Trader - made $41 million profit in 3 years option trading

Other discussions not related to the Permanent Portfolio

Moderator: Global Moderator

Post Reply
User avatar
frugal
Executive Member
Executive Member
Posts: 1062
Joined: Sat Nov 10, 2012 12:49 pm

Trader - made $41 million profit in 3 years option trading

Post by frugal »

Live healthy, live actively and live life! 8)
User avatar
AgAuMoney
Executive Member
Executive Member
Posts: 823
Joined: Fri Apr 01, 2011 11:24 pm
Location: NW USA

Re: Trader - made $41 million profit in 3 years option trading

Post by AgAuMoney »

Video isn't worth my time.  But headlines like that are meaningless curiosities.  I would have read up to a page or two of article...

Starting capital?

Own, employer's or investors capital?

Penalties for loss?

Rewards for profit?

It can easily happen if you are willing to take huge risks and get lucky.  This happens quite often when playing with other peoples' money, and the risk of loss is born by someone else but you get rewarded significantly for winning.

It can easily happen if you are willing to setting for 2-4% per year, so starting with high enough capital...

Now if he was starting with under $10K of his own capital, and parlayed that into $41 million in 3 years, that would be amazingly lucky.
dragoncar
Executive Member
Executive Member
Posts: 1111
Joined: Wed Aug 10, 2011 7:23 pm

Re: Trader - made $41 million profit in 3 years option trading

Post by dragoncar »

That's nothing, these three people made $218 million profit in just seconds: http://www.cnn.com/2012/03/31/us/mega-millions
Post Reply