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How one investor’s Amazon misfire led to a 99% loss in his trading account

From marketwatch.com

If you’re feeling bruised and battered by this whipsaw stock market, you might consider heading over to Reddit’s “WallStreetBets” board. You’ll find of plenty of company in your misery. One options-flipping YOLO’er by the name of MightBePresident, for instance, shared his story of a wildly volatile, and ultimately devastating, year of trading. Check out the chart he just posted: Yes, $4.81. Just enough for a Double-Double, hold the fries. As you can see, it was looking pretty good there for a while. Buying puts on Netflix NFLX, -0.32% before the stock got hammered on earnings gave him the upward spike. Then he says ... (full story)

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  • Category: Entertainment News