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Thread on Reddit - Dude inherits 2.5 Mil. Loses all of it except $300k.

Posted on 1/28/17 at 8:22 pm
Posted by I Love Bama
Alabama
Member since Nov 2007
37767 posts
Posted on 1/28/17 at 8:22 pm
Takes the 300k and shorts apple (earnings released on Tuesday).

Is going to live stream himself during the earnings call.

LINK

LINK


I could not imagine pissing away 2.5 million.
This post was edited on 1/29/17 at 5:11 pm
Posted by I Love Bama
Alabama
Member since Nov 2007
37767 posts
Posted on 1/28/17 at 8:26 pm to
quote:

I began my career with Apple, I’m ending it with Apple. No matter what happens, this is going to be my final Yolo. I’m sorry, I wish I could continue, but I’m tired of trading. It's morally and emotionally exhausted and over the last two years, it's really taken a huge toll of my health, both mental and physical. Some of you might have noticed the (subtle) changes in my personality and demeanors. It is time for me to stop making a fool out of myself and stop suffering. I am tired of perpetually losing money. That Google trade was the last straw. Even though I called the earnings perfectly, I still somehow lost money. The stock market is rigged and I am done with it.



I can't get over this story. Man what an idiot.
Posted by StealthCalais11
Lurker since 2007
Member since Aug 2011
12453 posts
Posted on 1/28/17 at 8:37 pm to
Holy shite. Talk about "Go big or go home". Stock experts, what's y'all's thoughts?
Posted by TheWalrus
Member since Dec 2012
40959 posts
Posted on 1/28/17 at 8:48 pm to
He's bitching about losing money in poker because of horrible hands and bad beats. Bad beats I get, but I've never seen anyone with an ounce of intelligence blame long term poker losses on "bad hands." What a moron.
This post was edited on 1/28/17 at 8:49 pm
Posted by Jon Ham
Member since Jun 2011
28692 posts
Posted on 1/28/17 at 8:57 pm to
Watching others gamble on stocks is fun. This guy is nothing short of an idiot, even if his Apple play pays off. Looking forward to following this on Monday.
Posted by RabidTiger
Member since Nov 2009
3127 posts
Posted on 1/28/17 at 9:10 pm to
What a dumbass. I would've parked the 2.5 in dividend stocks and moved to Hawaii.
Posted by Carson123987
Middle Court at the Rec
Member since Jul 2011
66523 posts
Posted on 1/28/17 at 10:56 pm to
looking forward to his pre-suicide post next
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10248 posts
Posted on 1/29/17 at 9:22 am to
Peter Thiel hints the age of Apple is over.
Posted by LSUAlum2001
Stavro Mueller Beta
Member since Aug 2003
47192 posts
Posted on 1/29/17 at 9:52 am to
Dude sounds like a greedy moron.
Posted by Jon Ham
Member since Jun 2011
28692 posts
Posted on 1/29/17 at 10:16 am to
AAPL:

P/E: 14.71
Forward P/E: 13.59
PEG: 0.78


The above tells me even if earnings don't meet expectations, there just isn't much room to drop. I have never looked into AAPL as I thought it was surely to be overbought, but it looks like a great investment.
Posted by TrebleHook
Member since Jun 2016
1356 posts
Posted on 1/29/17 at 10:41 am to
just ordered a Mac Pro with all the bells and whistles and 2 27" 5k screens just so i can see this guy khs
Posted by crazycubes
Member since Jan 2016
5256 posts
Posted on 1/29/17 at 3:47 pm to
Apple's earnings come out Tuesday evening , right? So the fun begins after that?
Posted by MikeyFL
Las Vegas, NV
Member since Sep 2010
9624 posts
Posted on 1/29/17 at 5:22 pm to
quote:

Summer of 2016 specifically was particularly cruel to me. People who were there will remember that I lost pretty much every single time. I was tilting, because I knew I was making the right trades, yet losing time after time after time.


quote:

I lost $30,000 in a week playing $5/$10 poker. I got absolutely horrific hands and I got so many bad beats I stopped counting them.


quote:

I want my two point five million back. It’s mine and I want it back, period.


Self-delusion at this level is just brutal to witness.
Posted by Omada
Member since Jun 2015
695 posts
Posted on 1/29/17 at 7:45 pm to
...Looks like the Money Board fell for it. fscomeau is a troll. Just look through his comments and posts, and you'll be able to tell. A few days before, he was acting clueless about how options and option writing works, and then he makes the linked post without ever seeming to really understand it. He's also faked his death a few times. The dude's a troll and a drama queen, plain and simple. If anyone still believes he actually inherited $2.5 million and pissed most of it away, then I'll let you in on the secret that Dylan Moses and Tom Herman are both coming to LSU and will be led by the unicorn Travonte Valentine.

The only really intriguing thing about fscomeau is that he has an apparently real Interactive Brokers account and appears to be really making the trades. The moderators over at WallStreetBets have been trying for years to prove he's been faking it, but they've failed. So they have two ideas of what's going on: he's either a professional trader posting hedges, or he's someone making big bucks at a fund or a bank and can afford to throw money away like that for laughs. I personally believe the professional trader idea.
Posted by geaux.home
North Shore
Member since Jan 2012
2666 posts
Posted on 1/29/17 at 8:18 pm to
quote:

If the mods are okay with it. Otherwise I'd understand. I don't have a webcam and my CC are maxed out, so I would most likely need to borrow from my mom and/or I can return the empty bottle of beers/soda we have.


Jesus Christ we're being trolled right?

ETA: Just read above post. Yup.

Still was a good read.
This post was edited on 1/29/17 at 8:20 pm
Posted by StrangeBrew
Salvation Army-Thanks Obama
Member since May 2009
18186 posts
Posted on 1/29/17 at 9:57 pm to
Even if he makes money on this, he will make additional trades because he like the attention. If he loses, he may live stream his suicide because he likes the attention.
Posted by Chuker
St George, Louisiana
Member since Nov 2015
7544 posts
Posted on 1/31/17 at 2:07 pm to
quote:

I could not imagine saving money all my life and then leave it to someone only to have it pissed away.
Posted by OneMoreTime
Florida Gulf Coast Fan
Member since Dec 2008
61837 posts
Posted on 1/31/17 at 3:21 pm to
Eta nvm
This post was edited on 1/31/17 at 3:22 pm
Posted by Old Money
Member since Sep 2012
36764 posts
Posted on 1/31/17 at 9:23 pm to
quote:

fscomeau


Haha, this guy has always been a fraud on there. He's a troll
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