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RE: Apple Trader loses nearly $2.5 MILLION bankroll then tries to "GET IT BACK" on one BALL-BUSTING BET!
This story made me angry. I have sympathy for people who struggle with addictions. Most of us probably know someone personally who has struggled with an addiction. But this story reeks of narcissism and a complete lack of personal responsibility. The part that really got me is when he said he has always been unlucky and would be willing to forgive God rather than ask God for forgiveness! With this kind of mentality, I expect he will go into bankruptcy. But hey... YOLO ಠ_ಠ
If it makes you feel better the whole thing was made up. He was trolling the /r/wallstreetbets subreddit.
I was just about to post an update on it, so I might as well just add it here...
not only did the trade not work out (who would have thought!) with AAPL currently trading over $125/share (Apple beats Q4 expectations, boosted by strong iPhone sales), but apparently someone went through a bunch of his YouTube videos and found a reference to his IB account number which starts with a "D" (indicating an IB Demo Account) and can be linked to the same account he claimed to use for his YOLO option trades:
Full Story: Traders Huge Bet on AAPL- Fake blow up video - Fail
So, just another self-aggrandizing douche bag. On the positive side, the "lessons" in humility and sound risk-management that can be gained from this "episode" still remain.
I have no idea why someone would spend their time coming up with such an elaborate and scandalous story just to provoke strangers on the internet. Wait, did someone say something about narcissism?