Quote:
Originally Posted by TheMVP
Pretty cool but plenty did this in the 2017 crypto bubble and lost it all.
Balina went from $50k to over $5m and back to effectively zero.
Didn't read the whole thing so maybe he is cashing out most of it but if not we can assume he'll give it all back playing with nonsense like NKLA.
Quote:
Originally Posted by dkgojackets
It makes sense. No one using robinhood casually is going to notice a couple cents a share.
Everyone is just reading the r/wallstreetbets success stories of guys who turned 50K into a million getting lucky on nikola calls two months ago.
Ignoring the other 350+ trades in the trade log, does him trading Disney puts for a big gain make him "a more sophisticated investor"?
NKLA is a meme stock and he admits as much, those are incredibly tough to call a top.
He made more on AMZN calls than NKLA recently, and put considerably more at risk in the AMZN trade. If he's going to blow up, it would likely be due to trades like that.
Quote:
Originally Posted by dkgojackets
Also am I a complete idiot for putting ~25K into SDOW/SPXU yesterday? Yeah stonks only go up etc. but just really feels like we should hit a sharp drop within the next week or two or so given the covid disaster happening in so many states. Doesn't seem like a bad short-term hedge
You know those things decay due to the leverage, right?
Last edited by donfairplay; 07-09-2020 at 10:45 AM.