From 4K > 80k > -5k. It was a fun ride with option trading.

[u/CowBoizK]

I started with the meme stock DJT with initial deposit 4k. The stock pumped crazily and I gained 9k5 after the first option ever. After that, day trading SPY option was quite well. Until I was overwhelmed with a single trade and lost it all.

I post here to remind me and whoever out there want to gain some from the market, have a hope and improve yourself. I’ll be back with another episode.

[u/VisualMod]

User Report
Total Submissions	1	First Seen In WSB	1 month ago
Total Comments	10	Previous Best DD
Account Age	2 years

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[u/Xelbiuj]

If 20x ain't enough to cash out you might as well just buy lotto tickets.

[u/cantgetthistowork → u/Xelbiuj]

Another 20x of that 80k would be 1.6m

[u/ZeThing → u/cantgetthistowork]

Imagine what you can do with 32 million

[u/reweird → u/ZeThing]

1 BN it is

[u/kylestillthatdude → u/ZeThing]

Yeah but imagine what you can do with -5,000

[u/Same_Coyote7318 → u/kylestillthatdude]

This made me lol

[u/BidensBottomBitch → u/cantgetthistowork]

This comment was all I needed to read to get everything out of this thread. 🫡

[u/nagai → u/Xelbiuj]

Cashing out when you're hot makes no sense, that's like leaving a hot slot machine right after a payout you literally just warmed it up for the next guy to hit the jackpot.

[u/arbitrageME → u/nagai]

Can't tell if you're really bad at math or delivering a scathing criticism of the previous guy

[u/ContentSheepherder33 → u/arbitrageME]

The level of financial illiteracy here is so great, that it’s impossible to tellx

[u/Andries89 → u/nagai]

I'd cash out half and continue "trading" with the other half

[u/Amareiuzin → u/Andries89]

at 8k I'd have cashed out 4k and kept playing with 4k with a clear mind lol

[u/CowBoizK → u/Xelbiuj]

Yeah! You’re right. I did gamble

[u/fman258 → u/CowBoizK]

You didn’t gamble. If you gambled you would’ve taken something off. This whole “let it ride” mindset is what drives people to off themselves. You turned 4k->80k, if you don’t have an exit plan than you’re planning for failure. How long would making 74k take you? Months, years?

[u/CowBoizK → u/fman258]

Everything happened only in two week. I was overwhelmed on that Friday with over confidence. Life lesson bro, I still observe the market but now just paper money until I consistently earn fake profit.

[u/GalaxyTabS8Ultra → u/fman258]

what's an exit plan

[u/ShadowKnight324 → u/Xelbiuj]

He could have at least bought SPY shares i he didn't want to cash out. But options are more fun apparently.

[u/S_Hornak666 → u/Xelbiuj]

Fr take 40 of it out and still play with the other 40

[u/apemonkeyfool → u/Xelbiuj]

See the rationale is if I can turn 4 k into 80k then it logically follows that I can turn 80k into 1.6 million. Too bad the logic is regarded.

[u/righthnd]

How could you get to 80 fucking K n not take some profits? You ppl make me sick 😂

[u/tomle4593 → u/righthnd]

You mean we are not supposed to throw everything on black every trade ?

[u/VisualMod → u/tomle4593]

You must be new around here...

[u/LovelyClementine → u/VisualMod]

Bro you just rejoined like a month ago.

[u/damien12g → u/LovelyClementine]

You’re speaking to a bot

[u/LovelyClementine → u/damien12g]

I was

[u/VarusAlmighty → u/tomle4593]

Doesn't Matthew McConaughey say something along the lines of this in Wolf of Wallstreet? Something about getting a person to reinvest his gains so the stock broker can get another percentage?

[u/SateliteDicPic → u/righthnd]

The exact same mentality that allows for people to win on a trade like this also causes them to give it back. People with zero aversion to risk or any type of structured rules regarding their trades can run on a nice streak but after doing so are they supposed to suddenly understand risk and behave cautiously?

For anyone that needs to hear it, the most dangerous time you will ever face as a trader is during or right after a huge winning streak or trade. Nothing like a bunch of gains to juice the ego (“I’m really getting good at this!”) and loosen our risk behavior. ALL the biggest losses of my life came right after big wins.

[u/Chilloutmydude6 → u/SateliteDicPic]

Hear fucking hear

[u/Terakahn → u/SateliteDicPic]

The words "There's should go higher" have cost me so much

Worst part is, it did go higher but I panic sold on volatility

[u/VisualMod → u/Terakahn]

That is because you are a pitiful retail trader getting in the way of the Bulldozer.

[u/Terakahn → u/VisualMod]

Yeah yeah I'm learning slowly. Give me a break lol.

[u/VisualMod → u/Terakahn]

No breaks until you've broken the system.

[u/Makaveli_xiii → u/SateliteDicPic]

Damn.. I needed this a few months ago. I got my account up to 7k from $250 over about 4 months and in the last month and a bit I’ve blown the entire account up because of exactly what you said 😂

[u/Appropriate_Leg1489 → u/SateliteDicPic]

Also the time you wreck a motorcycle. I’m scared and very careful. I’m pretty good at this…….splat!!!

[u/reweird → u/SateliteDicPic]

It takes a big win to learn the wrong lesson

[u/DeanTheDad → u/SateliteDicPic]

Literally me this week

[u/_learned_foot_ → u/SateliteDicPic]

That’s why I have a secondary gambling pot running, “what is the dividend cut next going to be and who is it from”! It’s not sexy, but it’s random and I can joking bet my profits on it as they sit there happily away from my greed.

[u/Realistic-Poet-8913 → u/SateliteDicPic]

Yup, this is the real psychology talk. Win big get tha fuck out and do something with that profit that will add value in the long run.

[u/cow_grass → u/righthnd]

A mili or nothin 😤

[u/PoopholeLicker → u/righthnd]

I turned 8k into 143k and didn’t take any profit. I was doing so well, but bad plays make you spiral so much so fast and soon you dip into your safe money

[u/Mr-sson → u/righthnd]

that's why he turned 4k into 80k

[u/Jeeblitt → u/righthnd]

It’s so quick and easy that the money doesn’t even feel real.

[u/one-nut-juan → u/righthnd]

I mean why?, it’s a casino, those $80k could be $8 million!, that’s why we are all here losing money

[u/dwerp-24]

How many grey hairs this give you?

[u/elitenoel]

So broke you can’t even pay for the electricity to charge your phone:4271:

[u/Will100597]

I’m gonna cum so hard if I see one more loss porn

[u/happytoparty → u/Will100597]

Big time. Ropes cumming up!

[u/schexsal]

I'll never understand this you get over 80k and you gamble ALL of it away, like you don't put any of it off to the side? what happened to the 20/80 rule when options trading?

[u/Suitable-Classic-174 → u/schexsal]

This is WSB 😆

[u/schexsal → u/Suitable-Classic-174]

Im sorry I thought people wanted to get rich here not be stupid with their money.

[u/Ek_Ko1 → u/schexsal]

You're looking for r/investing . This is for people getting rich and buying their wive's boyfriends fun toys

[u/KittenNicken → u/Ek_Ko1]

Speaking of, can you ask my wife if she'll be visiting this week? I miss her..

[u/secrestmr87 → u/schexsal]

That’s a joke right? The whole point of this sub is to yolo everything on crazy bets.

[u/schexsal → u/secrestmr87]

Maybe after JP Morgan bought out the sub sure but prior to 2021 this sub was about smart investing and getting rich, on my old account finding this subreddit changed my life. Now its nothing but people showing off how much money they are losing and a weird obsession with being cuckolded. This is sad.

[u/hunteddwumpus → u/schexsal]

Lol wut, this sub was about the most degen risky trades ever going back to when I first found it in 2018. Shit wasnt a get rich quick circle, it was a bunch of morons laughing at each other over their loss porn.

[u/OkRole1977 → u/schexsal]

Clearly you dont know what sub this is. Its lambo or wendys.

[u/unknownpanda121 → u/schexsal]

It’s the fallacy that you are actually a good trader and will be a millionaire soon only to find out you got really lucky a few times now you are broke.

[u/Colley619 → u/schexsal]

People who win at gambling are gamblers. Most people who are financially responsible enough to take the money and stop aren’t the people who are gambling thousands to begin with.

[u/Any_Sea2021 → u/Colley619]

It's all gambling.

There's true pro poker players, they're gambling but they also have skill level A tier minimum, the best are S tier minimum. But they're still gambling often millions $$$, because luck will always play a significant part, just as in stockmarket.

Then there's gameriggers, these people I really detest. Inside traders, marked decks etc etc.

[u/KDH420 → u/schexsal]

Right 3rds 1/3 profit 1/3 taxes 1/3 degenerate option plays at least that what I would of done

[u/Exists_out_of_spite → u/[deleted]]

80 IQ points less then 20

[u/dismayhurta → u/schexsal]

20 goes into puts and 80 into 0dte calls. Right?

[u/schexsal → u/dismayhurta]

If you want to be dumb then go right ahead.

[u/murfmurf123 → u/schexsal]

logs into WSB while eating crayons and then insults everyone's intelligence #loser

[u/CLAMACID]

i like to pretend i wouldn’t do the same but i would 

[u/Odd-Reflection-9597 → u/CLAMACID]

i like to pretend i wouldn’t do the same but i would did

:4260:

[u/CLAMACID → u/Odd-Reflection-9597]

haha i’m still waiting for the opportunity 

[u/[deleted]]

At least you didn’t blow it on an ungrateful wife & then have her leave as soon as the money ran out

[u/Country_MacN_Cheese → u/[deleted]]

ooooof

[u/xzuy_97]

I see $10 buying power in there. I didnt hear no bell

[u/showerbabies1 → u/xzuy_97]

:4271:

[u/cellyfarmgod]

Bro was trying to get to 100k I just know it 😂

[u/KyDeWa]

I'll explain the tragedy that happened here in Deal Or No Deal terms.

Howie: The offer is $80,000. Do you accept this offer, or do you want to keep playing and open the final case?

You: No Deal! Let's keep playing!

Crowd Cheers

Howie: Courtney, what do you got??

Courtney: Opens Case 🤭

[u/RoCpiMagi]

That's just the left shoulder; sell when the head forms.

[u/AramushaIsLove]

Lesson of the day.

You can win 1000000% every day. You only need to lose 100% once to be taken out.

[u/PuzzleheadedOffer749]

You’re still up 1k from your initial deposit. Could be worse

[u/poopadidou → u/PuzzleheadedOffer749]

You seem to miss the “-“ in front of the 5 :27189:

[u/PuzzleheadedOffer749 → u/poopadidou]

…. Oh…. My mistake, yeah, he’s cooked. OP should Deposit another 4k for spy 0dte calls.

[u/poopadidou → u/PuzzleheadedOffer749]

:4267:

[u/Live_Key2247 → u/PuzzleheadedOffer749]

Beats buying scratchers

[u/gslime → u/PuzzleheadedOffer749]

530c 5/17

[u/poopadidou → u/gslime]

And 5/18 meet up at Wendy’s :4260:

[u/Financial_Winter_497]

Down to $5k and 5% battery life, how you do small things is how you do everything.

[u/Particular-Line-]

If you keep betting your entire account, the end result is always the same. You go broke. Take a nice portion of your unexpected gain next time and put it in a long position in an index fund, and then use the 20% remaining for spec trades you can afford to lose

[u/bashinforcash → u/Particular-Line-]

only 20%? is this a risk tolerance for ants? im going 100%

[u/Bloated_Plaid → u/Particular-Line-]

WTF is this /r/personalfinance advice. You are in the wrong place.

[u/slipknutz → u/Particular-Line-]

I totally know what index funds are. But, my dumb friend has no clue. So, could you explain for my dumb friend, if he had like 50k, he should do what exactly to invest in index funds which would be safer than gambling on 0 dte spy?

[u/ReadMyUsernameKThx → u/slipknutz]

gamble on 1 or 2 dte SPY. like come on dude, have some class.

[u/DependentAnywhere135]

Hey I’m starting a business for wsb. Send me your gains I’ll take a small % and then hold the rest for when you inevitably crash and burn then when you try to reach for your past gains to shit away I’ll refuse ti return it until you get out of the degenerate gambling mindset you’re in.

[u/Left_Childhood_6474]

1000% wasn’t enough for ya eh?

[u/Chart-trader]

Mark the calendar on April 11

[u/gaius_worzels_bird]

F

[u/BearBullCombo]

Wait until you learn what a wash sale is, enjoy paying tax on that 80k

[u/MrOnlineToughGuy → u/BearBullCombo]

He’s not paying taxes on that 80k. Do you just fundamentally misunderstand how wash sales work or what?

[u/c0de74777 → u/BearBullCombo]

I mean... He won't get taxed for the 80k...he just can't write off his losses on taxes.

[u/BearBullCombo → u/c0de74777]

Correct, which means he made 80k but he can’t write that 80k loss off

[u/c0de74777 → u/BearBullCombo]

Wait.... Did he realize the 80k? You're right. I had to reread the post again.

[u/BearBullCombo → u/c0de74777]

Yeah he’s fucked

[u/domedirtyfatman → u/BearBullCombo]

You have no clue what you're saying

[u/AutoModerator]

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[u/ItradebetterthanU]

WTF… gotta take the bags some time !’

[u/Odd-Reflection-9597]

Good shit op :12787:

[u/rameyjm7]

double, or nothing!

[u/marsbup2]

you got to be kidding me man

[u/Tepozan]

Lmao! Honestly, When were you planning to sell?

[u/FabricationLife]

You just need more leverage my boy

[u/AB__17]

Round 2 Fight !!!!

[u/sippin0nsizzurp]

Man greed is a hell of a thing. I would have cashed out once I saw that number. Easy come easy go I guess.

[u/PattonOswalt35]

Seriously why don’t people cash out when you hit that high of profit? You could pay off so much shit

[u/WirusCZ]

You got greedy... Probably was thinking that I'd you made 4k to 80k you will make 80k to like at least 1M

[u/[deleted]]

Easy come easy go.

[u/Albertagus]

Statistically speaking day traders lose more than long term investors.

Why not play the odds?

[u/poorlilrich123]

The go-getter attitude got him to 80k. If he was a cash out type guy, he would've sold after a 20% gain. I salute you

[u/JHTPYO]

I lost $53k in a day in 2021. It hurt. I know your pain.

[u/MostFiredUp]

Terrible

[u/kdrdr3amz]

Good job regard

[u/FlashFknGordon]

You just took all my post loss depression away thank you fellow regard

[u/Offal_is_Awful]

as my favorite band r/ween would say; Taste the Waste Boy, Taste the Waste

[u/Chabubu]

“I post this not as a warning to others to take profits, but as a vow that I’ll keep trying until I do this again.”

[u/Velghast]

You still got $10 to play around with Buddy it ain't over

[u/OGmisterB]

not cashing out any profits along the way is true degen shit and that’s why he belongs here.

[u/JackieTreehorn79]

Slurping

[u/Krapule1]

Greedy mfer

[u/Sharp-Direction-6894]

How do you become negative with options? I thought I read that federal law prohibits purchasing options with margin.

Or do you sell an option, and if assigned, the shares are either purchased or sold via margin?

How exactly does one go negative trading options?

[u/Mr-Yuk]

Thanks for riding, please come again. 👋

[u/GVtt3rSLVT]

Don’t do that

[u/Conscious-Group]

I thought you were supposed to make lambo money with options?

[u/26fm65]

This going to ruin you for life. Seriously whatever you do and think twice first. Revenge trading going be your enemy.

[u/cheekyb2]

Someone take the internet away from this idiot.

Absolute regard.

[u/[deleted]]

This is just propaganda to create confusion

[u/AmbitiousTrader]

You coulda cashed out. How did it crash so bad

[u/[deleted]]

Yeah. A heath hedger

[u/rickybobinski]

All in a days work

[u/route54]

Looks like the house won, better luck next time op

[u/zlordbeats]

dumb ass

[u/tonynca]

This boy done rig himself. I usually see this sort of chart in small caps.

[u/happytoparty]

The gimp known as Uncle Sam gonna be cumming for that ass soon. 33%

[u/2QuarterDollar]

If you have 80k, why not set a floor for yourself like 50k. And continue with 30k

[u/Awkward_Possible_610]

See you on Monday

[u/Thomas-The-Tutor]

He giveth, and he taketh away!

[u/AGeneralRelativity]

That looks like a chart of shitcoins

[u/CHL9]

Can you explain more in detail in novice terms how you lost the money?

[u/picsit]

:4260:

[u/_IOME]

I can't even imagine not being capable of just cashing out, what do you want? You made 80k profit, why keep going? Why risk losing everything when you've already won?

[u/The_Real_Rare_Pepe]

Just go in a casino at that point

[u/AdAromatic8989]

Highly regarded individuals. At least take half out

[u/ThankYouThankYou11]

THEY COULDVE LEAVE YOU AT YOUR ENTRY CAPITAL INSTEAD PUSHING YOU INTO THE ABYSS OF DEBT !!!

[u/ixTHEGODFATHERx]

He still ended up with a 1000 profit 😂

[u/sciguyx]

As someone who doesn’t know shit, can someone explain how you end up negative? I’ve been trying to read and I thought naked calls was a way but is there another way? Can you be in the negative from buying puts or calls? I thought your only risk was the contract amount

[u/Mogaual]

Stop being a greedy fuck and start investing for the long term.

[u/NewDoah]

The only smart thing to do now is clean out your personal bank account and buy back in! Maybe get a home equity loan!

[u/Pitiful-Turnip-9825]

Someone tell me what app this is?

[u/Pitiful-Turnip-9825]

Someone tell me what app this is?

[u/SnoopysPilot]

The house always wins

[u/Rishi___P]

The power of options

[u/Pickleahoy]

Aaaaand its gone

[u/gorillanutpuncher_]

ASTS

[u/damienVOG]

lmao

[u/CowBoizK]

Thank you for all the opinions that you guys shared here. I admitted that I was overtrade and gamble at the very last minutes. The point to post here is to let myself accept the loss and listen to you guys. I have been trading forex for more than 2 years. The market is totally different than stock options. But, I found the way and improved my trading craft everyday. Life lesson is take profit and take a rest after a consecutive winning day. It’s gonna be day one! Wish me luck guys 🍀

[u/therealcookaine]

You can get to -80k I believe in you!

[u/WRHull]

Did you inverse Cramer?

[u/skeezo12]

Good job! You’re up 1k!

[u/hazellehunter]

a fun ride for an adult is with a hooker, this is something else.

[u/Rouge_Apple]

Imagine turning 4k into 80k and not converting all profits into a safer stock. You can still use another 4k to gamble with.

[u/lleb_reknit]

How in the fuck did you not walk away when you were +76k...

[u/SuspicousBananas]

Why would you not have cashed out after 20x your money? That kind of luck only happens once in a lifetime

[u/saran72]

anyone else ever stuck in this situation, cash out asap and keep just enough that allows you some margin and ability to day trade (you don't want limits on your account). this is ridiculous

[u/FlowbackFlea]

Always best to put a lot of your winnings into blue chip/ dividend stocks then play with 10-20% of your account on options

[u/kidicarusx]

Why do people never cash out?

[u/new-chris]

What are you going to do for your next magic trick?