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Options
Derivatives giving the right to buy or sell a stock at a set price — used for leverage, hedging, or income.
1 bites from 1 traders
The ARKK bubble and first lessons in loss — giving back 2020 profits
▶ 4m 40sBy early 2021, Tito's COVID stocks had multiplied 2.5x. Riding momentum, he moved into growth names and longer-dated call options just as ARKK topped in February. He gave back a large chunk of his gains and learned that what felt like skill was mostly luck in a forgiving tape. The experience introduced him to options more seriously and raised questions about capital structure — how much to risk in trading versus investing accounts — setting up a much harder lesson in 2022.
"I didn't realize at the time how lucky I was. Yes, I sort of without any skill timed the bottom — but 2020 was just so forgiving."
Tito Adhikary·2,115% Return: How Harvard Cancer Scientist Tito Adhikary Beat Wall Street·Trading PsychologyRisk Management