Visitors to “WallStreetBets,” the Reddit forum where “YOLO” is the war cry are used to making and watching traders take high risk, high reward bets on stock prices. These YOLOers use leverage liberally attempting to make as much money as possible, in the shortest possible time with little thought given to risk management, diversification, and due diligence and now that just got more fun thanks to a new ICE contract. Canadian trader F.S. Comeau was one of the forum members. After reportedly losing $2.5 million he bet his last $249,000 against Apple. At the time of the trade, shares were…
New FANG Contract Gives Investors Another Way To Bet On Amazon’s Success
Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk