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Profile Information

Name: Harvey the Rabbit
Gender: Male
Hometown: New England
Home country: USA
Current location: Hollywood
Member since: Wed Aug 3, 2011, 12:52 PM
Number of posts: 14,419

About Me

Nixon was a fucking crook. As a teenager I marched on the UN in 1982 with a million other people demanding we get rid of the threat of nuclear weapons hanging over our heads. Since then I've worked to get Democrats elected like John Aristotle Phillips, known as the A-Bomb Kid when he ran for Congress against Stuart McKinney in CT in the 80's (we lost twice) through the Obama campaign in 2008 and 2012. I want to legalize cannabis, reform our prison for profit system, cut our military budget, get out of Afghanistan and push solar energy panels into every building in the USA.

Journal Archives

Trader says he has 'no money at risk,' then promptly loses almost 2,000%

The bubble is building again and Trump is pushing us to a recession because Putin wants to destroy us.


Investing legend Jack Bogle once said that “if you have trouble imagining a 20% loss in the stock market, you shouldn’t be in stocks.”

He didn’t mention anything about a 2,000% loss though.

That’s where 1R0NYMAN comes in. The anonymous trader/internet hero created a stir on Reddit earlier this month with this absolute corker of a trade .

It’s called a box spread, a four-sided options strategy billed, in theory, as a riskless arbitrage play using call and put options. In this case, it started with a $5,000 “investment” executed through Robinhood, a no-commission trading platform.
(see graph)

Clearly, 1R0NYMAN figured it was a slam dunk.

“I have no money at risk,” he responded to those questioning his approach in Reddit’s raucous “Wall Street Bets” group. “It literally cannot go tits up.”

Famous last words.

Even one of the group’s moderators pleaded, “DO NOT DO THIS,” pointing out the potential downside. But that didn’t stop 1R0NYMAN.

A few days and some unforeseen twists later, he shared the results:
there's a graphic online for this...
So, almost $58,000 in losses and the account gets shut down. This debacle was red meat for the “Wall Street Bets” crowd, as the memes poured in:

Greta Van Fleet on SNL sent me into a flashback...

The only way I can explain this fantastic Greta Van Fleet performance is that Creedence Clearwater Revival must've made a wish to be younger on a Zoltar machine, then got the love child of Roger Daltrey and Geddy Lee to sing lead on a song Bob Dylan forgot to write in 1974.

Publicly announcing your offer in a negotiation is an amateur move

Publicly announcing your offer in a negotiation is an amateur move.
Big time Amateur move. He’s just posing.
Trump thinks he’s a big boy because he’s negotiating in public now.
He’s like a little kid on the diving board at the pool.
He’s all “mom, mom, mom! Mom! Mom look at me I’m negotiating!”
He’s only doing it this way because he doesn’t have the guts, repeat he doesn’t have the guts, to do it across a conference table looking someone in the face.

big news, Trump will summit with Kim Jong un, again. Snooooooze

Oh golly, another meeting.
Maybe on their third date he'll get lucky.

It's almost worth staying up late or getting up really early to see Trump's Twitter explosion

in real time.
It should be TNT level anger stuff
or more scarily
he won't tweet anything.
Silence in a "It's quiet. Too quiet." kind of way
But I'm expecting the non-stop Twitter barrage of lies, deflections, straw man's, projections, and false equivalence

NFL Playoffs: Cowboys or Rams?

NFL Playoffs: Colts or Chiefs?

Trump flies over walls and fences to get to Texas photo op.

is what I'd like the headlines to say about today's bullshit event.

Trump officially denies that he knew Manafort shared the data with Russians.

Just like he denied knowing about the Stormy Daniels payments.
Gee, I wonder what the odds are that he's lying again?

Watching Donald Trump run this country is like watching a dog flying an airplane.

You're not sure how he got into the cockpit and pilot's seat in the first place, but you do know it won't end well.
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