Our friend and fellow Sloper The Director was kind enough to share this with me:
It’s a fascinating read, but I can save you some time with a summary.
A carpenter in Canada started a small brokerage account in early 2019 and started trading Tesla (TSLA) stocks and options exclusively. He built the tiny account up to $88,000 by the end of 2019, and that’s when the stock went into Boss Mode for the next couple of years………..
Through what I can only assume was incredibly aggressive trading, he built his portfolio up to $415 million in November 2021 which, we all now can safely say, was the peak of the stock. It subsequently did this.
When he was wealthy, he hired professional advisors to help manage his gargantuan account and provide him tax advice and strategies. From what little we know about the lawsuit, on the surface it seems to me that this guy just kept trading TSLA like it was going to infinity, got utterly destroyed, and now wants someone else to blame.
Incredible.
