The Mods on WSB checked his account and story, it’s heartbreaking seeing a guy who was begging for money a year ago on loan forums and scam forums blow himself up.
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I'v been reading r/WSB since 2015 and there are so many stories like this one. I think someone who has the audacity to let winners keep rising doesn't really know when to stop and take the money & run. These are really gamblers and not really investors. That's why they love options so much. They use it as a way to get more leverage whereas most of the topics on the ET Options section are about iron condors & call writing. I enjoy reading the "degenerates" and their crazy tales of 1000X gains only to lose most of it in the end. I once won 13 straight hands in Black Jack in Reno when I was in college. I took $50 to $8000 and lost $2500 (+$500 tip to the dealer) on the last hand, however I walked away after that hand.
Yea the reward is beautiful when right but not worth the risk. I would have taken that 900k and just went all in on spy and just sit back the next handful of decades and collect free money.
If he posted he took $1,000 to $20,000 (ignore the $900K part) in a year, we all say he is a great trader.
No risk control no control of position sizing, just total swing for the fences every time, it's just retarded.