Trader turned 12K into 6 MM by buying and holding Tesla calls since 2019

[SunTrader]

Yet more Reddit rubbish.

 

[IamTheCasino]

I am going to repeat this but with Nikola.

Nikola is currently out of favour, but will be $1000 this time next year

cant wait to see your post Jan 2021 saying how trading isnt for you and you are taking a break. Ya know, after NKLA gets delisted. lmao

 

[TimMykes]

Think everyone that hits the lottery should post about how they had faith and how they divined the lucky numbers

any imbecile can buy Tesla calls and sit . one did

 

[TimMykes]

ps, its a great myth that you make 100-1 or 1000-1 on options.

unless the gain is overnight , you are really rolling over each days total net gain into the next day.

so if you're up 10x , its a new bet , and you get to 100x off of that level , which is another 10x

few realize this . maybe no one

 

[Pkay]

ps, its a great myth that you make 100-1 or 1000-1 on options.

unless the gain is overnight , you are really rolling over each days total net gain into the next day.

so if you're up 10x , its a new bet , and you get to 100x off of that level , which is another 10x

few realize this . maybe no one

Mmm. At the end of the day it's all a massive gain whichever way you look at it. The OP had the foresight and courage to make the trade and then hold. Most cannot do this.

 

[misterkel]

Sounds easy, but need a 100bagger from my level of poor!!

Duh! Then you just long the OTM options at 1 Standard Deviation.

 

[Turveyd]

Duh! Then you just long the OTM options at 1 Standard Deviation.

Ahhh sweet, so obvious *


* Can anyone explain what any of that means except OTM!

 

[misterkel]

Ahhh sweet, so obvious *


* Can anyone explain what any of that means except OTM!

C'mon, T - you know what longing options means, right? I should have said buy the Calls.
1 Standard Deviation means the expected move (up or down - it has no directionality) within a 68% chance. Using SD's to trade can be quite cool because markets do not fit into the Bell Curve patterns statistically, especially at higher SD's. Certain stocks make 7-8 sigma moves every few years, but statistically, that should not happen until the universe ends.
Yeah, it's hard to play, but it's there. A good automated trader that was strong in stat analysis could probably pull off a career there.

 

[TimMykes]

Mmm. At the end of the day it's all a massive gain whichever way you look at it. The OP had the foresight and courage to make the trade and then hold. Most cannot do this.

maybe

you could say the same about lottery winners

lets see if he keeps it

 

[anycolour]

Great call!

I think one of the BIGGEST downside to daytrading is that it WIRES your brain to think short-term. In and out all day long. I would safely put myself in the top 1% of daytraders because #1 I'm net positive(LOL) #2 I regularly make low 4 figure days. But had I develop long term skills(which I could have but instead I spent my time honing my short term trading and timing skills) then I could make these kinds of 10 - 100 baggers.

oh well. One way or another I will get to 7 figures just not like that guy.

I'm just starting to get better at short-term. Do you think one can become good at both short-term and long-term skills? Or is it better to specialize in just one?