The broker won't care. Broker exists to collect fees. My guess is that the guy only had $10k three years ago. Easy come, easy go. Probably made most of his money in bitcoin and then got out at the right time. That's how gambling works.
This is the result of poor risk management and position sizing, which happen to be basic skills for a competent trader. I too sold TLRY naked calls when it was trading at around $200, but I sized it in such a way that I would lose no more than 5% of my account even if the stock went up to $400, the R/R wasn't the best but I figured that the crazy high IV coupled with the fact that the stock had already gone parabolic meant that it was a high probability bet.
Yep live by the sword die by the sword. Nobody can turn a 10k account into an 800k account without taking some crazy risks and leverage, these guys will ALWAYS blow up at some point, its written in the math.
If you do start a trading journal, it is for your own use to monitor your performance and determine if you have an edge. Under no circumstance should you post anything on Elitetrader especially, a trade journal. A good trader was hounded and harassed by trolls and BS artists on Elitetrade due to envy and jealousy. Whether posted on Elitetrader or not, a good trader will still make his monies! So, what did the trolls and BS artists achieve? Nothing!
Well, if you're so comfortable in your surety, then you surely must know how to use the search feature on a forum like this. Work for it, as I won't do the work for you.
Well, since you can't even seem to quote a reply properly, I guess I do have to do the work for you. Hopefully it will temper your smarmy puerile attempts at humor, which you think makes you seem clever. https://www.elitetrader.com/et/threads/and-they-have-a-plan-live.306838/
I'm not going to fill the journal thread with a tangent involving an answer to your question of... I am not on an "attack" per se, but more a defensive stance with your idea of spoofing. And my brain is fried from reading stories like yours and so many others. Well, yes, your booms and busts seem even crazier than mine for sure. But if you do decide to post real a money journal, just assure and prove that it is honest. It will not be ridiculed. Mine was, and I squelched that shit right quick.
I am not sure if anyone really understands the situation the marekt is in right now. Due to the microstructure..it is at risk of literally imploding which means that millions of people will have no real way to create wealth slowly. Now it may sound far fetched. But if you want to limit the elite. The have's from the have not's and you want to basically freeze time (money wise). then you kill the stock market and you kill competition and you kill wealth appreciation logn term by those who can only make large sums by slowly investing. I believe HFT and algo's are doing just this very thing and the creators may not even undeerstand it at this point. But, if you were programmed to use artificial intelligence and machine learning and you were told. at any cost to secure profit and monopolize the market then you would have a master plan you would carry out that would "end or win" the game. If this is a "game" tot eh algo's then winning would mean having the most money and shutting down the game..otherwise it never ends and you keep working towards an unachievable goal. If you are A.I. or even human you can realize that if you hut down the market or get others to not invest and during the process you make a killing then in the end you have ULTIMATELY won. OR if the Government or the fed wanted to RESET the usa economically or it's currency issues then a complete collapse of the market with a blame on recession and massive flash crashes would do the trick. Don;t you think it is suspect that they sec cftc really don't know what caused all fo the flash crashes.. HOGWASH. anyway I do not spoof and my point is the algo's are spoofing, layering, and creating moentum ignition a lot whihc are all illegal and disruptive but since algo cod eis considered INTELLECTUAL PROPERTY the sec and the cftc have never been legally allowed to pry into them!! so we human retail investors need to get smart and make it while we can and make it difficult for the algos to GAME US all the time. Palcing and cancelling orders is not illegal.