WBets Trader Turns to God After Destroying His Inheritance

Discussion in 'Options' started by Nobert, Aug 26, 2023.

  1. Nobert

    Nobert

    It might be that the article/news were shared before, yet, this is a visualized presentation of how one becomes a believer, -

     
  2. Great video Nobert,

    I think the trader did a good job, he took a risk and loss. Better than not risking at all.
     
    Nobert likes this.
  3. newwurldmn

    newwurldmn

    Are you insane. He was trading the wrong tickers, had no idea how options worked, and over levered.
     
  4. Hello newwurldmn,

    No, I am not insane.

    Every trader will not win.
     
    vanzandt likes this.
  5. vanzandt

    vanzandt

    No you're not.
    A million miles from it actually.
    Idiots will miss it every time. :thumbsup:
     
  6. newwurldmn

    newwurldmn

    this guy pissed away found money. He had no chance of ever earning 600k again and he bet it all on one trade. Worse he was betting size on tickets he didn’t understand. This was worse than gambling. This wasn’t trading.
     
  7. destriero

    destriero

    First off, the YouTuber thinks a CC is a bear position.

    Kid is putting his entire account in atm verts based upon a feeling? Some absurd GOP fever dream about Nancy Pelosi and talking size that AAPL trades in 10 seconds?

    Highly unlikely that any lender gave a 19yo 100% of the kid’s half interest (YouTuber stated 80-90%). I’d say the odds are exactly zero.

    Clearly the kid was trading before his 18th birthday on his own SSN with full option rights?

    it’s a troll.
     
    Last edited: Aug 27, 2023
    newwurldmn likes this.
  8. ironchef

    ironchef

    Didn't you mentioned some times ago that your kid was trading options at a young age?
     
  9. Businessman

    Businessman

    Are liar loans/no doc loans, still a thing in the US. They were banned here in the UK after 2008. Lenders will let you take a 500K loan on a 600K house, but you got to show at least 85K a year income to get it.
     
    Last edited: Aug 28, 2023