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?

Now that you know the logic behind this rule, here is how you can put it to use in your trading: 👀 Watch for 3 pushes higher or lower in a chart. 🛑 Look for a turn and 5 pushes back against that trend. 🎯 When the original trend regains steam for 7 days, trade in that direction!

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

Over time, a skilled day trader might average a 2%-3% return on their investment daily, assuming they do considerable research on potential investments. Therefore, someone with a $10,000 account might make $200-$300 per day.

What is the 10 am rule in stock trading?

Some traders follow something called the "10 a.m. rule." The stock market opens for trading at 9:30 a.m., and the time between 9:30 a.m. and 10 a.m. often has significant trading volume. Traders that follow the 10 a.m. rule think a stock's price trajectory is relatively set for the day by the end of that half-hour.

Who is the best options trader of all time?

Some of the most successful options investors in history include traders like George Soros, Warren Buffett, and Peter Thiel. Soros is known for his use of options to hedge against currency and market risk, and he famously made a fortune by betting against the British pound in 1992.

Can I make 1000 per day from trading?

The stock market is inherently risky, and there are no guarantees of daily profits, but with patience and consistency, you can increase your chances of success. This guide will walk you through steps and insights to help you work towards your ₹1000 per day goal.

What is the 80% rule in trading?

Definition of '80% Rule'

The 80% Rule is a Market Profile concept and strategy. If the market opens (or moves outside of the value area ) and then moves back into the value area for two consecutive 30-min-bars, then the 80% rule states that there is a high probability of completely filling the value area.

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.

What is the 80 20 rule in trading?

The 80-20 rule, also known as the Pareto Principle, states that 80% of all outcomes result from 20% of all causes. In business, this means seeking the most productive inputs that will generate the highest outcomes/returns.

Can you make $200 a day day trading?

Technically, yes, it is possible. But with that said, you will have to have a significant amount of money to trade with that you can earn a return off of. Unlike what you hear, trading options isn't about hitting one winning YOLO trade after another.

Who is the richest day trader?

Jim Simmons holds the title of the wealthiest day trader, boasting a staggering net worth of $28.6 billion. He is an American hedge fund executive, generous philanthropist, and a billionaire.

Do day traders pay taxes?

More and more people are getting involved with day trading. Win or lose, you'll need to report your activities on your taxes, and pay taxes on the money you make. The good news is, you're generally taxed less than your regular income, and as a day trader, you could have added tax benefits.

What is the 11am rule in trading?

The logic behind this rule is that if the market has not reversed by 11 am EST, it is less likely to experience a significant trend reversal during the remainder of the trading day. This is particularly relevant for day traders who typically close out their positions before the market closes at 4 pm EST.

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 are good trading hours?

The opening period (9:30 a.m. to 10:30 a.m. Eastern Time) is often one of the best hours of the day for day trading, offering the biggest moves in the shortest amount of time. A lot of professional day traders stop trading around 11:30 a.m. because that is when volatility and volume tend to taper off.

Does Warren Buffett use options trading?

Options offer strategic advantages in different market environments, and many professional investors use them to their advantage on a regular basis – even Warren Buffett, king of buy-and-hold value investing, uses them as part of his strategy.

What is the most successful style of trading?

This is possible since day trading is one of the most profitable types of trading out there. But what exactly is Day trading? Well, day trading means the trader is opening and closing the position during one day of trading. When a trader opens a trade at 7 PM and closes it before 11 PM, this is known as day trading.

Who is the king of option trading?

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

How much do you need to make $100 a day trading?

You're really probably going to need closer to 4,000 or $5,000 in order to make that $100 a day consistently. And ultimately it's going to be a couple of trades a week where you total $500 a week, so it's going to take a little bit more work.

How to make $100 a day?

How much can a day trader realistically make?

Many profitable traders attest to the importance of proper risk management. Self-funded traders set their risk management rules. How much do day traders make per month? Typically between $4,000 -$12,000 on average.

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?

In short, macroeconomics is arguably the most important determinant of equity returns. This fact leads to what I call the “Golden Rule for Stock Market Investing.” It simply says, “Stay bullish on stocks unless you have good reason to think that a recession is around the corner.” The evidence for this is strong.

What is the 5 rule in trading?

It dates back to 1943 and states that commissions, markups, and markdowns of more than 5% are prohibited on standard trades, including over-the-counter and stock exchange listings, cash sales, and riskless transactions. Financial Industry Regulatory Authority (FINRA).

What are the 7 golden rules of trading?

Successful day traders follow key principles of understanding the market, setting realistic goals, managing risk, having a trading plan, monitoring their performance, staying disciplined, and taking breaks. By following these rules, you can maximize your profits while minimizing losses in day trading.