> If your strategy makes a lot of money for years, but then loses more than anything you've ever earned, it's a crappy strategy.

Depends who's money you're playing with. If you profit on the way up and only your customers lose on the way down. Then high-risk strategies are (unfortunately) always better.

My trading strategy has never made me billions nor lost billions. Yet I kinda feel like there's a solid possibility many of these fools will end up waaay better off than me. Assuming they can stay out of jail.