Trader Loses $377,000 Day Trading TSLA

Theoretically, stonks can go to infinity.

 

If you buy a naked call for XYZ (that is trading at $1), with a $10 strike expiring in a year, and in one month or 12 months the stock shoots up to $10,000, how exactly would you be ruined?

 

Did you get out safely since it traded up?

 

It's like em folks, giving bad mouth about Buffet loosing $125M on bet in Theranos or people in this case, (guy's followers) who gets over-excited by the numbers(or over-react in Buffets case).

https://www.elitetrader.com/et/threads/warren-buffet-got-scammed-on-125m.343930/

 

Battery day hahahah. A complete flop, after the stock has literally ran up on "battery day" hype and the possibility of being added into the s$p i don't see why anyone would fall for more future hyped up news. Lots of tesla bulls were hoping for historical highs above $500 today!!!!! Ooops

 

He made the money back, that didn't take too long

 

Yep, the press and traders rarely reports losses in percentage, it is not sexy at all.

 

It's easy to say something is obvious after the fact.