Trader turned 12K into 6 MM by buying and holding Tesla calls since 2019

With the expect inflation, you might make it, but still won't be able to buy a bar of chocolate

 

Definitely will. I guess ET will be one of the first to know! Give me a few more years.

 

Skills and account compound. So if I can bang out low 7 figures then nothing stopping me to compound to multiple 7 figures annually.

Inflation is always a big threat.

 

I think 2 other things are more important: balls and stamina/conviction.

Balls to bet a small account on his DD, and conviction/staying mental power that he has been right and not cashing out too soon.

I mean the guy was up at 1.2 MM at one point, a 100 bags return but he was convinced that he is right and kept holding (stamina). He did drop 1 MM but he kept holding through the downturn and eventually got a huge pay off.

 

What the hell kind of call is $1 6-12 months out. We're these deep otm calls?

 

I am going to repeat this but with Nikola.

Nikola is currently out of favour, but will be $1000 this time next year

 

I wonder how the famous TSLAQ folks are doin.
Based on their theories, Musk should be renting a tent by now, somewhere in the skidrow.

 

Only a threat if you have savings, I'm fine ignoring trading account down to £60 LOL

Yes withdraw 1K Wednesday, nearly made 1K last few trading days so all is stable.

 

Yeah, the cost was $1.25, so it was really OTM (strike 690). He has a video explaining the trade, if you really care. Expiration was 2021 January. He bought it on Aug 1st 2019.

 

They split 2 for 1 so be $840 so Value $150+ currently, over 100x's pay out, SWEET!!