I got robbed by Tik Tok traders!!

spinn said:
Another angry genius who is losing money trading. Thanks for stopping by. I traded QQQs not NVDA. BTW my win rate is around 90%, is yours?
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:D:D:D Is THAT what it takes for you to soothe your butthurt? Imagining that anyone who knows more than you loses money the same way you do? Awww.

My win rate is whatever I tailor it to be. You're too stupid to know that a win rate is always coupled with a risk/reward ratio, and the product of the two is what matters... quite the self-own to admit to in public, but then you just can't help yourself, can you?

You're utterly ignorant about trading, piling one stupid mistake on top of another, and wondering why you lost. If it was just a matter of correcting one or two items, someone could help you; as it is, and coupled with your brainlessness and obstinacy, you're a lost cause. All that's left is to sit back and watch you crash and burn.
 
Cabin1111 said:
Is it just me??

When the first three words are "So I shorted"...The thread is not going to end well...
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Shorting can be the appropriate strategy; nothing wrong with it per se . I mean, those covered call trades you love are synthetically equivalent to short puts, so... :sneaky:

But shorting the Qs during earnings for a rocket like NVDA, and having no protection against a big price move - yeah, that's not something with much longevity. Typical "tree munfs ago I coludn't spell 'tradooor' and now I are one" behavior.

Not that I mind; when I look for stupid money to trade against, these types provide it.
 
Overnight said:
A nearly 20-year member on this forum, and you come up with this...

..."If I had held it and it closed at $456 against my $459 strike wouldn't it expire worthless and I get the full $1.20 per contract?..."

After all that time here, you still ask stupid questions, and then call BWS an angry genius who is losing money?

After you claim a 90% win-rate?

What the hell is the problem then? Did you win some or lose some?

You need music.

Listen carefully to these lyrics, for they apply to you.

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I don’t understand that too, the OP has had access to Lord Dest’s option wisdom since Lord Dest has been here along with other godlike traders.


 
spinn said:
So I shorted some $459 QQQ calls expiring on 5/15 priced at $1.20. NVDA was reporting earnings that day but I thought I was safe because it was after the close. At 3:50 pm they were trading at about $0.30 and the qqqs were at $454 well below the strike price. It was weird to see them at even $0.30 this close to closing. Then they started to fly. The price of QQQ was not moving but the options jumped so I got out at about $1.00 wiping out almost all of my profit. The QQQs started to head up, being around $456 at 4:15 closing for ETFs. Still well below the strike price. But the last print I saw on the option was $0.98. If I had held it and it closed at $456 against my $459 strike wouldn't it expire worthless and I get the full $1.20 per contract? Thousands of idiot gamblers seem to have lost on this trade but I want to make sure I completely understand this, even though it will probably never happen again.
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I have checked this several times and I still cannot understand how you were robbed and how by TikTok?
 
PrestonRiver said:
I have checked this several times and I still cannot understand how you were robbed and how by TikTok?
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