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Imagine TPing on your alt after a 20% pump when there are people on /r/wallstreetbets turning $40k into $1.4m trading $TSLA
(OP: https://www.reddit.com/r/wallstreetbets/comments/ey9ekr/tsla_tendies/ …)pic.twitter.com/d8XfoHXuQg
P.S. - Since I can already hear the pitchforks being sharpened. 1. This was a shitpost 2. 40k into 1.4m is the anomaly, not the norm. Norm would be quite the opposite. 3. There is nothing wrong with taking profits as and when you see fit You can put your pitchforks back now
Haha very true. Great example of not taking profits too early!
ppl on wallstreetbets also turning 1.4m into 40k
Anyone ELI5 which financial instrument is being used to turn 40k into 1.4 million? Options?
Yes. You can see he bought many contracts for less than $20. Now they're trading, he can sell those options at $300 (the price). Keep in mind each contract has 100 shares in it, and he has 47 contracts.
I sincerely hope this guy takes profits Wishing him all the best lol
Something tells me this has jan 2017 written all over it and those unrealized gains will be nothing but a distant memory
jan '17 had the biggest bullrun ever for another 12mos
Before you guys get up in arms.. He's kidding. Relax.
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