1014
Comments (91)
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158
madly_aloof 158 points ago +159 / -1

I am once again asking for your financial support.

37
bumblebeefree 37 points ago +37 / -0

Kek

22
ATCOF 22 points ago +22 / -0

Eichenwald, is that you again? How are you going to afford your tentacle site subscriptions.

9
Afeazo 9 points ago +10 / -1

"I split the cost with my children since we watch it together"

86
Shwoogin 86 points ago +86 / -0

Not a trader... does this mean he lost nearly $900k?

90
DaPurrs 90 points ago +90 / -0

Yes. Likely thought the stock would plummet and bet against it. Higher it goes, more he loses.

44
TheFozz [S] 44 points ago +44 / -0

Other faggots in the thread are saying it's a "paper account," what does that mean?

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Zixxzy1 77 points ago +77 / -0

Means that he didn't actually invest. It's a "fake" account. Paper accounts are what is provided as a "sample" account. No real money, allows you to invest "on paper" to see how you would do with real world results, in real time.

43
Whatyougotson 43 points ago +43 / -0

So gay like fantasy football

26
CrankHandler1991 26 points ago +27 / -1

Yes but its a good way for beginners to learn the market and practice strategies.

12
cowboyghostcat 12 points ago +13 / -1

Except they are trading with play money, removing all emotion from the trade. 95% or more of traders fail because they cant keep their feelings in check and trade with emotion

9
PepperUltimo 9 points ago +9 / -0

That's why I'm not a doge millionaire right now

5
morememesplz 5 points ago +5 / -0

Also, quite unrealistic because most people don't have that kind of money to trade. $1million??? Seems more "educational" if they stuck to real world numbers.

10
richgoose 10 points ago +10 / -0

The red pill may still be real

18
DaPurrs 18 points ago +18 / -0

paper account refers to fake trading. Clearly it is not as it is actively trading

5
MapleBaconWaffles 5 points ago +5 / -0

How can you tell it's actively trading?

4
talltellmanson 4 points ago +4 / -0

You basically can't. This is just a screenshot. Could have been taken from a real account or a training account.

Nobody knows except the loser who shorted Trump

7
PhilosoGuido 7 points ago +7 / -0

Even though shorting has unlimited potential losses, in reality, you can only lose so much before the brokerage house serves you a "margin call" where you have to put more cash into your account. If you don't have the cash, they liquidate your account and close out your position before you lose any more. For this guy to lose $858,000 without being forced out by a margin call, he would probably need to have a very large account. So probably just a "paper" (fantasy) stock trading account.

14
iamherefortheluls 14 points ago +14 / -0

can't be real. wtf price would have to short it at to lose so much?

20
AHonkTooFar 20 points ago +21 / -1

That and I severely doubt some cuck living in his mom's basement has spare money to throw around.

15
WhiteTrashJesus 15 points ago +15 / -0

You can go negative sellingn calls without having any money

8
militarysnoopy 8 points ago +8 / -0

There are no options available on DWAC or we'd have a lot of millionaires running around here.

3
WhiteTrashJesus 3 points ago +3 / -0

Thats what i thought but apparently reddit faggot was able to shortsell

9
militarysnoopy 9 points ago +9 / -0

Nah, they're on a paper account

4
MikeObamasVeineyCock 4 points ago +4 / -0

He's down 3 million overall. So he bet it would be under $10. Maybe $8. Not sure I'm doing the math right or when it was snapshotted.

1
content-alphabet 1 point ago +1 / -0

This comment made my night

2
DaPurrs 2 points ago +2 / -0

Cents at close is my guess on put options

10
NarrativeControl 10 points ago +11 / -1

Losses on shorting are theorectically limitless. Faggot got burned.

3
PhilosoGuido 3 points ago +3 / -0

Fantasy trading. Not likely some reddit loser has that kind of cash laying around to keep his short position before getting liquidated by a margin call.

2
Shwoogin 2 points ago +2 / -0

Big oof.

11
slangin_paint 11 points ago +11 / -0

even better. He lost $1,858,955. The $900K is how much his account is in the hole now. So, assuming this is real, he had a million dollars yesterday, now he is a million dollars in debt. You love to see it.

11
2016TrumpMAGA 11 points ago +11 / -0

No, he lost almost $2 million, almost $900k just on DWAC.

I'm going with the 'paper account' theory. Anyone who invests that kind of real money has stop losses in place.

9
bluto36 9 points ago +9 / -0

my math may be off but say he started his short when stock was $26

means he shorted approx 43,000 shares. but this is probably fake

1
BaldyGull 1 point ago +1 / -0

Not exactly. He owes that much. With futures you can lose more than you invest. So if he invested , $10,000 he'll owe $890k for example. Shorting a stock is risky. The gamestonk thing bankrupted at least one investment firm.

31
RlzJohnnyM 31 points ago +31 / -0

Lmao

It would be so funny if real

24
OccasionalCortex21 24 points ago +24 / -0

Shorting something just because you don't like it is retarded.

8
Dimedog 8 points ago +8 / -0

Shorting an IPO is retarded in general

3
AmericaFloats 3 points ago +3 / -0

They’re not sending their best, folks

1
Cliffinati 1 point ago +1 / -0

An IPO is guaranteed to go up unless you did an IPO for a new chain of VHS tape shops your stock goes up during IPO

1
Data 1 point ago +1 / -0

Retarded people tend to do retarded things.

19
NippleSalad 19 points ago +19 / -0

please be real.

15
Strings_Pulled 15 points ago +15 / -0

Paper trading

13
bigdaddydata 13 points ago +13 / -0

lol if that's for fucking real

7
Alpha_Lemming 7 points ago +7 / -0

How does one even dig a hole this big in one day?

6
NazisWereSocialist 6 points ago +6 / -0

Options calls bb

8
militarysnoopy 8 points ago +8 / -0

No options on DWAC

OOP is on a paper account so they didn't do shit.

3
JokerPede 3 points ago +3 / -0

Go woke.

3
Some_Rando_Web_Dev 3 points ago +3 / -0

Go broke.

Let's go Brandon!

2
loric4882 2 points ago +2 / -0

TDS can be dangerous!

0
Afeazo 0 points ago +1 / -1

A lot of people put money into options not fully understanding what they are past "you can make a ton of money in a short amount of time"

7
astralentity 7 points ago +7 / -0

They might want to call Dr. Kevorkian now....

3
TheMadManDidItAgain 3 points ago +3 / -0

Dr. Fauci has a much higher success rate... Fauci should be the new 'Doctor Death.' At least Dr. Kevorkian was providing a valuable service (in my opinion).

5
deleted 5 points ago +5 / -0
5
donalds_stones 5 points ago +5 / -0

uh in order to short something i believe you need enough money in your account to cover that short. I'm guessing this was a "paper account". But funny none the less.

2
NazisWereSocialist 2 points ago +2 / -0

I believe legally you’re correct, but hedge funds use loopholes that allow for time to pass if you trade on paper, it’s called naked short selling and that’s how they lost their asses on GME

1
ATCOF 1 point ago +1 / -0

I usually have up to 6 days to post the wire/check on a buy. Not sure if every brokerage is the same.

4
DairyBoy 4 points ago +4 / -0

Lol this doesn’t look great. What exactly did this idiot do??

7
militarysnoopy 7 points ago +7 / -0

Played on a paper account, so while it's really what would have happened, it didn't actually happen and he can just reset his account to $1,000,000 and start over.

1
DairyBoy 1 point ago +1 / -0

thank you!

3
bigdaddydata 3 points ago +3 / -0

is kinda weird that he didn't name the ticker $TRUMP

4
militarysnoopy 4 points ago +4 / -0

This isn't the TRUMP company yet. Once they merge they'll trade under a new ticker.

3
Winner45 3 points ago +3 / -0

If I bought stock should I sell before the merger?

3
deleted 3 points ago +5 / -2
13
Snoozebum 13 points ago +13 / -0

Hedge funds shorted GameStop, believing it would tank

Small investors bought tons of it, which drove the price up, costing the hedge funds a lot of money.

6
Reave 6 points ago +6 / -0

shorting is borrowing the stock now but paying for it when you cover. So if I borrow the stock now at 50$ a share but it tanks to 1$ and I cover, I will have made 49$ per share since when I go to cover the stock only costs 1$. However if the stock is 1$ and I short it and it goes up to 50$ and now i need to cover because the bank tells me I dont have the assets to cover the shorts if the price goes higher you are forced to cover at 50$ a share and lose your shirt potentially.

1
Cliffinati 1 point ago +1 / -0

No GME went up because everyone bought to fuck over the hedge funds trying to short them out of business

3
deleted 3 points ago +3 / -0
3
NarrativeControl 3 points ago +3 / -0

Faggots gonna faggot. Never try and short greatness, fag.

3
Austin62Halo 3 points ago +3 / -0

Rip

3
Tardigrade 3 points ago +3 / -0

May they never recover.

2
deleted 2 points ago +2 / -0
2
GrayManNumber333 2 points ago +2 / -0

I bet that was a big part of late day rise. They shorted while people where still buying.

2
CuckS1ayer 2 points ago +2 / -0

Answer your phone. Marge is calling.

2
sovereign_citizen 2 points ago +2 / -0

The future is bankruptcy court

1
JokerPede 1 point ago +1 / -0

Or a job at McDonald's.

2
redinmn 2 points ago +2 / -0

Ok, I dont know much about shorting stock other than you do it when the stock is high priced in hopes of returning the shares at a lower value later on when it tanks.

It makes no sense that someone would try to short a stock when it is new and bound to go up. I call bs on this or at a minimum it isnt a real account.

3
Cliffinati 3 points ago +3 / -0

At this the stock was at like $11 a share yesterday morning

Buying has infinite profit margin and a capped of $11*shares loss

Shorting has a 11*share profit cap and a infinite loss cap

It's so stupid

2
todayabetterme 2 points ago +2 / -0

wew

2
Xahnel 2 points ago +2 / -0

There aren't enough hedge funds in the world to fuck with this stock.

2
OccasionalCortex21 2 points ago +2 / -0

Its crazy how you can make or lose so much money just clicking a few buttons to make trades.

1
angrysnowpede 1 point ago +1 / -0

Just a scratch.

1
Trump2024 1 point ago +2 / -1

That's going to sting for a while

1
deleted 1 point ago +1 / -0
1
WhiteTrashJesus 1 point ago +1 / -0

How do you do options with a stock like this? i cant on td

1
deleted 1 point ago +1 / -0
1
SuperiorSandwich 1 point ago +1 / -0

Is there a conservative friendly app I can try to trade on? I'm just getting into trading.

1
TehAgent 1 point ago +1 / -0

So do they legitimately come after you to collect? Can you just file bankruptcy?