What's up guys and welcome back to wall street millennial on this channel, we cover everything related to stocks and investing today we're going to look at some of the biggest trading gains and losses on the wall street bets forum from the past week. So we can learn from other people's experiences. First, we have a trader by the username of bsb kop. This trader had an enormous account value of about 350 000, but after 111, 000 net loss in the past couple trading days alone.

He is now down to about 228 000 left. He was almost fully invested in upstart. Upstart is a small recently ipo'd company that provides lending products to individuals. They claim to use artificial intelligence to estimate the creditworthiness of borrowers in order to give loans to people who otherwise would be unqualified to receive borrowed money since going public in december of 2020, its stock has skyrocketed in the middle of october.

It was up more than 800 percent all time. Interestingly, upstart is the biggest holding of the famous hedge fund third point capital. As of their most recent sec filing, you can view the most recent holdings of any other hedge fund yourself using our new website wallstreetmillennial.com. Unfortunately, upstart has cooled off somewhat over the past couple weeks and is down around 10 in the past five trading days.

This culminated on november 9th when they released their third quarter 2021 earnings. They reported rapid growth on the top line, with revenue increasing 250 percent from a year ago, as well as a net operating profit. However, with expectations so high, the stock plummeted in after hours trading that left our port trader down tens of thousands of dollars. In a matter of hours, luckily, the position is in shares of upstart rather than options.

This probably capped his losses, which may have been much greater if he was holding calls instead also based on the size of his portfolio and the fact that the brokerage is likely interactive brokers. It's likely that the trader is an affluent individual, so hopefully the 111 000 loss won't break the bank in the future. This can teach us that, no matter how strong a stock's recent performance has been high, expectations can sometimes lead to hard falls. Good luck on your future trades.

Next, we have a massive loss on tesla options: user nos joker, loaded up on 500 call options with strike prices of 1200 all expiring on november 19th. The average cost of each call was about fifty dollars, putting the total cost of the position at twenty five thousand dollars. Needless to say, tesla has been an incredible performer over the past few years, since 2016 is increasing value by a factor of a little under 30 times. Any investor with the fortitude to buy and hold the stock over any significant period in the last two years has made incredible profits.

Unfortunately, it's impossible for any slot to go straight up with no down dates. Over the past five days, tesla has lost about 17 percent of its value that adds up to about 200 billion dollars of market cap value. Some of those losses were felt by nos joker. This trader lost more than twenty thousand dollars in a matter of just a few hours or more than four fifths of the entire portfolio value commenters chastised this trader for not seeing the warning signs earlier and positioning himself for a downturn in response user frodo baggins says That when you see a stock of 50 plus percent in a single month, it's reason to at least start getting a little bearish, even the op admits say, should have seen elon musk's recent tweets about selling 10 of his own steak as a warning sign on saturday November 6th elon musk tweeted asking his followers if he should sell 10 of his tesla shares, which would add up to more than 10 billion dollars worth of stock.

Unsurprisingly, tesla's stock price suffered as a result. However, if an investor had sold their tesla shares at the beginning of trading on monday or any other time on monday, they could have avoided the majority of the losses. Unfortunately, this robinhood trader didn't do that and will now be relegated to consuming these instant noodles for the immediate future to make up some of those losses. Good luck on your future trades! Next up, we have a jaw-dropping six-figure game on options on digitalocean digitalocean is a cloud infrastructure company that owns data centers, which it uses to serve cloud-based applications since going public.

Last march, digital ocean stock has climbed more than 150, mostly in a straight line up investors who owned call options on the company and held almost invariably made money. This investor owned both long-term calls and stock on the stock alone. He made more than a hundred thousand swedish krona on the options he made an additional 35 000. for all time, he's up 135 000 swedish krona and now has an account balance in excess of 2 million.

That's a little over two hundred thousand dollars. Congratulations on these incredible gains. Next, we have a gut-wrenching loss from a relatively new robin hood trader user x, destroyer x, who started a robin hood account in february of 2021, has a very option-like all-time graph over the past couple months. It has been a bumpy ride downwards.

Most recently, he seems to invested in options on coinbase and doordash expiring. This week, coinbase recently reported earnings at disappointed wall street. As a result, the stock tanked nearly 10 in a single day, with only a couple days, left till expiry. That leaves very little time for a rebound in order for the ops options to become profitable.

Assuming that their calls in the comments section, many people sympathize with this trader's misfortunes, devildog82 says that it seems like this week has seen a lot of losses on wall street bets and commenter shots. Seastone mentions that the nasdaq has gone in the opposite direction as the op's portfolio. In fact, the nasdaq, as measured by the qqq etf, has gone pretty much straight up in the past six months. Unfortunately, certain high-profile tech stocks in the nasdaq, including doordash, which the op has calls on, have cooled off in recent months, along with the many comments thanking the op for the lost porn, there are the obligatory, derogatory comments.

User root 86 derives wall street best traders for losing their own money in the markets, while bragging about his own gains on google's talk. Comments like these take advantage of wall street best lost posters to make themselves feel better about themselves and detract from the community despite their presence. They are in the minority and usually swiftly downvoted. Next up we have the robin hood trader, the faint one, with a massive gain on tesla.

This trader bought 25 000 of calls of varying strike prices. The majority of the investment was in an in the money call with a strike price of 750 dollars with a stock price of almost one thousand one hundred dollars. That call is currently more than three hundred dollars in the money calls that are in the money. Carry less leverage than out of the money calls because of the high intrinsic value, but also incur less theta decay and have less gamma than at the money.

Calls these contribute to in the money, calls being comparatively less risky after a 25 000 gain or more than doubling of its portfolio value. This trader is in for even more gains after the options markets open the next day. That's because tesla gained even more in after hours, which will only be reflected in options prices during market hours. Commenter brb commends this trader for having the courage to hold so much money in weekly options for more than a day with the stock as volatile as tesla.

It's a real possibility that the stock could tank by as much as 10 within days of putting on a position. Part of the advantage of choosing an in the money call rather than out of the money calls is that the delta of the option doesn't change that much when the stock price moves. The op thus took on less risk than if you put more money into out of the money options. Still another commenter warns that if he doesn't take profits and run, he will ultimately suffer.

As jim cramer says, no one ever got hurt by taking a profit. Congratulations on your five figure games; alright, guys that wraps it up for this video. If you enjoyed this content, make sure to smash that like button and subscribe, so you don't miss future videos also leave a comment saying if you had any big trades this week in the meantime. Thank you so much for watching and we'll see you in the next one wall, street millennial, signing out.