from Hacker News

Redditor makes $8M on a perfectly-timed $150k Tesla trade

by fluxic on 2/6/20, 8:25 PM with 15 comments

  • by ericcholis on 2/6/20, 8:49 PM

  • by joenot443 on 2/6/20, 8:45 PM

    "The moderators of this subreddit have set it to private. You must be a moderator or approved user to visit."

    Not much use posting this if most HN users can't actually read it.

  • by fluxic on 2/6/20, 8:50 PM

    Business insider link since the sub got put private: https://www.businessinsider.com/reddit-trader-claims-make-mi...

    This was from yesterday; trader claimed he had puts on the stock at its peak, and doubled-up from $4M to $8M

  • by pjc50 on 2/6/20, 9:19 PM

    Every single day there's probably somebody who puts a huge amount of money on a roulette square and comes out with a 36x return on their money .. for that day.

    If this unsourced account is true, it must have been either heavily leveraged or an "accumulator" of a number of trades which had to come off perfectly. And with leverage you can lose more than you invest...

  • by 1337biz on 2/6/20, 9:09 PM

    Wallstreetbets is the 4chan of investing. I would take that with a grain of salt...