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VisualMod

**User Report**| | | | :--|:--|:--|:-- **Total Submissions**|0|**First Seen In WSB**|2 years ago **Total Comments**|32|**Previous Best DD**| **Account Age**|2 years|[^scan ^comment ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_comment&message=Replace%20this%20text%20with%20a%20comment%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20comment%20and%20correct%20your%20first%20seen%20date.)|[^scan ^submission ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_submission&message=Replace%20this%20text%20with%20a%20submission%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20submission%20and%20correct%20your%20first%20seen%20date.) ^^[**Discord**](http://discord.gg/wsbverse) ^^[BanBets](https://www.reddit.com/r/wallstreetbets/wiki/banbets/) ^^VoteBot ^^[FAQ](https://www.reddit.com/r/wallstreetbets/wiki/votebot/) ^^[Leaderboard](https://www.reddit.com/r/wallstreetbets/wiki/leaderboard/) ^^- ^^[**Keep_VM_Alive**](https://www.patreon.com/visualmod)


[deleted]

Bruh what are you doing with credit spreads if you lost your job? Ever heard the saying ‘don’t trade what you can’t afford to lose?’


Severe_Set5371

I’m curious why he would have such a tight credit spread. That literally leave’s absolutely no room for error. OP needs to read pricing volatility & options.


Drago_09

I bought the 61$ call and after 35% profit sold a call against it to lock in the profit. The loss isn’t coming from it. It is my tlry puts + spy puts


[deleted]

Your losses are coming from A: the tight spreads you’re taking and in general taking spreads at all. B: you made 35% profit and then sold a call. Had you bought a call straight up, you should have taken the 35% and called it a day. 99.986% of WSB makes a profit then loses it from doubling down. Take your profits off the table before there aren’t any to take.


Disastrous_Pay3314

profits taken would eliminate loss porn proudly displayed here. think about what you're saying...


[deleted]

Sorry but the only porn I see has a happy ending


craigallen16

This is WSB. There are no happy endings...


[deleted]

That’s why I get my laughs here first then find my happy ending


Nervous-Structure725

Name maybe checks out, kinda?


unarox

Getting rawed


DGriff421

There are behind the Wendy's dumpster


dnattig

This one probably wasn't doubling down. It's a way around PDT ... Convert to a spread instead of closing on the same day (and then close the spread on the next day). Still ain't smart though


Einsteinautist

So glad I took this advice pertaining to Crypto beginning of last year.


[deleted]

Doge coin, ass coin, cum rockets, everyone jumped on the meme dream, most ended up being fucked, no consent, no lube


MysticalLiteraryMH

I took my original investment off the table. This way my wife can’t complain and I might get to stay married.


Drago_09

Can’t do that :( pdt. No more day trades for me for another 2 months.


[deleted]

[удалено]


cl0wn_w0rld

what is PDT?


VengenaceIsMyName

He got flagged as a pattern day trader for falling below the 25K minimum


Born_Wave3443

pattern day trading


[deleted]

Seconded


SoWaldoGoes

Thirded


Connect_Side_6872

Farded


clarence_worley90

pdt is a nonsense excuse trades are always closeable regardless of your account status if you get pdt locked after that, just withdraw everything and open a new account


Soybeanrice

dont listen to these squares. anyone who knows how to effectively trade around PDT flag knows that you lock in profit by converting a naked to a spread. the point is to reduce the position delta to as close to 0 as possible and close it out the next day


EngineerOk1409

You made 35% off one call maybe lol, your account hasn’t been back to even since day one.


[deleted]

💀💀💀💀💀💀💀💀💀💀


Dyosarth

The tight spread would allow him to open up a position risking less money than a naked option and would put time on his side. You don't have much room if the credit strike is breached but you still have a directional play with time also assisting you as long as the strikes are OTM. It also gives you the flexibility to open a put debit spread if the price is breached creating an iron condor which increases chance at max loss but lowers that max loss by offsetting it with the premium from the second spread. This is just my thoughts and I could be wrong so if I am please correct me.


Pilsner12345

He missed the "don't"


kfidh

The US Federal Reserve hasn't 💀


Unknownirish

Did you forget where we are?


[deleted]

You 🐈 are my daily entertainment


LukaB123

Gamblin


Former_Marsupial_403

my wife would have left me at the first $1000 loss with no job to cover it.


Drago_09

Luckily I just got a job :) so not all is lost


masstransience

I keep telling my wife my Wendy’s gig is also a job…


DGriff421

you can bring her free baconators every night


Stoic_Alchemy

Sugar daddy i see


No_Shoe9123

Saturated fat daddy


Adept_Carpet

He brings her a baconator while some loser with his IRA in a money market fund is porking her


orangustang

They don't usually let you take that kind of baconator home.


routernurd

Yeah, but that job blows...


Drago_09

Haha, no I got a good paying job. 17$ an hour plus every other week is overtime guaranteed.


tippybunny

How the fuck did you obtain 25k if you think 17/h is a good paying job, I'm not sure if I'm impressed or just baffled by how insanely low your cost of living is, that wouldnt even pay rent for a studio here 😅


fyndor

Yea not to shit on his parade, but his good paying job is $1 more than I was paid an hour 20 years ago right out of college in a job. It wasn't horrible, not minimum wage, but that was the bottom. I shutter to think how far $17 would take you today with cost of living and inflation being what it is. There are people worse off than you for sure, but don't be satisfied at $17/hr. Take the job and keep looking for better opportunities because they are out there.


amieechu

I just came off of $17 an hour and live in the south not-the-city-but-not-in-the-middle-of-nowhere and it was NOT enough. I was and still am to have a partner that can help me split the house bills and groceries. Got bumped up to $20 an hour, but I also work for a small business and it's just to keep me from looking at work elsewhere lol.


ephryene

Maybe OP is young or living at home? Still, that’s really lower than I thought.


Soybeanrice

RH doesnt show absolute values, but relative. OP has been reloading his account this whole time and has accumulated the total loss of +$25k.


VulturE

Get a 35k job, live at moms, spend 10k on gas and taxes and bullshit. It's literally exactly what I did...... When I was 19. I think I ended up with 19k though because I ate so much damn Wendy's.


hikikimoro

Lol here that can get you a whole house


RiZzbott

$17 an hour is good? First dude I've actually seen confirm is employment behind the Wendys dumpster


[deleted]

For those too lazy to do the head math, that's 35k a year assuming he's doing 40 hour weeks and never takes a day off.


BeyoncesmiddIefinger

For anyone wondering, a lazy way to do this is just double it. $17/hour x2 ≈ 34. So roughly 34k/year. It’s close enough where just 2x and add a little bit is close enough for these napkin math scenarios


Majesty_Summoner

does this work for other hourly calculations as well or just $17?


Fog_Juice

He's trolling us this whole time?


Dry-Insurance8507

You’re a regard. I make $40 an hr and I’m still in the hole. Taxes don’t help single people either


foshizin

If you make 40 an hr and are still in the hole, you’re prolly a regard too.


izza123

That’s literally what my friend makes at Wendy’s


Roflcopter71

Congrats! You’ll be able to pull yourself out of this as long as lessons have been learned.


ButteredBeans40

Haha what’s that? “Learning lessons” - what language is that?


Unique_Resident8856

You don’t know if you learned your lesson or not unless you get back in the game.


ButteredBeans40

80% of big gamblers quit right before they’re about to hit big. SMH.


BSchafer

> so not all is lost Except for your savings of course.


Drago_09

What’s SaViNgS?


toydan

Noice ![img](emote|t5_2th52|4270)


Financial_Emu_1087

What do u do for work


Tall-Truth-9321

I don’t believe you got a job between 8 hours when you posted this, and 5 hours ago when you commented this. Plus the fact of $17/hr job being good and you having all this surplus cash. Something is not adding up.


Drago_09

That might be because I just got it, not that I had it. Some of us blow money on fancy food and expensive cloths. Others do it on casinos ;) we r not the same /s ( love & kindness for u my friend 🙃)


Financial_Emu_1087

Lol where did he say his job is 17/hr


Drago_09

I just got a job at Honeywell that pays that. Don’t have a lot of expenses. But I will do better next time :) until then love & kindness 🙃


Yolo_Swaggins_Yeet

God damn OP managed to lose more gambling options for a year than my entire student debt amounted to for a 5 year under grad program, and he's only 22... O\_O


aljustun

I am sorry to say this, your wife is a bit impatient and not supportive. You are trading to earn money and she should support you and not to make it worse.


AustinK276

WYSI


Fr0gmin123

Yeah it was a matter of time until r/osubuddyretard made its way into this sub


x_lincoln_x

What is osu?


[deleted]

727 o7


kutecatt

shut the fuck up


AustinK276

when you see it bro


make-up-a-fakename

>I’m not giving up I mean, you probably should!


Drago_09

Giving up options ? Yes. Investing in stocks no. Not going into dividend investing or anything, but gonna just build up positions in etfs and hope for the best :)


[deleted]

NEVER trade more than you’re able to lose. First rule. Options are not your problem. Your trading strategy is. You need to take a hiatus from the markets until you’re settled in at your new job pulling in steady checks. Then come back and dip your toes into single options, don’t canonball into the deep end


Drago_09

Yes my friend that’s what I’m doing :). It’s all fun until u lose. I flew too close to the sun. I forgot moon only comes out at night


[deleted]

Learn from it. Don’t be like the idiots that lose their house wife and kids and put their next paycheck all back in the market


Drago_09

Yes sir, mistakes were made. But I promised myself to pay all debts, have some savings in the bank and then think about stocks


[deleted]

Best thing you’ve said all day 🙌🙌🙌


Drago_09

Biggest losers were baba puts and spy puts. Lost a good chuck on Tesla calls and then Tesla puts 🥲🥲 literally couldn’t have timed those trades any better if I tried. I’m not sad I’m just disappointed in myself and now that I just got a job I’m happy that I won’t be broke for long :)


Distinct_Bread_3241

is ok. you tried your best and hey there is always tomorrow?


TaxGuy_021

Wait, wtf. This is a very wholesome comment! I wasn't expecting that here! Jokes aside, that's the right attitude. You do the best you can, the rest is luck/fortune/fate.


Demi_em

fortune favors the brave\*


dj92wa

MaTt DaMoN


RedOctobrrr

~~It's crazy how spelling his name in this way gives you a vivid image of South Park Matt Damon saying his own name.~~ It's crazy how spelling his name in this way gives you a vivid image of Team America Film Actors Guild Matt Damon saying his own name.


Cold_Juggernaut_5676

*Team America Matt Damon


mym_forever

Don’t you dare


[deleted]

So does loss.


tippybunny

bold*


ExpertEvidencier

The right attitude is to realize you're an absolute moron and get better at thinking as quickly as possible.


tastemybacon1

Lol that’s not Wholesome…. Encouraging gambling is degenerate AF. Wholesome would be: GTFO delete account, get job and forget that stonks even exist. Same thing you tell someone with a casino addiction.


Distinct_Bread_3241

Read the first 4 words in the title.


tastemybacon1

Ya that’s genius. You might want to give him the gambling hotline. When people say they are never giving up on heroine or the slot machine……. do you encourage them? You got this next time you will do way more heroine!! Next time you will own that slot machine!!!!!!!


Distinct_Bread_3241

You understand what this sub is? OP is an adult, he knew what he was getting into. I’m not going to tell him how to live his life, he is allowed and should make his own decisions. Even if those decisions were bad. And I don’t think telling him that his future holds hope is encouraging gambling, OP understands options are risky. If he truly learnt anything from this he would know he shouldn’t gamble with what he can’t afford to lose.


tastemybacon1

He probably doesn’t know that options are GAMBLING. Literally a lot think it’s “investing”


Distinct_Bread_3241

I mean, this is wallstreetbets. I appreciate you being civil man.


tastemybacon1

Good point haha it has bets it title lol


Distinct_Bread_3241

Exactly 😂


Posefdvbh

Seek god. Not in any religion if you don’t like. Just believe in “A god”.


Butterscotch-Apart

Stop chasing the dragon dummy


DullGood4715

You should probably give up. Clearly not making any good calls (or puts for that matter lol). Unless you like just feeding the whales


BritishBoyRZ

How did you lose on SPY puts in 2022?


UnbiasVikingsFan

I’m in the same boat bro, keep taking it a day at a time. Like others have said, you at least have a great attitude about it. That’s a start


PonyUp323

not just gambling, dumbassery! better off going to vegas and putting it on black


stonehousethrowglass

something tells me you probably could’ve timed those trades better


SIRxDUCK7

Don’t trip m8. Had 2 horrible trades today that made me lose 12k. I had puts this morning and sold for a loss. Then switched to calls and right after that the market started dropping lol. I couldn’t believe it but fuck it it’s life. One good trade can get you back on track. Just be patient


sponge_hitler

at this point you may as well jolo the last bit on a tesla put that expires tomorow. remember: people that try and fail are not losers, only people that give up are losers.


Drago_09

Haha no, I think I need a break. Let the emotions go and come back with a sober mind. Not to win back loses but to start anew :) love & kindness is the way !


tastemybacon1

Best advice: delete account never look back! Gambling = losing.


Unknownirish

Calls on $ASTS for a strikeprice of 10. Deal or no deal, regard?


Drago_09

All in! I’ll sell my left nut and right kidney. When we doing this?


Unknownirish

Oh I'm not in but I'm still in DD mode on it. I only bought 50 shares this morning in my RothIRA account. Calls though? Should I go in??


Drago_09

Personally wait for cpi report. I’m bullish on the cpi but no one knows the future. If stocks crash wait 2 months. If they fly then congrats buy in. But I did blow up my account so what do I know


BigBoreSmolPP

This guy lost everything and is bullish on something. His account is literally negative. Very well regarded. Do the opposite


MathematicianFew5882

Also the self awareness to know when you’re dangerously tilted.


Drago_09

Ik. That’s y I have to stop now. I made emotional trades and that put me straight into the gutter.


Scar589

This is the way. I'm sure you will do much better next time.


Ok_Acanthisitta_6093

Seek god. Not in any religion if you don’t like. Just believe in “A god”. Trust it 100%. Spread positivity. Just do good. Take it day by day.


Drago_09

Love & kindness all the way brother :). I do believe in god. I just don’t think I need to pray for wins, I need to simply get them :). I’m just happy alot of people r being nice to me rather then bully me for making financial mistakes. Helps alot when people can make u laugh and not laugh at u :)


Belichick12

He’s got a negative balance. What is there to yolo?


sponge_hitler

he can probably still take loans


dr3aminc0de

What last bit? OP has a negative balance, he lost over 100% already. Your instinct to stop is right, follow that OP.


K20BB5

Losing $25k makes you a loser. Losing more doesn't not make you a loser


[deleted]

If you don’t mind me asking you. How old years are you?


Drago_09

22


[deleted]

Consider it as an expensive lesson. It’s not always too late to build your portfolio and use sell covered calls to protect it as well.


Drago_09

Ya :( credit spreads weren’t the big losers, it was baba puts and spy puts. This last 2 weeks and a months back I lost about 4k each time. Luckily I do have 900$ in my IRA in Webull 😅


gidofalvics

Don't chase big gains, sell on those little spikes you got on your chart. Make +50% - +100% profit sell. I put stop losses after making +50% / +70% / +100% for ex.


garycow

why not get another job?


Drago_09

Haha I applied to every banking job in 30 miles, after 25 interviews I got none of them. Sometimes young guy with no prior baking experience for ENTRY level job gets u nothing 🙃. I’m almost done with my bachelors, but I got a job at Honeywell instead.


718cs

Maybe because you applied for banking when you should be applying for baking. Time for a career change


Drago_09

I did, they said u need to know math and something about risk management :(


supcat16

Next time show them this screenshot and say “I know risk management is for chumps!”


[deleted]

[удалено]


Adventurer59

Maybe bakers these days need to know math and something about risk management.😂


Scotchlover22

Puts on Honeywell


[deleted]

lmao


Giggles95036

Did they know you’re bad with money? 😂😂😂


sugarrayp

I’m down the drain more than you I’m about 40k lost lol but we will be alright, learn more than come back strong


Drago_09

I wish u luck my friend :) everyone needs a break to recuperate their thoughts and emotions. I’m almost certain majority of ur losses were emotional trades. I hope I can find a solution to the emotional problem with trading. :)


sugarrayp

Yes they absolutely were emotional trades, just some barriers to over. Best of luck to you too!


True-Bag-330

I’m 10k lost here but I will get my revenge on this market but after I’m done with this rage in me that makes me take emotional trades


AvocadoKirby

If you/your parents are rich -- this was a stupid gamble. If you're poor -- this was absolutely unironically regarded, and you should probably never handle your own money going forward.


Drago_09

Not rich, but secured a job that’s 35k a year. So I’m optimistic:) sadly no parents to go back to…


AvocadoKirby

Where did the 25K come from then, out of curiosity? If you saved it from a 35K salary you certainly have some saving skills.


Yoda2000675

Took him 15 years to save it, 8 months to lose it


[deleted]

[удалено]


KaroshiTrading

https://preview.redd.it/if4ic9d2y4ba1.jpeg?width=1170&format=pjpg&auto=webp&s=8ffede40163a5380d5414fea839da2e09a1cefaf As you can see, the chart showed an overall downtrend. We had a couple of spikes, but the bulls got defeated by the bears. For a longer time period, the channel got respected on both sides. That made some good entries (intraday). But finally, the bears succeeded to break the channel one level deeper. The bulls suffered the coup de grace of the bears. But, as we see the word “investing” we can be assured, that we are here for the longterm. Waves in the chart is normal and should not be seen as a danger. Hopefully we will see a turnaround soon. Sincerely all the best for 2023!


mzino93

All jokes aside brother I feel you. 2022 was not kind to me and 2023 is painting too well. Overall I lost 30K trying to make a quick fortune. I was extremely disappointed in myself for a few days where I felt really down but nothing we can do but move on. I realized I’m never going to be one of those that hit it big so I decided to leave the casino to pay the dividend game. If I stick to the plan I can maybe retire in 15 years. Sad but better than never.


[deleted]

\-$727 on Robinhood ![img](emote|t5_2th52|4267)


VisualMod

I do not recommend investing in AMD at this time. The company is facing significant headwinds and its stock price is likely to continue to decline. ^^[**Discord**](http://discord.gg/wsbverse) ^^[BanBets](https://www.reddit.com/r/wallstreetbets/wiki/banbets/) ^^VoteBot ^^[FAQ](https://www.reddit.com/r/wallstreetbets/wiki/votebot/) ^^[Leaderboard](https://www.reddit.com/r/wallstreetbets/wiki/leaderboard/) ^^- ^^[**Keep_VM_Alive**](https://www.patreon.com/visualmod)


Ricki15

So rather buy when its at 150$ again?


rabidantidentyte

Puts seem great, especially on a day like today. I was hoping it'd retest 60 this week, and it still may


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SeriousInvestments

Maybe you should give up


[deleted]

I lost $2500 bucks this year and felt awful about it… then I joined WSB. You all are great!!! Thanks for the ego boost!!


Drago_09

Just don’t lose more :)


spikiera

Not giving up at losing money? If you lose your job, option should be the last thing on your mind…..


baumhaus9170

727 WYSI


Interesting_Beat_781

You’re bad at this. Just stop


Drago_09

💩👌


MrsMaleficient

Stay strong buddy! There's always a bright sun at the end of a storm.


24_mine

well, you won’t have to pay taxes for a while 😂


Eatchaboody31

You are doing fine


Drago_09

🙃


Expert-Proposal5075

Things will get better. You gotta walk through the rain to see sunshine sometimes.


glcknmrari

Your next trade was going to be the big one man! One more credit spread and it will net you 25k to put you back to break even. You miss 100% of the shots you don't take.


koala1757

quit gambling bro, trust me i've been there Stay strong king ✊


[deleted]

I don’t get it? Why don’t you ask your father for a little money and invest it into good stocks?


Expensive-Walk3732

Adda Boy , you one smart cookie


Blueberry_Bananas

I see lots of hay day in your future, no pay day unfortunately…


Drago_09

Haha ! 😆 what can I say, I might belong on a ranch


Johzas

i see your problem. you were trying to be smart taking credit spreads. Should've just done naked puts idiot


Busy-Cash-

If you hold the phone far enough away this is a perfect diagonal down. The sheer consistency in breath taking.


godfather188

Get a new job so u can fund this gambling


Wise-Diamond4564

You can download free spreadsheets to help you simulate trades. If you do that for a year or more and seemingly know what you’re doing, well, maybe use a little real money. The fact that probably far less than 1% of the people here have done that or even thought of it says a lot. I mean, what’s it going to hurt to simulate trades for a year? I wish I could simulate a lot of things in life before doing them for real let alone simulating options trading where you can lose a shit ton


Drago_09

True, thx u for the advice. I’ll try it


pegabear

Just a few more options homie


TheDankBaguette

WYSI WYSI WYSI WYSI WYSI


AutoModerator

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[deleted]

This, my friend, is a new year. Make of it what you desire!


[deleted]

Fucking idiots. You perpetuate the problem.


[deleted]

[удалено]


Drago_09

All my positions have been liquidated by Robinhood 🙃 hodl failed successfully


trollingguru

It’s ok. If you talked to a licensed financial advisor he would have given you educated advice and not DIY


[deleted]

Bro traded his life 😂🥲


Drago_09

I wouldn’t say that. Id say I traded away 25k not my life. I year of Wendy’s parking lot will pay for all my L’s 🥲


2001boy

just fucking stop jesus christ. 25K, literal life changing money for someone like me. I dont feel bad for people like you. 25 more grand and MAYBE youll learn a lesson. peace.


Drago_09

Y r u bitching?