The goal of this post is to
    deter anyone that may feel they need to ever tilt or start gambling with large sums of their money.. especially when this is my life savings that I started with at 21 and now 28.

    So it all started due to me losing out on ONLY 300$ that I should of had if I had done what I should of done the previous day with my very safe and steric approach of one trade a day that I normally do. Sadly I couldn’t accept a measly 300$ loss for some odd reason..

    I then proceeded to miss out on 4 separate trades between 2 puts and 2 calls that all four profited the same 8k for me then every time it rejected and completely took my profits and never went back within the single trade.. I should have sold on at least one of the first two for the profit.. getting 4 chances was unbelievable!

    By the time 1:30 came in the afternoon I was down almost 60% of my money being down about 65k dollar wise.

    I then pressed with all the remaining money I had when the market on QQQ jumped out of nowhere a shit ton even more in 1.70-1.90 range and placed puts

    Literally down the final minutes I was able to recoup all my losses and gain a few grand in profit thankfully.

    This was the most stressful 7 hours of my life from market open to close… please no one ever do anything like this whatsoever, it was a literal living nightmare and a ton of terrible emotions and thoughts came to me and I very well should have lost my life savings which is literally insane to risk and do anything like this.

    Leading up this I have made very good profits in options since feb and I lost all of it and a little more and almost lost it all for literally no reason whatsoever

    What I did was beyond irresponsible, immature as well as careless for myself and my wife and child finance wise and my own mental health had I lost the money.. it was completely unacceptable.

    So please don’t tilt and gamble and know the next day or whenever you can very likely make back whatever you lost or make up for a mistake you made, it is by far not worth it AT ALL! Be safe and don’t let the demons take over!

    I will be posting the screenshots of the portfolio, thanks for reading 🙂

    https://www.reddit.com/gallery/1p4agxm

    Posted by jigglebuns777

    27 Comments

    1. Stay away from weekly options. Add 4 weeks duration at a minimum. The stress will evaporate. Or just dont touch options at all.

    2. You know tis a true regard when he uses words like “should of” instead of “should’ve” and whatever da fuk steric means

    3. Good lesson learned. For 99.9% of people any options trading at all should be only with their “fun money / gambling” account and not with their life savings.

    4. Here’s the thing, you will try this again but next time you won’t succeed like this time. You are a degenerate gambler like the rest of us here, and sooner or later you will be posting all of your losses because you bet on the wrong direction.. honestly, with just 100k, it would have probably been better for you to lose now, because when you do it will just be that much bigger since you didn’t learn a damn thing from it

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