Yeah, thousands or tens of thousands of people “tried” to do the same thing over this time period, but it’s like picking your brackets for the NCAA tournament. You might as well throw shit at the wall and pick based off that and someone’s shitstain is going to be the lucky one
It clearly goes back earlier tho. He sold a $900 Netflix call on 1/22 but there’s no page of him buying that call. But he clearly is legit on this run he just didn’t show back to the $800 start
this is why people lose so much money on this sub. they don't know math. initial positions profits dont match the $800 to start with, even AFTER losing $100 on his first trade.
I may be wrong but I am a regard, maybe someone could point out where I’m wrong if I am … Starting a robinhood account with only $800 he would have to be on a cash account and would be limited with his ability to buy and sell on the same day, with a cash account it takes a day for funds to settle and you’re only limited to 5 “day trades” in one week so I don’t think the timing lines up for this to truly have been started with only $800. I know this because I have started with only $500 and it’s almost impossible to buy calls and flip them this consistently without the account being flagged .. he is showing his realized profits and losses but he is not showing us when they were bought and for how much .. his first profitable trade was for 9k with a 182% profit meaning the initial investment on that call alone was about 5k .. how did he get from $800 to 5k?
I am convinced that all of you lose money because you don’t even know how brokers even work. I have a cash account and I day trade almost every day. If you buy a SPY contract and you put up $100 to buy that contract, you only use $100 of your buying power. That settles the next day and you can use it again +/- any gains or loses.
He could take 4 trades of 200 dollars and close them all same day, so it’s very possible. Then the cash is settled overnight and fully available next day.
Pretty easy on the right side of the trade, especially with volatility, just near impossible to replicate. E.g. if you had $800 today, someone contracts on Spx intraday went $4 -> $34 today.
I read his post title as he started with $800k instead of just $800 and was thinking where the heck are all of the losses. Finding your comment finally cleared that up for me.
It wouldn’t make sense because the profit on that trade was 182% which means his initial investment was around 5k in order to make 9k .. I think he left out the early trades .. if I’m wrong I would def need an explanation lol
Its the trading timeline idk if it would work out, he would need a margin account to make all those trade so close together and you need 25k to day trade with a margin account
Man i don’t understand it. I’ve tried every combination of options. Holding leads to losses, selling leads to losses, short trades losses, long trades losses. Straddles losses. I haven’t made any money from options and can’t figure out what I’m doing wrong.
(Yes I’ve made a couple bucks here and there, but doesn’t come close to making up for my losses)
Fuck you, congratulations. Do something nice for yourself, pay your taxes, and try to only lose half of the million dollars you might aspire to with luck like that.
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u/VisualMod GPT-REEEE 18d ago
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