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27745038 No.27745038 [Reply] [Original]

This guy lost tens of millions of dollars because he bought into his own diamond hands meme instead of knowing when to sell, didn't he?

>> No.27745261

>>27745038
Yep. He also made like 13m because of his original thesis though so good for him. Hope he doesn't get drawn and quartered at the congressional hearing.

>> No.27745296

>>27745038
he cashed out 13 million from 50k

>> No.27745730

>>27745261
Oh he will and he will by reddit too despite not selling. So he should have taken the money and fled the country

>>27745296
He could have had 40. 13 isn't much by rich standards, he's poorfag rich now, he could have been middle class rich

>> No.27745821

>>27745038
when you make 15MM you can afford to lose tens of millions for the lulz

>> No.27745823

>>27745038
he GOT 20 million because he bought into the diamond hands meme

>> No.27745908

>>27745038
13 million is easily enough to retire on and live off passive income dafuck are you talking about

>> No.27745918

>>27745730
>poorfag rich
>middle class rich
you've been spending too much time on the internet, my friend

>> No.27745933

>>27745730
He was "we rent our home" poor before though so I'd still call it a win for him and his family.

>> No.27745947

>>27745821
c-c-can you? me think no.

>> No.27745956

>>27745038
I'm of the belief that he stuck to his own meme for 2 reasons
1. because he already cashed out so much it's like a rich man's gamble
2. to protect himself from seething ledditors
He bought in at like $15 so he can still cash out for millions more than the near 14 mil he already

>> No.27746054
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27746054

>>27745038
he probably shorted yesterday and made millions on the decline to 60, which is why he didnt post his chart and said he wont post any more

>> No.27746082

>Believes in GME
>hours and hours of research
>all-ins at 5 dollars with this belief and DD
>rockets up
>sells some to become a multimillionaire
>holds the rest because he still believes in his evaluation

Seems pretty fuckin based to me

>> No.27746131

>>27745038
How much did he start with?

>> No.27746145

>>27745730
He will make millions in books and movie deals. Many job oppurtunities ahead of him as well. He is rich af now. You are just spiteful basement dwelling loser. How much did you make on your best trade?

>> No.27746207

>>27745038
If he sells he gets targeted by the reddit mob and the government. They might leave him alone if he goes down with the ship. Smart man, the possibility of living a normal life is priceless.

>> No.27746220

>>27745038
He obviously realized that GME was going down when he was at 48 million, but he continued to hold to hurt the hedgefunds and keep GME "alive" to hurt them more. He doesn't need 48 mill so he can gladly take the losses, is my take.

>> No.27746251

>>27745730
>13 isn't much by rich standards

how stupid are you

>> No.27746257

>>27746131
50k then he put in an additional 700k

>> No.27746317

will something like this ever happen again?? or was GME it? AMC so far is turning out to be a bust

>> No.27746392

>>27745038

this is the only man who unironically likes the stock. he wanted to sell options, which he did, and now he has the stock that he unironically likes and probably wants to work at gamestop's board of directors or some shit

>> No.27746413

>>27746054
would be absolutely based if true tbqh

>> No.27746444 [DELETED] 

>>27746317
this is every week in crypto

worthless coin moons, people dump their bags, cash out at 10,100,1000x

>> No.27746451

>>27746220
But why sell for only 12 mill? Why not 20

>> No.27746506

>>27746317
It happened with VW back in the day, but I doubt hedgies are gonna be so bold now that they know retard retail investors on the internet can fuck them up.

>> No.27746511

>>27746451
anon what are you going to use that extra 8 mill on?

>> No.27746591
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27746591

>>27746054
In fact any thread at wsb asking him if he held any put spreads after the peak is almost immediately deleted for some reason.
The guy and the other actual wsb gainers would be incredibly retarded not to get in with at least a few k's worth of puts.

>> No.27746607

he was given legal advice (threatened) that if he sold the SEC would be dragging his ass to prison

>> No.27746650

>>27745918
>>27746251
spotted poor fags. Thats poor when you actually want to acomplish things in life besides buying cheap cars. Have you actually tried to budget stuff with 10million dollars? it goes faster then you think

>> No.27746671

>>27745730
Smart people scale out of positions. He stopped scaling out when it went down, that'sfor anybody to judge, but not profit taking until $13m (20x?) Is brass balls level risk.

>> No.27746725

>>27745730

>poorfag rich
>middle class rich

is this a joke?
i honestly cant tell with you faggots

>> No.27746869

>>27746444
Trips of truth

>> No.27746978

>>27746650
Are you retarded? Post portfolio of your 100 mil in assets with timestamp.

>> No.27747003

OMG OMG ELON MUSK LIED TO ME OMG HE WAS A KIKE

You get what you fucking deserve.

>> No.27747008

>>27746650
Coke, yatches, servitude and raping kids on islands isn't a healthy budget Anon

>> No.27747020

>>27746317
Sustained 20x-100x on a stock for a week happens every 5-10 years. The FOMO was real, but that doesn't mean people should have bought the top. They should have just kept feeling missed out.

>> No.27747046

>>27746220
>he continued to hold to hurt the hedgefunds
you redditors still believe all that?
Are you really oblivious to the fact that dfv and the top ones who make big cash at wsb are all business/finance/econ grads? Some are even portfolio managers ie. professional traders at banks and funds?

They feed "leads" so you can chase them and then dump a load of capeshit good vs bad horseshit to keep you from asking questions. God, you redditors are just hopeless

>> No.27747138

>>27746650
What the fuck are you buying nibba 10mil 8 in comfie divies 2 as bitch slapping fuck you money and your set.

>> No.27747190

>>27746444
checked, now delete this

>> No.27747212

>>27745933
I doubt he was rent our home poor if he had 50 grand laying around and enough time to dig into this shit for a year and a half

>> No.27747273

the funny part is when i buy into gme at 40 the real short squeeze will happen

>> No.27747278

>>27745730
shut up incel

>> No.27747332

>>27747212
He said as much on his stream. Coulda been a lie though.

>> No.27747364

>>27745918
he's not wrong. the difference in opportunity between 10M networth and 40M networth is exponentially higher than e.g. 1M vs 4M

>> No.27747440
File: 1.67 MB, 1401x6556, 1450274541125.png [View same] [iqdb] [saucenao] [google]
27747440

>Make it
>Value redd!t silver over actual fucking silver
>Sacrifice it all so you can become a redd!t saint
>Become the wank fantasy of every marvel beta soi boi coomer fanboy
>Eventually end up as relevant as shrek hands

>> No.27747517
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27747517

>>27745038
Nah

>> No.27747548

>>27747332
Oh didn’t know that

>> No.27747572

reddit finds all kinds of cuckings to fetishize

they shamed themselves into taking profit, what kind of mental disease do these idiots have

>> No.27747703

>>27746257
the 700k was profits he made on his original options trades though.

>> No.27747970

>>27747440
that screencap is painful to read

>> No.27747973

>>27745038
what if his wife opened an hedge short at ATH? the guy is not that stupid I think

>> No.27748050

>>27745038
i think he stupidly felt he needed to hold to support reddit.

hopefully he had more accounts he didnt share.

>> No.27748151

>>27745821
thats not smart

>> No.27748161

>>27745038
He's out now, no doubt about it. Robot gf already on the doorstep.

>> No.27748554

>>27747138
>nibba
Go back

>> No.27748768
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27748768

>>27745730
He can invest half of that in a low-risk mutual fund and bank 300k/yr forever

>> No.27749114

>>27748768
fuck off sam you neanderthal faggot

>> No.27749138

>>27745730
Statistically, if you have 13 million you are part of the 1% of Americans.

>> No.27749387
File: 13 KB, 315x203, Andrew-Left-Citron-Research-315x203.jpg [View same] [iqdb] [saucenao] [google]
27749387

>>27745730
Only this guy is right ITT. Position is the only thing that matters. Muh diamond hands, muh never sell. No, you lost tens of millions. If you ignore the fact that he made 13m then he sucks at trading

>> No.27749401

>>27749138
>only 99 other %'s are poorer than you
Yeah so it's basically nothing. You should in the top 1 out of 1000 at least

>> No.27749497

>>27745933
Rich people rent homes too, idiot. He had lots of money before this started.

>> No.27749504

>>27745038
Doesn't he just write off his losses on his taxes? So he pretty much made his 13 mil for free now.

>> No.27749528

>>27746413
He would almost instantly become my investing idol

>> No.27750113

>>27747440
Shrek hands was obviously bait moron

>> No.27750254

>>27745038
But he dollarcost avaraged from $3 to $20, right?
Most of his buys are likely far below the current $55.

>> No.27750344

>>27747440
Fucking gold

>> No.27751381

>>27747440
I actually feel bad for him and hope he made it, but holy fuck I havent laughed that hard in a while

>> No.27751707

>>27746650
If you think you can't live an easy life off $10m you need to reevaluate anon.

>> No.27752280

>>27751707
yeah lol, just put 1 million into some 20% defi APR and you're making 200k a year, throw all into defi yield jewry and you're literally rich forever