Reddit trader behind GameStop rally says he lost $13M in one day

[ZBZB]

I think elitetrader website should create its own WallStreetBets forum. It's about time.

Post your trades in the journal section. Include loss gain porn.

 

[gkishot]

Post your trades in the journal section. Include loss gain porn.

Is this the way to move the stocks and the markets? Is this how Reddit did it?

 

[ZBZB]

Is this the way to move the stocks and the markets? Is this how Reddit did it?

It is what WSB was about before last week. They were buying a lot of spy puts at the March low and screenshooting the gains losses from Robinhood.

 

[Pekelo]

No such thing as "casino" money. All PnL is real PnL and it's all YOUR money. Only a fool and/or a degenerate gambler lets a 47M stake turn into 13 on the pretense he cashed out some predetermined stake.

With the same logic he could have cashed out at 10 MM or 20 MM, and the position would have never reached 47 MM. You have 20/20 hindsight, he thought GME would go to $1000 or whatever. Nevertheless, he is set for life, whatever happens. And the leftover of the position is still worth MORE what you have ever made.

Not to mention the fact that he is still richer than 98% of us, so there is that....

 

[Butterfly]

if he had cashed in at 20M, it wouldn't have reached 47M, everyone would have bailed and let the market reprice accordingly to the fundamentals