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    Surrender of a permabear

    I've been trying to short the market for the last year and lost half of my portfolio to it (roughly $200k). Every time I was starting to make profit I was soon getting obliterated. I tried shorting TSLA which is valued at more that all other auto companies combined; got burned with PLTR which has P/E of over 500; lost money with SPY puts and so on. I am no longer trying to be rational. There is no connection between the markets and the state of the economy.
    I just bought SPY with x3 leverage with all that I have left and I'm never going to short again.

    Printer go brrr. Stonks only go up.

    Surrender of a permabear
    byu/Lastuniquenaem inwallstreetbets



    Posted by Lastuniquenaem

    View 48 Comments

    48 Comments

    2. Extension-Change-441 on

      i’ve been bear for 2 months ish now. at this point our losses are just going back in to put SPY higher.

    4. poorat8686 on

      We did it Reddit, for the first time in history we’ve found the exact mathematical peak of a bubble down to the minute.

    5. Felon_Musk1 on

      I just took half my nebius gains. Why TF would you curse the market like this? Please be more careful in the future

    12. osborndesignworks on

      If you have enough collateral (at least 400k) just sell options. You can hedge more easily and with incremental profits. Timing the market either by shorting, or by 3x leverage is a coinflip. Your new ‘plan’ is no better than your last.

    15. TopTheory1170 on

      Just when you were about to be right you switched sides. Even a broken clock is right at least once a year

    19. MiddleAgedSponger on

      Too much liquidity, I think the next “crash” will be a whipsawing dollar devaluing slow walk of tears. As long as there is money on the sidelines then the dips will get bought. The threat of inflation also keeps people in stocks.

    20. FluffyB12 on

      Why would you even be bearish on a company like Palantir when their buddies are literally in the WH 😭

    23. Gutierrezjm6 on

      If you stop thinking about stocks as the value of a company and start thinking about the extraction of money from the poor to the rich, then the stock market always rising starts to make a lot more sense.

    24. MarketCharlatan on

      At least wait for the CPI print tomorrow before going full bull. Also FOMC meeting in 1 week. Hold out one more week for these pivotal moments

    25. QuarkOfTheMatter on

      Hate to break it to you but buying a 3x leveraged spy at the ATH is asking for trouble. You gotta buy dips, the ones that made you think to buy puts.

    42. DeadLightsOut on

      Look man I feel your pain trust me I do…. but you are literally throwing in the towel at the worst possible time…It’s here…. and yes I know how it sounds but it will be biblical….. all data is cooked beyond parody, consumer is smoked…. that said NEVER short indexes until the crash is underway…. by example im making an absolute killing on AAPL puts today…. more than covers the last few months of gapping ive received but even still I am a week or so away from actually shorting SPY…. its just too strong but when it comes it will be quick…

    44. d0rkprincess on

      SPY has been rallying non stop on the rumours of rate cuts, and this dude is giving up just before everyone sells the news.

    48. squintamongdablind on

      Between this post and Cramer pulling a 180 on NBIS, I think we’re at an inflection point for the market.

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