“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. In fact, he apparently managed to withdraw $10,000 before it all hit the fan. And hit the fan it did.
More here – MarketWatch
PS – this is why I recommend traders read Antigone which is essentially a tale of the destructive effects of hubris
Should have sold European style options