That is correct.
Trader Loses $377,000 Day Trading TSLA
- Thread starter realtrades
- Start date
That is correct.
If you already own the stock your maximum loss and maximum profit on your short call option are now both limited.
But the option is weighted at 100x more. So I'll save 1%.
He always does, funny how that works right?
And if he were not to make it back, that's ok too, because the subs he sells can bring in I would say 20k a month easy?? Although he claims, he's breaking even with that with the costs associated, he's doing it to help people, sure.
So you don’t think he is helping traders? Not so long ago, the only way to have access to these guys was to join a prop/arcade firm. Now for a small payment from the comfort of your home ... How is it not awesome?
Have you seen the way he trades? Try it out and see if it works for you, buy a huge amount of shares at support, then sell the bounce, make a killing, or short a huge amount at resistance then sell the dip, make a killing, problem is support does not always hold, and resistance does not always get rejected, and you get killed if that happens, he's survives, because he has sub money coming in, and if you really want to help people, you don't have to charge $100 a month, there are a ton of free discords, chat rooms, live youtubers, twitch, on and on.
I recently joined his discord after following him on YouTube. I was in the chat the day of the loss and the day he made it up. I am pretty sure he can do just fine without sub money. Sub is voluntary and he is simply sharing the way he trades. You can either learn how to trade or how not to trade, either way it’s valuable, imho.
What's his YouTube channel?
You sure he's legit? I'll take your word for it if you say he is. But how old is he? How did he get the startup money in his account? Is it possible his parents have him a ton of money initially?
Again, if you call buying big or shorting big at support and resistance, and then turning around and closing the trade in seconds or minutes learning to trade, then good on you, he even admitted when called out, his strategy requires one to be super fast on entry and exit like him.