How one trader made $2.4 million in 28 minutes? (2024)

How one trader made $2.4 million in 28 minutes?

By exercising the options to buy the Altera stock at $36 a share, then selling it for more, the trader made about $2.4 million in net profit, reports said. Fortune noted on Wednesday that the extremely well-timed maneuver came less than a minute after the Journal reporter's tweet at 3:32 p.m.

What is the 3 5 7 rule in trading?

What is the 3 5 7 rule in trading? A risk management principle known as the “3-5-7” rule in trading advises diversifying one's financial holdings to reduce risk. The 3% rule states that you should never risk more than 3% of your whole trading capital on a single deal.

Is it possible to make $1000 a day trading?

It can also be very risky. While it's not outside the realm of possibility to earn $1,000 a day by day trading, reaching that level on a consistent basis requires several things: knowledge, discipline and a lot of cash to start with. Here's what you need to know.

Who is the biggest option trader?

Some of the best options traders in India are Rakesh Jhunjhunwala, Premji and Associates and Radhakrishnan Damani.

What is the highest profit in options?

The maximum profit that can be earned by option traders in one trade is theoretically unlimited. This is because options give traders the right, but not the obligation, to buy or sell an underlying asset at a specified price (the strike price) within a specified time frame.

What is 90% rule in trading?

The 90 rule in Forex is a commonly cited statistic that states that 90% of Forex traders lose 90% of their money in the first 90 days. This is a sobering statistic, but it is important to understand why it is true and how to avoid falling into the same trap.

What is the 80% rule in trading?

The Rule. If, after trading outside the Value Area, we then trade back into the Value Area (VA) and the market closes inside the VA in one of the 30 minute brackets then there is an 80% chance that the market will trade back to the other side of the VA.

What is No 1 rule of trading?

Rule 1: Always Use a Trading Plan

You need a trading plan because it can assist you with making coherent trading decisions and define the boundaries of your optimal trade. A decent trading plan will assist you with avoiding making passionate decisions without giving it much thought.

Who is the most profitable day trader?

Mark Minervini is one of the most iconic day traders because he started with just a few thousand dollars and has made millions. A look at Minervini's trading history reveals that he once made 220% profit for five years in a row, and even in his worst year still made a profit of 128%.

How much money do day traders with $10000 accounts make per day on average?

With a $10,000 account, a good day might bring in a five percent gain, which is $500. However, day traders also need to consider fixed costs such as commissions charged by brokers. These commissions can eat into profits, and day traders need to earn enough to overcome these fees [2].

How do most day traders make money?

Day traders often buy and sell stock the same day, buying at a perceived low point during the day and then selling out of the position before the market closes. If the stock's price rises during the time the day trader owns it, the trader can realize a short-term capital gain.

Can you make $200 a day day trading?

A common approach for new day traders is to start with a goal of $200 per day and work up to $800-$1000 over time. Small winners are better than home runs because it forces you to stay on your plan and use discipline. Sure, you'll hit a big winner every now and then, but consistency is the real key to day trading.

How to make $100 a day?

In conclusion, making an extra $100 a day is possible with some effort and creativity. You can start a blog, do freelance writing, complete online surveys, sell products online, drive for Uber or Lyft, rent out your home or space, sell photos online, or become a virtual assistant.

Can I live off day trading?

It is possible, but it is going to take a lot of time and discipline to build a small account into something that can produce a living. If you want to make some money on the side, you'll still need the same dedication, putting in many months to refine a method and overcoming sabotaging tendencies.

Does Warren Buffett do options trading?

Selling (Writing) Options: Buffett's preferred options strategy revolves around writing (selling) options rather than buying them. By selling options, he collects premiums upfront, which can generate income even if the options expire worthless.

Which app is better for trading?

Which company is best for trading?

What is the safest trading method?

The safest option strategy is one that involves limited risk, such as buying protective puts or employing conservative covered call writing.

Has anyone gotten rich from options trading?

Not everyone can be a successful options trader. However, some can and do get quite rich trading options. Becoming a successful options trader requires a specific skill set, personality type, and attitude, like any undertaking.

Which type of trading is the safest?

Of the different types of trading, long-term trading is the safest.

What is the 5-3-1 rule in trading?

Intro: 5-3-1 trading strategy

The numbers five, three and one stand for: Five currency pairs to learn and trade. Three strategies to become an expert on and use with your trades. One time to trade, the same time every day.

What is the 2 rule in trading?

One popular method is the 2% Rule, which means you never put more than 2% of your account equity at risk (Table 1). For example, if you are trading a $50,000 account, and you choose a risk management stop loss of 2%, you could risk up to $1,000 on any given trade.

What is the 3 trade rule?

You're generally limited to no more than three day trades in a five-trading-day period, unless you have at least $25,000 of equity in your account at the end of the previous day.

What is the golden rule of traders?

Let profits run and cut losses short Stop losses should never be moved away from the market. Be disciplined with yourself, when your stop loss level is touched, get out. If a trade is proving profitable, don't be afraid to track the market.

What is the golden rule of stock?

2.1 First Golden Rule: 'Buy what's worth owning forever'

This rule tells you that when you are selecting which stock to buy, you should think as if you will co-own the company forever.