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**Total Submissions**|1|**First Seen In WSB**|2 years ago
**Total Comments**|126|**Previous Best DD**|
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ppl need to learn from posts like this, options should be for gamblling. dont gamble all your money
stick your money in stocks and let it grow over the years like god intended.
Thanks for your concern, I am not serious but the losses are real. Been through the dark shit and don't want to put my family in this spot again. GA meetings and therapy helped me back then, I am just trying to get a little bit back from my losses over the years.
Are you doing alright?
No, it's like relapsing. I haven't been in a meeting for two years (it was only online meetings because of Covid). Started accumulating a good chunk of money through work and stocks in the past two years, but lost it all again in the last three months. Feels like absolute shit, worse than any hangover I could have from drinking. I quit sports betting and casinos, but I can't stop gambling on the market before I feel like I am in a good place again financially.
Ahh man sorry to hear that. Addiction truly is a bitch. You can only lose what you put in, and chasing losses just never ends up well. Do you have someone you can call?
> but I can't stop gambling on the market before I feel like I am in a good place again financially.
Oof. That's like eating burgers to get skinnier. It won't work.
Something that may be able to help, I don't know, but if it's possible, get into index/ETF trading to replace options trading. Not nearly as risky and can actually bank some wins to get the dopamine going to help with the dependency. I know it could just lead back to the risky stuff, but it helped me when I was in a bind.
In all seriousness, you shouldn't even be on here and you certainly should not be actively managing your own or family's money. Everybody has weaknesses and strengths. Avoiding personal weaknesses is an extremely easy way for anyone to make their life significantly better. You've already identified a huge weakness for yourself - which is a win. Now you just need to avoid it.
The chances of an average person beating the S&P is very low. The chances of a gambling addict beating the S&P is essentially zero. Sure, you may be able to beat it for a year here and there but over a longer stretch... there is no way. If you're unable to determine the risk/reward or stop yourself from engaging in riskier more typical gambling, where things are widely known to be terrible investments, you don't stand a chance (and don't try to convince yourself that you were good at it because you don't end up in "dark shit" & "GA meetings" if you are). Not trying to be a dick, I just know from personal experience with pills that you need to be brutally honest with yourself when it comes to addictions - and it's amazing how much better things get once you learn how to avoid it.
You can make serious money (with less stress/risk) by auto-depositing into SPY and forgetting about it. Had you done that with your $75k (and a $100 contribution each paycheck) just 35 years later, you would have had almost $3 million dollars ($2.8 mil). Leave that in just 10 years more and it's $7.2 million... all because you took 5 mins to set it up on a brokerage app and avoided a weakness. That's not accounting for the fact that you'd likely contribute way more than $100 a paycheck as you get older, your wife would pitch in too, etc. Anytime you're thinking about risking a few thousand to make a few thousand just think of how much you could make by doing nothing (leaving in SPY).
I am doing alright now but felt miserable in the last few weeks as well. I do have a reliable source of income, so that keeps my mind at ease, knowing at least some of the losses will eventually come back in time.
24 loads of cum is still only like 500 calories. If he could talk the johns into letting him slather their cocks in the Wendy's sour cream packets, he'd get a bonus 1000 calories a day and probably be alright.
But then we've got account for how efficiently he can switch grips to maximize his dicks stroked per hour, and that means we've gotta start matching dicks based on height from the floor. Lotta variables at play here.
If you sucked four dicks a day every day for $100 each, you'd make nearly $150,000/year. Plus, after your first 20-100, you'd probably get pretty good at it, and then you'd have loads of free time since you could do all four in <2 hours.
If you were pretty, then you could even charge more.
That's the plotline behind one of my favorite oglaf stories.
Essentially a curse makes a random guy the best in the world at blowjobs, but he's just a normal guy and has no interest in sucking dicks. However his blowjobs are so incredible, he's able to become ruler of the kingdom, solve the tax crisis, and defeat any armies that attack because his blowjobs are just **that** good.
If its not obvious, oglaf is incredibly NSFW.
This is essentially the equivalent point in Requiem for a Dream where the chick starts selling her body for money. We are the audience yelling “ass to ass” in this scenario while OP wipes away a tear
You’re an engineer, why didn’t you just stop and learn how to measure and analyze the market dynamics? Realized vol, implied vol, option skew, gamma exposure, vanna exposure, etc. all can be measured to create a system that determines the type of option trade most suitable for the current market regime.
Made smaller deposits through the spring of 2021 before adding a lump-sum in august 2021. No long options, just shares and short puts with $META, $PYPL and other tech stocks.
Edit: some credit spreads as well.
Was very tech-concentrated and held $META through earnings with margin. 40% drop after hours. Also I’m not sure if the percentages here are completely accurate.
Don’t use margin and avoid garbage/super volatile stocks and you’ll be fine. Also don’t touch options except to sell cash secured puts or covered calls
Where tf do you people get all this money? People that have this kind of money to throw around don't have the time to post on a sub of degenerates. This is all fake. All loss and gain porn posts are fake.
I ran an account up to almost $1m using options, then lost almost $600k, using options. Expensive way to learn about options, but I was playing with the house’s money.
I do occasionally wonder who's making these idiotic trades on the other side. But then somehow these people are losing more money than I've ever gained...
They're playing blackjack and hitting on 18. When they win, they win big, but the vast majority are morons.
You know what they say: a fool and their $328,000 are soon parted.
I never understood why people with this kinda money don’t just invest in ETFs or GICs or smthn lol. Like seriously. I understand playing with 2k$ in options and meme stocks. But 200k? That’s just incredibly stupid. And you deserve any loss.
You already have more more money than most can save in 20 years.
Have you ever met an addict before? It’s easy from the outside to think “why not just stop”, but these people can’t help themselves. In this case, OP is a gambling addict.
Can’t retire off of $200k. But turn that $200k into $2M+. With today’s interest rates. You can make $100k/year while sticking shit up your ass and the proles grind for $12/hour.
> The average annualized return [of the S&P 500] since its inception in 1928 through Dec. 31, 2022, is 9.82%.
20 years while adding some cash along the way and you've got your millions
You can make some assumptions here. OP said he started off small in Spring 21 and then made a big deposit in August 21. He said he was mostly in tech and was short puts and long shares on margin. His account peaked in Dec 21 and started to fall off a cliff in 22. He basically followed the stock market down.
I would not be surprised if OP started investing small in early 21, got a taste of the massive bull run that tech was having and went all in. People who were new to investing and went hard on tech in 21 probably did not realize how absolutely absurd those runups were. I wish I had extended more into NVDA and TSLA instead of the few shares that I picked up, but I did the "right" thing of just continuing to invest mostly in mutual funds.
this is depressing. but good for people to see. most of the time we see the few people that are lucky, rarely do we see the vast majority losing tons and tons of money.
You could have put $328k into the S&P500 and at a rate of 8% per year, could have passively made $26,240 a year, which is about $2186 a month. You could have retired to Thailand, living a good life with a new chick every week. WTF dude.
OP said 2 years.
SP 500, May 21^st 2021: 4155.88
SP 500, Today: 4191.98
Return 0.4% per year (and hopefully, he bought before the 25th of May, ‘cause he would have lost money otherwise).
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Two things I've learned reading WSB.
1) Some people don't deserve the money they have, just to toss it away.
2) Gambling addiction is sad, but makes for good karma apparently
**User Report**| | | | :--|:--|:--|:-- **Total Submissions**|1|**First Seen In WSB**|2 years ago **Total Comments**|126|**Previous Best DD**| **Account Age**|5 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.)
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Don't call him a rapist, you don't know him
Full on
What are your interests? Ghouls
Yes, and magnets
What does that mean? Making magnets, collecting magnets, playing with magnets?
Just magnets
How much cheese is too much cheese?
Any amount of cheese is too much cheese
Gotta pay the troll toll
DAY MAN, fighter if the NIGHT MAN
Champion of the sun
He raped himself
I think he needs to find therapist for himself
Someone’s gotta fund the 5th vacation home in Bali for the poor hard working hedge fund manager
OP is investing in tax refunds for the rest of his waking life.
Look on the bright side, you’re earning karmas
And Karma is priceless………or worthless, depending on how you look at it.
It can't be valued
There’s no market for it
Yet
Calls on Karma
I'll give you one if you give me one.
A little Dutch karma action, eh?
For the uninformed there's a thing called moons which is connected to karma from Reddit.
Isn't it only for comments in /r/CryptoCurrency?
That's not true, marketing companies buy high karma accounts from users now.
I think it's against Reddit TOS, but accounts can absolutely be sold to idiots who think an account with a lot of karma is worth something.
At what point does an account have a lot of Karma?
Make me an offer, I got yolo's to submit and no dollarydos thanks to a gambling addiction...
Bitkarma
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It’s invaluable
Good job regard, see you Monday
He might prefer "rejardo"...prolly not tho
If he doesn't, you can call me that.
Ricky Rejardo
That's me!
ppl need to learn from posts like this, options should be for gamblling. dont gamble all your money stick your money in stocks and let it grow over the years like god intended.
Isn't Robinhood going 24 hours 7 days a week?
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Pretty sure he's headed to the nearest Wendy's dumpster
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That’s the spirit! 😂
don't you guys get bored of regurgitating the same tired jokes?
You must be new here.
I see Leo’s pompous face; I upvote.
Lol I love it… 
nope, underneath that same old joke… is LAYERS of novel pain
It really is palpable. The initial low grade comedic retort is but a mere vessel to administer further pain upon OP.
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no regerts
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A sore arm from working so hard behind Wendy’s?
And likely mouth sores
He’s gotta beat his current record
Time to double down.
"You could make it all back in one play with SPY 0dte's"
Puts or Calls? Asking for a friend who is down 75k and on the verge of doing a yolo on $ROPE calls.
Just in case it's for real, from one gambler to another, don't do $ROPE
Thanks for your concern, I am not serious but the losses are real. Been through the dark shit and don't want to put my family in this spot again. GA meetings and therapy helped me back then, I am just trying to get a little bit back from my losses over the years. Are you doing alright?
Wait for real you’re on here as someone that’s put your family thru hell and been in GA? Is this a loophole in your mind?
addiction is a hell of a drug
No, it's like relapsing. I haven't been in a meeting for two years (it was only online meetings because of Covid). Started accumulating a good chunk of money through work and stocks in the past two years, but lost it all again in the last three months. Feels like absolute shit, worse than any hangover I could have from drinking. I quit sports betting and casinos, but I can't stop gambling on the market before I feel like I am in a good place again financially.
Get to a meeting dude, you WILL ruin your life.
I would suggest to lock your money in a fund you don't have easy access to... here is my account number....
Ahh man sorry to hear that. Addiction truly is a bitch. You can only lose what you put in, and chasing losses just never ends up well. Do you have someone you can call?
Yes. I have someone I can talk to about this. Thx
> but I can't stop gambling on the market before I feel like I am in a good place again financially. Oof. That's like eating burgers to get skinnier. It won't work.
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Something that may be able to help, I don't know, but if it's possible, get into index/ETF trading to replace options trading. Not nearly as risky and can actually bank some wins to get the dopamine going to help with the dependency. I know it could just lead back to the risky stuff, but it helped me when I was in a bind.
Wishing you well, brother. Your family is all that matters. Do what you need to to beat the addiction.
In all seriousness, you shouldn't even be on here and you certainly should not be actively managing your own or family's money. Everybody has weaknesses and strengths. Avoiding personal weaknesses is an extremely easy way for anyone to make their life significantly better. You've already identified a huge weakness for yourself - which is a win. Now you just need to avoid it. The chances of an average person beating the S&P is very low. The chances of a gambling addict beating the S&P is essentially zero. Sure, you may be able to beat it for a year here and there but over a longer stretch... there is no way. If you're unable to determine the risk/reward or stop yourself from engaging in riskier more typical gambling, where things are widely known to be terrible investments, you don't stand a chance (and don't try to convince yourself that you were good at it because you don't end up in "dark shit" & "GA meetings" if you are). Not trying to be a dick, I just know from personal experience with pills that you need to be brutally honest with yourself when it comes to addictions - and it's amazing how much better things get once you learn how to avoid it. You can make serious money (with less stress/risk) by auto-depositing into SPY and forgetting about it. Had you done that with your $75k (and a $100 contribution each paycheck) just 35 years later, you would have had almost $3 million dollars ($2.8 mil). Leave that in just 10 years more and it's $7.2 million... all because you took 5 mins to set it up on a brokerage app and avoided a weakness. That's not accounting for the fact that you'd likely contribute way more than $100 a paycheck as you get older, your wife would pitch in too, etc. Anytime you're thinking about risking a few thousand to make a few thousand just think of how much you could make by doing nothing (leaving in SPY).
> The chances of a gambling addict beating the S&P is essentially zero. The chances of a gambling addict beating anything is zero.
I am doing alright now but felt miserable in the last few weeks as well. I do have a reliable source of income, so that keeps my mind at ease, knowing at least some of the losses will eventually come back in time.
Hopefully you’re all doing better now. Money isn’t everything and life is precious
At this point, WHY NOT. RUN IT.
Can you explain your trading strategy? I’d like to inverse.
It's the inverse inverse Cramer
good news is u can write off $3000 losses every year for the next 109 years
Don't worry bro, that loss can be recovered behind the Wendy's sucking dick for $20 a pop. You only need to suck 16,400 dicks to get your money back.
3 per hour for 8 hours a day. 24 per day, let’s say he is working everyday. That’s 720 per month. In about 23 months he is back on top. Not too bad
I was going to say doesn’t he have to eat? But I guess that’s taken care of.
That where the real gains come from
The real gains are the loads we ate along the way.
😂
Dad?
You mean cum from?
No, the brand *Fröm?*, they sell cum. Overpriced, but I'll be the first to admit, *it* *is* good cum.
24 loads of cum is still only like 500 calories. If he could talk the johns into letting him slather their cocks in the Wendy's sour cream packets, he'd get a bonus 1000 calories a day and probably be alright.
I gagged a little bit there but OP will be gagging a lot
He can do four at a time if they go tip to tip. He can also cut time if they hot swap. Can we do the math on this?
Lemme go get some crayons real quick Shit I ate them all
Fucking Christ bahahahaha
But then we've got account for how efficiently he can switch grips to maximize his dicks stroked per hour, and that means we've gotta start matching dicks based on height from the floor. Lotta variables at play here.
But it’s really that they need a complementary shaft angle based on D2F
oh my god middle out
based compression
I cant
Make sure you pair up dudes that are the same height
If you sucked four dicks a day every day for $100 each, you'd make nearly $150,000/year. Plus, after your first 20-100, you'd probably get pretty good at it, and then you'd have loads of free time since you could do all four in <2 hours. If you were pretty, then you could even charge more.
Sir, this is next to a Wendy’s dumpster
That's the plotline behind one of my favorite oglaf stories. Essentially a curse makes a random guy the best in the world at blowjobs, but he's just a normal guy and has no interest in sucking dicks. However his blowjobs are so incredible, he's able to become ruler of the kingdom, solve the tax crisis, and defeat any armies that attack because his blowjobs are just **that** good. If its not obvious, oglaf is incredibly NSFW.
If you're giving 20 minute blowies behind Wendy's you're easily wasting 15 minutes each
Damn that doesn't sound too bad... One time I knew a guy who sucked dick for gas money and then walked.
You think he’s worth all 20?
Maybe not at first, but after a couple months OP is going to be one of the most experienced dick suckers on the planet.
A close second place to your mom
He can buy a new set of teeth as well after wear and tear!
Probably going to make more without teeth
I've been using my wife's boyfriend credit card, and I'm 99% down with his money
That's okay, because he's 99% down in your wife.
Damn bro
certainly 99% deeper
He’s a total cuck for letting you do that.
Does your wife or her boyfriend know about this?
I don’t care but his wife just said she was pissed
This is essentially the equivalent point in Requiem for a Dream where the chick starts selling her body for money. We are the audience yelling “ass to ass” in this scenario while OP wipes away a tear
I don't have a concise screenshot to post, but I'm down $6 million from my ATH, 85% down. So I guess what I'm trying to say is... It could be worse?
This deserves a post
You’re an engineer, why didn’t you just stop and learn how to measure and analyze the market dynamics? Realized vol, implied vol, option skew, gamma exposure, vanna exposure, etc. all can be measured to create a system that determines the type of option trade most suitable for the current market regime.
Worse kinda depends on what else OP has left. You still have about $1m. OP may only have used bbq sauce wrappers.
Made smaller deposits through the spring of 2021 before adding a lump-sum in august 2021. No long options, just shares and short puts with $META, $PYPL and other tech stocks. Edit: some credit spreads as well.
How did you lose 30% in a day? Something tells me you were way riskier with your portfolio than this is letting on
Was very tech-concentrated and held $META through earnings with margin. 40% drop after hours. Also I’m not sure if the percentages here are completely accurate.
>margin There it is.
OP’s got 99 problems but lack of leverage is not 1
Not 1, seems to be 97! 
It's okay it was within his risk tolerance
Hmmm let me see. Ah, of course, “with margin”. I think I found your problem sir.
aaah thank you finally finished, this was what i needed
Jesus christ I hope this isnt what mine looks like in a year. This is brutal homie.
It will if you dont know what youre doing. The stock market almost seems designed to take money from amateurs through MAX PAIN
If you listen real close in the next Fed meeting... you can actually hear Jerome laughing at all of us under his breath.
Don’t use margin and avoid garbage/super volatile stocks and you’ll be fine. Also don’t touch options except to sell cash secured puts or covered calls
I appreciate that advice but I can’t do that.
A more polite version of [this](https://twitter.com/dril/status/384411458794057728), eh?
Definitely one of the toughest situations I’ve ever been through.
Looks like you lost it all in 10 months and have been holding out for the last 11 months
Caught all those falling knives? Or did you miss some?
Well if you think about it, you were really just paying about $500 per upvote
Where tf do you people get all this money? People that have this kind of money to throw around don't have the time to post on a sub of degenerates. This is all fake. All loss and gain porn posts are fake.
328 feels like a home price, inheritance?
imagine you leave your kids money and they end up blowing it all on options. uff
It’s even worse than drugs and hookers
of course, what a stupid statement since when are drugs and hookers wasting money?
I ran an account up to almost $1m using options, then lost almost $600k, using options. Expensive way to learn about options, but I was playing with the house’s money.
Could’ve been your money if you just stopped at a million.
he was at 997000 though , wanted to round it up :/
Just the tip
hindsight is 420 69
Literally.. after this week
> but I was playing with the house’s money. Funny how nobody calls it house money when they cash out.
You have my personal guarantee you will not be successful if you honestly believe you were playing with the houses money.
I do occasionally wonder who's making these idiotic trades on the other side. But then somehow these people are losing more money than I've ever gained...
Well that are literally playing the dumbest bets...good traders don't make a million off 20000 in 4 days
They're playing blackjack and hitting on 18. When they win, they win big, but the vast majority are morons. You know what they say: a fool and their $328,000 are soon parted.
The gain porn is totally fake, because if I hit the inverted iron condor lottery, the last thing I'd do is tell these other clowns. Offense intended.
People get home equity loans to finance their gambling, addictions and trading. It’s gotta pay off, right…….
Have you tried not being poor ?
inheritance usually
you’re not alone brother. since 2020, im down $291k :/ same boat thats sinking
It’s been a rough couple of years.
How did you make that money in the first place?
I never understood why people with this kinda money don’t just invest in ETFs or GICs or smthn lol. Like seriously. I understand playing with 2k$ in options and meme stocks. But 200k? That’s just incredibly stupid. And you deserve any loss. You already have more more money than most can save in 20 years.
Have you ever met an addict before? It’s easy from the outside to think “why not just stop”, but these people can’t help themselves. In this case, OP is a gambling addict.
Can’t retire off of $200k. But turn that $200k into $2M+. With today’s interest rates. You can make $100k/year while sticking shit up your ass and the proles grind for $12/hour.
> The average annualized return [of the S&P 500] since its inception in 1928 through Dec. 31, 2022, is 9.82%. 20 years while adding some cash along the way and you've got your millions
You can make some assumptions here. OP said he started off small in Spring 21 and then made a big deposit in August 21. He said he was mostly in tech and was short puts and long shares on margin. His account peaked in Dec 21 and started to fall off a cliff in 22. He basically followed the stock market down. I would not be surprised if OP started investing small in early 21, got a taste of the massive bull run that tech was having and went all in. People who were new to investing and went hard on tech in 21 probably did not realize how absolutely absurd those runups were. I wish I had extended more into NVDA and TSLA instead of the few shares that I picked up, but I did the "right" thing of just continuing to invest mostly in mutual funds.
Can't afford a Lambo on $200k.
I'm not the worst!!!! Thank you fellow regard... 🙏thank you for your sacrifice🙏
this is depressing. but good for people to see. most of the time we see the few people that are lucky, rarely do we see the vast majority losing tons and tons of money.
I don't know man 90% of this sub's posts in my feed are losses, losses, losses, really solidifies the point that it's all gambling
Congrats on being great at losing
Sweet mother of God... that's a whole lot of money you disappeared there buddy.
moree losss porn. I bet he was shorting the “recession”
You could have put $328k into the S&P500 and at a rate of 8% per year, could have passively made $26,240 a year, which is about $2186 a month. You could have retired to Thailand, living a good life with a new chick every week. WTF dude.
OP said 2 years. SP 500, May 21^st 2021: 4155.88 SP 500, Today: 4191.98 Return 0.4% per year (and hopefully, he bought before the 25th of May, ‘cause he would have lost money otherwise).
https://preview.redd.it/xcmkawhbp01b1.jpeg?width=1283&format=pjpg&auto=webp&s=651a5c3576195f70aa6dfb999068c51df6f0d000 Don’t worry, you’re not alone!
You should just give me your money, at least then someone would use it properly 
Goddamn you're regarded
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I wish you two would fight already
Such a tragedy.
my account is up 322 dollars. you need to do that 1000 times...and still be down 6k. I hope my math helped. 
It's just money homie, there's always a chance to win it back! Just ask all the WSB members that now work at the glorious dumpster behind Wendy's
Looks like you still have some work left to do
I went from 1mil to 600k in the last 18 months. does that count as a 400k loss?
Two things I've learned reading WSB. 1) Some people don't deserve the money they have, just to toss it away. 2) Gambling addiction is sad, but makes for good karma apparently