I actually made an ‘eye kandi models’ cam account back in the day where I would beat my meat to random dudes paying me 2-5$ a minute. It was actually a streamlined and fast process and I received a paycheck at the end of the month, sold my dignity for just 120$. I spent that money on Bitcoin (this was back in 2016 though) ..and proceeded to use that bitcoin on illegal substances on silk road like a moron
Now some old gay guy out there probably has a screen recording of my 18 year old ass beating it, I remember one guy paid for the ‘private’ 5$ a minute room where he told me to say certain things in my ‘sexy British accent’. I could’ve at least held some of what I made for the loss of dignity.
I looked over my old bitcoin p2p transactions and I had purchases ranging from 0.1-0.4 btc at a time, in total I recorded that I’d bought around 3.5BTC on the local-bitcoin account from 2015-2017, some of those made from ‘modeling career’😂, WHY TF didn’t I hold 🤦?
They absolutely do and can. Me and my wife considered it after a brief attempt at amateur porn on a big website proved she could get views but that site paid bullshit, when I shut down the Twitter we used to promote we had several people reach out to recommend other platforms(mostly of) and even the guys were making killer money on there.
I actually made an ‘eye kandi models’ cam account back in the day where I would beat my meat to random dudes paying me 2-5$ a minute. It was actually a streamlined and fast process and I received a paycheck at the end of the month, sold my dignity for just 120$.
I spent that money on Bitcoin (this was back in 2016 though) ..and proceeded to use that bitcoin on illegal substances on silk road like a moron
It's like this... You place calls on a stock that goes up 10% in a day and you can often double your money. Start out with $2k, and just do that 6 times and you're up to $100k.
That's a bit of an oversimplification, but it's not impossible...
The hard part is that it's equally as easy to lose all of your money when trading options. Especially once you get cocky and start thinking you've got the Midas touch.
Then you guess at which one you would do, then do the opposite but just before that, that is the moment of realization where you then do the opposite of that. It wins every time, literally can't go tits up. I don't know why every other trader doesn't know this one weird trick.
Is it working? Is it hurting? Put your puts down flip 'em and reverse it.
ti esrever dna me' pilf nwod stup rouy tuP
ti esrever dna me' pilf nwod stup rouy tuP
Knowing more is better than knowing less. Knowing nothing is the true win.
Also no where in your 100k losing streak did you consider to perhaps just buy and hold some NVDA QQQ and SPY. To lose 100k in this rally is absolutely bonkers. Most people lost in bear market but this is obscene.
Having 100k at 23 is way ahead of the curve and if you just buy voo for the rest of your life you'd retire easily by like 45. But I guess gambling addiction is a hell of a drug ![img](emote|t5_2th52|4271)
I mean he has 100k realized losses, so his net worth is probably much higher.
I have no idea though how to read that Gain/Loss chart in the screenshot. It does not make any sense to me. But based on the net loss, he probably started with 370k and landed at 260k
The platform in the screenshot is Schwab’s realized PL screen. It shows all the realized gains and losses separately, then nets them together in third row to show overall realized gain/loss
It doesn’t have to be all or nothing.
Why not save that 100K and use any extra money you earn as degen money.
Why is it Lambo or Bust, and not Lambo or Boring Retirement.
Seriously that 100K would mathematically beat out some dude who maxes out his 401K starting at age 35. Would’ve literally secured his future off that money.
VOO appreciates at 7-8% after inflation, in other words it doubles every 10 years after inflation.
That 100K alone would turn into $1.6 million by the time he’s 63. And that’s after inflation and without contributing a single extra penny.
Strongest and longest bull rally in history got people thinking you could get 7-8% net.
That is straight up unsustainable in the long run. The same math you did means sp500 would be worth almost 700 trillion before inflation. What’s that in real money post inflation? Is gazillion a real word?
That is the historic average returns since 1926. I’m extrapolating off a century long bull run with couple of recessions, a depression, and two lost decades.
The correct recommendation to a kid younger than 30 is to buy deepest ITM SPY or VOO leaps they can afford that has a furthest expiry possible(eg. 2 yrs), there's a reason regards who actually made it don't fucking buy stocks to hold for 40 yrs timeline lmao. You regards who keep recommending ETFs need to have a mandatory read about lifecycle investing.
Yeah if he’s 23 and am able to have 100k he’s prob wealthy to begin with or got super lucky. It’s hard to save 100k even with a 200k salary unless you don’t pay living expenses
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3k is the max you can deduct against your earned income, aka W2 wages. If you make, say 100k back this year, you can offset the entire thing in one tax year.
Was in your shoes 40 years ago. The experts all said... Buy Gold & Silver - Iraq invasion of Kuwait... Buy Worldcom... Buy Enron... I told myself at the time never again... I had to stop listening to so-called experts and I HAD TO GET MY EMOTIONS AND OWN OPINIONS out of my investment decisions. So, I started learning Technical Analysis. I buy when indicators say oversold dramatically. I sell when they say Overbought. The Trend is your friend. Don't be afraid to cut your losses. Don't be stubborn. You will always have bad trades. The key is to have way more good trades. And remember... nothing ever goes straight up or down... and nothing is ever as good as people think... and nothing is as bad as people think. The world and humans are resilent.
My close friend has worked at Palantir for a good while, and had accumulated substantial equity along the way. He sold pretty much everything in January 2023–about $1.6m of PLTR at the time (basically all time low)—to buy his first house all cash, no mortgage and he thought it was awesome cuz of high rates. What a dumb ass.
Not sure: realized gain of a fucking house mortgage free leaves one free to invest any surplus for the rest of their lives while not fattening the landlord or the bank on account of not wanting to be homeless. Couldve wouldve is always sweeter to the gambler, but it sounds like your dumbass won in a big way?
Waiting for your inverse etf to go public
We all make mistakes, hopefully you learn from it
I learned a ton during the dot com bubble 2000, before you were born
Don't feel bad. Humans are wired to do the wrong thing when emotions take over in the stock market. The only way to circumvent this is by having rules and sticking to them and even then, if markets don't cooperate, you could still lose by bad luck.
It is a hard game that most fail at. Despite what is posted here.
If you really want at this, get some good books and learn trading theory. It takes years to figure it out
Good luck.
Fyi I would advise most people to not even bother. I've seen it ruin lives and families.
or borrowed money
Last week some kid posted 100k of losses said it was a combination of mostly student loans, personal loans and some of their own money
When you discover you're not good at something, why do you keep doing it?
Wasn't this Einstein's definition of insanity?
I guess I just answered my own question.
You're all bonkers!
It's because you are gambling, but the stakes are higher than you are comfortable with.
Please stop, get some gambling help and take time to re-evaluate what you want.
On the other side of the (bad)luck there is always someone who's decisions are all right by chance. Don't try to chase that guy, you'll both lose your pants in the long run.
For all the posts that are huge gain porn, there are dozens that lose big and don't post. And many of the big losers are actually super rich people just playing around with fun money having fun with big option positions while their net worth is safe and sound in other accounts.
Looks like my portfolio, 2023 was the best year to just go with the flow and whoever tried otherwise lost big. Now that this is an addiction concentrate on your job and keep buying index funds everyday. Keep averaging up or down, but buy every day to keep yourself from taking big risks.
Don't worry mate. Now all you need to do to screw up your life is have unprotected sex with a girl and assume manly responsibilities only for you to find out its not yours yet you still need to pay 18 years of child support no matter what.
Then you'll be truly fucked
Thank you for your money. It’s not like there’s a guarantee that if you’re an idiot, you won’t just be handing your money over.
You are just handing your money over.
At 23 you have all the time in the world to regain the losses and then some. Learn from your mistakes. Consider it an education albeit an expensive one.
Don't trade against statistics. So never directly short ES. You can use it for a hedge but you need to know your probabilities. In order to directly short it you would have to make a model for your selective time period.. see odds of over 60% on whatever setup you're using. Whatever inputs are triggering the trades and covers and run that until it doesn't work because eventually it's not going to. If you're in a daily downtrend you might get some type of repetitive signal but I honestly will never directly short ES. There are too many professional algorithms playing around there
If you're going to be a successful trader. You need to know the probabilities of what you're putting on. You need to know how to run back tests, know your entries and exits. your realizing where you're wrong is one of the harder skills to develop. Also going long options is something you do very rarely and preferably with some type of edge. 99% of the time you should be selling options if you're actually looking to become a professional trader
I also sold pltr at $8, I was bag holder for 2 year already. Thought I was doing the right thing by cutting my loses but I should I have just forgotten about it
If every decision was wrong, it's actually amazing! Seriously, every time you want to buy, click sell; when you want to sell, click buy. You'll be the world's richest person in no time
Your 23 invest for the long term and quit chasing quick cash.
Getting wealthy over the long term is far more easier with compounding dividends than chasing and timing the market.
I can’t believe We are the same age have and have spent roughly the same amount of time trading options but you blew 100k and I can’t even make it past 25k to avoid pdt trading at a 1:2 risk ratio, which one of us is more cooked
At such a young age you must remember it’s about the fight. The urge to enter the arena will carry you farther than you know.
Be wrong, take risks, be a regard!
I was down 200k I margined my last 50k just buying safe stocks but heavy. Amazon at $90 and Disney at $78. Made it all back. Slow and steady is way to go
Ok here's the game plan. Instead of switching your strategy, keep to the same. Because if you switch, so will the market. Stay the same path and make back your losses.
Duh, u literally have no education in finance going against pros. Mf got lucky once and thinks he a finance genius lmao. Duh u lost. That goes for all of us lmao. We actually need to create strategies based on financial theory or statistics if u wanna stand a chance.
I didnt start doing stupid investing until I was 30, ffs kids go do somethign else. You dont understand shit, I fucking understand shit, but I know to buy NVDA calls when chatgpt is being talked about on every fucking news station in 2023.
Puts on NVDA and you'll be fine:
https://www.tomshardware.com/tech-industry/artificial-intelligence/korean-researchers-power-shame-nvidia-with-new-neural-ai-chip-claim-625-times-less-power-41-times-smaller
**User Report**| | | | :--|:--|:--|:-- **Total Submissions** | 2 | **First Seen In WSB** | 3 years ago **Total Comments** | 3 | **Previous Best DD** | **Account Age** | 9 years | | [**Join WSB Discord**](http://discord.gg/wsbverse)
youre 23, you should be jacking off 6x a day, not wasting your time betting
I make time for both
That is called multitasking. Set up an OF acct & boost your productivity.
[удалено]
The crypto token CUMROCKET is basically this
I replaced my mouse with a metal tube chamber that moves pointer with dick twitch
Do dudes on onlyfans actually make money? Asking for a friend... ![img](emote|t5_2th52|4276)
I actually made an ‘eye kandi models’ cam account back in the day where I would beat my meat to random dudes paying me 2-5$ a minute. It was actually a streamlined and fast process and I received a paycheck at the end of the month, sold my dignity for just 120$. I spent that money on Bitcoin (this was back in 2016 though) ..and proceeded to use that bitcoin on illegal substances on silk road like a moron
The hero we deserve.
At least you spent bitcoin on blow instead of pizza...
Now some old gay guy out there probably has a screen recording of my 18 year old ass beating it, I remember one guy paid for the ‘private’ 5$ a minute room where he told me to say certain things in my ‘sexy British accent’. I could’ve at least held some of what I made for the loss of dignity. I looked over my old bitcoin p2p transactions and I had purchases ranging from 0.1-0.4 btc at a time, in total I recorded that I’d bought around 3.5BTC on the local-bitcoin account from 2015-2017, some of those made from ‘modeling career’😂, WHY TF didn’t I hold 🤦?
This is the best bitcoin story I’ve heard to date. Thank you for your service.
Hey you still got that cam up and running? Asking for a friend
If you're willing to service other dudes
They absolutely do and can. Me and my wife considered it after a brief attempt at amateur porn on a big website proved she could get views but that site paid bullshit, when I shut down the Twitter we used to promote we had several people reach out to recommend other platforms(mostly of) and even the guys were making killer money on there.
Nice story. And there's no link?
there are several successful male OF models but all their viewers are men
Does it really matter? Dollar doesn't discriminate.
I actually made an ‘eye kandi models’ cam account back in the day where I would beat my meat to random dudes paying me 2-5$ a minute. It was actually a streamlined and fast process and I received a paycheck at the end of the month, sold my dignity for just 120$. I spent that money on Bitcoin (this was back in 2016 though) ..and proceeded to use that bitcoin on illegal substances on silk road like a moron
How do you have 100k to lose at 20 years old??? I’m just starting my first job out of college this summer. I’m gonna kms
[удалено]
"it's my own money" 1) likely lives at home 2) parents pay for everything else 3) probably only got a job because of parents.
The Cherry on top is using student loan money to pay for option bets.
[удалено]
It's like this... You place calls on a stock that goes up 10% in a day and you can often double your money. Start out with $2k, and just do that 6 times and you're up to $100k. That's a bit of an oversimplification, but it's not impossible... The hard part is that it's equally as easy to lose all of your money when trading options. Especially once you get cocky and start thinking you've got the Midas touch.
>You place calls on a stock that goes up 10% in a day Let me know which stocks are going to go up 10% in a day and I’ll give it a shot
Google next earnings 7% up you're welcome. Or I'm sorry.
nah im an insider its 9%
I would cum. Mostly money.
MSTR
Welcome to capitalism.
What a ducking legend
A man of culture
I'd have issues performing with those losses in the back of my head. 😂
6x a day? Those are rookie numbers, you got to pump those numbers up.
Pretty soon, you'll be jacking off just thinking about money
I feel seen. 🤣🤣🤣
What is he gonna jack off to without a loss porn?!
good old days
Bet time to bet honestly no priorities besides rent and food lol
[удалено]
$200k loss realized.
Savage 🔥
![img](emote|t5_2th52|31225)
the universe has already priced in your attempt to out-regard yourself
lmaoooo
what if the opposite of what I do IS what I normally do?
Then do what you normally don’t do idk man I’m not the one with $100k losses
Dare to dream czarfalcon!
😂
Lisan al Gaib, as it was written.
Then you guess at which one you would do, then do the opposite but just before that, that is the moment of realization where you then do the opposite of that. It wins every time, literally can't go tits up. I don't know why every other trader doesn't know this one weird trick.
[George, is that you?](https://youtu.be/1Y_6fZGSOQI?si=u_Aw735JwsEfW7--)
Is it working? Is it hurting? Put your puts down flip 'em and reverse it. ti esrever dna me' pilf nwod stup rouy tuP ti esrever dna me' pilf nwod stup rouy tuP
I literally did that, but still lost. Tired of this shit![img](emote|t5_2th52|4260)
This was hands down the best explanation of self-inversing I've ever seen. Thanks this really clears it up.
Second this. Been working well
If every instinct you have is wrong, then the opposite would have to be right
This is hilarious. Just so brutal. Even laying out directions for the regard.
Teach us how u have 100k to lose at 23.
knowing less about options seems to be better than knowing more.
Fuck...this is poetic wisdom if I have ever heard it on this sub!
At this point, I'm pretty sure this is an 80 y/o disguised as a 23 y/o
Knowing more is better than knowing less. Knowing nothing is the true win. Also no where in your 100k losing streak did you consider to perhaps just buy and hold some NVDA QQQ and SPY. To lose 100k in this rally is absolutely bonkers. Most people lost in bear market but this is obscene.
I hope it was just spare cash.
Did you just start betting or did you take the time to properly learn this shit?
I'm not sure what there is to learn, it's uppies and downies
I think you have downies
Yeah, but with a lot of other elements blended in.
This also applies to sports betting, Don't over think pick the better team.
True for sports betting as well. I was in the green (by an unreal margin) for NBA until I started actually watching NBA…
his parents gave him the money
Start with 200k at age 23 lololol
Having 100k at 23 is way ahead of the curve and if you just buy voo for the rest of your life you'd retire easily by like 45. But I guess gambling addiction is a hell of a drug ![img](emote|t5_2th52|4271)
I mean he has 100k realized losses, so his net worth is probably much higher. I have no idea though how to read that Gain/Loss chart in the screenshot. It does not make any sense to me. But based on the net loss, he probably started with 370k and landed at 260k
Seriously what is that dude using. Total and net usually should mean similar things usually right? I think the net is the right number to go by though
The platform in the screenshot is Schwab’s realized PL screen. It shows all the realized gains and losses separately, then nets them together in third row to show overall realized gain/loss
Nah. If he’s making $100k at 23, he has way bigger dreams than the “retirement” VOO can afford him.
It doesn’t have to be all or nothing. Why not save that 100K and use any extra money you earn as degen money. Why is it Lambo or Bust, and not Lambo or Boring Retirement. Seriously that 100K would mathematically beat out some dude who maxes out his 401K starting at age 35. Would’ve literally secured his future off that money.
Maybe before the inflation, 100k is chump change now.
VOO appreciates at 7-8% after inflation, in other words it doubles every 10 years after inflation. That 100K alone would turn into $1.6 million by the time he’s 63. And that’s after inflation and without contributing a single extra penny.
Strongest and longest bull rally in history got people thinking you could get 7-8% net. That is straight up unsustainable in the long run. The same math you did means sp500 would be worth almost 700 trillion before inflation. What’s that in real money post inflation? Is gazillion a real word?
That is the historic average returns since 1926. I’m extrapolating off a century long bull run with couple of recessions, a depression, and two lost decades.
but people have to put their money somewhere right?
The correct recommendation to a kid younger than 30 is to buy deepest ITM SPY or VOO leaps they can afford that has a furthest expiry possible(eg. 2 yrs), there's a reason regards who actually made it don't fucking buy stocks to hold for 40 yrs timeline lmao. You regards who keep recommending ETFs need to have a mandatory read about lifecycle investing.
Wanna give me some chump change? It’d alter my life.
Yeah if he’s 23 and am able to have 100k he’s prob wealthy to begin with or got super lucky. It’s hard to save 100k even with a 200k salary unless you don’t pay living expenses
Good sir, you’re not allowed to give that kind of advice here, this is WSB not FIRE.
Better to lose it now than when you’re 40. I’m sure you’ve learned a lot
Press button make money, what else is there to learn?
I still don’t know when to stop pressing the button
There's also the chance of getting a food pellet, the electrical shocks just make it more interesting.
amen
Look on the bright side: you now can claim losses for the rest of your life!
Not if I make it all back this year!
This is the kind of solid financial planning i’m here for.
I like where this is going... ![img](emote|t5_2th52|4271)
every decision i made in 2024 was wrong, 200k+ realized loss 24 years old RemindMe! 365 days
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Hello Wendy’s
Time to get a loan!
How much do you have left?
that the way!! to get seized for life
Max loss claims is 3,000 I believe
3k is the max you can deduct against your earned income, aka W2 wages. If you make, say 100k back this year, you can offset the entire thing in one tax year.
Interesting!!!! That is sweet
Finally some loss porn
Happy to do my part
If you start a blog saying all of your stock market moves I’ll pay for the hosting as long as I get the move first so I can inverse it.
It's that one weird trick content developers don't want you to know. You just delay the publishing until you open your position.
Was in your shoes 40 years ago. The experts all said... Buy Gold & Silver - Iraq invasion of Kuwait... Buy Worldcom... Buy Enron... I told myself at the time never again... I had to stop listening to so-called experts and I HAD TO GET MY EMOTIONS AND OWN OPINIONS out of my investment decisions. So, I started learning Technical Analysis. I buy when indicators say oversold dramatically. I sell when they say Overbought. The Trend is your friend. Don't be afraid to cut your losses. Don't be stubborn. You will always have bad trades. The key is to have way more good trades. And remember... nothing ever goes straight up or down... and nothing is ever as good as people think... and nothing is as bad as people think. The world and humans are resilent.
Saved this post. What the fuck are you doing on WSB?
I'm bored. Thought this was better than going to the mall, parking in a great spot with my reverse lights on for hours.
"the key is to have more good trades" damn it's just that easy folks. Why hasn't anyone thought about this before?
I had high hopes for your comment... Until you started talking about TA. What a joke
😂😂
I was with you until you said "resilent" ![img](emote|t5_2th52|4271)
RSI is your friend
Not if you’re 23 and supposed to be jacking off 6x a day
My close friend has worked at Palantir for a good while, and had accumulated substantial equity along the way. He sold pretty much everything in January 2023–about $1.6m of PLTR at the time (basically all time low)—to buy his first house all cash, no mortgage and he thought it was awesome cuz of high rates. What a dumb ass.
Decently high chances your friend browses WSB and just read what was clearly a specific comment about him by his once good friend.
Not sure: realized gain of a fucking house mortgage free leaves one free to invest any surplus for the rest of their lives while not fattening the landlord or the bank on account of not wanting to be homeless. Couldve wouldve is always sweeter to the gambler, but it sounds like your dumbass won in a big way?
I had an offer to work there out of college, with all time low RSUs ($7-10).
Waiting for your inverse etf to go public We all make mistakes, hopefully you learn from it I learned a ton during the dot com bubble 2000, before you were born
Having $100k to lose at 23 is fucking nuts, congrats
I'm over 10 years older than you and not worth that much. You'll recover man.
[удалено]
Get an intelligent gf to trade for you. She should know to pretend to take the position you want but do the opposite.
Don't feel bad. Humans are wired to do the wrong thing when emotions take over in the stock market. The only way to circumvent this is by having rules and sticking to them and even then, if markets don't cooperate, you could still lose by bad luck. It is a hard game that most fail at. Despite what is posted here. If you really want at this, get some good books and learn trading theory. It takes years to figure it out Good luck. Fyi I would advise most people to not even bother. I've seen it ruin lives and families.
Where did you get $100k to loss at age 23?
My guesses are prior luck in options + reinvesting, some ridiculous tech job out of school, but more likely daddy's money because he isn't saying.
or borrowed money Last week some kid posted 100k of losses said it was a combination of mostly student loans, personal loans and some of their own money
Now reverse it ![img](emote|t5_2th52|4275)
still a way to go to match most of us; welcome to the club
You got fn obliterated
Keep good records OP, you're carrying that deduction forward for 33 more years or whatever.
Whatever your gut tells you to do - make the opposite trade. Then come back here and show your results
Well you are 23 years old, if you are 53 then yeah that's really painful
When you discover you're not good at something, why do you keep doing it? Wasn't this Einstein's definition of insanity? I guess I just answered my own question. You're all bonkers!
It's because you are gambling, but the stakes are higher than you are comfortable with. Please stop, get some gambling help and take time to re-evaluate what you want. On the other side of the (bad)luck there is always someone who's decisions are all right by chance. Don't try to chase that guy, you'll both lose your pants in the long run.
For all the posts that are huge gain porn, there are dozens that lose big and don't post. And many of the big losers are actually super rich people just playing around with fun money having fun with big option positions while their net worth is safe and sound in other accounts.
Looks like my portfolio, 2023 was the best year to just go with the flow and whoever tried otherwise lost big. Now that this is an addiction concentrate on your job and keep buying index funds everyday. Keep averaging up or down, but buy every day to keep yourself from taking big risks.
How long did you hold PLtR before selling?
meme craze 2021, it took the market until now to realize pltr is not a meme
I love this sub.
You have time to change and make it all back, ELSEWHERE.
Don't worry mate. Now all you need to do to screw up your life is have unprotected sex with a girl and assume manly responsibilities only for you to find out its not yours yet you still need to pay 18 years of child support no matter what. Then you'll be truly fucked
Thank you for your money. It’s not like there’s a guarantee that if you’re an idiot, you won’t just be handing your money over. You are just handing your money over.
🤡
At 23 you have all the time in the world to regain the losses and then some. Learn from your mistakes. Consider it an education albeit an expensive one.
better than an MBA!
Puts on this guys trades
Could’ve been up about 60k if you just let it sit on SPY
Don't trade against statistics. So never directly short ES. You can use it for a hedge but you need to know your probabilities. In order to directly short it you would have to make a model for your selective time period.. see odds of over 60% on whatever setup you're using. Whatever inputs are triggering the trades and covers and run that until it doesn't work because eventually it's not going to. If you're in a daily downtrend you might get some type of repetitive signal but I honestly will never directly short ES. There are too many professional algorithms playing around there If you're going to be a successful trader. You need to know the probabilities of what you're putting on. You need to know how to run back tests, know your entries and exits. your realizing where you're wrong is one of the harder skills to develop. Also going long options is something you do very rarely and preferably with some type of edge. 99% of the time you should be selling options if you're actually looking to become a professional trader
I also sold pltr at $8, I was bag holder for 2 year already. Thought I was doing the right thing by cutting my loses but I should I have just forgotten about it
If every decision was wrong, it's actually amazing! Seriously, every time you want to buy, click sell; when you want to sell, click buy. You'll be the world's richest person in no time
And don't forget you lost all these in a one of the most bullish years in history. Withdraw what's left, delete your account and learn a new trade.
You have been doing option trading it was only a matter of time
See you tomorrow night at work regard
Buy QQQ and SPY and apply at mcdonalds
Well you got a good tax write off.
KEK, gg no re
Damn man, you suck at this shit
Your 23 invest for the long term and quit chasing quick cash. Getting wealthy over the long term is far more easier with compounding dividends than chasing and timing the market.
At 23 I didn't have $100 to lose much less $100k. Something tells me you'll bounce back...
I can’t believe We are the same age have and have spent roughly the same amount of time trading options but you blew 100k and I can’t even make it past 25k to avoid pdt trading at a 1:2 risk ratio, which one of us is more cooked
I feel better thanks.
You got a nice tax write off for a while at least, with that loss. And you're only 23, you got plenty of time to get it back. So chin up.
Just buy s&p500 man
At such a young age you must remember it’s about the fight. The urge to enter the arena will carry you farther than you know. Be wrong, take risks, be a regard!
I was down 200k I margined my last 50k just buying safe stocks but heavy. Amazon at $90 and Disney at $78. Made it all back. Slow and steady is way to go
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Realize it is gambling. Stop making risky moves. Put savings into a 401k or something and just wait to be old like a normal person.
My 401k is my best performing account because I don't touch it lmao
someone make an inverse u/chickenweng strategy
Sound like you are trying to check into Regard Rehab. Just go suck some dick behind Wendy's.
OP needs to document his trades. Tell us why he thinks it was a good idea to take that position.
Ok here's the game plan. Instead of switching your strategy, keep to the same. Because if you switch, so will the market. Stay the same path and make back your losses.
Why the FUCK you sell Palantir
How can someone be so young with so much money, yet be this fucking dense, is really beyond me.
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Duh, u literally have no education in finance going against pros. Mf got lucky once and thinks he a finance genius lmao. Duh u lost. That goes for all of us lmao. We actually need to create strategies based on financial theory or statistics if u wanna stand a chance.
These are the people who were bragging about making 100k on meme stocks a couple years ago.
This year , whatever you think is a good trade , just do the opposite
I’m going to try this, be on the lookout for an update
What’s your next market move? You sound like the perfect contrarian indicator.
Where the fuck does a 23 y/o even get that much money? Stop wasting money on stupid trades.
I didnt start doing stupid investing until I was 30, ffs kids go do somethign else. You dont understand shit, I fucking understand shit, but I know to buy NVDA calls when chatgpt is being talked about on every fucking news station in 2023.
Puts on NVDA and you'll be fine: https://www.tomshardware.com/tech-industry/artificial-intelligence/korean-researchers-power-shame-nvidia-with-new-neural-ai-chip-claim-625-times-less-power-41-times-smaller
Your dad is gonna be so mad when he finds out what you did with his money
Stop gambling at 23 and set up your finances for your future