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

[ericcholis]

https://markets.businessinsider.com/news/stocks/reddit-trade...

[SilasX]

Also much better title than the current HN one, as the BI says, "A Reddit trader claims to have raked in ..."

[joenot443]

"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.

[mdaniel]

FWIW it appears that archive.is caught a copy of it, and the only comment at the time of its snapshot is "proof or gtfo": https://archive.is/U0lpu

[SilasX]

Whoa, that must be recent, /r/wallstreetbets was a (relatively) popular, public sub as far as I've remembered.

[rafaelvasco]

I can access it no problem. Btw, surreal story; Most people are saying the guy faked it.

[fluxic]

They just switched permissions

[fluxic]

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

[pjc50]

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...

[tempsy]

He bought options not stock on margin.

[1337biz]

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

[KaoruAoiShiho]

The trades are typically posted ahead of when they would be profitable so everyone can follow the results together.

[vidanay]

More like a whole truck load of salt.