Nosebleed trading from $35,000 to $1,000,000

[TheGoonior2]

Riding something to -90% is not "cutting your losses".
Also, 100+ calls on NKLA when you've got a 35k account sure sounds like full-on YOLO retard trading to me.

He's a gunslinger who got lucky in a high volatility environment, so it makes for great press.
Pure survivor bias. They never write articles about the 500 people who blew up after the first 100 contract.

Fun to watch, and impressive for sure, but I doubt he can keep that full throttle for the long term.

 

[TimtheEnchanter]

I sure as hell can not trade like him. You trade different with the house money (he took off 50k). If we never hear of him you know what has happened, or he could be a hedge fund manager in 2021.

 

[JSOP]

He is lucky also that he's picked all the right stocks that did relatively better during the pandemic.

 

[JSOP]

Riding something to -90% is not "cutting your losses".
Also, 100+ calls on NKLA when you've got a 35k account sure sounds like full-on YOLO retard trading to me.

He's a gunslinger who got lucky in a high volatility environment, so it makes for great press.
Pure survivor bias. They never write articles about the 500 people who blew up after the first 100 contract.

Fun to watch, and impressive for sure, but I doubt he can keep that full throttle for the long term.

Unless he hedges which he doesn't right now

 

[smallfil]

Most of what he does, 70% I do in my trading. Only huge difference is the risk management and total amount risked. He is risking 25% maximum on each trade which is a lot. I probably, can get a decent return raising my position size with gains from my trading. Not as impressive but, probably, will give decent returns over a longer period of time.