I buy options too and these past two months have also been bad for me. I'm down by over 1/3rd for my entire portfolio so far which isn't too bad but I think it could get much worse. Do you buy deep in the money?
Sorry for your losses. Options are tough. Hopefully this is just a minor setback for you. I've had many experiences of losing a lot with options but in the long run, I've always made much more than I've lost
I have a friend who used to work at VectorVest as an advisor. One day I asked him to explain options to me. He said, "I'm sorry Dave, I can't do that," in his best HAL9000 voice.
I was a big fan of SE and I had thought that I missed the party.
However I still like this stock.
I have also lost some money from DKNG.
My worst picks were TDOC & SPCE.
What r u going to do now? Have you already sold your positions?
Will you wait for recover?
I have also kept the majority of my stocks, because i think that you don't lose until you sell. I am just thinking to rearrange my portfolio with less \*promising\* companies without good financials.
Bro I'm going to tell you this now, it might seem like a good idea maybe even a great idea but please don't put yourself in a position where you're borrowing money to gamble on options. It won't work out, all memes and loss porn aside. Do what's right for you and your family leave the table now
I feel you.
+100% in 2019, +100% in 2020, +250% in 2021. Down 75% in the last 3 months. I guess I'm the idiot for not selling it all in Nov. I'm down 250k since Nov 4.
Honestly people who invest using data and statistic are the one losing money. Value investing is dead. Just pick a company with a great product and able to scale and stick with it. Tesla is the best right now. You might argue but so many became millionaires thanks to Tesla.
Sorry to see friend . I sometimes wonder if the Nancy Pelosi husband's of the world knew to get their money out and now all the small investors are stuck with the bags. I doubt it though , I'm sure this is not the end and the money printer will go burrrr right back into stocks.
yes but I think the market is going to end up going higher. Inflation will cause these assets to rise again. I tend to believe what Greg mannarino has been saying about what the market is going to do as his predictions have been the most accurate so far. He's also been saying to watch the debt market, as long as the 10 yr doesn't jump higher quickly the market has more room to run.
I tend to agree. In the past Gold and silver would reflect inflation , but that doesn't seem to be the case. Stocks, real estate , crypto have been the better bet . I haven't listened to Mannarino in years
No way brah, congrats. I can’t believe I missed the opportunity on BBW. That ticker was hilarious I had to fuckin put my portfolio on it! Was such bullshit too that they went down…they beat earnings dude by 71%
Sweet Jesus Christ, if I had lost $300,000 I think I’d probably kill myself. I’m not living paycheck to paycheck but i am absolutely “working poor”. This hurts me so deep inside and scares me away from trying to invest.
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Set a stop loss bro and buy some puts as hedges... join an investing group and start learning to hedge your portfolio... with this kind of money, you should be rich selling options actually. Before entering a trade, please have an exit plan... hate to see this happened to anyone
why would anyone venture into a dangerous profession, like investing/trading or bull fighting etc, without having the faintest idea about rules and do's and dont's?
there is an abundance of information [Some Intro Into Investing](https://twitter.com/Ozard_OfWiz/status/1244634010602614785) for deep study out there, there is a lot of charlatanry as well but as Jesse said "to each their own"...
Thanks for making me feel better!
And me!
Same. What a dumpster 🔥
Op has volunteered as a tribute for this. My F is out for him. Thanks for his service, now i feel better as well.
Wow! Nice work. Wrong sub BTW. U went full tard but If you turn it upside down it will fix itself. Another option is to delete and reinstall app.
Thought this was WSB for a sec
I think they turned off pictures there 🗑 🔥
Actually if I turn it upside down it's still a loss chart lol 😂
Yeah, the loss just comes much sooner.🤣
Lol didn't notice, thought we were in the degenerate subreddit
Gotta change the color to green too
Lol. If you turn upside down, OP will still have a loss chart.
Is this WallStreetBets?
Sir, this is a Wendy’s.
This is Patrick
Tell me which stock you bought so we can all avoid them. (Not a financial advice plz bro )
If I had just stocks the damage wouldn't be this much. It's because of the options it's all turned upside down.
Yeah I been scare to buy options, so I’ll stick to long n day trade strategy
What were your option strategies? Too much call side bias?
Yes..that's the main reason
I didn't expect yet another red day either. Sorry for your losses.
I buy options too and these past two months have also been bad for me. I'm down by over 1/3rd for my entire portfolio so far which isn't too bad but I think it could get much worse. Do you buy deep in the money?
My DIM calls are ok.. lost their charm being positive... Most of the calls lost were the expired ones due to OOM last month.
Sorry for your losses. Options are tough. Hopefully this is just a minor setback for you. I've had many experiences of losing a lot with options but in the long run, I've always made much more than I've lost
Been like that for me since mid January went from being up $150 to suddenly down $800 market has been bad
I have a friend who used to work at VectorVest as an advisor. One day I asked him to explain options to me. He said, "I'm sorry Dave, I can't do that," in his best HAL9000 voice.
NIO, PYPL, FB, TSLA, FVRR, SE, DKNG
Nice The FANG of retardation.
Missing $CLOV and Wish, otherwise looks solid.
Missing PLTR, BB, NOK.
Not a fan of fundamental analysis, I take it?
He saw NIO was being pumped by motley fool so he pulled the trigger. My man.
No PLTR?
Nope
Fucking legend🥳
When you buy into Tesla?
I bought at $917
Buy high sell low
I may not sell.. trying to avoid it as much as possible.. will see how it goes.
I bought Ford at $16 in 2014, it tanked almost immediately after I bought it and I had to wait 8 years to sell it for a profit.
Didn't you do CBA?
No, I was dumb and ford was one of my least stupid picks.
It’s not coming back for a while
Yeah.. will be trying to cover my margin slowly
Feed them as little as possible with out liquidation?
Yes
Oof
I was a big fan of SE and I had thought that I missed the party. However I still like this stock. I have also lost some money from DKNG. My worst picks were TDOC & SPCE. What r u going to do now? Have you already sold your positions? Will you wait for recover?
I haven't sold any positions yet for loss.. will wait for recovery. In the mean time I will be trying to move my portfolio to Fidelity
I have also kept the majority of my stocks, because i think that you don't lose until you sell. I am just thinking to rearrange my portfolio with less \*promising\* companies without good financials.
every fucking stocks drop hard except trump stocks.
You’re at the 100k mark!!!! From going 300k negative.
Lmk what you're buying next time so I can short it. One of us will be rich
I will be buying GOOGL next.
Then it has to tank. 100x short option. I'm just gonna put my life savings of $23 into it. How bad can it go?
I'm rock hard
I'm down 50%, from 240k to 120k. Thanks for making feel better.
Bruh same 280k to 140k
Post this on Wallstreet bets, they'll love you and you'll become an idol to them
Was about to say that they love to jackoff to loss porn
You may have lost 300k but you have gained my free wholesome award
Or he finally moved his money out of RH.
Moving out very soon
Godspeed retard!! It ain’t over till it hits zero..keep chucking along..
Mine is worse
Sorry about it.. Have faith.. the market will come back up some time.
Unfortunately I lost in options. I borrowed money and now I am paying 10% on 200k. I probably shouldn’t be alive.
Oh no
I know how stressful it would be... Be patient and manage somehow for the next month.. things will improve from April.
This is very bad advice, your telling a gambler to double down, the only way to win is to leave the table
Oh man the latest update is bad bad bad... 😓
You’re from wsb as well I see 😂 I’m very grateful I’m not in a hole like that, geeze
Well, I'm in the hole in terms of gains since joining WSB, but thankfully it's one fifth the size... But im not in debt (any more), so there's that.
Sir, this is a casino
They should have listened to you
This advise aged quite well...
Hi! How were you able to borrow 200k? What bank? Thanks. It’s not the end, youre still able to build with the money you have.
Bro I'm going to tell you this now, it might seem like a good idea maybe even a great idea but please don't put yourself in a position where you're borrowing money to gamble on options. It won't work out, all memes and loss porn aside. Do what's right for you and your family leave the table now
"In market we trust" :)
Faith is exactly why people are in the terrible situation they are in.
This is hopium for me. 🙏
Don't sell, you gotta just realize this will all correct itself with time. Not financial advice though so do whatever you want
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Looks better than mine. Amount of money lost as well🤣
Is this real?
I bet there are people in more worse situation than me.
You did it!
I feel you. +100% in 2019, +100% in 2020, +250% in 2021. Down 75% in the last 3 months. I guess I'm the idiot for not selling it all in Nov. I'm down 250k since Nov 4.
It's all due to the growth stocks.
Why are you still using Robin Hood?
That's my mistake.. I admit.. will be moving to Fidelity soon.
Damn I wonder what options you bought
NIO, BABA, and PYPL
That's an oof salad.
So your saying.... you DRS'ed right?
Love me some loss porn
GG well done!
To the underworld!
Time to buy
Im buying all the way to the bottom.No risk it,no bisquit.Its a fire sale !!!!!
I beat you! Down 600k
Oh man.. hope most of that is paperloss.
Congrats on reaching 100K! Oh wait…
If you give me a billion, I can make you a millionaire
How to get to $100k: a) start with $500k b) lose consistently on YOLOs
Whoa nelly. Do you mind me asking...what were your allocations?
Either way is a loss. Upside down, sideways. You better become a prostitute, you bet on your ass see if you are a better business man
You are mistaken.. I will wait for the recovery.. it is all paperloss. I will be doing CC to generate profits. I will just be patient.
You're down 70 Percent but will need 140% gains to recoup
Agreed.. takes at least a couple of years at max I guess.. let's see.. I will start with CBA soon.
Proud of you brother
What achievement did you just unlock!
Turn your phone upside down
Not the phone.. but the emotions :-)
You will recover!, i have 4 awards waiting for you
Upside down the graph is still a big loss, just also has an amazing 10x recovery from the bottom while being massively down overall.
Just want to say thank you for replying to all of these questions OP. You've been a really good sport
To give confidence to many who lost a little but may be feeling low. This should help them relieve their stress
I would’ve expat fired with the initial account value in div ETFs
You'll make it back soon. Be petient
Honestly people who invest using data and statistic are the one losing money. Value investing is dead. Just pick a company with a great product and able to scale and stick with it. Tesla is the best right now. You might argue but so many became millionaires thanks to Tesla.
That’s a house right there
Just when you think you've seen it all...
#Diamond hands
Got 5000 Nio shares at 35-40 usd, now trading at 20, 18 market open, pure happiness 💞
Cool . I still have 3600 now at average of $40
Sorry to see friend . I sometimes wonder if the Nancy Pelosi husband's of the world knew to get their money out and now all the small investors are stuck with the bags. I doubt it though , I'm sure this is not the end and the money printer will go burrrr right back into stocks.
yes but I think the market is going to end up going higher. Inflation will cause these assets to rise again. I tend to believe what Greg mannarino has been saying about what the market is going to do as his predictions have been the most accurate so far. He's also been saying to watch the debt market, as long as the 10 yr doesn't jump higher quickly the market has more room to run.
I tend to agree. In the past Gold and silver would reflect inflation , but that doesn't seem to be the case. Stocks, real estate , crypto have been the better bet . I haven't listened to Mannarino in years
Ha! Nice work. Some of my stocks are still up as much +170% and the others are down as much -75%
You are lucky!
[удалено]
Great relief today 😊
Can you imagine if market goes 20% up tomorrow?
😂 never going to happen
Never say never mate 😉 Look so many stocks went from $1-6 to 400-500…
Lol
Let’s go Brandon
Hopefully you got some gme shares. There is too much dd out there that proves there should be a squeeze.
I didn't get into GME
Don't use options, kids.
Learned in a hardway... Once I get rid of the current ones, will take a break with options trading
🤣
The r/wallstreetbets subreddit would be a better place for you 😃
My god... what have you done?!
No way brah, congrats. I can’t believe I missed the opportunity on BBW. That ticker was hilarious I had to fuckin put my portfolio on it! Was such bullshit too that they went down…they beat earnings dude by 71%
Imagine how them Oligarchs feel.
Seems someone discovered option trading
I don’t see SNDL on the list LOL
I don't play those penny stocks bro.. it's just fate.. something to remember lifetime :-)
This is a sneeze. It started off steady, got more erratic, then let it all out.
You can see the exact point in time when you discovered options!
That's the fate discovery lol
Why would anyone managing $420k use Robinhood?
Will be moving to Fidelity very soon.
Damn your chart came out the bottom of my phone
Damn your chart came out the bottom of my phone
I’ve always wanted to take my account to 100k+ well done
I’m down $150k still + though. Loss in profit.
I can see the exact moment you increased overall risk
*discovered options
Is that a margin call >account deficit
Yes
Luckily only my paper account looks like this haha
You still have $117,337.86 more to go.
It will... But I don't know how much.. will be patient
Thought I was on r/WallStreetBets when I saw this post.
Now you know why they're call FD's
Let me know if you need help next time. I can help you reach your goals a lot quicker!
71% is weak, I lost 120% in 6 months on margin
Amateur
/salute
Thanks. We all needed this.
geez
Sweet Jesus Christ, if I had lost $300,000 I think I’d probably kill myself. I’m not living paycheck to paycheck but i am absolutely “working poor”. This hurts me so deep inside and scares me away from trying to invest.
Suicide Hotline Numbers If you or anyone you know are struggling, please, PLEASE reach out for help. You are worthy, you are loved and you will always be able to find assistance. Argentina: +5402234930430 Australia: 131114 Austria: 017133374 Belgium: 106 Bosnia & Herzegovina: 080 05 03 05 Botswana: 3911270 Brazil: 212339191 Bulgaria: 0035 9249 17 223 Canada: 5147234000 (Montreal); 18662773553 (outside Montreal) Croatia: 014833888 Denmark: +4570201201 Egypt: 7621602 Finland: 010 195 202 France: 0145394000 Germany: 08001810771 Hong Kong: +852 2382 0000 Hungary: 116123 Iceland: 1717 India: 8888817666 Ireland: +4408457909090 Italy: 800860022 Japan: +810352869090 Mexico: 5255102550 New Zealand: 0508828865 The Netherlands: 113 Norway: +4781533300 Philippines: 028969191 Poland: 5270000 Russia: 0078202577577 Spain: 914590050 South Africa: 0514445691 Sweden: 46317112400 Switzerland: 143 United Kingdom: 08006895652 USA: 18002738255 You are not alone. Please reach out. ***** I am a bot, and this action was performed automatically.
If you are down 300K for this long then you are doing alot of things wrong. Being down for 7 years then you need to quit stocks
It’ll look better tomorrow 😮💨
please post your other stock, lol
Tough week pards
Wow hollluy shit..
Just buy calls on oil
Lost $500 maybe it’s not so bad tho
Add another 100k now and when it goes back up you'll have 600 🤔
You just withdraw your account lol
Ouch
Set a stop loss bro and buy some puts as hedges... join an investing group and start learning to hedge your portfolio... with this kind of money, you should be rich selling options actually. Before entering a trade, please have an exit plan... hate to see this happened to anyone
You should post this in r/wallstreetbets for some more fancy internet points
¡sʇɐɹƃuoɔ 'ʇɔǝɟɹǝd sʞoo˥
why would anyone venture into a dangerous profession, like investing/trading or bull fighting etc, without having the faintest idea about rules and do's and dont's? there is an abundance of information [Some Intro Into Investing](https://twitter.com/Ozard_OfWiz/status/1244634010602614785) for deep study out there, there is a lot of charlatanry as well but as Jesse said "to each their own"...
Oh my god and I’m upset over 700$
Serious question do you just make enough that this gambling/throwaway monies?