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 forum over the past week. So we can learn from other traders experiences first off. We have the truly sad story of user lucky skills who has not been having a good time in the market over the past few months, this wall street bets user was all in on american airlines, calls and managed to lose five hundred thousand dollars since june. He saw that the stock was consolidating from march through may and thought that it would outperform over the summer, so he decides to invest his life.

Savings in american airlines calls with strike prices ranging from twenty two dollars to thirty dollars, mostly expiring, on august twentieth. Stop it get some help. The stock peaked around twenty six dollars a share in june on optimism about the reopening, but over the past couple months, concerns about the delta variant have caused sentiment to turn sharply negative and the stock tanked 28 to close at 18.50. On august 20th, this led to a total loss on all of his calls expiring.

That day, the op still has a leaps position expiring on january 21st of 2022, with a strike price of 30. There is still hope that this position could expire in the money and make back some of his losses, but as american airlines has tanked, the position has lost 85 percent of its value of 25 000 on a mark to market basis. The 30 strike price is more than 60 out of the money, and the stock would have to rise to above pre-covered levels for its expire profitably. It appears that this was a true yolo for the op as five hundred thousand dollars that he invested was his entire life savings.

He blames market makers for suppressing the price of the stock, making his calls expire worthless. The op is 25 years old and has spent the last seven years of his life building up his investment portfolio to five hundred thousand dollars. He planned on using the money to build an app and buy some rental properties to generate passive income, but when he saw what he thought was an opportunity with american airlines calls. It was too good for him to pass up.

He says he has little motivation left as he dropped out of school and has no job experience. The commenters are mostly sympathetic with user vortumness, saying that if he lives a frugal life and forgets about money, he can be just as happy as he would have been had his american airlines. Yolo worked out and not all hope is lost for the op he's considering getting into the trucking business to build his net worth back up. Increased demand from e-commerce has caused demand to skyrocket over the past year.

There's a shortage of drivers and companies are giving large pay increases, while it's a difficult job. That often requires you to be on the road for many days. At a time, truck drivers can make upwards of one hundred thousand dollars per year, while the 500 000 loss is surely gut. Wrenching, there's no need to give up, especially when you're, only 25 years old and the fact that he was able to accumulate a five hundred thousand dollar fortune without a high paying job means that he was either very lucky, or at least has some investing acumen.

We wish you luck on your future endeavors. Next off we have user. I has an email who also invested five hundred thousand dollars but had much better results. Eight months ago he bought five hundred thousand dollars worth of fas 3x leverage daily financial, bull etf and has more than doubled.

Since then, fas holds leveraged positions in financial companies, including berkshire hathaway, jpmorgan bank of america, wells fargo and others. As you can see, the xlf financials etf has outperformed the s p 500 and the fas has amplified those gains tremendously. The op now sits on a position worth 1.14 million dollars, a truly life-changing amount of money. He posted his rationale for the investment when he initiated it in december.

He says that banks will benefit from government stimulus which helps reduce loan losses. Many of the banks recently resumed their share repurchase programs, which should help boost their stock prices and thirdly, he believes that interest rates will rise sooner than people expect, which will help their net interest margins. He already owned shares of jb, morgan and goldman sachs and bought faas to get leverage exposure. On top of this, many in the comments section are impressed by his results and wants to copy his trades in the future.

Others are more skeptical with user crypto. Persia pointing out that a rate hike would likely reduce the government stimulus spending, as it would be more expensive for them to borrow money either way. The results have been impressive and the op thinks that fas can continue to rise. His target for the position is 1.5 million dollars, which implies a further 30 upside.

Congratulations on the great trade next off. We have another sad story from user unlucky abroad 4877, who lost the vast majority of his net worth on a poorly timed options. Yolo a few months ago, he bought 88 contracts of alibaba calls with a strike price of 200 expiring on january 21st, 2022. The total cost basis for the position was about 375 thousand dollars.

This was a yolo for the op and his family as it represented 99 of his savings. Alibaba peaked at above 300 per share in october of 2020, but since then, the stock price has been cut in half over anti-trust concerns and general negative sentiment around chinese stocks. After the dd fiasco, his break even price, for the position is 243 dollars per share or roughly 50 percent above the current price. But his calls don't expire until january of 2022.

if sentiment towards chinese stocks improves dramatically between now and then there's still a chance that he could end up in the green. Whether or not this can happen is anyone's guess. In the meantime, the op is left with a chart that shows 300 000 of his life savings evaporated over the course of a few months. On the bright side, he still has 76 thousand dollars left.

This is more than many people ever see in their lifetimes. We wish you luck on your future trades. Individual traders on wall street vets aren't the only ones who were hurt from china's recent tech crackdown. Singapore's sovereign wealth fund temasek also produced some massive loss porn over the past few months.

As of june 30th, they owned almost half a billion dollars worth of deity, which had fallen almost 50. Since then, they also own tens of millions of dollars worth of for-profit education companies, including new oriental education and tao education group. These investments have lost almost all of their value, as the government effectively banned their business models between all of these losses. The singaporean people are a few hundred million dollars poorer than they were a few months ago, but the good news for them is that this was not a yolo.

Their net portfolio value is 381 billion dollars, so their losses of a few hundred million is not much more than a rounding error. Next off we have user drakeem 514 who, at the age of just 18, made and lost over 100 000 dollars playing amc calls on june 10th. He bought 26 contracts of 40 strike, calls expiring on june 18th. Fortunately, amc closed that day, close to 60 dollars, putting his calls well into the money and far above his break-even price of 47.50.

This pushes account balance above 140 thousand dollars. This was likely a life-changing amount of money for the 18 year old options trader, but it was not enough for him. He decided to roll over all the profits into more 40 strike calls expiring on september 17th. Unfortunately, amc has fallen almost 40 since that time, putting his calls out of the money.

There are only a few weeks left until expiry, but with amc anything is possible. The value of his calls tanked and he ended up selling them at a loss. He continued to back hold. He would be down even more by now his account balance is down 88 from its highest and currently sits at a little over 17 000, but he's still up more than 70 percent from his initial starting capital of 10 000.

Next off. We have some game porn from user repos 39. This wall street bets user turned four thousand dollars into twenty four thousand dollars in just one day with a fortunately timed fd, he owned. Twenty two and a half dollar strike calls on beauty, health, company, ticker symbol, skin the expiration date was august 20th in the day leading up to expiry skin stock had a few bad days of performance which caused the calls to become almost worthless, but on august 20th, The stock closed at 21.50 cents marginally above his strike price.

In fact, he actually sold the position before the close of that day when skin stock was even higher. This allowed him to bag a 5 700 percent or almost 20 000 game in just a few hours. Congratulations on the great trade all right, 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 enjoy 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 in the next one wall, street millennial signing out.