I am not doing this post for attention or to ridicule Pres. As a matter of fact, I’m a big fan of his pizza reviews and love how genuine he is about his business. But he’s going to BLOW THE FUCK UP in the market. I’ve seen people like him come and go in this business for decades and they never ever make it.
The unique part about his situation is that he’s incredibly rich, trading his $3m+ E-trade account with FULL TRANSPARENCY throughout the day. It leaves him prey to bored hedge funders who might just take the other side of his trade for sport. He has negative knowledge about economics and really doesn’t even know how to place an order online. He takes ABSURD sized positions, like wistfully tossing HALF his account in GRUB the other day and then attempting to buy 50,000 shares of NKE today, and soon finding out he didn’t have enough finds to execute the trade. He’s even trading with DELAYED quotes, so when he places an order he’s basing it on prices of 15 mins ago and never gets filled.
Or how about when he sold 945 shares of LULU but pondered over it because he didn’t own any LULU.
I have no idea how insane he is with his sports gambling, but this shit is destined to end badly for him. Only by the grace of God will Portnoy survive the coming fires and it’d be a shame to have to watch him squander $3m in a live stream, just for the sake of needing to produce content.Twitter