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Young trader’s epic Beyond Meat stock misfire: ‘Biggest mistake of my life’
For veteran Wall Street types, $12,000 is a rounding error, but for a guy getting his feet wet in the options pits, losing that much will leave a scar. Unfortunately, that’s what happened this week to an anonymous trader whom we’ll call “Juice,” if the sob story he shared on Reddit is accurate. “I thought I’d give options a try because I was doing pretty well swing trading and it was probably the biggest mistake of my life,” he wrote in a post. “I’m going to liquidate everything and pretend I didn’t just YOLO away a large chunk of my savings today on a stupid play I didn’t fully understand.” ... (full story)