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 hard, others who is back holding an 80 000 loss on his clover yolo he owns 100 contracts of 22 dollar strike, calls expiring on january 21st of 2022, as well as 25 000 shares. A few months ago he published a dd post on r clove explaining his rationale.

He said that clover was primed for a short squeeze based on the fails to deliver data. This gave him confidence to invest 250 thousand dollars into clover calls and shares. Clover is a health care technology company which was taken public through a spec sponsored by chamoth pala hapatia. It was off to a pretty good start until february 4th, when short selling firm, hindenburg research published a report exposing a department of justice investigation into the company's business practices.

This caused the stock's price to tank 40 percent over the coming months. As short sailors piled into the stop, the high short interest eventually peaked. The attention of retail investors who started buying the stock, eventually triggering a short squeeze. This wall street bets user thought that another squeeze was imminent, so he initiated his 250 thousand dollar position.

Clover stock has languished over the past few months with its share price hovering around the eight to nine dollar range. His 22 straight calls are now more than 100 out of the money and have lost more than 75 of their values. The op hasn't recognized the losses yet and says he doesn't intend to sell his position until it reaches 1 million dollars. Fortunately, most of his position is in shares, so there's still hope for a turnaround.

We wish you luck. Next off we have user square xu with what he calls the largest lost porn ever posted in wall street vets history. He started off the year of 2021 with about 100 000 in his account by the end of january. Things were off to a good start.

He bought calls on gamestop, causing his account to surge to 1.8 million dollars by january 28th. Instead of taking profits, he doubled down on the position bringing it to four million dollars. The next day, on january 29th, unsuccessful options place, took his account down to 1.9 million dollars by february 11th. On february 18th.

His account peaked at almost 5 million dollars. He bought out of the money calls on churchill capital 4. The spack that merged with lucid motors lucid, was a perfect stock for that time period as it benefited from both the spak and ev graces. Lucid motors brought his account up to 5 million, but was also the source of his eventual undoing.

Instead of taking profits, he rolled the gains into more out of the money fds on the ev maker. As the stock price fell back down to earth, so did his portfolio. It declined from 5 million dollars down to just 13 000. This is a more than 85 percent loss from his starting balance of one hundred thousand dollars at the beginning of the year.

Had he sold at the top five million dollars would have been more than enough to live the rest of his life in luxury. If he just bought dividend stocks paying a five percent yield, he could have two hundred fifty thousand dollars of passive income every single year. For the rest of his life, in hindsight, it's easy to say he should have cashed out when his portfolio reached 5 million dollars, but there's no way he could have known. This would be the peak he didn't cash out at 5 million, for the same reason that he didn't cash out at 4 million, two million or five hundred thousand, and if he cashed out at any of these levels, his portfolio would never have reached the five million Dollars when you're making millions of dollars in the fd casino, it's almost impossible to know when to pull out.

That's why multi-million dollar losses are so common on wall street bets a few lucky traders make millions in unrealized games, but it's very hard for them to take these gains and put them into boomer value stocks for the rest of their lives. There's no reason to stop at 5 million when one more successful fd could take this to 50 million. But the craziest thing about square gazoo's story is that it doesn't end there by mid august. He hadn't made much progress and his account fell below ten thousand dollars.

After an unsuccessful sofi earnings play having almost nothing left in his account, he decided he would make one final yolo. He got a fifty thousand dollar personal loan and ten thousand dollar cash advance from his credit card. He used the borrowed funds to play two penny stocks, which he thought had short squeezed potential, support.com and vinco ventures. Both of these stocks have market caps of less than 1 billion dollars, so he posted about these in r short squeeze.

Instead of r slash wall street bets in late august, he started day trading these two stocks and successfully brought the count up to 100 000. But this was only the beginning on august 26, he noticed that support.com was rising steadily throughout the entire day, with no momentum to the downside. He took this as a bullish signal for the next leg of the short squeeze and went all in on out of the money calls expiring in september, he exploited a glitch in td ameritrade's website, which allowed him to buy 130 000 worth of sprt options, even though He only had thousand dollars of equity in his account the very next day this bold, yellow, paid off big time with a share price rising more than one hundred percent, bringing his account value back to five hundred thousand dollars. He sold sprt almost exactly at the intraday high before it crashed.

He immediately rolled these gains into calls on vinco ventures, which ended the day up ninety percent and increased another seventy percent the following trading day. This was enough to take his account from fifty thousand dollars to three point: four million dollars in just a few days. He withdrew six hundred thousand dollars to pay off his loans, which is why the chart only shows 2.7 million dollars. He then sold some of his adventures, calls and diversified into tattooed chef, genius, sports and a few other plays.

This would go down as one of the greatest comeback stories in wall street bets history. We wish you luck on holding on to these games next off. We have user seesaw32, who hasn't been having a great time in the markets over the past year. Right before the pandemic struck, he funded a robin hood account with a little over fourteen thousand dollars.

He did pretty well over the summer with puts on penn national gaming. He also made some gains on facebook calls, but in september of 2020, penn started to increase in value causing many of his puts to expire worthless. This caused his robin hood account to decline almost 97 to just 440. He decided to start fresh by closing down his robin hood account and switching to td ameritrade.

After making some quick gains on palantir in november, he withdrew the money from his account, but in the summer he put the money back in and lost almost everything with call options on las vegas sans amazon and tesla. In total he lost 38 thousand dollars over the course of one and a half years. In light of his poor performance, he decided to hold off on buying options and focus only on shares. Despite the large trading losses over the last year, he made enough regular income to pay off his car loan.

He also took advantage of historically low interest rates to refinance his home mortgage, so despite his trading losses, he's actually come out of the pandemic in a pretty good financial position. We wish you luck. Next off we have user adorable pirate. Who is up two hundred.

Thirty thousand dollars or eighty percent on his concentrated position in hut eight mining. He owns twenty eight thousand five hundred shares in the company, with an average cost basis of five dollars and eighty nine cents. The stock has almost doubled since then to 10.64 cents, bringing its portfolio value to exceed half a million dollars. Hut 8 is a bitcoin mining company that operates a massive mining operation in alberta, canada, its revenue and profitability have increased dramatically over the past year, as the price of bitcoin has increased.

You can see that stock price closely followed the price of bitcoin over the past few years. During the long crypto winter of 2018. Through 2020, the stock price languished falling as low as 48 cents in march of 2020.. It is more than 20 x since those levels and now sits at above 10 per share.

The op is apparently a big believer in bitcoin, as he maxed out his margin and put 100 of his portfolio into this single stock, and it worked out quite well. Congratulations on your gains to wrap things up. We have user jamie fannister who made even greater gains on the same stock. Huh mining, instead of using margin to buy, shares this wall street bets user, bought all the money options expiring between october of 2021 and december of 2022 in total they're up 197 percent or 173 thousand dollars, 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.