Bought 0DTE 528P on SPY and was almost immediately up $7000 but soon following that missed exit was the infamous Infinipump that blew past my stop loss and my options didn’t even get a chance to sell (even with a .10 trail). Suddenly I was down $5K. Like a true regard, I then decided to turn off all stop losses and begin the journey of averaging down all day through the 529-530 chop. I got my average down from 1.06 to .25 through sheer determination and risking almost all of my bananas.
At 1500 hours, I was visibly sweating and aggressively yelling out prayer as theta was eating up my bag down to .08 per contract and my losses were at nearly 12K. I nearly pulled the trigger and exited with a hell of a tax write off. However, I saw a little hope that SPY would be giving us a nice sour hour selloff into the holiday weekend and MAG7 looked way overbought… so I held four more minutes.
I immediately fired off the sell button as soon as SPY did a sub-minute dollar drop off from 529.40 to 528.40 and my options were suddenly not only recovered, but decently green. Do you think I learned my lesson? Before you speculate whether I did or not, notice my usage of Robinhood… my account will probably be zero by the end of the month.
https://v.redd.it/zd5ykghbgf2d1
Posted by The_Adam_Cooper
33 Comments
Perhaps they should invest in a financial advisor.
Jokes aside, for the newbies here, this is how you blow up your account and potentially ruin your life. This is complete gambling that if done for long enough (like a week or two), will wipe you out completely. All it takes is a random fart from Jerome Powell to move the market against you and you’re finished.
Ok yeah, you belong here.
This was also me yesterday, a sigh of relief.
https://preview.redd.it/bpxfkk88kf2d1.jpeg?width=1179&format=pjpg&auto=webp&s=2d06c32ca704c6c72c552beec14178e900391192
Have you tried risking a little less so you don’t blow up your entire account in one day? 🙂
Almost all of my bananas 😭
averaging down on something that expires
Those are rookie numbers
Bro we almost die everyday here. Welcome to the club
Never again bro
op nearly blew up his account for an 18% gain. I’d laugh, but we’d all be lying if we pretended we never did this ourselves.
Why did the stop loss not work?
What a Save!!!
Crazier than crypto
That was like watching porn and seeing my ex in it. I am feeling neither happy nor sad because the ending will be tragic.
That was fun. Do it again
This is beautiful.
Do you know what’s funny, if you were just poor, you could experience the same endorphins for so much less money. I just need a whole paycheck in there and I’m sweating bullets with a full erection
OP literally came back from the dead within a few hours
What was it like being dead for a little while? What did you see? Hear any voices??
I’ve been in a situation like this before. Didn’t work that well for me, I closed the trade 5 min prior to market close with a loss of $20k
my 0dte puts was the same. but i held until zero
Narrator: he did not learn. By the end of the month, his account had vanished into the hands of Wall Street’s ruthless liquidity providers
Diamond hands
Sheeeesh what a comeback!
Umm… are you still on $HOOD?
Dude just quit or go to a casino
Did you buy some brown pants today
I wanna know what your all time chart looks like so bad
Bro your account is too small to be moving the line that slowly in the video. It ain’t that dramatic
I did this and lost 14k, learned my lesson lol. Glad you got out safe….
I wouldn’t gloat about this