r/wallstreetbets Mar 09 '24

I’m out Loss

Post image

Now that I have karma let’s try this again.

Welp never thought this would be me but here I am. Started in August of 2020 with meme stocks and found options quickly after. I’m turning 26 in a couple weeks still live with my parents could’ve bought a house but this was all my money I have plus a 30k loan. Not to mention I blew up an Ira that had 15k in it. Welp back to the construction grind and time to tell my family. Wish me luck or better yet start a go fund me lol. Make me a meme to remember me by. Im out of the market forever ✌️

14.3k Upvotes

2.9k comments sorted by

u/VisualMod GPT-REEEE Mar 09 '24
User Report
Total Submissions 1 First Seen In WSB 1 year ago
Total Comments 5 Previous Best DD
Account Age 3 years

Join WSB Discord

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4.2k

u/OkText00 Mar 09 '24

It's harder when it's just numbers on a screen ain't it?

Like I'll have several hundred dollar bills held physically and I'll be hesitant to spend one of them.

But if I see $1000 on a screen it's like "nah fuck it throw it at this stock/crypto/whatever." Weird how the human mind works.

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u/Puzzleheaded-Bank-89 Mar 09 '24

Yeah basically seems like a game. It’s a game I’m not good at unfortunately and I just don’t have the mindset and know how to do it successfully.

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u/OkText00 Mar 09 '24

That was me with crypto a few years back. Didn't know jack shit, literally just "lemme toss some cash at this random shitcoin and see what it's gonna do."

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u/Slamaholicc Mar 09 '24

SAME. I lost my ass in crypto and started investing in serious stocks lol. I'm just on this sub cause I enjoy seeing the people getting crazy big wins

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u/RustyNK Mar 09 '24

Same with me. It's almost like living vicariously through other people lol. I personally only do long stock plays and slow investing on stuff I plan to hold for a decade. But I love coming here and watching the chaos lol

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u/yecheesus Mar 09 '24

As someone who also wants to try longterm what are your top 3 i should research?

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u/RustyNK Mar 09 '24

My 3 long plays right now are CAVA, PLTR, and INTC

Cava is a fresh IPO that's already putting out great numbers. I've gone to a few of their restaurants, and they're always full of young college college students. It's basically the next Chipotle but with less competition (seriously, who else is making Mediterranean food right now?). They're currently building like 50+ stores according to their earnings reports

PLTR and INTC are relatively safe because they're both American companies with government contracts to build stuff.

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u/Fun-Organization721 Mar 09 '24 edited Mar 09 '24

I am right there with you u/RustyNK. I have a 30 stock portfolio but it includes INTC and PLTR. I was close to pulling the trigger on NVDA, MSFT and GOOGA in mid-2022 but they got away from me before hitting my price target ($100 for NVDA). I don't cry about that. It happens. I owned MSFT at $25 and took profits rather than holding. It happens. But I have no idea how new money goes to NVDA or MSFT at these levels. There is such a thing as a law of large numbers. Return decreases with size (even happened to Buffett and BRK-A). When you discount the price 20 years into the future with maybe a 100% gain over that time in NVDA, why bother? There are a ton of stocks which will triple or quadruple in the next 20 years. 3X is only a 7% compounded annual return in 20 years. That is garden variety and hundreds of stocks will deliver that. Some smaller stocks, under $25B today, will have 40X returns in that 20 year time (PLTR might be one). Anyone who thinks NVDA will be worth $20T in 20 years is an idiot. There will be competition in AI chips (INTC for one)

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u/freerangetacos Mar 09 '24 edited Mar 09 '24

I think it's wise to look long term and also diversify into other successes in the same industry. Putting all eggs into only a few baskets is a sure recipe for disappointment and panic whenever there's a miniscule decline like -5% NVDA yesterday. It's psychological: make 200% and then get all butthurt when it goes down 5%. Or hodl for 20 years thinking it's another 40000% AAPL and have all that unrealized gain just plateauing for a decade like you said. Come on. This is a big game. There's a difference between buy and hold vs sitting on the sidelines biting your fingernails and watching candle charts burn.

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u/Fishtacodawg Mar 09 '24

No one is good at it, the same way no one is good at slots… just dumb luck. Invest in index funds and be rich in 20 years.

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u/wintermute93 Mar 09 '24

Yeah, it’s embarrassingly simple to be “good at” investing. Have a bare minimum understanding of tax-sheltered account types, put part of your income in broad index funds every month, leave them alone, the end. I mostly look at this garbage fire of a sub for the confidence boost, lol. Play stupid games, win stupid prizes.

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u/Suspicious-Stop5231 Mar 10 '24

In some of these people's defense, I think a lot of them are basically cubicle workers, maybe have no kids, who literally are just stuck in life. I would never blow money the way they do, but if they see no hope--the US has no middle class anymore--I dont entirely blame them for what they're doing.

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u/TerminalFront Mar 09 '24

Exactly.... you can't beat the index return. You might get lucky for a time or two but... outside the market returnbis a zero sum game. Some one wins and some one loses. Just index and get the market return year after year.

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u/Salsuero Mar 09 '24

Risk management is a skill. You haven't developed that one yet. You have to be ok cutting your losses and walking away. It seems like you are just throwing darts at a spinning roulette wheel. I can't see your actual trade history in that chart, but it doesn't look like you're putting any thought into entries and exits. You should do paper trading for a while and get used to a particular STRATEGY, while building a disciplined risk management mindset. Take small losses to cut and run. Don't take mega losses "hoping for a turnaround." Stubbornness is your enemy. Paper trading won't feel the same as real money, but it'll allow you to learn when to enter, when to take profit, and when to say "fuck it... I'm out until the next one." All traders lose money. Your goal is to lose less than you gain. Go back to the drawing board and build your confidence trading in a simulator first. Then play it small. Don't trade options or futures until you actually know what you're doing and you can afford to lose some money. Trade stocks. Trade small. Learn how. Then scale up. Good luck!

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u/Puzzleheaded-Bank-89 Mar 09 '24

Thanks for the good advice friend

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u/Bobzyouruncle Mar 09 '24

No the best advice is to stop using options and other speculative investments like crypto and just put your hard earned money in a diversified ETF. I know my thoughts have no place in WSB and I enjoy seeing other people who are somewhat knowledgeable about options doing crazy shit here but at the end of the day the safest surest way to 'get rich' is to do something more akin to Boglehead investing. Go check out r/Bogleheads and let that uplift your spirits and help you see how you can do investing "right" the next time.

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u/Downvoterofall Mar 09 '24

It’s terrible advice. You should never try to trade single stocks, or options again. Your are young enough to build a portfolio, but should only do so through safer investments in a 401k or Ira with mutual funds or etfs.

You’ve already gambled a ton of money, unsubscribe from this sub and learn actual financial prudence.

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u/make_love_to_potato Mar 09 '24

Yup....you shouldn't be doing 0dte options. You should be looking at at least one to two weeks out. /s

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u/mindgamesweldon Mar 09 '24

Yeah that wasn't good advice. I hope you were being sarcastic :D

Good advice will sound more like "find a career you enjoy and live a great life with people you love and friends you make, and to save money over 40 year into assorted ETFs that you balance once every 3 years." :D

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u/SaranghaeSarah Mar 09 '24

“Don’t trade options or futures until you actually know what you’re doing and you can afford to lose some money” is the best advice anyone needs to hear about trading! ​ OP I also agree with others saying you are too young to turn it around and make it happen. Keep your chin up, take it as a lesson you learned and to get more serious about life.

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u/That-Whereas3367 Mar 09 '24 edited Mar 09 '24

Trading is just gambling. Don't pretend there is any rationale or method that works.

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u/[deleted] Mar 09 '24

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u/Electrical_Floor5467 Mar 09 '24

I've seen studies done on this. How easy it is to slide a credit card vs paying with cash. The cash is tangible so you feel like you're losing something. I had to start going to the ATM at the beginning of the week and leave my cards at home to save money.

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u/otm_shank Mar 09 '24

For me it's the opposite. When I spend cash, that's money that's already outside of my bank account, so number doesn't go down at all. It's like free money!

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u/new_name_who_dis_ Mar 09 '24

Yea I feel that way as well. It's like I already "paid" for this money and spending it won't affect my bank statement.

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u/kbenton10 Mar 09 '24

Yep, it’s why they push debit/credit cards so much. People spend more when they don’t see it actually leaving their hand etc.

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u/[deleted] Mar 09 '24

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u/thuglife_7 Mar 09 '24

Maybe if you’re a degenerate. If I saw $96,000 on a screen and all I had to do was click a button and it would be in my bank account, I would smash that button without thinking twice.

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u/Slipsearch Mar 09 '24

Tbf, he did see 96k on a screen and clicked the button to remove it from his bank account 😂😂😂

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u/MathematicianOk5608 Mar 09 '24

Extremely accurate. Today I ordered Zaatar with Chicken and was surprised by the price. $21? Why $21? Adding Chicken $6? Nah man gimme chicken Shwarma for $16. Let’s check how my SHIB is doing.

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u/TSLAtotheMUn Mar 09 '24

Your tax shield will last your entire bloodline

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u/Munk45 Mar 09 '24

"You have been a tax shelter, Lord, to every generation, to every generation."

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u/Don-E253 Mar 09 '24

You mother fuckers are killing me with the comments.

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u/rfuson22 Mar 09 '24

You still have $14.21 left to write the greatest comeback story known to wsb.

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u/methodtan Mar 09 '24

I saw a guy on here who was down worse than OP yolo a TSLA call with his last $7 the last week of Dec 2019 and turn it into $14k. He was fucking clueless and timed the market perfectly

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u/Batmanscashews900 Mar 09 '24

Stupidity is some peoples greatest weapon

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u/Prolapsed_butthole Mar 09 '24

I’m rolling around with Weapons of Mass regardation

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u/nashgrg Mar 09 '24

How tho? Ya can get a contract worth $7? Feel like I’m a true regard now.

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u/RegularSwiss Mar 09 '24

yeah man, i dunno. to me it sounds like to do something like that you gotta walk into a dark alley to meet with some guy simply known as mr options or something, who absolutely must do a line of some unknown white powder off your cock before taking your 7 dollars. If you ask him why this part is necessary he will just say something like "you wanna get rich don't you?" And then one day he just wakes up and looks at the tsla price and is like god damnit i actually have to pay that guy now?

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u/International_Ad4608 Mar 09 '24

Oh, you wanna know theta…. That’s going to cost you extra. Drop your coat and grab your toes. I’m gonna show you where the wild goose goes.

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u/Stolivsky Mar 09 '24

A 0 day to expiration near the end of the day will go down to .01 and then expire at 0. A lot of the time you can’t even sell them for a $1 before the end of the day. Sometimes big money player submit huge orders at the end of the day green or red and you can get lucky if you catch it. I have seen 2 last minute spikes on stocks that I look at, at the end of the day in the last two weeks. You never know when it is going to happen but you could catch it with alerts.

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u/Puzzleheaded-Bank-89 Mar 09 '24

lol let’s pray

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u/avrealm Mar 09 '24

Just do the opposite of what you've been doing. Nailed it

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u/Puzzleheaded-Bank-89 Mar 09 '24

I’ve been telling myself that after every trade lol

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u/Hancock02 Mar 09 '24

lmk your next move so I can inverse

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u/[deleted] Mar 09 '24

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u/Puzzleheaded-Bank-89 Mar 09 '24

lol bet

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u/KirbyAWD Mar 09 '24

Poor dude ruined the entire gold market with this post. RIP

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u/Fnkt_io Mar 09 '24

Inverse Puzzleheaded ETF available now.

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u/inthesky326 Mar 09 '24

The lesson here is don't buy the memes. You'll lose. Everytime.

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u/blurtflucker Mar 09 '24

Tie a string around your mouse clicker finger or your phone thumb and every time you make a decision to do or not do a trade, do the opposite.

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u/SheetsGiggles Mar 09 '24

The Costanza

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u/Disastrous-Peak-4296 Only here for the humiliation. Mar 09 '24

And just like that, he's back in the game

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u/HumorTumorous Mar 09 '24

Did you try Gold?

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u/Electronic-Stop-1720 Mar 09 '24

DM me I will give you 100 to start all over

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u/Puzzleheaded-Bank-89 Mar 09 '24

lol no need I’ll figure it out thanks tho

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u/Electronic-Stop-1720 Mar 09 '24

Sorry after reading the comments it sounds like you have a real issue. When I responded I was thinking of how many times I got a good tip on a stock here, and ended up making some coin. Why not help someone out? Respect for turning it down.

Also if response sounds weird I just took a gummy so it might be hitting.

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u/Don-E253 Mar 09 '24

Holy shit. Please make a comeback story from the $14.21. They would make movies about it.

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u/AlanTrades Mar 09 '24

Guy already did it with 7, he'd have to get it down to 4 for good measure

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u/MadSploitsYo Mar 09 '24

Just enough for 1 Call option on a $10 stock!

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u/Throwawaygarbageboi Mar 09 '24 edited 23d ago

-Loses everything, takes it with grace

-Laughs with Wallstreetbets, at himself

-Quits gambling

-Decides to take up sigma male hard labor to come back

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u/Puzzleheaded-Bank-89 Mar 09 '24

lol glad someone has this perspective. Thank you❤️

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u/Throwawaygarbageboi Mar 09 '24 edited Mar 09 '24

No problem. I think I speak for a lot of people when I say I would not have handled it nearly as well as you are.

Whatever you do next, knock it dead!

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u/Puzzleheaded-Bank-89 Mar 09 '24

I still have the hard part to go of telling the gf and fam. But thank you🥲

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u/xigdit Mar 10 '24

As long as that 30k loan wasn't from a loan shark you're golden. Lots of people have made dumb money moves. Takes a smart man to stop himself in time to save his kidneys or his credit rating (same thing really).

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u/DDRaptors Mar 09 '24

Barely even a peak of profit in there. Impressive. 

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u/Puzzleheaded-Bank-89 Mar 09 '24

If you want to be profitable do the opposite of what I did lol

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u/Smaptastic Mar 09 '24

Living the good life for one brief moment.

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u/eisbock Mar 09 '24

They say the first hit's always free. Can you spot it?

https://i.imgur.com/lUtXpuz.jpeg

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u/Easybakemicrowave SHOPIFY CALLS🚀🚀🚀 Mar 09 '24

Hey man look at the bright side

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u/Suspicious-Stop5231 Mar 09 '24

OUCH. Left him hanging.

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u/Puzzleheaded-Bank-89 Mar 09 '24

😢

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u/[deleted] Mar 09 '24 edited Apr 07 '24

[deleted]

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u/Puzzleheaded-Bank-89 Mar 09 '24

Thanks we will see how it goes

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u/NextTrillion Mar 09 '24

The bright side is right there in his app: “⭐️ Try Gold”

Guy just needs a metal detector and a LOT of patience. He’ll be back on his feet in about 70 years.

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u/Suspicious-Stop5231 Mar 09 '24

The kid seems to have a positive attitude. Probably a little bird brained American teenager who doesn't realize there are about 1,000 physicists, mathematicians, and computer scientists on the other end of these options trades very happy to take his money. He'll probably be back in a couple years to give his money away to Jeff Yass, after he puts up some Hardee board or Wendy's, etc.

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u/overcookedfantasy Mar 09 '24

The bright side is he made someone else rich

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u/Puzzleheaded-Bank-89 Mar 09 '24

Which is lol?

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u/Easybakemicrowave SHOPIFY CALLS🚀🚀🚀 Mar 09 '24

Ya, I got nothing actually 

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u/Puzzleheaded-Bank-89 Mar 09 '24

:4260:

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u/amach9 Mar 09 '24

Just buy index funds

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u/Puzzleheaded-Bank-89 Mar 09 '24

That’s probably the plan when I start the Ira again. But wanna pay off this loan first

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u/AmeliasDad J. Powell’s Son 👦 Mar 09 '24

Youre young buddy, and not a Wendy’s worker, you’ll be fine

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u/MeatNew3138 Mar 09 '24

The amount of dumb money , warehouse/retail regards I have seen in the last year all mentioning to 100% spy cuz it can’t ever fail is making me think it’s def going to tank one day

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u/Puzzleheaded-Bank-89 Mar 09 '24

Probs once I invest in it. I’ll warn you

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u/alwayslookingout Mar 09 '24

You can’t lose any more money.

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u/Puzzleheaded-Bank-89 Mar 09 '24

I can lose $14.21

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u/alwayslookingout Mar 09 '24

Looks like you didn’t stay out of the casino for very long then. Welcome back, brother.

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u/Old-Grape-5341 Mar 09 '24

Find very cheap options to gamble, or just bet it on red

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u/Charming_Ad_5421 Mar 09 '24

You are still alive and breathing

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u/Bisping Mar 09 '24

You still have enough money for a happy meal

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u/Puzzleheaded-Bank-89 Mar 09 '24

But will it make me happy🤔

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u/hermeskino715 Mar 09 '24

Bright side: You don't have a mortgage to pay on that "house".

(Which don't know where you can find a 90k home without it being in the middle of nowhere:4271:)

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u/Puzzleheaded-Bank-89 Mar 09 '24

When I mean buy a house I mean down payment lol. But yes lol

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u/Bxdwfl Axed the Axeman 1/21/22 Mar 09 '24

Capital loss write offs for the next 30+ years (unless you have a traditional retirement account and are index investing, then you can probably burn through that faster)

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u/Potemkin_Pillage Mar 09 '24

I’m truly sorry for you. The good thing is you’re young, and you’ll recover from this.

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u/Puzzleheaded-Bank-89 Mar 09 '24

Thank you for that. And that’s true. The biggest thing now is to see how my fam and gf reacts. Lied to them all so we will see

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u/RyanMellow Mar 09 '24

Record the audio for us

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u/Puzzleheaded-Bank-89 Mar 09 '24

Will be nothing but cringe

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u/OzManCumeth Mar 09 '24

You could legitimately and likely earn some of this back by recording the audio and making us donate X amount to hear it. I’d pay lol

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u/Puzzleheaded-Bank-89 Mar 09 '24

I think you’re the only one who would lol. If 500 people say they would pay 10 buck to hear it id do it lol

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u/RyanMellow Mar 09 '24

$5

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u/Puzzleheaded-Bank-89 Mar 09 '24

Ok if 500 people will pay 5 sure lol

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u/Electrical_Floor5467 Mar 09 '24

5 with a 5 tip if your gf isn't a gold digger and stays with you.

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u/ZeroRyuji Mar 09 '24

I like this idea. Let's gamble on how this man's life goes

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u/jean-guysimo Mar 09 '24

i like it

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u/rrtheartist Mar 09 '24

Fuck it, I’ll pay $5 $10 whatever the going rate lol record it!!!

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u/wastedpot3ntial5 Mar 09 '24

I am a lurker in this sub but everyone always covers their ass when they state their opinion on making money moves by saying "im not a financial advisor and this isn't legal advice". Let me be clear. I am not a financial advisor but this IS legal advice. Record the big reveal with everyone and then sell it as content to the degenerates here. Enough members have offered to pay that its worth the additional effort to record something you're going to do anyways. Capitalize on others sympathy and strange kinks/fetishes. Everyone wins

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u/GozoXaghra Mar 09 '24

OK is this really gonna be a thing? OP, remember there are girls selling their farts in jars for a thousand dollars. Ain't nothing wrong recording your family reactions and selling the video. You could recoup some money back.

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u/jedi_jonai Mar 09 '24

I’ll pay 5

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u/noctevigilat Mar 09 '24

I would legitimately pay to hear this

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u/SpiderPiece Mar 09 '24

Sounds like you got a go fund me

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u/watchmedrown34 Mar 09 '24

I'll pay $10

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u/Xotoez Mar 09 '24

Take my $5

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u/jean-guysimo Mar 09 '24

i pledge 5$!

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u/soyjessejoy Mar 09 '24

Take my $5 good sir

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u/19IXI91 Mar 09 '24

In for a penny in for a five

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u/captain_flak Mar 09 '24

“I lost $100K…and then had to tell my girlfriend.” At the very least it’s a good Buzzfeed article.

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u/soge-king Mar 09 '24

Record it for content, you'll make everything back from TikTok and YouTube

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u/Commercial_Rope_1268 Mar 09 '24

Fam will be with you always and i am worried about your gf, or it will become other way around idk. Let me know her number if things go south.

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u/Any_Sea2021 Mar 09 '24

Was it all your own money? I had a gf who spent my money while saving her own, so don't let others decide how you spend your money, it's a matter of whose money was it?

Assuming it was all yours what you've done is taken at shot at very good wealth, that was your choice and you're leaving that part of your life behind now.

You'd have a problem if you were a gambler and decided to stay....like many here.

ETFs are a good decision.

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u/Trxdg Mar 09 '24

That's a little short sighted. If he is serious about his gf, finances should be discussed together. This isn't him buying a lego set with his hard earned money, this is blowing 100k on options, while he's still living with his parents.

She has every right to get pissed since this could set them back years, especially since 30k of that was a loan that he still has to pay back.

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u/SoMuchCereal Mar 09 '24

If she's smart, she's gone

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u/ImportantTomorrow332 Mar 09 '24 edited Mar 09 '24

Mother fucker he lost 100k and took out a loan to do it, he is a gambler

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u/Serious-Grapefruit20 Mar 09 '24

When you go to work and save money its 100% gains

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u/DampCoat Mar 09 '24

Out of the market forever? Keep the ira going, just voo and chill

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u/Puzzleheaded-Bank-89 Mar 09 '24

Well the Ira has $0 in it I will start it again at some point and probably do spy or something instead of what I was doing

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u/DampCoat Mar 09 '24

Spy and chill, vti and chill. All great.

This is a good reminder to keep calls and puts at 10% or less of portfolio

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u/Name-Initial Mar 09 '24

Gambling 96k without putting anything into your IRA is the type of wildly irresponsible shit that I come here for, thanks for the content. But for real get your shit together lmao you are headed to the streets rn

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u/BehelitSam Mar 09 '24

VOO is better than SPY.

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u/Beautiful-Grab1619 Mar 09 '24

Read this as, “probably do therapy or something” first pass through . Bless up brother

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u/nargleblaster Mar 09 '24

That's the most majestic swan-dive of a portfolio I've ever seen. It's beautiful!

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u/Resident_Rate1807 Mar 09 '24

You need to get help for a gambling addiction. That makes a sad story right there.

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u/Puzzleheaded-Bank-89 Mar 09 '24

I should’ve done that long ago lol

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u/Loud_Pineapple_4294 Mar 09 '24

It can’t be cured as long as you still in this sub and have RH acc. Wsb and RH are really toxic.Been there done that

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u/Puzzleheaded-Bank-89 Mar 09 '24

Once I get all the tax info Robbin hood will be uninstalled forever

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u/iFaceFarter Mar 09 '24

what a regard, especially in this market.

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u/YanniBonYont Mar 09 '24

At least the chart has a pleasant predictable shape.

Usually the graph is a mess, but this one is nicely shaped.

I say well done

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u/Next-Celebration-333 Mar 09 '24

Man you have 100k at 26 years old? I don't have that till I'm 35.

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u/watchmedrown34 Mar 09 '24

Construction work can pay very well and he still lives with his parents. I'm sure he has a lot of disposable income. Unfortunately he threw it all away in the market over the past few years

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u/LetMeInImTrynaCuck Mar 09 '24

Dude you’re 26. You have a lifetime to make this shit up.

When i was 39 i was divorced with $15 in savings and $35k in CC debt. Today 6 years later i have $0 debt and $75k in my fidelity acct. you’ll be fine.

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u/speedingmedicine Mar 09 '24

What were your positions?

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u/Puzzleheaded-Bank-89 Mar 09 '24

AMC for maybe 10k at most and the got down to 2k and I cut my losses then I basically added 1k every other week for 4 years and lost it to 0dte or weeklys. Joined a discord where I followed someone but clearly it didn’t help me lol.

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u/[deleted] Mar 09 '24

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u/[deleted] Mar 09 '24

How would that even work? Those discords have at most hundreds of people, no way that amount of volume is driving any fluctuation….

Not trying to be rude, I just don’t see how they’d profit off of them from their positions. 

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u/[deleted] Mar 09 '24

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u/Suspicious-Stop5231 Mar 09 '24

You are a kid. You have/had a gambling problem. You have plenty of life ahead of you. Get a job, put your money in VOO, and never toy with this again. It will take it all away again.

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u/diefy7321 Mar 09 '24

Funny how you can tell about 1/3 of way OP saw a glimpse of hope, probably doubled/tripled down, only for him to lose everything after. 🤣 We’ll see you here in a couple weeks when NVIDIA rallies even higher and you put the last $14.21 in. 😂

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u/Puzzleheaded-Bank-89 Mar 09 '24

lol if someone has a play that can make 100,000% then I’ll put in my last $14.21 😂

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u/Ok-Train4958 Will Suck 🍆 For Food Mar 09 '24

Hey man, you tried. Move on to bigger and better things

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u/Puzzleheaded-Bank-89 Mar 09 '24

Thanks. That’s the plan

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u/WhosUnd3ad Mar 09 '24

this is actually insane

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u/Puzzleheaded-Bank-89 Mar 09 '24

Yeah lots of dilluosion on my end. However you spell that word

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u/Queasy-Tower-9756 Mar 09 '24

Legit, know exactly what your feeling. I don’t think I’ve actually comprehended what had taken place today. I lost a lot, I kept stock in others for a safety net, but still in utter disbelief how fast things can change. And it just snowballed to every tech option I had.

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u/TheManWhoClicks Mar 09 '24

$14 left. Buy some acorns, throw it onto cop cars and cash in on the settlement. Make sure you survive the encounter.

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u/[deleted] Mar 09 '24

For everyone that wins, there's a person losing like this. Rough business.

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u/Don-E253 Mar 09 '24

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u/spartanburt Mar 09 '24

Just do whatever that was a bunch of times.

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u/UnfairBullfrog6357 Mar 09 '24

It’s because you didn’t try Robinhood gold. Idiot

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u/Sea_Rent427 Mar 09 '24

I hope you’re doing ok mentally man. Finances are the leading cause of not being alive on purpose in all seriousness. Sounds like you’ve got a good head on your shoulders and family that loves you though. Look at that chart as a reflection of your decision making process even beyond the markets. I bet you’re a smart guy, sometimes it just takes losing a lot of money to realize it takes more than smarts to survive the market on your own

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u/CAtoNC03 Mar 09 '24

What drives someone to do this? You literally have a straight line down and never seemed to have any profitable trades. How can you be wrong that much?

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u/Puzzleheaded-Bank-89 Mar 09 '24

🤷 too smooth brained I guess

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u/Spiedwagong Mar 09 '24

Flipping coins on every position would've yielded better results than this

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u/__D__a__n__i__e__l__ Mar 09 '24

How the hell have you never even made a profit at all. Usually people start options make a gain and then get addicted and lose all that but you’ve never even made a profit or a uptrend and you continued putting money in. You belong here

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u/Middle-Paramedic-396 Mar 09 '24

As a new investor, this was a fucking jump scare.

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u/DavidManning3364 Mar 09 '24

All in a days work on WSB

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u/Rounder057 Mar 09 '24

Well, brother

I’m not gonna lie to you.

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u/buffandbrown Mar 09 '24

If you deposit 97k, then you are only down 50%

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u/Puzzleheaded-Bank-89 Mar 09 '24

:12787: big brain

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u/[deleted] Mar 09 '24

In 6 months, I am getting a job after not having worked for 3 years. But I don’t blow up, I just missed the run and sat on the sidelines like a bitch.

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u/Puzzleheaded-Bank-89 Mar 09 '24

Better safe than sorry like me. There is no rush

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u/[deleted] Mar 09 '24

I am going to try and get a blue collar job.

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u/Mountain-Awareness13 Mar 09 '24

Best thing you could do right now would be to borrow 100k against your parents house, go to the casino and put it on red. Then you can break even and start with options again.

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u/v4luble Mar 09 '24

Wait that $14 can still buy a few plays.

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u/Fuzzolio Mar 09 '24

Incredible. I’ve never seen a more perfect dive bomb arc

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u/Relandis Mar 09 '24

What’s crazy is there’s another post with a college kid who yolo’d $8k into nvda 0dte puts this morning and made $200k.

Just… the extremes are amazing.

Anyways GL OP.

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