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If You Think You Had a Bad Day, it Can Always be Worse
Posted on 3/9/26 at 10:19 pm
Posted on 3/9/26 at 10:19 pm
6
Posted on 3/9/26 at 10:21 pm to AlterEd
Hormuz is still not open, so...
Posted on 3/9/26 at 10:22 pm to southofyou
quote:
Hormuz is still not open, so...
Posted on 3/9/26 at 10:24 pm to AlterEd
Posted on 3/9/26 at 11:20 pm to AlterEd
This would be crazy if I understood shorts and longs.
Posted on 3/9/26 at 11:21 pm to OysterPoBoy
The guy lost a lot of frickin money because he didn't trust Trump.
He lost about 800k.
He lost about 800k.
This post was edited on 3/9/26 at 11:29 pm
Posted on 3/9/26 at 11:27 pm to AlterEd
That building looks like a cartoon.
Posted on 3/9/26 at 11:29 pm to AlterEd
Looks like one of those fake dashboards the Indians manipulate the DOM to make you think you have lots of money or little money...
Posted on 3/9/26 at 11:31 pm to southofyou
quote:
Hormuz is still not open, so...
^ Anyone wanna tell him?
Posted on 3/9/26 at 11:32 pm to Meauxjeaux
I don't quite understand it all that well myself, but I know his 20x leverage means he only put up 1/20th of the 15.3 million. And that was fully liquidated. Meaning he lost approximately 800,000 dollars.
800k gone in just a few hours.
800k gone in just a few hours.
Posted on 3/9/26 at 11:43 pm to AlterEd
And if oil stayed above $95 what would the outcome have been?
Posted on 3/9/26 at 11:53 pm to OysterPoBoy
quote:
This would be crazy if I understood shorts and longs.
Short positions are betting the price drops like a rock. Long positions are believed to increase exponentially in value.
Guy didn’t realize Trump cucked him by not only providing escorts through the Strait but also calming the masses about availability of oil.
When the guy opened his long position, it was already at a several year high and it dropped 30% so he either has to sell at a loss or hold his position and hope for an Iran 2.0
Posted on 3/10/26 at 12:00 am to BHM
quote:
And if oil stayed above $95 what would the outcome have been?
It's leveraged at 20x. So if the price of oil had gone up 1% his margin would have gained 20%. 5% = 100%. Etc. At least, I think that's how it works. I wouldn't be doing any of this shite myself. I don't understand it well.
This post was edited on 3/10/26 at 12:03 am
Posted on 3/10/26 at 5:30 am to AlterEd
That guy basically zigged when he should have zagged
Posted on 3/10/26 at 5:38 am to Barneyrb
Only 800K. Not an OT baller.
Posted on 3/10/26 at 5:45 am to idlewatcher
quote:
When the guy opened his long position, it was already at a several year high and it dropped 30% so he either has to sell at a loss or hold his position and hope for an Iran 2.0
He cant sell it at a loss it dropped below the call price, and he cant hold it because their is a short term deadline. He lost it all.
In answer to the other question, the option price was 95 and change, he had close to 200K options so every dollar it went above that price he would net 200K. But remember when he bought the options the price was not at 95 it was below that and he was betting it would soar to 95 and beyond in a very tight time period.
Posted on 3/10/26 at 5:55 am to AlterEd
Rule #1 if it runs up or down. Dont buy at the top or sell at the bottom.
Posted on 3/10/26 at 10:11 am to AlterEd
quote:
The guy lost a lot of frickin money because he didn't trust Trump.
He lost about 800k.
Is Roger up to his panican shenanigans again?
Posted on 3/10/26 at 10:22 am to AlterEd
I hope it was a Democrat Congressman or Senator.
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