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    Welp. Back to square one.

    I think I'm done. Between me and my wife's account, overall loss several years of income playing options. At one point I was up nearly +$100k on my personal account. That was mostly with SPY, Nvda, and Tsla. Then I started to bleed. And tried to win the losses back. And then doubled down. And then tripled down. Sometime along the way, my account got permanently closed by RH (Can't even view my chart on that account anymore). Started playing on wife's after that.

    Originally found out about options thanks to some news article mentioning this Sub and someone making tons on options.
    In 2022 I sold 407 shares of Nvidia. That was before the 10-1 split. That's worth ~$750k now. Instead … I'm now deep in the negative.

    Had some good plays, pretty spikes, went down to $200 within a week $200 -> $28k, only to lose $27k the next day. Did a juicy SPY 0dte play last week, and then blew entire account next day on the 5th with yolo on spy calls, and then it tanked. Took 15 mins to wipe out the account. Got a little desperate and a little extra dumb.

    Got a decent job now, working 70-80hr weeks for OT. Opened a Webull (RH is too tempting to play options cuz that green/red gives a dopamine rush or something). Now I'll just be throwing a few grand a month on a SPY/Nvidia ect, and just let it do its thing. Some day/decade, I'll get that $160k+ back via slow growth I guess. It's been a fun run. Got addicted. Going full broke fixed that addiction I think. Time to give up on that "get rich quick" dream. Got ~$90k debt to pay off and be debt free finally.

    Seeing SPY today shoot up and watching a $0.04 0dte go to $5.68 this morning made me sick….. After I blew the entire account just last week making that same dumb bet…. Woulda recovered all my losses and some today had I waited.

    Pics 5-6 is the 0dte today that makes me wanna kick myself. 4 was last week's play. 3 is the shares I had once upon a time. 2 is original account closed. 1 is me today.

    Last pic is my original accounts 2022 statement. Adding my loss writeoffs + wife's overall = ~$160k loss. Now sure on how the wash sale number gets added up so didn't count that towards by ~$160k loss. I don't want to know my actual total loss.

    Slow and steady now. Back to collecting shares.
    Enjoy the photo dumps.
    Just thinking about this again makes me feel depressed. At 28yo, honestly thought I'd be further in life.

    https://www.reddit.com/gallery/1rpg0mb

    Posted by Vladdroid

    37 Comments

    2. zion-messenger on

      I am sorry man… I confess that I come here to see loss porn, but this one wasn’t fun. 🙁

    8. RealBoardish on

      You did the right thing by immediately opening a new account under a different brokerage. Now dust yourself off and get some of this volatility.

    10. 2CommaNoob on

      You belong to the hall of fame.

      Sold Nvidia before the AI run-up and proceed to lose it all lol.

    11. kryptonyk on

      > Going full broke fixed that addiction I think.

      > Woulda recovered all my losses and some today had I waited

      Hate to be the one to tell you
 you’re still addicted. You’re just a broke addict now.

    13. cs_cast_away_boi on

      unless you had insider knowledge there was no fucking way to know orange was going to tweet some nonsense and the markets would respond with a huge rally. Better to not dwell on hindsight and accept that

    16. evenaintlosin on

      lol fuck get a load of this guy, bragging he’s got a job and a wife. we’re not all as lucky as you are buddy.

    17. Totallycomputername on

      On the bright side those losses can cary over year after year after year. 

    24. Valuable_Example1689 on

      Damn bro, 2 years of post tax income gone. You’re going to be fine though, you’re a young guy and presumably you don’t have a terminal disease

    25. VaryStaybullGeenyiss on

      Idk how you apes do it man. I get stressed out when the S&P 500 dips by 1.5%

    30. Hungry-Kick1389 on

      Love the “Got it” at the bottom of the Account Closed notification đŸ€Ł

    36. Sufficient-Aide6805 on

      You’re 28. Who cares. Ain’t nothing but some money. You’ll get it back.

    37. thethrifter on

      You’re young. You have plenty of years to make more money and blow up more accounts. Good luck with the next adventure

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