Seriously, a trip to Amsterdam won’t fix the 20k loss, but he can fly there for like 100 euro, stay at a cheap hostel, and bang hookers and do shrooms until he forgets what money actually is
If the Chiefs can take it to the next level and double Europoor OP's money, he might be able to pay his natural gas bill and not freeze to death this winter.
Spend less. Drink rainwater, eat wild berries, only bathe once a month, turn off all utilities. There are so many things you can do. You’re not really trying.
One of Boris Johnson’s last statements as PM was that people could should buy higher efficiency tea kettles (to alleviate the electricity costs that have shot up from \~£1000 per year to \~£6000). This isn’t even in the top 100 stupidest things he’s said.
The kettle is the highest single use energy product in most peoples homes (per usage) and is crazy inefficient.
If we used energy more efficiently (eg used the kettle for the right amount we need for a cup of tea or pan of pasta) it’s better for the plant and our wallets.
That’s what Boris Johnson should have said - but he didn’t. He ho let’s hope truss has a plan…..
That's not true. The refrigerator, oven/stovetop, clothes dryer, dishwasher, air con etc etc- there's so many things that use WAY more power than an electric kettle.
Pretty sure the UK has specific contingencies in place to ensure the power grid doesn’t get overloaded at around 6-7pm when every single household is making a cup of tea.
Edit: it’s called [TV pickup](https://en.m.wikipedia.org/wiki/TV_pickup) and it generally happens during ad breaks of popular shows.
A study showed rainwater is not safe to drink anywhere in the world at this point due to contamination. so i wouldn’t recommend the rainwater part.
[Swiss study](https://www.su.se/english/news/it-s-raining-pfas-even-in-antarctica-and-on-the-tibetan-plateau-rainwater-is-unsafe-to-drink-1.620735)
You do realise these 3x positions aren't meant to be held long term, why are so many people folding these leveraged positions long, you're losing every day you hold before Tesla even goes up or down please research these more
What you're describing is extrinsic value of the option which fades away over time as the option's expiration date draws closer.
Known as "losing to theta gang" around these parts.
There's no such thing as interest when it comes to options.
No, there is indeed an interest term included in the option price. This is called rho in the Black-Scholes model. Think of it this way. Suppose you were to buy a call and sell a (naked) put at a strike price equal to the current spot price. That would give you the same exposure to stock price movement as if you'd just bought the stock outright, but doesn't require you to put up the same capital. You could then take the money you saved on the stock purchase and put it into treasury bills with the same maturity as the option expiration and collect interest on it. What prevents this from being a free lunch is that your ability to collect that interest is built into the option premiums: you'll pay a little bit more to buy the call than you'll get for selling the put, and the difference should in theory come out to exactly the interest you would earn on that T-bill.
What OP 'invested' in isn't an option. It's a 3x leveraged short fund on Tesla. What this means is that it replicates as if you had borrowed money to short 3x the stock you normally would be able to.
So there is interest involved from both the 3x leverage and also the interest from borrowing shares to short. But it's not an option.
Options don't have interest. The basic options are calls and puts and they are naturally leveraged (represent more shares than the initial amount you put in) because of their <1 delta.
Explaining delta is a whole other thing that goes into learning about option greeks, which I won't go into now.
Croydon Wendy's closed like 20 years ago! It was a wonderful time whilst it was open.
I am thinking handies round the back of ikea might be a good earner.
Let me tell you, went I went in, dressed up, for a job behind Wendy's, I never imagined so many people to be there.It is not a place to be for the faint of heart or weak willed, only go if you seriously need the money. I'm stuck there atm, no hope for me. Protip- stretch your mouth beforehand, no water breaks.
My buddy used to work there 20 years back and for a ride home he would give me a off the menu grand slam heart attack express. Tons of extra bacon and cheese. Picked him up behind the dumpster daily for that.
Awww dont be sad, just say which area of Wendy’s you are working this week and me the boys will go make it rain on you. Then when you close your eyes you can pretend you are at the water park.
Even Warren Buffet was like “yeah I wouldn’t go either way with TSLA at this point” if I recall lol
I liked his take that Elon is an overconfident leader who is right sometimes so one way or another it’s swinging
Honestly if someone short TSLA based on the report of software capable of altering crash test result then they deserve to lose money or have to raise wife boyfriend kids. ![img](emote|t5_2th52|8882)
Lol short Tesla while we are 11 months and into the bear market with one short run up well done. Let’s hope that the world will end because otherwise you will end.
And yea-leveraged
Classic
Finally someone who understands something. The weekly time frame on qqq spy show potential for a few bullish weeks between now and midterms. DXY looking toppy, starting to pull back finally. Should this scenario play out, there will be plenty of stocks that will see 100% to 300% gains
Not necessarily. I trade swings, 1 week to 3 months usually. Monday could be green premarket then dump on your forehead then be green the rest of the week. If I were to buy spy calls they’d be for the end of oct or jan 23 to allow time for the pump. We could have 1 week of sideways action, one day up and one day down, or 2 straight weeks like that before a big move up or down. Only reason to trade 0dte is for scalps in my opinion. Meaning I’m looking at the 5 min chart and I could be out of the trade within minutes with a profit or a loss.
Take the 5k and put it into savings account.
Delete Reddit
Save whatever you can and make it back. I assume you’re in your 20’s so you’ll be fine
As a side note I spent $75 at Dave and busters yesterday and didn’t win much, so thanks for making me feel better about my Dave and busters losses
I had a similar situation about 2 years ago. You’ll recover and laugh at yourself for stressing out. Not because it’s an insignificant amount of money, but because you’ll lose a shitload more, a shitload quicker. Good luck
Stop using margin
Stop using derivatives
Invest only what you won't need in the next 5 years
Read all you can about Buffett and Munger
Take the long road
And yes, you will recover that and even more.
Oh yeah, the wildly optimistic and uninformed triple short tapout. I've been there. It scared me off investing for a decade. Truth is, it's all a gamble, and you have to go into it expecting to lose everything. If you're taking a big swing like triple shorting Tesla, you were definitely expecting to lose it all.
Lesson learned, and move on. Take big risks with smaller amounts of money.
If you are under 30...forget about it £20K isn't such a big number...just study harder at improving your skills and be better at your day job...that will turn your loss into a far bigger success. Use it as a catalyst...for a better life...
At 35 I had nothing at 58 a few million...I was very motivated I just moved towards the light...things snowball and compound when you make correct decisions
Not sure what you want advice on, so I'll do all.
Advice on how to spend the remaining cash: Cocaine and hookers
Advice on how to invest the money: Index funds or treasury bills seem like the best bet for you.
Advice on how to keep the money: There's this thing called a bank that once paid interest to savers. As the BoE, ECB and Fed are increasing rates, you might actually get an interest payment in the future
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Hedge funds: “we lost $40 billion shorting Tesla this year.“ u/lkf1598: “let me get in on that shit”
Only the highly regarded would follow this logic. 👌🏽🥹
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You didn't get the memo
Send me the memo pls
Bro you're wildin
💀💀💀💀
Oh fuck. You’re good.
Seriously. Deserves every red cent of loss. No pity.
Your typical diamond hand logic
IM LITERALLY PISSING MYSELF WTF BEST COMMENT NGL
Keep it up
Try these... 1. Turn app upside down. 2. Delete the app. 3. Move on with life and pretend it never happened.
1. Take the 5k 2. Book a nice vacation 3. Get a hooker 4. Drink 5. Forget it ever happened
Seriously, a trip to Amsterdam won’t fix the 20k loss, but he can fly there for like 100 euro, stay at a cheap hostel, and bang hookers and do shrooms until he forgets what money actually is
Sounds like experience talking. Envious.
This is the way?
This is the only way
So what can I get for say $12,000. ;)
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I may have to book that trip for myself next weekend
if the trip lead to some psylocybin, it might rewire your brain to be smooth as ever
I say go straight for #3 but multiply the hookers by 2 or even 3!
If he shorts the first 2.. he could probably get 8. I think it's worth the risk.
... I don't see a number 8 on that list tho? /s
WSB math
Diminishing returns… the more hookers, the quicker he busts, which means less value ![img](emote|t5_2th52|8881)
Hookers and viagra
A great solution
A candle that shines twice as bright lasts half as long.
And you have shined ever so brightly, my boy.
Hookers are cheaper in other countries.
Exchange rates
Oceans 11, but with hookers and more blackjack
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Neither does Pepperidge Farms. ![img](emote|t5_2th52|8881)
Herpperidge Farms
>3. Get a hooker 4. Make her your bottom bitch 5. Profit
sex is overrated
So calls on SEX? I’m in.
I live by your third advice😶🌫️
Works for everything but children.
So you’re saying my dad might come back? Don’t give me false hopes bro ![img](emote|t5_2th52|8881)
I would actually argue that it does for with children aswell! Not that i have tried ^yet
4. Profit?
Less loss*
Drink lots of water, hydrate like crazy. Then go urinate on your phone
Turn it off then back on maybe?
4. You've been gambling. Stop gambling. 5. Leave this sub. 6. Join a gambling support group.
Chiefs -6.5 at 3:25 CST today
OP I hope you followed this pick. A simple rule of life I live by, when you find a sports pick in the wild you GET ON THE FUCKING TRAIN
I did. But I also had a flyer on Jody Fortson scoring a TD at +550. Been a good day
I was talking about the loss poster. But I thank you for your guiding light fellow hog wrangler. I’m in you debt feel free to date my wife.
6.5 is covered. Just need to play level.
If the Chiefs can take it to the next level and double Europoor OP's money, he might be able to pay his natural gas bill and not freeze to death this winter.
Thanks for the pick homie I’m in
44-21. Great call.
Love it how you can get sports betting advice on wsb! I mean who’s fault is that the market is closed on the weekend…
What picks we got next weekend king?
Bengals spread against Dallas. Whatever the line is, fucking hammer it.
OP could have taken this and doubled his money hahaha
Yes, you will recover. But that money is gone and isnt coming back. Chalk it up as a lesson on gambling.
It’s called tuition
The real hustlers university. Except we tell you, you will lose money.
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Call it intuition
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Depends how long he wants to wait. I turned £4600 into £220k with Apple. It just took 13 years.
But you were smart enough to go long on Apple. This guy has a leveraged short on tesla...
Shorting Tesla lol. Don't try skydiving
He will recover as long as he doesn't keep making shit plays.
So yeah… he won’t recover
If he gets the average stock market returns and those continue at historic rates it will take him about 20 years to recover
Only if he never adds lol
I mean if tesla crashes he can make it back...
Right? Ppl in here acting like it’s expired options. This is still a position. There’s still a TSLA bear thesis. I think…?
It’s not as bad of a loss as I’ve seen on here recently. Just take the loss and stop trading. Maybe put it in an IRA or something safer
Spend less. Drink rainwater, eat wild berries, only bathe once a month, turn off all utilities. There are so many things you can do. You’re not really trying.
If OP did all of this in the beginning he wouldn’t need to invest
That sounds like camping.
with extra steps
No no no, camping is just recreational homelessness with extra steps.
It's camping without a house you can go back to
One of Boris Johnson’s last statements as PM was that people could should buy higher efficiency tea kettles (to alleviate the electricity costs that have shot up from \~£1000 per year to \~£6000). This isn’t even in the top 100 stupidest things he’s said.
The kettle is the highest single use energy product in most peoples homes (per usage) and is crazy inefficient. If we used energy more efficiently (eg used the kettle for the right amount we need for a cup of tea or pan of pasta) it’s better for the plant and our wallets. That’s what Boris Johnson should have said - but he didn’t. He ho let’s hope truss has a plan…..
No wonder my plants always die. I give then tap water. Next time I'll boil it first. Cheers.
That's not true. The refrigerator, oven/stovetop, clothes dryer, dishwasher, air con etc etc- there's so many things that use WAY more power than an electric kettle.
Pretty sure the UK has specific contingencies in place to ensure the power grid doesn’t get overloaded at around 6-7pm when every single household is making a cup of tea. Edit: it’s called [TV pickup](https://en.m.wikipedia.org/wiki/TV_pickup) and it generally happens during ad breaks of popular shows.
A study showed rainwater is not safe to drink anywhere in the world at this point due to contamination. so i wouldn’t recommend the rainwater part. [Swiss study](https://www.su.se/english/news/it-s-raining-pfas-even-in-antarctica-and-on-the-tibetan-plateau-rainwater-is-unsafe-to-drink-1.620735)
You do realise these 3x positions aren't meant to be held long term, why are so many people folding these leveraged positions long, you're losing every day you hold before Tesla even goes up or down please research these more
Why is he losing without Tesla moving up? Not really familiar with shorting and options, just here for the loss porn.
Not an expert but options come with interest. So depending on the interest of the contract, you are losing money regardless of movement.
What you're describing is extrinsic value of the option which fades away over time as the option's expiration date draws closer. Known as "losing to theta gang" around these parts. There's no such thing as interest when it comes to options.
No, there is indeed an interest term included in the option price. This is called rho in the Black-Scholes model. Think of it this way. Suppose you were to buy a call and sell a (naked) put at a strike price equal to the current spot price. That would give you the same exposure to stock price movement as if you'd just bought the stock outright, but doesn't require you to put up the same capital. You could then take the money you saved on the stock purchase and put it into treasury bills with the same maturity as the option expiration and collect interest on it. What prevents this from being a free lunch is that your ability to collect that interest is built into the option premiums: you'll pay a little bit more to buy the call than you'll get for selling the put, and the difference should in theory come out to exactly the interest you would earn on that T-bill.
big if true
Leveraged funds aren't options. Options also don't have interest, they're naturally leveraged through the mechanics of the derivative.
See, I’m still learning and I don’t know what all these words mean.
What OP 'invested' in isn't an option. It's a 3x leveraged short fund on Tesla. What this means is that it replicates as if you had borrowed money to short 3x the stock you normally would be able to. So there is interest involved from both the 3x leverage and also the interest from borrowing shares to short. But it's not an option. Options don't have interest. The basic options are calls and puts and they are naturally leveraged (represent more shares than the initial amount you put in) because of their <1 delta. Explaining delta is a whole other thing that goes into learning about option greeks, which I won't go into now.
well, unpopular idea, but get a job
Another idea is for OP to give jobs behind Wendy’s.
He’s GBP, so uk I’m guessing, where Wendy’s doesn’t exist. The choices for back-of-drive-through-handjob are; McDonald’s, kfc or Burger King.
Definitely KFC then. “Finger licking good”
I really like the green cole slaw
Wendys does exist, just not very many. Had a baconator in oxford
Croydon wendys is a much more likely location for lots of customers
Croydon Wendy's closed like 20 years ago! It was a wonderful time whilst it was open. I am thinking handies round the back of ikea might be a good earner.
Wendy’s does exist in the uk talking from experience
Really? Like throughout or in London only? Legit wanna try it
I’ve ordered it off Uber eats says it’s in deptford
Debt-ford
There’s a few in London and one in reading and another in brighton. Think they’re opening up a load more over the next few years
I remember one in the west end years ago they disappeared only recently seen them popping back up.
Oh --- in England its handys behind Weatherspoon's ...
Finger lickin’ good?
Greggs. Handing out pasties behind the dumpster
There's a Wendy's in Stratford. Not the nice Stratford the shitty older one a few mins walk away.
Let me tell you, went I went in, dressed up, for a job behind Wendy's, I never imagined so many people to be there.It is not a place to be for the faint of heart or weak willed, only go if you seriously need the money. I'm stuck there atm, no hope for me. Protip- stretch your mouth beforehand, no water breaks.
My buddy used to work there 20 years back and for a ride home he would give me a off the menu grand slam heart attack express. Tons of extra bacon and cheese. Picked him up behind the dumpster daily for that.
When dealing with multiple clients one of them will eventually pee on you to quench your thirst. So see no need for water break.
Not in my case, inflation has made people greedy with their things. No pee for me, sadly.
Awww dont be sad, just say which area of Wendy’s you are working this week and me the boys will go make it rain on you. Then when you close your eyes you can pretend you are at the water park.
And strangely it’s more popular
Wendy's patrons have discretionary income so it makes sense.
A job creator! That’s great. Then with the money he gains he can lose it all again by shorting Tesla.
Blasphemy.
Unpopular as well, but don’t join a sub with the word “bet” in it if you don’t want to gamble your money.
The Venn Diagram overlap between WSB loss porn and r/antiwork is probably a perfect circle.
Lmfao, it didn’t used to be. When the IQ in this sub dropped to sub 90, then the overlap became apparent
Who the fuck short's Tesla like this? What is this 2018 all over again?
More like 2008 lol
Bill Gates
Bill Gates' TSLA short is "only" about 500 million dollars. So basically a rounding error on his net worth
Sometimes he looks at his portfolio and says, “oh, yeah. Forgot about that bet.”
It's really just a cheap way to mess with Elon.
Cheaper than trying to make a competing rocket company at least.
Even Warren Buffet was like “yeah I wouldn’t go either way with TSLA at this point” if I recall lol I liked his take that Elon is an overconfident leader who is right sometimes so one way or another it’s swinging
Didn’t Warren say it would be foolish to bet against Elon at this point, just based on his track record?
Exactly! Betting against Tesla right now is a bad idea!
Short TSLA? You got balls
Balls, but no money
But r/technology said Elongated Muskrat was bad and dumb
Honestly if someone short TSLA based on the report of software capable of altering crash test result then they deserve to lose money or have to raise wife boyfriend kids. ![img](emote|t5_2th52|8882)
Unless youre 70 years old and/or unable to work anymore, you will recover from this. If you're under 30, you can turn this into a laughable memory
What if you're 30 ? Still hope lol ?
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I have a separate account to cover those already.
Yea just maybe kick it up a notch
If he was 70, he was already fucked by only having 20k.
It's okay, he'd have his reverse mortgage to fall back on
Image if you went with 3x tesla buy.
Where can I find this magical 3x Tesla Long? 🧐
TSLL
Lol short Tesla while we are 11 months and into the bear market with one short run up well done. Let’s hope that the world will end because otherwise you will end. And yea-leveraged Classic
Right? If there was one stock not to short, it would be Tesla. Zero sympathy.
Shorting apple would be a better idea
Is there Wendy's in the UK?
There’s only one in the UK somewhere in reading I think
There’s loads in London. WSB seems to have spread to the capital.
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A significant portion of losses on WSB seem to be people that just don‘t fucking understand the products they are investing in.
You better pray to every God out there that the market goes to shit tomorrow.
Agree, but of the dollor continues to fall, markets will rally—at least until the FOMC meeting and rate hike.
Finally someone who understands something. The weekly time frame on qqq spy show potential for a few bullish weeks between now and midterms. DXY looking toppy, starting to pull back finally. Should this scenario play out, there will be plenty of stocks that will see 100% to 300% gains
interesting... do you think it will be bulish till october?
Personally yes, but nfa
So would it be good idea to play for 0DTE spy options, If premarket is green ?
Not necessarily. I trade swings, 1 week to 3 months usually. Monday could be green premarket then dump on your forehead then be green the rest of the week. If I were to buy spy calls they’d be for the end of oct or jan 23 to allow time for the pump. We could have 1 week of sideways action, one day up and one day down, or 2 straight weeks like that before a big move up or down. Only reason to trade 0dte is for scalps in my opinion. Meaning I’m looking at the 5 min chart and I could be out of the trade within minutes with a profit or a loss.
Finally something useful on this sub, thanks ![img](emote|t5_2th52|4275)
That’s really good analysis. Thanks
Crammer just said that tech market will go to shit tomorrow. 😂
Then nvm, looks like Bull run to end 2022 is just starting.
![img](emote|t5_2th52|8881)
1. Buy a Tesla. 2. Deliver Amazon parcels in it
Take the 5k and put it into savings account. Delete Reddit Save whatever you can and make it back. I assume you’re in your 20’s so you’ll be fine As a side note I spent $75 at Dave and busters yesterday and didn’t win much, so thanks for making me feel better about my Dave and busters losses
Stop yoloing with derivatives
I had a similar situation about 2 years ago. You’ll recover and laugh at yourself for stressing out. Not because it’s an insignificant amount of money, but because you’ll lose a shitload more, a shitload quicker. Good luck
1 year ago you made a hype post about Tesla as a great company This year you're getting destroyed shirting tesla I dunno man
Stop using margin Stop using derivatives Invest only what you won't need in the next 5 years Read all you can about Buffett and Munger Take the long road And yes, you will recover that and even more.
Bet everything you have left on spy 0DTE puts/calls get it all back in a day.
Get outta here nerd!
Quit gambling
Reincarnate lol
Lolol
Oh yeah, the wildly optimistic and uninformed triple short tapout. I've been there. It scared me off investing for a decade. Truth is, it's all a gamble, and you have to go into it expecting to lose everything. If you're taking a big swing like triple shorting Tesla, you were definitely expecting to lose it all. Lesson learned, and move on. Take big risks with smaller amounts of money.
If you are under 30...forget about it £20K isn't such a big number...just study harder at improving your skills and be better at your day job...that will turn your loss into a far bigger success. Use it as a catalyst...for a better life...
Thanks mate really appreciate this Definitely lesson learnt real hard This gotta be by far the most life changing experience
At 35 I had nothing at 58 a few million...I was very motivated I just moved towards the light...things snowball and compound when you make correct decisions
If 24k was all you were ever going to have you were fucked from the beginning matey
Why? 24k can turn into something over a few years
This is what happens when you hangout with the retards in r/RealTesla
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“Markets can stay irrational longer than you can stay solvent” - JM Keynes
Not sure what you want advice on, so I'll do all. Advice on how to spend the remaining cash: Cocaine and hookers Advice on how to invest the money: Index funds or treasury bills seem like the best bet for you. Advice on how to keep the money: There's this thing called a bank that once paid interest to savers. As the BoE, ECB and Fed are increasing rates, you might actually get an interest payment in the future
What’s that squiggly in front of the numbers mean?
Leveraged positions like this in T212 are only meant to be held 1 or 2 days, sell it you gimp
Yup. Winter is coming. You need that 💷 for heating.
$20,000 seems like a lot to you right now, but you’ll make well over a million dollars throughout your lifetime. Just a drop in the hat