Got into options bc my coworker told me about it. Faced a small loss and got lucky with the big initial spike. Got addicted. Learned to sit some days out for risk management. But just cant face negative dollars some days. Most of the big dives were either 0dtes or due to selling after a drawdown even though I always buy out 3-6month contracts lol. Also big mistake to always buy ATM contracts. Sht hurts you quick.
Took out a 5k personal loan back in January to try to win what I lost but realized Im digging myself into shits more. So I withdrawed it and paid it back to the bank immediately. It was a good run. One paycheck. Can recoup on overtime quick.
https://i.redd.it/7w8q1c0cz2pg1.jpeg
Posted by options-tradin
30 Comments
Where’s the big initial spike? See a little baby poky before tartarus.
Honestly bro people say it all the time and I think it’s taken as a joke – but just go to the local casino. It’s much more fun to play craps for a night than to just hit a button on your phone. Plus you’ll wind up spending less if you only bring in the cash you’re willing to lose and leave your wallet at home.
this is nothing, be glad you got out with minimal loss. true degenerates are using klarna to fund their margin calls
Gave you a glimpse of profit and completely evaporated in 3 trades.
WSB stays being real. Listen to the people commenting in here. Sure, we see some crazy shit in here. But the majority of us lose money and we lose it quickly.
You’ve lost some, oh well. Don’t try to get it back just forget about it and move on with your life please don’t get sucked into the addiction that is options
I did the same thing, bought a speculative option on MSFT, it spiked 1st day in but I thought it would go for a longer run. Then MSFT went down and my option was worthless
Was going to let you know you’re down a g but it appears to be more than that.
Nice bro, now do that with the next 12 paychecks and you’ll be just as rich as the rest of us
https://preview.redd.it/yd9v9q2o23pg1.jpeg?width=800&format=pjpg&auto=webp&s=24506a11ab05d33397f667f3d3cfbccd5bed83cd
Now do every paycheck, it’s already march you gotta few months to make up for 💪
Yolo
Welcome to the casino.
Next stops GA and AA.
After that being a lurker, index funds, r/socks , swing trading & chill.
Sorry about your wife leaving you soon tho..
See ya Monday
should have done it pre-tax
It’s technically not 100% tho
Run it back in one trade
Maybe try buying & holdings stocks 😂
$2300 for four months plus of gambling isn’t too bad. That’s about $7k for a year. You could do a lot worse.
poors posting while admins are asleep
Make use of paper trading and gain experience before trading live
War, sure, but *learning lessons*? Who do you think you are?
Try it again. What have you got to lose?
My coworker told me about it and I went from 929 dollars to 50k in 2 months. July 2024- September 2024. Hit 10k my first week, paid off 3600 in debt messed up the remaining, then 1000 into 9400 put that on Walmart 80 calls for 9/20 2024 and made the 50k.
I blew 32k brah
I think you did it wrong
>So I withdrawed it
You’ll fit in well here
Stop with the options… get a prop firm account from Topstep or Apex… trade futures.. set a trailing DLL of 300 bucks(unrealized gains) you’ll thank me in a year. Lost so much money to options, lost alot to prop firms too but thats from never using risk management tools.. got three accounts since the 28th..(normally blow them in 2-3days)
The reason they let you retards play with options is to absorb losses of insiders and institutions. Robbin the hood
Do no one buy leaps anymore? Just buy call leaps when one of the largests stocks are down 20%. It’s literally free money.
Op: let me get uhhhh borger
Cashier: that’ll be half cent
Op: damn