Tesla's hidden billionaire: How a retail trader made US$7 billion

[BKR88]

https://sg.finance.yahoo.com/news/t...ATcAJBdsjcK_foGuT5DiglNctwyuLVA7zp6NnMJx_KFz6

 

[otctrade]

More like bored billionaire buys shitload of Tesla and gets lucky

 

[qlai]

More like bored billionaire buys shitload of Tesla and gets lucky

Right, I love guys who brag about trading and when you ask them how much of their net worth they are playing with, it’s irrelevant to their lifestyle. It’s like trading on simulator where if you win you are a genius and if you loose, just press the reset button - meaningless.

 

[nursebee]

How profitable is the mindset of the haters?

 

[qlai]

How profitable is the mindset of the haters?

How profitable is the mindset of self-proclaimed King of the Idiots?

 

[nursebee]

How profitable is the mindset of self-proclaimed King of the Idiots?

Very!

 

[Scataphagos]

Right, I love guys who brag about trading and when you ask them how much of their net worth they are playing with, it’s irrelevant to their lifestyle. It’s like trading on simulator where if you win you are a genius and if you loose, just press the reset button - meaningless.

Reminds me of years back when Fidelity Select funds allowed hourly trading... some guy got some ink for "knockin' 'em dead" for a while. When asked how much of his money he'd committed to this trading, he said, "3%". And where was the rest of his money? T-Bills.

 

[otctrade]

How profitable is the mindset of the haters?

The headline of the article is misleading.

also

Then markets cratered and his stake was almost wiped out in a cascade of margin calls.

 

[traider]

More like bored billionaire buys shitload of Tesla and gets lucky

The question is why are billionaires bored? Was being a millionaire actually better?

 

[otctrade]

He was already a billionaire before he started doing his own investing in 2019.