Accidentally Lost $180,000 on Tesla (Option Trading)

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𝐋𝐞𝐠𝐚𝐥 𝐃𝐢𝐬𝐜𝐥𝐨𝐬𝐮𝐫𝐞: I’m not a financial advisor. The information contained in this video is for entertainment purposes only. Before investing, please consult a licensed professional. Any stock purchases I show on video should not be considered “investment recommendations”. I shall not be held liable for any losses you may incur for investing and trading in the stock market in an attempt to mirror what I do. Unless investments are FDIC insured, they may decline in value and/or disappear entirely. Please be careful!

[walteruwe]

Nobody can become financially successful over night. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals.

[jamesholcomb]

That was the saddest $600, 000 gain I’ve ever heard 😂😂

[tintedglasses-]

Part of what I love about your channel is your honesty. Most YouTube gurus would not have said anything or admitted they made a mistake.

[AnnaLia]

Never sell call or put options on Tesla because it's very volatile. Unless you have load of money on side to loose.
I am a day trader and i don't advice this to do at all.
Elon himself is a trader so be careful with your money..

[barkbros]

Henry please tell us what you think about RIVN should we look to buy at ipo ??

[kcsnew]

Sorry to hear Henry about your Tax payment and loss. Let me be honest with you, last few days not only TSLA, all stocks have been exponentially rising, I took an overall loss of about $1500 even on a small options portfolio on ZM, NKE, CROX and even on MSFT. Never seen MSFT going up crazy every day, passing my way out of the money strikes. That is why temporarily I took a pause. I had Put spreads, Call spreads and even Iron Condors. We are all with you on the options losses one way or the other. Market beating everyone this time. Thank you again for sharing your mistake with us. I know it is tough you had such 96% winning record, but this is not an options loss, more like you ended up have to pay lot of tax dollars but you mentioned you still made lot of profits on TSLA stock. Your forecast of TSLA hitting $1000 happened sooner than expected and also it is heading towards $1500 mark at a rocket speed.

[IamMonikaDLC]

As soon as Michael Burry announced that he shorted TSLA I knew this would happen. He might be right in the short term, but the long term always ends up like this. If he went long after covering his shorts then he truly still got it

[inquirer]

Gives meaning to the phrase "You snooze, you lose." But the government thanks you. At least you still have a ton of money.

[benspurgeon]

Henry a couple things to consider: form an LLC or become a qualified trader with the irs to lighten your tax burden. 2. Look at the chart and don’t be hasty. I sold out of Tesla at $1136 per share because that gap from $910-$950 scared me. That gap needs to be filled. Instead of buying the stock just sell puts at $1050 and wait for it to come to you. Of course Elon could skip the gap fill if he announces a stock split.

[RussKarlberg]

Yeah, I did the same thing, 1100 but only 1 option. No big deal, because I had bought much lower, and I have since used the money to profit on other options.

[joesmith]

the problem with options is if you are in the highest tax bracket because of your job you pay a really high tax rate on your gains as compared to owning stocks and long term capitol gains.

[carlosbazan]

Great message you out out there and I agree with the people what we like about you is your honestly and transparent thanks for let us know how to do and move and when not to take a nap lol I need to join your class for more help and one on one help doing options

[krasimirdargov]

The only people that do not loose money on trading or investing are those that do not trade or invest. Thanks for sharing this Henry. It was an accident so don't grind yourself too much.

[MarkUrkaubLRG]

Hey Henry, man think how I feel sold calls on my Tesla I was in surgery when it started ripping on a Friday wasn’t able to buy back my option hence stocks got called away.. started selling puts but no where near how much money I’d have if i just held… I fell the pain and it sucks! Now Tesla at 1200 kinda drawn away from it as it ran up so much to fast imo. Thanks for the great content tho and we will make it back!! Let’s go!!

[shirleyx]

I learn a lot from this radio, thanks.if you not sleep that day what save trade you like to do about in the money call?

[siddkoshpp]

how do you prevent selling the stocks on Friday if you didn't sleep before market close?

[jmatt]

Sorry about your loss. I was just thinking the other day to setup calendar events to keep track of my options expirations.

[Fkaziyev]

Hi Henry. Can you please tell something about Pinterest??

[michaelfarley]

Thank you for making these great videos.
I'm constantly telling people about your videos. TY

[therealjake]

If you buy back Tesla isn't it the wash rule and you get a new cost basis?