Long time lurker, first time poster (was hoping to never post loss porn here)

    Started trading last year with $200k in taxable and $100k in IRA.

    Made some very good back to back trades in both starting with the LIDAR theme in a few small caps, ran my IRA up to over $1M and my taxable hit $2.3M during the pump of a very specific fake meat company.

    Made a few mistakes but still had about $600k in my IRA (transferred to Robinhood to be able to trade more easily) and $1.4M in my taxable. My friend begged me to stop but I wanted to spin up the accounts to bigger numbers.

    I took a few more trades, ended up down to $380k or so in my IRA and $900k in my taxable. Decided to take out $500k finally because of my friend.

    Put everything in VOO and had $500k in my bank for a bit, but then wanted to make some trades. Made a couple of decent ones but then started playing around with options and 0dtes.

    Got absolutely tilted and then just nuked my accounts bit a bit… and then by a lot. Thought I could make it back with some of the remaining cash I had and deposited that into Robinhood as well only to lose that too.

    Down to $28k in my IRA and about $25k in my taxable.

    Feeling highly regarded. I basically had financial freedom if I just kept everything in indexes but no…. my retirement and life money are gone. The only bright side is that I paid my taxes and I still have an emergency fund.

    Still in a bit of denial and hoping I can make the money back with more "disciplined" "trading"

    Did you know it only takes 95 trades of compounding 5% and I can make everything back in a year?

    Will only take me a decade plus to make it back. No big deal. Hating myself at the moment and hope you guys only do the first part of what I did.

    EDIT: The gains in my all time taxable are gone because of taxes. Also I had to create a separate day trading account. Total combined losses for the year are around $350k in my taxable.

    https://www.reddit.com/gallery/1sbr1xh

    Posted by chasmicvoid

    15 Comments

    1. I am so happy that despite how much money I’ve lost doing this shit I have never ever ever touched my retirement funds

    2. CalebVanPoneisen on

      When you make a million with options, you should always put away a piece of the cake for yourself. Like half. Gamble with the rest.

      Or…

      Gamble everything and either become a gajillionaire or a wsb post 99% of users will forget about within a day.

      Godspeed, lurky lurker!

    3. TheHowlerTwo on

      Dude you are so retarded like holy fuck you’d make 35k a year if you just put it in a high yield… that’s more than like half of all Americans make

    4. After all this you still think “trading” is your best avenue.

      Some people are just a lost cause. You build up a great retirement fund and blew it all gambling.

      You could have just taken $1000 to the casino every week and satisfied your dopamine addiction. It’s cheaper and would have kept you sane knowing it’s gambling.

    5. just in time for an infinite side quest to South East Asia where you can still live off the interest like a king

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