Trader Loses $377,000 Day Trading TSLA

[IamTheCasino]

Which is $2,000,000. Is anyone here putting $2,000,000 in one trade?

If he made 1mil a month this month alone. Along with all the other months/days where he is making 20k day, 350k a day.....2mil is nothing.

Depends on the stock. 20$ stock at 5k shares is 100k. So idk where you got this 2mil number from to begin with

All he does is penny stocks.

 

[farmerjohn1324]

If he made 1mil a month this month alone. Along with all the other months/days where he is making 20k day, 350k a day.....2mil is nothing.

Depends on the stock. 20$ stock at 5k shares is 100k. So idk where you got this 2mil number from to begin with

All he does is penny stocks.

TSLA = ~$400

 

[IamTheCasino]

He doesnt trade tsla all the time. Thats a rare occurrence. but my statements still stand. IF he makes as much as his videos claim 2mil aint shit.

most of it is probably leverage. and lets just say he lost it. He would just have to grind until he made it back. He uses a premium broker and they know his trading history. They would prolly allow him to earn it all back, which he probably would be able to, instead of margin call him.


There are people on wallstreetbets that have 2mil buying power in Robinhood. Im sure this dude has plenty of buying power if his statements are to be believed.

 

[JesseJamesFinn1]

https://twitter.com/x/status/1308860881015627776

I made cash on SPI through a ton of trades and doubt Steve was swinging size that hard. My friend with a $20 million account played with 25,000 shares while Steve probably bought 2,000,000 shares at $5 without impacting price and selling at $46.5. He's just being modest telling us he only made $400k!

 

[JesseJamesFinn1]

Although...

If I buy naked calls, isn't the time decay going to ruin me most of the time? How to avoid that?

How do you buy a naked call or put? I am new to options and did not know you could buy naked calls and puts.

 

[farmerjohn1324]

How do you buy a naked call or put? I am new to options and did not know you could buy naked calls and puts.

My brokerage (Charles Schwab) allows me to do this but it requires a large maintenance margin.

 

[Nobert]

72 minutes? Sorry, can't do it.

John was that a joke ?

I listened around 30 or more of those. And it was a pleassure of discovery.

 

[newwurldmn]

What is madaz’s motivation for running a chat room if he’s making 200k a day?

Don’t say it’s to make additional income on the side.

 

[trader99]

Which is $2,000,000. Is anyone here putting $2,000,000 in one trade?

I don't have that kind of buying power in my account! at least not yet. hehe

In his recent TSLA trade, he had 11K shares which comes out to $4M on TSLA. Albeit he was in in the trade about 5-10mins.

 

[SunTrader]

What is madaz’s motivation for running a chat room if he’s making 200k a day?

Don’t say it’s to make additional income on the side.

LOL shhh shhh gets in the way of a good story.