Chris Camillo’s AMZN “all in”

Good for him. I think Amazon will be a winner. In it myself but not to his level at all.

I went in about 10% of my portfolio after hearing him discuss it a few weeks ago. It seems like this has a lot of room to go. Almost up enough to offset my bomb with RDDT, which I cannot understand.

The most interesting thing for me about this tweet is that, from the handful of accounts I can see without an X account, everyone involved/commenting is seemingly just trying to sell courses, sell chatrooms, get YT/social media views and followers, etc. It's all about exposure for them.

Oh, and apparently Timothy Sykes is still active in that space. I figured he'd have died off considering people figured out many years ago he was making his money off the subscribers rather than the trades. But considering this morning that I googled turtle soup trade just to get a bunch of links related to the fraud Inner Circle Trader because he repackaged it (at best) rather than links solely about Linda Raschke (the creator of the trade!), maybe I shouldn't be surprised. Strong marketing beats having good, or even just decent, content when trying to attract the masses.

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Yeah I feel like RDDT could be great for calls in the 130s

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I added to my RDDT shares during the dip last week. Just have a feeling this will be back to 200 with a few good days.

He’s the MT board’s version of inverse Kramer.

I guess I wasn’t aware that Chris Camillo was a big name.
I listen to Amit a lot and enjoyed the trading story

He also hit it really big w Bloom Energy early in the year. He claims to get a lot of his big investing ideas from perusing message boards and tiktok. He calls it social arbitrage trading. He's an interesting guy.

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Agree. They are just now starting to print money off of A.I. and are far ahead of most companies. Like META and Amazon, it has taken them a bit to make money off of AI but they are way ahead of everyone else.

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Nice move today for Rddt. I'm holding this one along with meta for long term.

Leopold was at 400% leverage on money that wasn’t his. It’s not a good comparison

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It’s not a good compariso

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It's acceptable. The purpose of risk management and portfolio management is to, assuming you have an edge, survive drawdowns and unfavorable events so you can make it sufficiently intact to more favorable market conditions. Assuming Camillo actually was getting margin calls rather than making up a story, neither showed acceptable risk management. He would have potentially been close to a Victor Niederhoffer-style account blow up (again, assuming the details are true).

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Yeah Sykes is acting like a bitch, and Chris is probably 100x smarter.

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Sykes' take is the most correct I've seen even though he, just like the other salesmen calling themselves gurus, are just commenting so people see their names and potentially purchase from them. Don't confuse someone making money in the market in the short-term as them being intelligent, having a correct thesis, having an edge, or having made the correct decision. Fooled by Randomness is the third or fourth book I recommend to those who want to trade to get that idea in people's heads.