r/wallstreetbets Blacked Holes Model Oct 13 '21 Wholesome 28 Bravo! 1 Press F 3 I'll Drink to That 1 Dread 1 Silver 30 Gold 2 Helpful 41 Burning Cash 1 Mind Blown 1 Powerups Post 1 Hugz 46 Coin Gift 1 Ally 1 Stonks Falling 1 Platinum 1 All-Seeing Upvote 2 Heartwarming 1

30 years old. Life savings gone. Since April of 2020, I’ve finally amassed a 6 figure loss. Looks like I’ll be eating ramen until retirement. 📉📉 Loss

Post image
14.8k Upvotes

u/VisualMod Turing Test Proctor Oct 13 '21
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9.5k

u/81dank Oct 13 '21 Silver Gold Helpful Wholesome Hugz All-Seeing Upvote Take My Energy Table Slap

I truly don’t understand what I am looking at. I don’t get options at all. But, I guess that means you and I have something in common.

3.4k

u/Warlover1 Oct 13 '21 Silver Helpful

Options are easy. You buy imaginary contracts then see how fast you lose your money

821

u/zxc123zxc123 Oct 13 '21 edited Oct 13 '21

Even if you lose it's only digital money. Just turn off the screen!

On the bright side, you can now work at McDonalds with the new +$15/hr rate for IRL hard cash. Next time buy SPY LEAPS or (disregard this. you'll probably F it upagain) just set auto-DCA into VOO until you have $10,000.

474

u/roptions Oct 13 '21 Wholesome

Just turn off the screen!

lol that’s not how it works. You have to uninstall the app.

85

u/hlakep Oct 14 '21

That only works when you can afford a cellphone :(

112

u/Average_Scaper Oct 14 '21

Ask your wife's boyfriend for one.

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u/FehTacticool Oct 13 '21

It's like you're playing roulette and bet that a certain number will hit. And then it does not, and the house cleans out your account.

141

u/essjay2009 Oct 13 '21 Wholesome All-Seeing Upvote

That’s remarkably accurate because just as the ball bounces around the various numbers on the wheel and you, for a fraction of a second, see that you’re in the money only for it to all disappear immediately after, just like options.

Oh, and there’s the chance that IV causes the wheel to spin so fast it levitates off the table and flies out of the window, hitting a passing car and leaving you in severe debt because you have to pay for the driver’s injuries.

67

u/Lo-siento-juan Oct 14 '21

A lot of the bets I see on here it never went near their lucky number because they picked one that wasn't even in the wheel.

29

u/essjay2009 Oct 14 '21

Playing roulette on a baccarat table. The casino will never see it coming…

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u/MajorChances 546 - 1 - 11 months - 1/2 Oct 13 '21

You have the option, but not the obligation, to buy or sell shares at a certain price by a certain date.

279

u/Mr_Prolapsed_Anus 🦍🦍🦍 Oct 13 '21

You can commit that sentence to memory and still have no clue how to trade options.

52

u/Still_No_Tomatoes Oct 13 '21

It's true. I can tell you what options are but don't have a clue how to trade options.

32

u/mis-Hap Oct 14 '21

Buy low, sell high. Or, optionally, sell high, buy low (or let expire)

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u/LyingTrollScum Oct 14 '21

Its pretty simple. Look what people on wallstreetbets suggest and do the exact opposite. It would be a surprisingly profitable strategy.

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u/johnnysteps2988 Oct 14 '21 edited Oct 14 '21

And to answer the other question of how they lost all the $, when they bought a call (option to buy shares at set price in future, regardless of what the future exchange price is), it would only be only useful if the future share price goes above the set price in the call. In that case, the difference between the two prices is how you would make $. If there is no flipping opportunity by the expiration date, then all the $ spent on the call is lost. Compare that to a bad day of holding big company stocks, where after a bad day you still have 80%+ of your investment value left; options are risky!

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u/Zealousideal-Apex Oct 13 '21

Wow… you just burned…. Just wow

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u/BFLO-Retail Oct 13 '21 edited Oct 13 '21 Silver Helpful All-Seeing Upvote

If you took the other side of these trades you’d be rich today. Just do the opposite of what your gut tells you

3.0k

u/Fun-Sandwich1043 Oct 13 '21 Wholesome Hugz This

The George costanza move

652

u/BFLO-Retail Oct 13 '21

I mean, when your portfolio gets dominated by a hamster... what do you have to lose?

182

u/[deleted] Oct 13 '21

[deleted]

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u/PuffleyBean 🦍🦍 Oct 13 '21

All fax no printer

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u/UnpolishedPleb Oct 13 '21

Hamtaro reference. Genius.

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u/indifferentcrayon Oct 13 '21

I second the Constanza move

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u/_nkultra_ Oct 13 '21

My name is OP. I'm unemployed and I live with my parents.

38

u/Fun-Sandwich1043 Oct 13 '21 edited Oct 13 '21

In their basement

88

u/thnxMrHofmann Oct 13 '21 Helpful

Yer a basement Harry

10

u/Fun-Sandwich1043 Oct 13 '21

Thanks for comment. I had to change I’m to In. Damn I bet that didn’t sound right

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u/thnxMrHofmann Oct 13 '21

Lol I saw the post time thinking ah post is new... 45min ago... Oh snap clacks comment on keyboard lol

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u/Toothbras Oct 13 '21

Makes me hungry for some chicken salad on rye and a cup of tea

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u/peepers63 Oct 13 '21 Silver

….I am also 61 years old

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u/importvita Oct 13 '21

One of the greatest TV plot lines of all-time. I loved it.

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u/Andre-ch Oct 13 '21

You are the worldest retard person, I give you my best wished and compliments!

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u/ThePastyWhite Oct 13 '21 Silver Bravo!

Well. It is in Canadian dollars. So atleast he has that going for him.

185

u/bearhunter429 🌈🐻? 🌈🐮? 🤖✅ Oct 13 '21

It's like 67 cents in real money.

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u/BFLO-Retail Oct 13 '21

Yep. -100k monopoly money!

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u/TexasInvestor86 Oct 13 '21

I’ve made nice supplemental income selling options to the WSB crowd. It’s like im their dealer and they’re my addicts

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u/BFLO-Retail Oct 13 '21

Ruining lives is a great path to financial freedom

126

u/anonporridge Oct 13 '21

Similar sentiment from Nassim Taleb recently.

"If you buy a book thinking it provides a shortcut for things in life, you are the gullible shortcut."

52

u/monstrous_android Oct 13 '21

I've joked about writing a Get Rich Quick book with one step: write a Get Rich Quick book.

I'm glad someone much smarter than me put it into more biting and eloquent words!

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u/[deleted] Oct 14 '21

That joke is older than time itself. When they first started imprinting cuneiform tablets someone's uncle probably cracked a joke about selling a get rich quick tablet that just said to write and sell a get rich quick tablet.

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u/[deleted] Oct 13 '21

That has WAY more truth to it then I am conformable with.

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u/DrMike27 Oct 13 '21

No such thing as a free lunch, amiright?

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u/Might_Take_A_Sip Oct 13 '21

It’s the American way, capitalize on their addiction

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u/zainuu163 Oct 13 '21

This happens in every civilisation and era

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u/PotatoWriter Oct 13 '21

Only works until you get assigned. Neither path is guaranteed

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u/TexasInvestor86 Oct 13 '21 edited Oct 14 '21

When I do long dated covered calls and they’re a year out and I’m saving significant $ on long term capital gains from the equities being assigned - I’m okay with that. Not to mention that I usually write options at 40-50% over the underlying prices. If my options get assigned and it’s been over a year and I’m capturing 40-50% plus premium and paying less in taxes, then it’s a win.

Every dollar I make in the market over my salary is taxed at 24%. It’s not worth it for me to over trade.

14

u/idacyphor Oct 14 '21

Long dated calls don’t burn theta near as fast. I bet if you sold closer to the money and closer in time (7 to 45 days out) the increased gains would more than pay that tax delta on those shares that do get called away earlier than you like triggering short term cap gains. That is why weeklies are so risky and sellers win the majority of the time, they burn extrinsic value much faster than long dated options.

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u/TexasInvestor86 Oct 14 '21

I agree 100%, but I have a good career and just can’t deploy enough time to really research. You’re spot on though that selling weeklies are superior to selling leaps. My strategies are slow with a little risk, but my taxes are very simple.

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u/mastergunner99 Oct 13 '21

Assignment isn’t a problem. You end up with stock you can turn around and write covered positions against.

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u/FuhrerInLaw Oct 13 '21

If they’re covered it doesn’t matter

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u/BoredPoopless Oct 13 '21

Not necessarily. Biggest loss was an Apple call. I feel like a ton of this was not setting a stop loss, failing to take profit, or getting theta fucked.

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u/FitAlpineChicken Oct 13 '21

Exactly. This guy was losing money even when making the right calls. He has no idea how to pick expiry, strike or when to exit.

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u/PassionVoid Oct 13 '21

If he took the other side he'd have made $100,000 CAD.

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u/RealSiggs Oct 13 '21

He would probably be posting in theta gang and being a 🌈🐻, we need retards like him here at WSB. Welcome and congrats on pissing away 100K, better luck next time!

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u/[deleted] Oct 13 '21 edited Dec 13 '21

[deleted]

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u/autoHQ user is a giant faggot Oct 13 '21

Is theta gang really worth it though? Whoever was selling him these options needed to have 40-80k tied up in cash or stocks for collateral right? And that percentage return was probably pretty small?

71

u/BFLO-Retail Oct 13 '21

A +100k gain is better than a -100k loss

33

u/mwassler Oct 13 '21

I wish someone had told me this sooner.

24

u/Ophiocordycepsis Oct 13 '21

My dear old dad always told me, “it’s better to be rich and healthy than poor and sick.” My kids are tired of me passing on this wisdom.

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u/babypho Oct 14 '21

A -100k loss will get you way more upvote tho.

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u/-Lurtz Oct 13 '21 All-Seeing Upvote

Last name ever, first name worst. Doesn’t look like it was God’s Plan for you to be rich. Time to hit up Drake to see if he can help you with that Canadian debt unless you want this shit forever. You can call him on his cell phone, especially late night. Although, he may want to toosie slide and hit it double time as payment. But just hold on you’ll be going home before too long.

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2.2k

u/International_Band72 I ❤️ Oct 13 '21

Can you tell me your Strategy please ? I would love to never do this and always trade the opposite

3.8k

u/Caribou_Lit Oct 13 '21 edited Oct 14 '21 Silver Gold Helpful Wholesome Hugz All-Seeing Upvote LOVE! Narwhal Salute Wholesome Seal of Approval Starstruck Burning Cash To The Stars Chad
  1. Be lonely. Browse Reddit.
  2. Stumble upon edgy Reddit community full of people seeming to have fun. Lots of overdone and unfunny emoji jokes I can relate to because I don’t know what actual culture or friends are.
  3. See the most popular threads are using these things called “options”. Nickname FDs. Something else I can relate to.
  4. Be surprised at how easy TD ameritrade let me buy them. All I had to do was click “yes” on a few forms I didn’t read.
  5. Be happy I am now part of the community.
  6. Start buying a few $hundred worth of options. Can’t lose much so whatever.
  7. Actually experience adrenaline for the first time since I unsuccessfully talked to that girl in 9th grade.
  8. Discover gambling addiction.
  9. Be in denial about gambling addiction.

10 Post losses. Get attention from other internet virgins.

11 Repeated steps 7-10.

12 Mistake internet upvotes for positive attention instead of actual pity that I blew $100k without ever having a chance to make money because I didn’t bother to actually learn anything.

13 (yet to come): realize how many hookers you can actually buy for $100k. Realize that as pathetic as it is, it would have been an actual human interaction and better than what I blew $100k on.

Seriously though dude. Every trade is a loss?! You never sold for a profit once? I can’t believe that is even possible. Stop before you end up homeless.

Edit: yeah I get it. Sorted by loss. So OP has a loser fetish.

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u/Musashi-Miyamot0 Oct 13 '21

Lmao this was a brutal roast peppered with bits of truth

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u/thealmightyzfactor Oct 13 '21

Welcome to wallstreetbets, I guess

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u/Kantz4913 Oct 14 '21

I was already crying at "be lonely"

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u/Im_A_Canadian_Eh Oct 14 '21 Helpful

The best roasts have to have a nugget of truth in them.

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u/Valiumkitty Oct 13 '21

Holy Fuck you nailed WSB to the cross. Nice 👍

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u/siggypatch Oct 13 '21

I don’t know what actual culture or friends are.

Brutal =,)

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u/approx- Oct 13 '21

Every trade isn’t a loss. It’s sorted by loss/gain amount smallest first (so largest loss first). I’m sure he’s got some positive trades further down the page he’s not showing.

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u/ScubaSteve58001 Oct 13 '21

You're right that this isn't a full listing. However, I summed up the losses listed on this page and, surprisingly, it only sums up to -$86k. So the transactions not shown must net out to roughly -$14k. Truely incredible work by Op here.

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u/SimpsonsReferencer 🦍🦍🦍 Oct 14 '21

Haha, I just did the same thing. He conceivably has some positive trades... but he has even more negative ones.

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u/The_Work_Account_ Oct 13 '21

Hilariously accurate

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u/confusedp Oct 13 '21

This x10

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u/chedrich446 Oct 13 '21

Just from looking at the screenshot I can tell you his strategy: buy OTM calls on whatever pump and dump trash WSB is shilling at the moment and hold until it expires worthless

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u/Elonmuskishuman 1448 - 0 - 1 year - 2/0 Oct 13 '21

💎🙌🏻

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u/SomebodysColdOne Oct 14 '21

💩🙌🏼

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u/TastyBananaPeppers Oct 13 '21

Yolo your life savings into options like a retard.

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u/[deleted] Oct 13 '21 edited Dec 18 '21

[deleted]

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u/1600hazenstreet Oct 13 '21

Double down or Kelly criterion!!!

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u/DrMike27 Oct 13 '21 I'm Deceased

This is actually super impressive. To be essentially 0-100 has astronomical odds. No single position was really a yolo…he just lost worse than a Jerry Smith at Blips and Chitz.

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u/JordieVonChili Oct 13 '21

Theta gang, whoever sold him all these options is collecting that sweet premium

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u/goldenarms 🦍 Oct 13 '21

His strategy was: use smooth brain to trade options. Don’t do that.

56

u/halcyonistheword Oct 13 '21

Love how OP realized halfway through maybe all calls was a bad idea, tried switching it up with puts but then ended up losing even more money 😂

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u/kuro_fenrir Oct 13 '21

You should definitely open the Discord and let us know all of his trades as he's making them.

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u/soggypoopsock 🦍🦍 Oct 13 '21

It’s called playing the lottery on the options market and donating everything you own to theta gang

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u/throwaway12222018 Oct 13 '21

Trade the opposite -- still get fucked in the ass by theta!

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u/kstorm88 Oct 13 '21

Trade the opposite would be selling options. Buying a put is not the opposite of buying a call

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u/Abject_Resolution Blacked Holes Model Oct 13 '21

BB puts.

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u/Leon_Accordeon Oct 13 '21

So BB calls then. Cool.

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u/thejoetats Oct 13 '21

No no, to do opposite sell BB puts. Let theta work for you

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u/otebski 🦍 Oct 13 '21

this is correct answer.

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u/austinsoundguy Oct 13 '21

He earns money and then invests with it.

That’s his strategy

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1.3k

u/theoriginaldob Oct 13 '21 Helpful

You can always hope for another Squid Game

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u/Abject_Resolution Blacked Holes Model Oct 13 '21

Here’s to getting slapped in the face hundreds of times until I win once.

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u/lolskrub8 Oct 13 '21

Seeing that scene I couldn’t help but laugh. Totally something us retards here would sign up for. Best part is the conversion is like $84 USD.

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u/EgonDoctor Oct 13 '21

I'd definitely do it. that's like 70€

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u/Might_Take_A_Sip Oct 13 '21

It’s crazy how accurate that metaphor is to my life

Edit: Still waiting for the win

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u/_charmancler_ Oct 13 '21

Uncut Gems

9

u/Doggcow Oct 13 '21

That movie hurt to watch

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u/phoenixphaerie 🦍🦍🦍 Oct 13 '21

I’ve never been more stressed out by a movie.

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u/thereallilchad Oct 13 '21 Silver

Literally everything you choose turns to shit

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u/Abject_Resolution Blacked Holes Model Oct 13 '21 Hugz

Your not wrong. Currently down 30 K in other options.

736

u/thereallilchad Oct 13 '21 Silver Helpful

Hot damn you are the head honcho of retards

69

u/dogatta 🦍🦍 Oct 13 '21

Well good job at fucking up I guess, your a natural

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u/Beaudism Oct 13 '21

Dude just stop. You have a problem, legit.

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u/Devilpig13 Oct 13 '21

Maybe, just maybe you should consider calling your broker and having them turn options off for you.

Seriously though, if you lit your money on fire, filmed it and put it on YT you’d be better off than this.

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u/homemaker1 house poor, buttplug rich Oct 13 '21

Yeah, at least he'd have a video. Homie just vaporized his Life Savings.

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u/bigblackcuddleslut Oct 13 '21

A quick Google told me YouTubeers make about $4 per 1000 views. I bet a video of someone legit burning $100k cash could get atleast 25 million views. He'd come out ahead.

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u/Tallbirdae Oct 13 '21

Man would've been better off just Mr. Beasting his 100k into stupid challenges

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u/mediummorning Oct 13 '21

Make this retard a mod here

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u/bgiogryivd Oct 13 '21

Have you considered trying futures instead?

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u/Torniojaws Oct 13 '21

or this new service called OnlyPuts

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u/dutch9494 Oct 13 '21

Stop fucking trading options

Right now. You will not get even, you will not make money, you’ll only make things worse.

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u/outphase84 Oct 13 '21

Dude.

Look at the insane unbroken streak of red that you have here.

That's an indication that you should probably give the fuck up on options.

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u/RandyLahey24 Oct 13 '21

Or that this guy should tell us what he's going to dk so we can do the opposite

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u/SmoothBrainSavant Oct 13 '21 edited Oct 13 '21 Gold Helpful Wholesome Take My Energy

I get the sense that your the type that would jump in on emotion (gambling weeklies or something) and as soon as the option turned negative instead of cutting of your losses and preserving your capital for another day, you let it drop to zero in a perverse self-abusive way because if you couldn’t win, you deserved to loose it all. I don’t mean to be mean, I know this, because a decade or two ago, you were me. If this is the case, seek therapy, deal with what you gotta deal, paper trade until you have written out viable trading strategies that take the emotion out of the game. Moments like these suck, but what tou chose next will define you and hopefully for the better. Sometimes when we hit bottom, we can look around see the error of our ways, and build ourselves back better with a more solid foundation. Life is a marathon, not a sprint.. in the end we all get to the finish line together.

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u/Abject_Resolution Blacked Holes Model Oct 13 '21

I have read a bunch of comments, but this one stood out. You described me to a tee.

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u/cragfar Thing 2 Oct 13 '21

You sure about that? I just spot checked some of your calls (CRSR Jun 21& ROKU May 20) and I don't see how you could have possibly lost money if you iron handed them. It more looks like you panic sell at the slightest dip.

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u/Abject_Resolution Blacked Holes Model Oct 13 '21

Roku dipped after earnings and it would’ve been worthless had I held.

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u/Minobaer Oct 13 '21

We’re here for you, even though we say strange things. Good luck bro and reach out if you need.

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u/CDNBacon89 Oct 14 '21

I just don't understand what happened OP. I understand the general concepts of stonks. Do you just have tons of money that you don't have invested in option trading?

What kept pushing you to keep going? When I struggled with gambling I took 100 dollars and made it into 15000 then went from gambling 5 dollars a hand to 5000 dollars a hand. Proceeded to lose 20000.

I don't think I see a profitable trade in your breakdown.

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u/Abject_Resolution Blacked Holes Model Oct 14 '21

Life savings. Also 80K in stocks, but market value is 35 K ish..

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u/BarTendiesss Oct 13 '21

Damn, a fine comment. Wholesome but made me sad, I realize I also need to work a bit more if I want to have a solid chance at this.

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u/Benz951 Oct 13 '21 edited Oct 13 '21

It’s like Craig’s dad in Friday. Giving the talk about fighting with your hands. YOU LIVEEE. You live to fight another day!

“If there’s a chip at the table, you’ve got a seat”. - Doyle Bronson

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u/Goingkermit Oct 13 '21

Plenty of time to recoup and lose it again

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u/czarnick123 Oct 13 '21

"until retirement"

He just blew his retirement. I don't know when he thinks retirement just magically happens. I wonder if he'll think of the karma while going to work at 65. And 66. And 67.

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u/win7macOSX Oct 13 '21

It’s a crippling loss, but OP is still young enough they can rebuild their nest egg, assuming they get help with their gambling problem.

At this point, giving money to a financial advisor would be prudent, to stop/prevent any relapses.

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u/Gagenshatz Oct 14 '21

Absolutely this, if you can't take the heat, make someone else cook your retirement. It won't be as tasty and the portion might not be as large, but at least you'll have something as opposed to a shit sandwich like this guy.

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u/sandsurfngbomber Oct 14 '21 edited Oct 14 '21

Resetting to $0 at 30 is barely crippling when half of America is carrying heavy medical bills and student loans. His port is in CAD so he doesn't even have to worry about that. Avg 30 year old has roughly 20k in retirement and median Americans have 5k in savings account. Assuming Canada isn't super far off, this dude probably has a decent job to gamble like this - he will be just fine.

We gotta stop making retirement this thing to stress over for 40 years and the die before achieving.

Other than that you're on point for gambling habits.

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u/DangerousLiberal Oct 13 '21

Have you tried directly incinerating your cash instead?

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u/Odd_Perception_283 🦍 Oct 13 '21

Much much better idea than what he did. At least he’d have hot water for his new ramen lifestyle.

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u/Eric_da_MAJ Oct 13 '21

At 30 years old I was $30,000 in student loan and credit card debt (~$50k in today's money adjusting for inflation). All for a college degree that qualified me for hot brown beverage service, sanitary engineering in an educational setting, manual soil linear void creation or similar careers.

It took 20 years, frugality, hard work, investment in things that weren't the equivalent of a roulette wheel and occasional setbacks.

But now Top Ramen is now only nostalgic treat. (Awesome with finely chopped and sautéed onions, garlic, and veggies in peanut oil before adding water and ramen. A little Chile powder plus a chopped boiled egg helps.)

Maybe consider giving up speculating but don't give up on becoming wealthy. Things change. Sometimes for the worse but also for the better.

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u/Abject_Resolution Blacked Holes Model Oct 13 '21

Thank you for that.

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u/WarrenBudget Oct 13 '21

Maybe stop trading options broseph

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u/Maitre_de_Chai Oct 13 '21

Or at least learn how. Jesus, look at that. Nothing but blind options, not one spread.

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u/Snurbalurb_o Oct 13 '21 Wholesome Seal of Approval

If you made 100k by 30 years old, you have nothing to worry about. Get back to work and it’ll be back

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u/Spidaaman Oct 14 '21

you have nothing to worry about.

Aside from a crippling gambling addiction

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u/[deleted] Oct 13 '21 edited Oct 14 '21

[deleted]

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u/d0rsett Oct 13 '21

I really hope you can’t get outta this, too.

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u/Abject_Resolution Blacked Holes Model Oct 13 '21

Thanks bro.

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u/I_Bin_Painting Oct 13 '21

I really hope you can’t get outta this

lol, nice.

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u/TexasInvestor86 Oct 13 '21

God damnit… why.

Just put your retirement money in SPY and VTI. It’s not that hard. Literally anyone can capture market returns and build a comfortable life. You have a gambling problem. I love stock market bets, but dude…. You need help.

152

u/Sheeple81 Oct 13 '21

SPY is up 75% since the beginning of April 2020. Crazy to think about what went on here.

89

u/[deleted] Oct 13 '21

[deleted]

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u/Sheeple81 Oct 13 '21

Especially since op started when it was low - best time to buy in and he went another direction deep into the red, lol.

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u/perennialpurist Oct 13 '21

I mean, this guy could have bought something boring like fucking railroad stocks in April 2020 and he would have doubled his money by now.

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u/SaylorBear Oct 13 '21

Sir this is a casino

but yeah retirement goes to mutuals

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u/killingit4life 🦍🦍 Oct 13 '21

Can u even afford ramen? 🤣

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u/youngdeezyd Oct 13 '21

At least you have all this karma

58

u/THE-Sumukh Oct 13 '21

Don't worry bro even Naruto ate ramen his whole life look at him now he is hokage.

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u/bonejohnson8 🦴 Oct 13 '21

This guy is the most reliable mark I've ever seen. Bought so many pipedreams he's now sucking pipe behind Wendy's.

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u/ImNotIntoAnimeMom Oct 13 '21

Defenition of insanity:

“doing the same thing over and over again and expecting different results.”

34

u/PotatoWriter Oct 13 '21

Definition of gambler's fallacy:

"not doing the same thing over and over again because you think doing different things will increase your chance of winning"

16

u/d0rsett Oct 13 '21

Definition of life:

“No matter what you do, eventually, everything gets fucked.”

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u/dutch9494 Oct 13 '21

Some guy stuck on an island probably told you that, right?

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u/goblintrading Oct 13 '21

You haven't made a single profitable options trade since April and it never occurred to you that maybe you're not cut out for this? At the very least fucking paper trade your strategy before you jump back in. This is the kind of gambling mentality on this sub that is depressing to watch.

21

u/Brawldud Oct 13 '21

He defo has profitable trades. He has his positions sorted by P&L ascending, and then only showing you the part of the page with the losers.

Options gambling usually has negative expected return, but making this many options trades, with a mix of calls and puts, on this many tickers and losing on 100% of them is extremely improbable.

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u/0hknats Oct 13 '21 edited Oct 13 '21

Chin strap helmet of the year award goes to.....

14

u/alwaysready1990 Oct 13 '21

I don’t understand options or care to. I’m slow and steady. Anxiety would kill me if I was in high risk gambles like these. But good luck 👍

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u/thelemonenergy Oct 13 '21

How can I short OP for big profit?

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u/Mattie725 Oct 13 '21

100k (ex) saved at 30 years old is not that bad though.

5

u/MrFurrberry Oct 13 '21

A lot of people don't even begin saving until then.

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u/goldisaneutral Oct 14 '21

Bro, you’re 30, I got a 3 step plan to get you back on track for retirement: 1. Delete Reddit 2. Buy index funds instead of options 3. The end

9

u/Itriednoinetimes Oct 13 '21

What did you mark out and why? Just curious

29

u/Abject_Resolution Blacked Holes Model Oct 13 '21

Not 1 B market cap.

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u/friedflounder12 Oct 13 '21

Damn that pfof really fucked you lmao

Edit: hedge funds were like fuck this guy in particular

11

u/Lord-Destro Oct 13 '21

How the fuck did you managed to not close a single trade in green lmao

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u/[deleted] Oct 13 '21

I never understood how people continue to lose their ass day in day out and never stop and question if they are doing something wrong.

31

u/Fun-Sandwich1043 Oct 13 '21

Maybe you consider some other way to make money.

94

u/Abject_Resolution Blacked Holes Model Oct 13 '21

I heard there’s a labor shortage. Might check out Wendy’s

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u/scw156 Oct 13 '21

Those are Canadian dollars though…

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u/JosefSchnitzel Oct 13 '21

That means it’s not real money, right?

42

u/jonnyl3 Oct 13 '21

It's just points for his CAD software.

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u/[deleted] Oct 13 '21

He has no Canadian dollars, he has a huge debt owed to TD in Canadian though.

13

u/JayIT Oct 13 '21

It's not called a Loonie for nothing.

12

u/Laddergoat7_ Oct 13 '21

That sucks. If only he was Australien the charts would have been up side down.

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u/diver2down Oct 13 '21

At least you are consistent

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u/MovieJunior Oct 13 '21

Went from probably being slightly ahead of tje game to being a broke as bitch who probably won’t retire.

Nice.

7

u/PeteSleepFlyRepeat Oct 13 '21

Today is Day 1. It’s tough thinking about the past but you have to work hard and get back on track. You can do this. Learn your lesson and don’t repeat the same mistakes.

9

u/Frosty-Analyst-6348 Oct 13 '21

You are only 30 young enough to recover no worries

9

u/RTV_Xapic Oct 13 '21

Thats very bad actually

8

u/TheOldRamDangle Oct 13 '21

I wouldn’t even give you Ramen. You’d probably choke on the flavor packet you stupid chimp

59

u/Abject_Resolution Blacked Holes Model Oct 13 '21 Gold

Have fun fapping boys.

7

u/NightCrawlerChamp Oct 13 '21

"Only invest what you can afford to lose" ~ Not this guy

6

u/avctl Oct 13 '21

Death by a thousand cuts. RIP man.

5

u/doorpaint Oct 13 '21

Bro shoulda went to a casino you'd have way more fun

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u/SilentHillFan12 Oct 13 '21

Expected Robinhood

Got TD Web broker

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6

u/[deleted] Oct 14 '21

I want to know what was so embarrassing you had to cross it out

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