Trader Loses $377,000 Day Trading TSLA

Discussion in 'Wall St. News' started by realtrades, Sep 21, 2020.

  1. qlai

    qlai

    Last time he said it will take him two weeks, it took him two days. The guy got balls. Stuck around to answer members' questions like nothing happened. That's some mental stability.
     
    #121     Oct 9, 2020
  2. realtrades

    realtrades

    Manipulation, scam.

    What are things a noob trader would say after a loss? For a $1,000 Alex. :D
     
    #122     Oct 9, 2020
  3. qlai

    qlai

    Did he post how much he lost?
     
    #123     Oct 9, 2020
  4. traider

    traider

    I find it easy to get over sim losses.
     
    #124     Oct 9, 2020
  5. qlai

    qlai

    Why are you so sure it's sim? The guy is only trading when there's plenty of volume and he is mostly using passive orders.
     
    #125     Oct 9, 2020
  6. harami

    harami

    Ouch.

     
    #126     Oct 9, 2020
    themickey and qlai like this.
  7. SunTrader

    SunTrader

    Yup he got "scammed". Bet he goes back for seconds.
     
    #127     Oct 9, 2020
  8. SunTrader

    SunTrader

    :D
     
    #128     Oct 9, 2020
  9. trader99

    trader99

    This is why I stopped being his sub after 2 months. While he can put up big numbers, he needs to work on his risk management.
     
    #129     Oct 9, 2020
  10. qlai

    qlai

    I was thinking about this as well. I don’t think it’s easy to do with his style. He averages down and 90% can get out with a profit (according to his stats) On rare days that he can’t, he is taking oversized loss. If he reduces size, he may miss opportunities and it may take him forever to dig out. The question is - what will he do if he gets a few of these days in a raw? It will be interesting to watch how he gets himself out.
     
    #130     Oct 9, 2020
    TrailerParkTed and trader99 like this.