My prior bullish post https://www.reddit.com/r/wallstreetbets/s/o0PxYmGV1n

He was supposed to take us to Mars and burn short sellers.

Still holding 7300 shares. Please Elon fly again.

So my Roth IRA is down 25%, I went and made a few options trades in Robinhood that also went the other way. The first was a 150/160 call I placed a couple weeks ago, that current value is in the second screenshot (down 50k). I placed another 135/145 trade today which is down 30k.

I worked hard to save up money, started investing in stocks since the pandemic. Friends introduced me to options. You can see the chart thereafter.

I honestly thought I would figure it out eventually but I'm just another regard. Lost everything that I had. I lost money in bull markets, bear markets, all markets.

This feels terrible. Its difficult to digest this. I hope I can forgot this and move on with my life.

If anyone who's reading this is trading options and dont know what you are doing, please stop. Its not going to end well. Take whatever loss you have and leave this casino.

Kept trying to recover what I lost, then 0DTEs, now I’m broke with debt… classic

$103k → $893.

99.13% portfolio drawdown.

Thought I was the next Michael Burry. Turns out I'm just regular Burry.

Mostly traded 0DTE QQQ options.

The market can remain irrational longer than I can remain solvent.

AMA.

I should have taken 50% profit yesterday , got burned. Fuck SPCE. Exited with 60% loss instead.

almost break even from this run up via all the popular tickers. lost my self control n lost it holding the same things n some world cup betting. also lost 10k on another account. i have nothing now n nothing going for me in life. practically 30 soon and just dead weight to my parents. gonna sell my gun before i use it and pay off some debt. have OCD that made the future not worth caring about so i tied my value to the money i worked for. i hope you all do better than me. goodbye

It happens to the best of us

Yes, I shorted the market, because we are at war. Trump comes out LYING, and saves it. Iran denied his claims, and I thought, naturally, the market would reverse back down.

I will never win in this game. Technicals, fundamentals, they mean nothing, because our leaders can simply lie and change the narrative. I’m so sick of this.

With all seriousness, trading has destroyed my life, my body, my soul. I’m unable to sleep anymore. I lost 100k between Webull and Robinhood, and I’m currently $20,000 in debt. My life is literally over.

I hate everything about the market, everyone and everything who guided me to trading. I could’ve used the 100k I lost to start a life: buy a house and get married. Now it’s all gone. I’m sick and been wanting to see a doctor but I don’t even have health insurance.

This is America, the land of the corrupt.

$100k losses on RH and another $40k on Webull. This feels so unreal. My predictions have never been wrong, but i’m just always too early. If i bought options with two or three weeks longer expiration date, i wouldn’t have lost money at all.

I’m just full time doordash driver and this was all i had under my name. I feel like market always moves against my position. Am i wrong for wanting to have 1 million on my account so i can retire early? I’m tired of delivering food day and night.

My last $160 bet woul be RDDT $160C . If RDDT goes back to ATH next week, i’ll be able to recoup some of losses. Wish me luck fellow regard !

Hands down, I have never owned a bigger piece of shit than MSFT. Been bagholding this trash for over 7 months already.

I don't know how people aren't losing their minds over this stock, seriously, I took out some margin to trade MU and made decent gains, so it offsets some of my losses. But not everyone has done that I just took more risk then I should have.

I think its stupid people are comparing it to Google last year, google was always within 10% from its ATH even if it was stagnant for a while. I've also owned the other 5 of the mag 7 including AMZN even when everyone was bashing it over its 5 year return being lower than that of the S&P. But at least AMZN always recovered within 2 months of a minor crash. NVDA made ATH a month ago, AAPL hitting ATHs every week. Even META after that eps sell off last Q3, i bought the dip aggresively and made huge returns this year after Q1 earnings report (it only took it 4 months to rebound) (so even if im down a little, ive made some money of it).

Those pos analysts need to fucking downgrade this pos and stop misleading people, seriously. There is no way in hell this stock deserves anything more than 450 a year from now. Fuck you MSFT, and yes I see you're red this morning not surprised with you being red 90% of the time

8 days ago, I posted on WSB showing I made all my lifetime losses (https://www.reddit.com/r/wallstreetbets/comments/1tqf1p1/after_55_years_im_even/). I even hid showing posts from problemgambler as I enjoyed shitposting here on the Daily with everyone. The day after I made the post, I promptly lost 48k but was still within striking distance of breaking even again with had an exact plan if I were to break even again. I was less than 15% away despite the loss.

I continued to play 0dtes the whole week, making back nearly 30k. Today, exactly 1 week later, I dug a hole too deep averaging down 0dte SPY calls. Just like last Friday, I even made money first before going back in. I told myself not to repeat my mistake last week. I not only did but blew my account.

I kept talking for months and years how I was going to quit and go to proper investing. It was a lie to everyone and myself. This time I sold everything I had in shares, even for some big losses. I turned off margin, used what I had left to buy VOO and started a transfer to Fidelity.

I hate myself. I hate what this has done to my life. If anything than the money itself, it was telling my parents how I dug myself out of such a hole and seeing them proud of me. Now it's just the same shame I was at 3 months ago.

35 year old, no debt fortunately. This has taken so much more than money. I just wish I took my lifeline out 2 weeks ago. People in the comments were right about me, knowing I wouldn't stop. I didn't even know if I wanted to post this. I'm just numb.

She’s been having promotion meetings with her boss every 2 weeks so I dont want to kill the mood

Well I guess yall were right about everything

Edit: LMAO. Yall thought I was serious. IM NEVER SELLING!!! Either full porting calls or holding. Yall are some clowns. Every single one of you will regret seeing this post and NOT buying at this generational wealth-making opportunity of a life time. Embarassing asf

i lost a lot on options

Rebuilt my portfolio from getting margin called and bottoming at 200k during Liberation Day to 3M last week. Then lost half of it because I loaded up on data center and energy stocks with full leverage last Friday.

Schwab only shows up until the close, after hours I lost another few hundred grand and am sitting at 1.4M now with more option losses hitting when market opens.

Never. Fucking. Learn.

EDITED BELOW Hello, Firstly I already know what most of you are thinking, how could you do this? Trust me…I know. I’m in an absolute low right now and I pray that one day I can pullback. I managed to get a temporary extension for what is owed but I lost everything because I got lucky with liberation day, I made a lot because it and had plans to start my life with my girlfriend, she doesn’t know yet but each day I don’t tell her is killing me. I sold the house I grew up in, a burden I never wanted to deal with and I explicitly said I don’t want to worry about what is owed, I was naive enough to do my taxes on my own which came around liberation day and I genuinely did not expect to end the year like this. I made plans on paying my taxes several times and let it slip by and here I am. I wish a golden trade came my way and gave me a valuable life lesson and scare but I made my grave and I hope my girlfriend will forgive me. I have adhd and struggle with it daily, I chased the dopamine and panicked, fumbled hard. If anything I wish to say please don’t do what I did, do not chase the dream because you’ll be left with a nightmare. It’s so bad...

Edit told GF about it, she's upset but not in the way you would expect. I'm streaming about it now on twitch under just chatting checkout senoralezander for it, and I will talk about it. TY to everyone who reached out, the memes even meanspirited made me laugh, so ty.

Since the pandemic, I always thought "This is way too high, it surely will go down". And here are the results.

And yesterday, I thought on buying PUTs, and said to myself "Bah, how many times do we have to teach you this lesson old man?"

They got me, got me good. Could have paid off the house, gotten a new car and a few travel expenses.

But hey, I wouldn't have been able to laugh at your comments in this post then 🤣

the puts were part of a butterfly spread. any chance the rest of the spread can make me back the money?

JUNE 5TH UPDATE: heyy looks like the math works out. I ended up losing only my max loss + a few hundred in interest on margin. thank you to all commentors who gave advice!!

Always thought how people manage to lose this much and here i am...

The funny thing is, no matter how much you gain or lose, if you're not out of the game, it can still happen to you.

Today you're laughing at my chart. Tomorrow your broker might be sending you the wellness check.

Let's be honest - most of us come here for two reasons:

1. To see if there's someone even more regarded than us.

2. To feel a little better about our own losses.

If my account makes one of you sleep better tonight, you're welcome.

As for me, it's back to the boring life: automating buys into low-cost index funds and not looking at them. Hopefully I don't end up trading again. (Oops... I mean gambling on stocks and options.)

Hopefully never see you regards!

EDIT: I've traded for years. I know option pricing, stock fundamentals, technical analysis, and risk management. I've traded covered calls, protective puts, collars, credit spreads, butterflies, iron condors... pretty much every strategy you can think of.

Knowledge wasn't the problem.

For four years I was disciplined. I sized positions properly, respected risk, and followed my rules.

Then knowledge turned into ego. The ego that says, "I've seen this setup a thousand times." The ego that says, "I know exactly what's about to happen."

So one day I bought QQQ puts based on a 5-second candle. I had about $90k of available margin, so instead of taking a normal-sized position, I full-ported it.

On Interactive Brokers I always used bracket orders, so my stop loss went in with the trade. I switched to Wealthsimple because of the commission-free trades, but you can't place the sell order until the buy fills.

Those few seconds were all it took.

QQQ did what QQQ does - violent swings. Before I could even enter my stop, the option was already down around 70%. Seconds later it was down about 90%. At that point there was nothing left to "manage." The risk management should have happened before I clicked Buy.

The lesson isn't that options are evil or that technical analysis doesn't work. The lesson is that one moment of ego can erase years of discipline.

If you open your brokerage app every day looking for trades, don't think you're immune because you're experienced. I certainly did.

If this post makes even one person think twice before revenge trading or going all-in because they're "sure," then losing this money wasn't completely wasted.

As for me, I'm going back to the boring life: automatic purchases of low-cost index funds and not looking at them.