What's up guys and welcome back to wall street millennial on this channel, we cover everything related to stocks and investing in today's video we're going to take a look at some of the biggest traits from the wall street best form over the past week. So we can learn from other traders experiences. First off we have user 10 rag zeal who is down 75 percent, where more than 14 000 on a volatility options play. He owns 200 contracts of puts on the uvixi, with the 19 strike price expiring on september 22nd, based on how much he paid for the puts he has a break-even price of 18.8 cents.

U-Vixi is an etf that tracks the price of the vix futures. When implied volatility goes up, the vix usually goes up and vice versa. During market crashes, the vix tends to increase a lot, as the future market outlook is very uncertain. For example, during the coven meltdown last march, uvixi increased roughly 10-fold.

However, during normal times its value decays very quickly. The op notes that since the beginning of this year, u-vixi would have occasional spikes where the price goes up for a few days. Only to give up those gains over the next few days, he thought he could make some quick profits by buying calls at the beginning of the spike and then converting his position into puts once he thought the spike had reached its top. He bought calls at the beginning of the most recent spike in closed position for a profit.

He then bought puts hoping for a reversal. Unfortunately, uvixi has not decreased in value as fast as he had hoped. His puts have a strike price of 19 and a break-even price of 18.8 cents at the current price of 23.10 cents. His puts are 18 out of the money and almost 22 away from the break, even price.

He only has about a week left from expiry. So, there's a high probability of a worthless experience. He is now sitting on a 75 unrealized loss. Next off we have user nebula 15, who is down 71 or more than 21 000.

Over the past three months, he started off the year with five thousand dollars and got off to a pretty good start. He made some massive gains from gamestop calls during the short squeeze. He also bought calls on microsoft, which has been one of the best performing stocks this year, increasing almost 40 percent year-to-date, but over the past few months his luck has turned dramatically for the worse. He owns a 315 dollar strike.

Microsoft call expiring september 24th at microsoft's current stock price of 300. This is only five percent out of the money, but with microsoft's market cap above two trillion dollars, its stock doesn't move much over short periods of time with less than two weeks left till expiration, there's still a chance of expiring in the money, albeit a slim chance. This is reflected in the price of the call, which is down 94 or 5 800, since he bought it. This is his single largest loss.

His second biggest loser is genius brands. Genius brands is a penny stock which creates animated kids shows it experienced an apparent short squeeze in april of last year, with stock price, increasing 21 fold to six dollars. It has subsequently given back most of the gains and now trades at one dollar and 43 cents. His five dollar strike price is 250 percent out of the money, and he would need the stock to more than triple to cover the cost of his premium.

This only seems plausible if the stock could have another short squeeze. He is currently down 93 or more than five thousand dollars on that position. However, it doesn't expire till january of 2022, so there are still a few months left for a potential turnaround. His next position is 22 and a half dollar strike calls on iron net iron net is a cyber security company which recently went public via us bag.

Investors are very excited by the company, as the share price has more than doubled since the deal was announced. This is the only one of his current call positions which is in the money, unfortunately, because the implied volatility was so high when he bought it. His break-even price of 24.50 is still above the current stock price. The calls expired this friday, so they'll probably expire in the money, but because he paid so much in premium to buy the calls he is sitting on a 32 or 1 600 unrealized loss.

These failed call option plays as well as a few others resulted in his gut-wrenching 71 percent or almost 22 000 loss. Given the poor track record of the op, some commenters say that they'd be interested in buying put options on his portfolio. If such an investment opportunity was available, even the op would do it as well, but despite the disastrous performance of the past three months, it's worth remembering that he only started out with five thousand dollars as current portfolio value of eight thousand eight hundred eighty eight dollars. He is still up seventy eight percent.

All time we wish you luck on your future trades. Next off, we have user over. All of it who posted a picture of her account statement from 2001.. The statement shows two separate orders: each selling 500 shares of amazon.com stock on october 3rd 2001..

She sold the shares for an average price of and 51 cents per share. In hindsight, those sell orders are some of the worst investment mistakes in history. Amazon was one of the darlings of the dot-com bubble, with its market cap reaching a peak of 30 billion dollars at the time, but amazon stock was viewed as highly speculative, as the company was still small and was burning cash. Even jeff bezos said there was no guarantee that they could be successful in the long term.

At the peak of the bubble in 2000, amazon stock exceeded 100 per share, but in 2001 it gave up almost all of those gains as the bubble burst. The op bought her position about a month before she sold it at a cost basis of 12 dollars and 50 cents. All tech stocks were extremely volatile at the time it declined 50 over the next month. She got spooked and sold the entire position at six dollars and fifty cents had she held the position.

It would have increased in value by more than five hundred fold her position of one thousand amazon shares which she bought for twelve dollars and fifty cents. Each would now be worth 3.4 million dollars in hindsight she obviously should not have sold, but at the time there was a significant probability that amazon could go bankrupt, as did most of the dot-com bubble socks. One commenter jokingly says you can't make much money selling books online. Such a dumb concept, will never take off glad you got out before you lost it all.

She eventually realized her mistake and started buying back the position at higher prices. It's currently her single largest holding, but her current ownership is much less than 1 000 shares that she sold. Despite the poorly timed amazon sale, she has been able to accumulate a net worth in excess of 1 million dollars through her salary and investing. This goes to show that if you have a long time horizon, you can achieve phenomenal investment results, even if you make a few bad trades in the beginning, and there is one stock that she has held for the past 20 years at around the same time.

She bought amazon. She also bought cigarette company altria, while this investment wasn't as good as amazon, it's still been a 10 bagger even before you account for dividends, that's enough to classify as a win in our books. Next off we have user xfactor who's made a life-changing amount of money by yellowing his life savings into a single australian penny stock. The stock is liontown resources, limited a small australian company which mines, lithium, gold, vanadium and other valuable minerals.

At the time the op was bullish on the ev industry. Instead of buying shares in ev stocks. He thought buying. Lithium miners would be a better bet.

He did research on different countries and found that australia was the global leader in mining. He then filtered all the lithium mining stocks and picked liontown resources as the best option based on their management team and other factors. He had no interest in making small amounts of money. He went all in with his entire life savings on this single stock, and to this day it still makes up 100 of his portfolio allocation.

He made the initial purchase in 2019 at a price of 8 cents per share, he's also added to the position every month. As he deposits more money into the portfolio at 1.58 cents, the stock is now almost 19 times greater than his original cost basis. His portfolio has grown to 1.4 million dollars, a truly life-changing amount of money. The op says he hasn't told anyone in his personal life about his gains.

He's worried that jealousy could ruin the few good relationships that he has in his life. Other commenters seem to agree with this sentiment. User movantix says that most poor people will stop talking to you after they ask you for money, and you say no! Congratulations on the massive gains, alright, guys that wraps it up for this video. What do you think about these trades? Let us know in the comments section below, if you enjoyed this content, make sure to hit the like button and subscribe.

So you don't miss future uploads as always. Thank you so much for watching and we'll see you in the next one wall, street millennial, signing out.