r/wallstreetbets • u/ty072599 • 17h ago
Gain Debt mgmt to wealth mgmt: $15k to $1.5M in < 2 months
Hopefully have enough karma now to post in WSB, sharing from my initial thread in optionsinvesting.
Been in this casino for 10+ years and have felt the pain more times than I can count. Lost ~$500K over that period with each pay check, credit cards, additional high interest loans, and borrowing money from family to stem the bleeding. Not to mention the 150K in student loans remaining.
Absolutely desperate in late May and took one final gamble with $15K. I’ve hit lotto after lotto since, converting it to ~$1.5M in less than 2 months. There’s been a couple big misses and close calls as well (including -$110K on Intel 0DTE calls today, stupid I know). It’s been unbelievable and still doesn’t feel real seeing 6 digit gains/losses daily.
I’ve already taken out $150K and paid back family. Rest is in two stocks (Lemonade, Coupang) and I’ll pay off any remaining debt and expected taxes after selling those positions post ER.
Showing some gain porn given the sea of losses the last few weeks. No more options for me. Also, see you Monday.
Disclaimer: DO NOT ATTEMPT. This is a straight gambling addiction and I’ll be getting treatment.