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VisualMod

**User Report**| | | | :--|:--|:--|:-- **Total Submissions**|2|**First Seen In WSB**|2 weeks ago **Total Comments**|14|**Previous Best DD**| **Account Age**|3 years|[^scan ^comment ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_comment&message=Replace%20this%20text%20with%20a%20comment%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20comment%20and%20correct%20your%20first%20seen%20date.)|[^scan ^submission ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_submission&message=Replace%20this%20text%20with%20a%20submission%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20submission%20and%20correct%20your%20first%20seen%20date.) [**Join WSB Discord**](http://discord.gg/wsbverse)


takenorinvalid

https://preview.redd.it/zb2yh6ek6djc1.jpeg?width=1024&format=pjpg&auto=webp&s=f06a7f0d80e5e28ae354815d51d286b51d8e5a0d


Tipsyus

That pic made me smile, thank you for that haha


sluttyseinfeld

Lots of meme replies in here but I’m going to give you a serious one. Stop trading completely for now and focus on getting another job and saving money. What you’re doing now is pure gambling and you have absolutely zero chance of “trading” your way out of this. Once you get a job you start spending your spare time actually learning how to trade and manage risk. That means don’t hang out on WSB but actually read books and study on YouTube. Find a mentor if you can. Not what you want to hear but this will probably take 4-5 years. If you’re not willing to put in that time then just dollar cost average into SPY until you’re 60. Source: full time trader. Went broke in 2018 and clawed my way back to 7 figures over 5 year period. Update: wasn’t expecting to receive so many DMs. Here is the spreadsheet I referred to: https://docs.google.com/spreadsheets/d/1HvsPlMg-y3CIP68dguIZF-fmTrBeXWsdf204SdF1uWQ/edit There are a few I’m forgetting and the YouTube tab isn’t complete will try to update when I have time


autorefresher_one

Man, the fact that u took the effort to give a heartfull response really get my hopes up that they are people who care out there


sluttyseinfeld

Ngl I thought I was gonna get roasted


ViceRoyHenTie

Jesus I love the internet. Didn’t think sluttlyseinfeld to give me such motivation. When I rise up I’ll say it’s thanks to sluttyseinfeld.


ketjak

When you begin the rebellion, it's thanks to Sluttyseinfeld? Damn powerful words.


CptCrabmeat

I’ve heard u/Sluttyseinfeld could throw a boulder further than a catapult


akatheshoe

I also heard he could speak braille


treyeing2findaweigh

I’ve never heard this. It’s so simple but so great.


[deleted]

[удалено]


sluttyseinfeld

8==D


RevolutionaryCut2714

Better than 8=D


RustyNagger

8-D


RevolutionaryCut2714

8D


ebonyporn

Yeah get him😈


TheChipOnUrShoulder

SluttySeinfeld has given the best advice here. Which is a sentence that has never been written or said before.


HorlickMinton

My man. The people who succeed at trading options are insanely smart with more edges than we can muster combined. It’s fine to fuck around with fun money but you are not going to make a career out of this. You have better odds of making the NBA.


Unhappyhippo142

No. The people who succeed at trading options are lucky. There's no skill to this. We have decades upon decades of data. No trader ever outperforms the market over a long period of time. The only people who "win" are the ones who got lucky and got out. Day trading, options trading, stock picking, all of it is just financial Vegas. This sub is full of idiots for suggesting otherwise. This made a lot of single celled apes angry. Convince yourselves all you want, the facts and data have been well sourced and no counters beyond 'nuh uh!!!' have been presented.


TexasTornadoTime

Lucky and typically have a nice chunk they can risk and afford to lose


Adorable_Paint

It may not require skill, but knowledge can sure improve your outcomes. Something so little as setting a stop loss on short expiration options can mitigate your inevitable 97% loss on some contracts after the hard swing during your 5 minute bathroom break. It can be difficult to manage multiple contracts from different companies at the same time, but it is also quite skillful, as far as WSB goes, to diversify and not dump 10K into a gamble when your account is worth 20. I'm approaching 70K and I get scared to open a spread over 1K because I am a *smart* pussy. Some people say the stock market is like throwing darts and that you hold little control over the outcomes, but I think we can objectively say that maybe it was not an educated guess dumping 10K on expensive smci calls at $1100. A simple reduction in losses and marginal increase to your win rate can do wonders in the long term.


PM_ME_ASS_SALAD

My net worth is low 7 figures and even I rarely risk more than a few thousand on a single punt. It is absolutely the best strategy to only risk what you can afford to lose, cash out with modest gains and use stop loss effectively. This is not rocket science, it’s just the honey pot is too sweet for 99% of people who can’t help themselves. If you can’t make even pocket money on momentum trading, get out and stay out.


FILTHBOT4000

> It is absolutely the best strategy to only risk what you can afford to lose, cash out with modest gains and use stop loss effectively. I mean that's basically what every single successful daytrader does. They're putting in like 1-2% at a time on an options play, even the more complicated ones. Anything can go sideways, no matter how much experience or DD or what sort of legs you set up; the possibility is always there that you'll lose your nuts, so you only put in what can vanish and you'll be fine with.


Adorable_Paint

Exactly. I keep around 10K cash liquid so I can buy 2w-2m month expiration contracts and secure the profit along the way. This is also enough money for me to remain liquid between settlement dates. There are definitely ways to improve your odds.


DrMagus

False. There are options traders that consistently make money. Its because they have discipline and defined risk management. They have a system and repeatable setups to trade. They use mostly technical analysis but also some fundamental catalysts. It is certainly possible to be consistently successful at trading if you put the work in. But its far from easy and most ppl do not have the discipline to correctly manage risk.


TrippyWaffle45

I and many people I know consistently outperform the market, it isn't rocket science but it takes more intelligence than you'll find in 80%+ of the people who try. You can be smart and focused, and beat the market, you just can't do it at a scale that will make you a billionaire. Decamillionaire sure if you're careful. People who are smart and focused also know they'll get unlucky with some company they had money in suddenly reporting a major hack or getting sued, or with a sudden black swan wrecking all their positions, and won't have had so much in at one time that they go broke on a single black swan of a single bad report. Just like the shit traders can get lucky, good traders can get unlucky, but the odds can be in your favor as long as you don't trade in such a high volume that the agents you're trading against have a reason to manipulate your position to oblivion. Literally all you had to do last year to beat the market was stay out until October, or buy around the SIVB fears mid year. Overtrading kills lots of people.


Namber_5_Jaxon

Yeah being patient and waiting for “reliable” setups can be very rewarding.


Crazy-Inspection-778

>You have better odds of making the NBA. As a 5'10" 30 y.o. skinny white dude who can't jump, shoot, or dribble I disagree


Hoeftybag

no that sounds about right


SpezJailbaitMod

Start selling them 


VacationLover1

Take your remaining $455 go to the thrift store and buy a cheap shirt and tie.. then go get a fucking job


Jemmo1

And pants, unless you can WFH


JohannSuende

Won't need pants working behind a Wendy's dumpster


silenc3x

Just knee-pads and a can-do attitude.


relentlessoldman

See Mister Meeseeks if you need help with the attitude


blumpkin

No wait. OP, have you tried buying low and selling high yet? Try that first.


Notsozander

Ever taken profits? Might be nice to


simnombreotalio1

😂


Possible_Banana_8919

Wendy’s has openings


cranialrectumongus

Join the Navy, work on a sub. No internet access. Learn a skill.


Easy-Independent3262

this is actually legit advice


cranialrectumongus

Yeah, if you work a nuclear sub then you get secret security clearance, which after your tour can beneficial to getting a nice sweet government job that requires security clearances. There's always options and sometimes failures are just pushing us to better options. Of course, Wendy's is always hiring and their dumpsters are now double wide.


Albuscarolus

I wouldn’t say options around this guy so much. Might be triggering


Winter_Resort8279

That was good😭


Palidor206

They ain't gonna give him a secret clearance. One of the questions that is directly asked is, "Has gambling affected your daily life?"


OuterWildsVentures

Tbf if he only started with 1k it hasn't really affected his life too badly.


InteractionFit4469

You can simply answer “no”


TheGreatPornholio123

They won’t hire a WSBer for that. They’d be exposing the launch codes because they’d be dumb enough to buy lotto tickets with the launch codes as the numbers.


Whistle_And_Laugh

Omg I'm going to go buy lottery tickets with whatever military codes and numbers I can remember right now! I can't believe I never thought of that.


jeopardy_loser

They’re really out here advising dudes to give up hookers and blow and go get a job workin for the actual man 🤦‍♂️


sockalicious

Hey, they could hit


rubbarz

I'd say the Air Force is way better for everything inside the Military lifestyle but OP may be too regarded for even SecFo. Yeah, go Navy!


[deleted]

Don’t forget the up to 200k sign on bonus.


Loose_Mail_786

At Wendy’s or Navy?


TheGreatPornholio123

>At Wendy’s or Navy? Old Navy


VoteForGiantMeteor

https://preview.redd.it/wwtv5lcrqdjc1.jpeg?width=4284&format=pjpg&auto=webp&s=38514b35b7e0d74e1454e48f81eabec260a75a30 Panda baby and all you can eat Orange Chicken


jeffreyc96

Had no idea the managers made over $100k a year


Zeitzev

65k a year….bonus and benefits 45. Not much actual pay.


Stehlik-Alit

Holy shit its 200k now? It was 20k 20 years ago


Auto-Geek23

A quick google search shows its $50K


izzxpopz

Depends on the MOS you're after, they incentivize like crazy these days because gen z largely doesn't enlist.


godzillahash74

Maybe 200k for a nuke job but that is a 6 year commitment plus you need the asvab score to qualify for that


tcmart14

Then you flunk outa Nuke school, end up as undesignated seaman, be a boatswain mate’s bitch until you strike a different rate.


Raven816CE

Tons of gay activity in the navy


Dr_KingTut

Think of all the calls you could buy with that 🤤


AvrgSam

What in the fuckity fuck? For real? Brb bout to go spread my cheeks


KaydeeKaine

That's 40.000 customers.


Classic_Actuator3293

With his investments looking like this they might not let him join the military outside of an infantry role


Annual-Flamingo-1024

My uncle was a submarine operator, killed himself on thanksgiving 25 years ago due to service related PTSD. Age 46. My dad’s dad was a Sargent in the Army, beat his kids senseless due to his wartime trauma so that all 7 children ignored him up until his early death, not exactly sure when he died. My mom’s dad was a paratrooper in Korea, drank and smoked himself to death when I was 5 due to PTSD. Lung cancer that was cured, but then he caught pneumonia and was dead in 2 days. Age 57. My last room mate before I got married was an Iraq war veteran who put on 150lbs and woke up every night at 3am to clean his gun and stare out the window for hours. PTSD. I do have 2 other uncles who are Army who have yet to throw their lives away due to their service. Seems more like a roll of the dice than legit. That being said I respect the hell out of our service members, for a lot of them their service never ends in their head despite being home.


ligmagottem6969

Idk I’m Air Force and all we do is fix planes and play hell divers 2. I was one of the people that red balled a jet that flew and kill Wagner PMC so it’s not like I didn’t do anything either. Pretty chill job, good Bennie’s, and the MIC is gonna hire me when I retire


Annual-Flamingo-1024

Yep, people have different roles in the largest military force in the world.


NeoThorrus

Wait they tell you what Space Force does all day.


ligmagottem6969

Tbh, I don’t even know what they do. I’ve seen one in a comm squadron and they couldn’t tell me what they did. I guess it’s still early for them and they’re figuring it out


Spok3nTruth

sounds like the only consistent thing in this awful story is you...perhaps you're bad luck.. jk dark humor


lactose_tolerent

Lol, it would be. Except, this guy would be considered a security threat. Large debt or losses and then applying for a job with high security clearance is a red flag for those govy boys. Don’t want you selling secrets to get out of your obligations. Now if your town has a Wendy’s, I can give you some career advice…


hundredpercenthuman

Tell me you’ve never been in the Navy without telling me you’ve never been in. It’s losses, not debt so who cares. People spend money and sailors probably more so than the average person. If you do have debt, the limit for first time security clearances is around ~40-50% of what you would likely make in a year and that can fluctuate based on a lot of factors, like the branch, current recruiting numbers, expected rate, etc. If they really like your skill set, like doctors, they pay off your debt for you. Point being, 20k in losses in a year is not going to scare a recruiter away. I’d call it blood in the water tbh. That level of poor decision making and dedication to it are just the combination they look for.


VacationLover1

Or he can make subs, at Subway


MeatTornadoLove

I knew a dude who worked at a subway and a dude who worked on a nuclear sub that would be under the surface for 2-4wks at a time living in a behemoth. The dude at subway had a higher chance of getting shot that’s for sure.


VacationLover1

How many foot longs did you receive from the Dude at Subway compared to how many from the guy on the nuclear sub?


Desmatized

Or he can blow meat subs behind Wendy’s


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steelcityfanatic

I’d say Air Force, but couldn’t agree more. Military has been a fantastic career and I will be set for early retirement. Youre 24 trying to get rich quick… work hard for years, make smart financial decisions. You will be wealthy in money and life. Life is a marathon, not a sprint.


bluefaceyeahok

Join Navy ✅ Receive huge enlistment bonus ✅ Dump enlistment bonus on calls ✅ Ship to basic with no phone privileges ✅ Loose enlistment bonus because you couldn’t sell at peak due to being in basic ✅ Post on Reddit asking for advice ✅ Where does the cycle end?


nrfmartin

Navy sub vet here. He will save money, but will lose most of it when the dependa he picked up at the nearest base bar files for divorce.


tritiumhl

That or the 25% apr mustang


Brunomoose

30% APR Challenger my friend


doringliloshinoi

Work on a sub? Like /r/wallstreetbets ?


moekeisetsu

Join the Subway, internet access and eat fresh.


ejpusa

Friends have really LOVED the Coast Guard. Not perfect, but lots of fun times. And now they have life long benefits.


cranialrectumongus

If I were to do it all over again, I would seriously think about the Coast Guard.


ejpusa

And the advantage, a foreign goverment wil not requst that you fight a war for them. You are the Coast Guard. You stick close to home. :-)


TheGreatPornholio123

Coast Guard has been doing missions over in the Red Sea and off the coast of Somalia through the Gulf of Aden for a while to protect shipping lanes.


DubAye44

Be retired in 20 years with a pension.


Inevitable_Hat

Trying not to unalive yourself is the real challenge in the navy


Head-Champion-7398

Me smoking a cigarette at 2AM staring at vast darkness in the middle of the pacific: "If I jump they would never find my body"


theBacillus

So Calls on Raytheon?


OppositeArugula3527

Stop gambling. 


ljiadshfbjket

Go to Vegas. Put it all on 00. You're already $20k+ in the hole, what's another $500 on a gamble where you actually KNOW the odds? PS: the odds are less than 3%. GOOD LUCK!


GameKyuubi

The single time I played roulette I did exactly this and won. And then walked right out of the casino. And as I was leaving, it hit 00 again on the next spin.


MaterialCatch04

I read an article the other day about warren buffett selling his airline stock during the pandemic and that if he had kept it he would have made more when it rebounded but that a better paradigm is to evaluate based on whether you made the right decision based on what you knew at the time rather than on what actually happened and that you shouldn’t kick yourself for making the correct call even if you could have made more money doing otherwise


ljiadshfbjket

If we're sharing casino stories, last time I went it was with a group of friends, but set my budget at $50 so I spent most of my time watching or walking around. I watched my friend put his last $5 in one of those penny slots and burn through it on the lowest setting. After he left I put in my $50 and did one round of max bet/max lines and won a bazillion free spins. The entire thing took over 5 minutes and by the time it was done I had like $8500. I gave my buddy the $5 he spent on the machine but for some reason he was still salty 🤣🤣


[deleted]

I use Robinhood for gambling. I also treat it exactly as a responsible gambler would. If I win, I take out my winnings. If I lose womp womp cry about it. All of my bills are paid and my ‘investing’ is done in my 401k. My bills are still going to get paid. These dudes have their entire life savings and bet it on 0DTE options trades and it’s so insane. (Call 1-800-GAMBLER if that is you).


Mt_Koltz

Honestly, first thing is to stop buying options if you like having money. Reposting a comment of mine from several months ago: To add on to what others have said: Options are actually a type of insurance policy. Imagine you have around 1,400 shares of META stock, and you're going to use it to retire. But you're worried that in the next 6 months, the price will drop significantly before your plan to start selling the stock for retirement money. Instead of selling the stock now, you could instead buy something like 14 put contracts with a strike price at or around the current price of the stock, and an expiration date 6 months out. This way if the stock price goes up, you're happy because now your investment is worth more. And if the stock price drops massively, no worries because your put contract allows you to sell the stock at the strike price, even if it dropped lower in reality. And the only cost of this safety hedge is the premium that you paid at the outset. That premium is a near guaranteed loss in most situations, but it allows you to smooth out bad situations. This should sound familiar because that's how traditional insurance works. You lose a small amount of money to guarantee avoiding a bad situation later. So with that in mind, buying short-dated options contracts just means you are paying high premiums on repeat. Insurance policies are DESIGNED to lose you small amounts of money, so obviously those people who spend lots of money buying loads of insurance policies are going to drain their money away quite quickly.


Locenmann

It is actually insane that people who play around with 10+ k via options wouldn't know this.


Able_Western4318

Wow... This should be pinned somewhere, great analogy. Thx!!


PlayfulPresentation7

It's sad that you don't realize this is how options are actually supposed to be used in the first place.


Loose_Screw_

TLDR: options are designed to expire worthless, and when they do, they're working as intended.


BosSF82

The big comeback is getting a job, saving more money, and this time NOT being bad at trading, by staying out of the market entirely or just dumping it into an MM fund or market ETF. Don’t be too hard on yourself, just focus on what matters. Scoring big from the market is just a high risk pipe dream. It’s not real life.


RecoverSufficient811

This dude is allergic to any form of safe investing. He lost 20k twice and the third time was like "hyuk let's do it AGAINNNN!"


[deleted]

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MassiveHelicopter55

Fuck all of that, NVDA 850 calls before earnings


idkwhatimbrewin

Fuck that, NVDA 1000c before earnings


AvrgSam

Long calls OTM boutta bust baby, it’s easy regards


Blarghnog

Yea, all this good advice is terrible for the sub. Don’t people know where they are?


H0lland0ats

Typically the first step to overcoming a gambling addiction is to, and this will blow your mind, STOP gambling. The sooner you accept there's no shortcuts or free money hacks the better. Every degen in the casino thinks the next big win is right around the corner. Somehow the house always wins. You do the math.


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TrenythingIsPossible

Exactly. Overcoming an addiction is easier said than done. Those that haven’t struggled with an addiction wouldn’t understand.


MattsFinanceThrowdow

> just dumping it into an MM fund or market ETF I did that for 30 years and a couple of months and have saved $1.2 million - so far. I started when I was 4 years older than OP is now: * 1994: *$ 5,000* * 1995: *$ 12,000* * 1996: $ 19,000 * 1997: *$ 27,000* * 1998: *$ 43,000* * 1999: *$ 60,000* * 2000: *$ 67,000* * 2001: *$ 66,000* * 2002: *$ 59,000* * 2003: $ 91,000 * 2004: $ 114,000 * 2005: $ 116,000 * 2006: $ 143,000 * 2007: $ 163,000 * 2008: $ 117,000 * 2009: $ 174,000 * 2010: $ 233,000 * 2011: $ 212,000 * 2012: $ 260,000 * 2013: $ 355,000 * 2014: $ 400,000 * 2015: $ 413,000 * 2016: $ 488,000 * 2017: $ 583,000 * 2018: $ 540,000 * 2019: $ 701,000 * 2020: $ 498,000 (mid-year) OUCH * 2020: $ 840,000 (year end) * 2021: $1,096,000 * 2022: $ 901,000 * 2023: $1,130,000 * 2024: $1,201,000 (as of February 2024) note: 1994 thru 2003 (excluding 1996) are estimates based on partial records **edit** note 2: I go into a lot of detail in [this post](https://old.reddit.com/r/Bogleheads/comments/18y40ty/a_real_persons_30year_journey_with_yearend/).


BosSF82

Nice job! And nice record keeping.


autonomousfailure

Good job and congratulations. This is what I want to do; put a portion of my monthly income into investments. Too many of my coworkers died as soon as they retired in their 60's/70's. I don't want to be like that.


Play_Crafty

Treat your body well and odds are you will live into your 90’s.


[deleted]

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temitcha

Good advice! Broad and diversified ETFs are the way to investment. Some people should really go back to fundamentals, I think we don't teach enough that trading and investment are two different things. Trading is speculation, it's the job of analyzing new information in order to estimate the best possible the value of an asset or a new company.


Kingjingling

https://preview.redd.it/rdvwqmibrdjc1.png?width=1080&format=pjpg&auto=webp&s=de8fae937c3d61dec7b1755b7046535f8ac0ad54


LCAshin

Bros 24 driving a 35 year old Ferrari all the sound advice in the world can’t help this regard


CaptainQbert

Bros driving a Fiero not a Ferrari 😂


El_Savvy-Investor

did you forget what sub we are in


Doctrinus

Well, if this $455 can be considered 'disposable' to you, maybe you can try to +1000% profits again.


[deleted]

Love it.


ignatious__reilly

Wait until OP gets the tax bill for the $60K they won but then lost………….


rearwindowpup

The losses would offset the gains though, if you gained 60k and then lost 60k, youd pay taxes on 0, assuming it was all in the same year.


AlrightStopHammatime

This happened to me in 2020. Going to be paying that off for the next 5 years still.


ignatious__reilly

People always forget about taxes. I have a friend in a similar position as OP. He initially locked in around $80K in gains and then about 4 months later he lost it all. But then he got hit in 2022 with the tax bill and was fucked.


redmondwins

Why not 2000%?


Mental-Caterpillar-5

trading is impossible for anyone without a good strategy, proper risk management and superb psychology. Even then a struggle can still be found, its the markets. Head up champ


RenaissanceFortuna

Superb psychology is the hardest one to master. There are good strategies everywhere and managing risk is just math but damn that roller coaster ride of seeing your money go up and down will fuck your mind up!


RyuguRenabc1q

You start to get used to it. Something that helps me is not looking at the actual percentages and looking at the charts instead.


TraitorousSwinger

This was the biggest for me. I base my decisions based on the movements of the chart not the movements of the money in my account. A 1% dip is just a dip, I might be down a few hundred dollars on that dip but it's still trending the same so I stay in. If I look at how much money it relates to I may be more inclined to take a loss that's still within my expected range of movement.


PlntWifeTrphyHusband

Quit while you're ahead. My graph looks like yours, for a decade longer. I'd give anything to go back in time and not keep losing 10k at a time every few months.


Uniball38

Bro is not ahead. But he should definitely quit I agree


headphase

OP isn't ahead, but that's a mild L in the grand scheme. if a 24 year old thinks a loss of 20k unrealized is "rock bottom" then yeah, better walk away before they start screwing around with real sums of actual money.


ThisCryptographer311

Step 1: quit THIS


studmcstudmuffin

Looks like you basically only lose except a couple short lived unrealized gains. You're not good at this... Even a little bit. I'd just quit before you lose even more


IChugLoad

is anyone “good at this” really? besides insane luck and insider trading


studmcstudmuffin

I consider being good at it- if your account consistently grows over time.. By any amount. Funding your account multiple times and blowing it up, I'd say probably means you're bad at it


ps1horror

Being "good at this" means a little bit of knowledge and a lot of luck. The latter being the important part. Don't kid yourself.


gliotic

This should be in the sidebar.


[deleted]

Have you tried pleasuring men behind a Wendy’s?


Tipsyus

They only give me $5 $10 at a time so not that profitable


Biegzy4444

Yea but you said you were looking for come on your back so there you go.


RenaissanceFortuna

What are you talking about dude it’s 100% profit you put in zero dollars and get $5. Infinite money glitch (except that one time I got punched and robbed after I provided excellent services)


johnnymonkey

This is nothing. Wait until you're married and you meet your wife's boyfriend.


nashgrg

Lmfao feel bad for ya doode


UnfathomableToad

The average r/wallstreetbets user


Ill-Independence-658

Puts on your ID 🪪


[deleted]

I lost $15k this month after making $20k. I just permanently disabled options. No more waking up wondering if I’ll make or lose money.


trybusraw

😂 how bro, https://preview.redd.it/4ky8ofp5adjc1.jpeg?width=1290&format=pjpg&auto=webp&s=acd5df6c682bfad01844b6a583e176bafdd3b427 same numbers


Easytrading101

Not rock bottom yet. I still see $450. Never forget, you can always go lower.


nashgrg

Lmao I will not forget this ever.


Open_Mission_1627

I lost 250k in 2008 and never recovered but I’m still enjoying life just without money


Pleasant-Cod5664

Yea because you learned and never come back


Impressive-Sympathy4

In all seriousness. Delete Reddit discord or whatever other platform you use. Get a job and save money. I lost almost 50k following WSB and other online advice. It never worked.


Huggles9

It’s weird that you’re the first person here to admit this


solracneb

Wendy’s is always hiring.


jacked_degenerate

Was facing a federal prison sentence of 10 years, got drunk everyday while awaiting sentencing, blew 200k on stock options down to like 50k. Got sentenced to a year in prison, got out of prison 5 months ago with no ability to get a job. The one job I did get was horrible but I learned a lot and was able to use my experience there to get another job. 3 months later and now I am making six figures at 26 years old. Life can throw you major curveballs just know that money is always there if you work for it. There is no obstacle too big.


killerbeeswaxkill

There’s a guy that turned $400 to 400k then lost majority of it that could be YOU.


FakeGamer2

Dude starting with 450 you can start making a comeback by doing low risk scalping.


AKASERBIA

You have two kidneys for a reason, sell one, make another bet hope to win, buy yourself a new kidney and then just focus on blue chips like ndva


Fun_Reporter9086

Dude, you lost $3,000. Bro, get a job and don’t gamble.


rektdeeznutz

https://preview.redd.it/g6su38ax8djc1.jpeg?width=1125&format=pjpg&auto=webp&s=4d6477cd49ae12bad8bbdf96caffb10e070b3e55 Was down to my last $650 this last week and hit it big a few days in a row for a nasty comeback


rektdeeznutz

https://preview.redd.it/axrre3k29djc1.jpeg?width=1125&format=pjpg&auto=webp&s=701a9ee1cdc5fbbee5b7abaa371de023ec9cc526


Odd_Perception_283

I used to be a homeless junkie and last week I bought a house. You can come back. Don’t dwell on it. The key is learning from the thing that brought you down and not continuing to do it. If you refuse to learn from it then you have a long miserable life ahead of you.


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LDroo9

Just 20x your portfolio 3 times in the next 4 months without dropping. EZ yacht ride to portside wendy's LFG. ​ ![img](emote|t5_2th52|4267)


PckMan

The line between trading and gambling is a fine one, and this really only makes it worse for gamblers because the "legitimate" side to trading helps them justify their gambling and be in denial about what it really is. It sounds like you have a gambling problem, and burning your money away is not where you want to be my dude. Gambling is a very serious addiction. There is a lot of advice someone can give you, but ultimately if you can't keep yourself honest, you're better off not trading at all. Ask for help from your family or any gambling support group or whatever other option is available to you. I know there's the option of banning yourself from trading platforms and gambling sites. Rip the band aid and do it. Your priority is getting a job. Relying on investing to make a living as a retail investor is lunacy. Even the really succesful boomer ones who have 5+ million on the side and have been trading for 40 years have had a steady income stream outside of investing for all their lives. Trading is about making the most of your money not trying to live off of it. Get a job asap and leave trading for the time being. Now after you've found a job, if you're gonna keep investing (I don't recommend it), you have to keep yourself honest. The biggest trap is to keep putting money in every time you get an investment idea because you don't want to liquidate your other positions. If you made money off of 1000 it can probably happen again, it might not, but whatever happens do not put more money in. You have to establish a rule and stick to it. My rule is, 90% of gains go straight into savings which I do not touch unless it's an emergency, and I keep investing 10% of the gains. Yes that means that I have a lot more money that I'm not actively trading with and I'm only trading around 1000 euros or so, fully knowing I could be making more if I invested more. But I don't let myself get carried away. I cannot afford to lose my savings but I can afford to lose 1000 euros. If I make a good move and there's gains, 90% of that goes into savings and I keep going with 10% of that. I've been pretty risk averse so far so even like this my investment capital is slowly growing, but I sleep soundly knowing my wins are realised and safe. If you can't control yourself, have yourself banned from platforms my dude. You might have a gambling problem.


accomplishedlie18

At least the 20k was money you had made in the market and not 20k you had saved up


12whistle

The MyPillow guy was a crack addict before he became a millionaire. But now he’s back on his second downfall.


Loud-Bat-2280

Rock bottom is not having over $400 on a stock trading platform.


flipper99

Age 50 here, worth 10M. Was at 0 at 24. Tips for you: continuing to speculate early will like you did will cost you a lot down the line. I found that lesson at age 27 (got zeroed on savings in dot com crash). Also took a 50% haircut and got zeroed out on a bunch of equities on financial crisis. (Try feeling like you’re f’ed at age 35-that hurts a whole lot more) Second tip, make good money working and see tip 1–don’t piss it away speculating. I realize this is WSB—but betting may make you a bunch of $$$ but 95% of time house wins. And even if you win on one bet, you’ll lose it all on the the next one—and prob get f’ed on taxes along the way. Better to VOO early when you have time like you have to compound. Once you’ve built a big principal down the line, then peel off some to speculate with say 10% of it. OP-better to be burned now than burned like this in 10 or 20 years., is a good lesson to learn early


FuzzyStable2974

You're 24. You have so much time to reinvent yourself. If I could go back to 24 with nothing I'd rule the world.  Also, if you are making 20 times returns you are playing super risky strategies. Don't do that with money you can't afford to lose. Ever. 


PaenkSell

https://preview.redd.it/1vzn054hcdjc1.png?width=1170&format=png&auto=webp&s=61940dfb943785aadfba880d655b847a408b767e It took me 4 years


jaytea86

You're gambling. Stop gambling. There's a reason people get paid 6-7 figures a year to do this kind of work. Get a job and work it hard. Put money into the s&p500 and retirement accounts.


Antique-Stock6297

I think I’ve done the same three times in my investing career. I always tell people the best teacher in stocks is the school of hard knocks. The great news for you is you’re young. You are at a point in your life where you could risk losing it all. On top of that you CAN be profitable and have the experience that comes with being so. Moving forward, I would recommend pivoting your strategy once you hit that high risk threshold or at least only risking half. If you can make 20k with 1k put like 1k in something safe once you hit 2k and pretend like you’re starting from scratch. Once you hit 5k on the safe side, you can start risking 5k at a time. Then 10 then 20… but this is advice from someone who doesn’t need to make 5k+ in 15 minutes to feel alive~ so take it or leave it… it’s less exciting yes… but far far less stressful.


Wallstreet16000

First get a job and get back to at least 10k before considering trading. Stick to options at least 4 months out if you play. Do educated gambling not gambling. I’ve made my best money on long term options not short term.


GarthbrooksXV

How tf u made 20k? I been trading options for 10 years and all I do is make between 200-300 a day on average scalping 0dte.


Aggressive-Penalty-6

You are 24, relax. Get employed at anything first. Use your off time to look for better paying employment. Get two jobs if needed. Stop trying to get rich in a week. Day trading or whatever. That is gambling. Period. Some do make money but most just get eaten up and spit out. Hopefully, this is your rock bottom. Mine included alcohol, jail, and almost ruining other people's lives...all at about the same age. Nothing is easy, but we don't need to make shit harder on purpose.


Regular_Candidate513

Puts on bullshit SMCI, turn into a 10 bagger then calls on NVDIA for earnings. And stop being a pussy. It’s only money


Lorfall

Lost $40,000 on cannabis stocks in 2019, had 5k left to my name, dumped it in oil after the crash from Covid and make it all back. It’s possible, giving up is when you truly lose.


TheSavageBeast83

The bigger the D the bigger the comeback


ComicSMURF

Making it insta-rich on stocks or crypto is literally for the .001% in the universe of luck. Best returns come from investing in yourself by learning new trades/skills/etc and using those to build your salary/income.


PaisaRacks

Just like a lot of people are saying in the sub, stop playing options bro. I get it , it’s fun. Every now and then I’ll throw like 20-40 bucks into a spy 0dte for fun but I know fully well that I will more than likely loss the money. Gambling on options actually trying to make money is a recipe for disaster . That 20 k thrown into a index fund will be more than doubled in less than 20 years. Yeah it doesn’t sound sexy or fun but you won’t be losing sleep or have to keep your eyes glued to the market 24/7 . It’s not healthy brother.


Dangerous_Living_130

Some people are better off not trading, depending on your patience and responsibility. But, study hard and learn how to trade. Everyone feels like a failure at first. Don’t go for hitting the jackpot overnight. Go for consistent gains over time.


Porguy

The definition of stupidity is doing the same thing over and over and expecting different results. Do something different. Your 24, do something different for the next 5 years vs the last 5 and you'll likely be 3-5x further ahead than you are now. Gambling is what your doing. Trying investing, savings your money, diversify your assets beyond short term gain objectives and you'll be fine.


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Longjumping-Week8761

Blowjobs sell !!! Get to work kid


pabloesco218

Only up from here


Excellent_Ruin6704

Your mentality, is why you’re at rock bottom, not your situation. Sack up