I Lost $2 Million Trading in 2022, Learn What Happened!
Many of you who follow me know that I suffered a big loss last year on TNA. But many do not really know what exactly happened and how much I lost. I lost almost 2 million dollars in 2022! That was the first time I cried over money. Two million dollars is a lot of money, even for me. I made some huge mistakes trading overleveraged in a bear market, and I ignored all the signs and advice from people around me like Ardi. Do you know what happened?
Ardi and I published a video discussing this very major loss. While painful, the end result was that it made me more humble, a better trader, and a better person. I thought I was invincible. I had figured out trading and nothing could stop me. The community viewed me as an excellent trader. I trade live in front of them almost every day, I crack jokes, and I make thousands as I trade in the chatroom. But the market, and life overall, gave me a big slap in the face and the experience really humbled me. I hope you have the opportunity to watch the video and let me know what you think. Please accept my apologies for trading so recklessly in front of everyone and being such a bad example for our new traders.
Let me know what you think in the comments section of the video, and make sure to share it with everyone who thinks they have figured out everything there is to know about trading.
Yesterday’s most highly-watched earnings report came from Tesla. Elon Musk did it again! Adjusted earnings per share of $1.19 beat the $1.13 expected and revenues of $24.32 billion topped the $24.16 billion estimate. He amazingly turned around Tesla’s share price by reporting those earnings and confirming that Tesla is aggressively expanding. He reiterated that Tesla is planning to grow production as quickly as possible to reach the 50% compound annual growth rate target set in early 2021. The company took steps to quell fears, acknowledging that average sales prices have been trending lower for years. However, it also noted that affordability is a necessary requirement if the company is to sell millions of cars per year.
Today’s trading was full of opportunities on Tesla. As you know, I shorted heavy puts at $80 and $130, and they are now quite profitable. If you are interested in seeing my positions, as well as our trading recap with Brian, you can watch the video here.
Last night, we had an amazing psychology webinar with Rande Howell and the video is now posted in the Education Center. I hope you will enjoy it.
To your success,
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