken down. The well-known trader on Tonghuashun, 'New Era 21st Century King of Limit-Up,' started shorting Shanghai crude oil on September 1st, kept adding to his position despite floating losses, but Shanghai crude oil surged crazily with a premium. In the end, that final 12cm giant green candle wiped him out completely—over 100 million gone, principal and profit all blown up. Trading against the trend is just too scary.