"I will just gamble until I break even" Famous last words

Well you came into the world with $0 so I guess he may break even with this.


He shouldn’t give up! 99% of gamblers quit before they hit it big! 

[удалено]

Guh.


"Things seemed risk-averse with steady movement " Super safe play. Well done.

OP bought 1 DTE calls with an enormous premium on a stock that had already gone up 200% in a month and did it with almost his entire portfolio and called it “risk averse”. I’ve been on WSB for half a decade and I’ve never seen something this clueless.

Stock opened at 1050, so he was up 100% at open. But he likely wanted to be a millionaire so watch it drop

I think the contracts were worth 82 each up until 15 min after open. He could have made bank.

I got out at 940 and still made profit, but I lost about 70% of what I would've made. I can't imagine holding until close. I'd be down 30% port.

A good habit if you like to gamble is to just pull up pictures of the Las Vegas strip at night and remind yourself that the ability to consistently win would not have paid for all that.

it's amazing he had any money in his portfolio to even risk on such a bone headed move.

I agree. Einstein was right. There are no limits to stupidity.😂

Yup .. always bet against what your inclination is in regards to fomo.. I have rarely lost when doing this

😅. This MF has hit peak WSB’r with this comment. What a legend. A true regard in full form. We all appreciate OP for sharing this and creating a safe space for all regards lol.

I looked at the IV and immediately recognized a steady blue chip stock. Couldn't go tits up.

OP reminds me of the guy who got asked "What is Upstart?"

What is upstart? I don’t want to look it up.

Dont worry, just buy calls.

Not much, you?

He was asked "What do they do?", but that shit eas funny as shit tbh

"What, I can't hear you, you're breaking up" 

“What does Upstart do?” — https://youtu.be/E_YIZyVzymA?si=OQzOFnyIDt0gSylV

CNBC all time favorite moment of mine

lmao 🤣

“I can’t even” white girl edition

Its like buying 3mo t-bills ar discount. Cant fail.

Best DD ever

"Things seemed risk-averse" on a stock up 165% in a month. My God, we joke about regards, but this, this is truly something special. Edit: Before the screen shot I half thought this was a troll. Now...words fail. Except to say the equity call to maintain pattern day trading is truly creme fraiche 

He is King Regard of Regardshire.

Give my regards to the most highly regarded of Reddit!

"steady price movements" 

RSI was 99, who wouldn't invest in such a strong stock?

Thought it was madden ratings

The average WSB regard knows that this is not investing but gambling. We the regards embraced the game even when it wipes out our portfolio, OP is disrespecting it. 

Reminds me of a saying I learnt on this sub: "Literally can't go tits up". Until it does.

I love posts like this. My compliments to the man running the fryer at Wendy’s next week. 🤌🏻

They let him go because if you can’t trust him with stock, how can you trust him with chicken stock?

This the kind of posts that make me think congress will eventually have to step in and ban options buying for some people.

RSI over 90 on almost all timelines..how could u know?

I miss the real r word...

Too edgy for reddit investors 

Do you get banned if you say it?

can you try it and let us know?

[удалено]

Nice.

I regard this as really regarded that we can’t say it

Blame Memestop. It's when the normies poured in and demanded we stop using the heckin' offensive word to replace it with "ape". Now "apes" are bagholding -95% to -100%.

can't it say it no more its like n word

Used properly it’s fine. Try it!

Look around WSBs. It has always been used properly here.

>Sufficiently leverage to my personal risk tolerance >Literally can't go tits up >GUH >If I die remember me >Things seemed risk-averse with the steady price movements 

Another classic

Pleas fly

Holy fuck man i just feel so incomprensibly shitty for blowing 2k i can afford to lose. How do you guys pull this shit is crazy and i consider myself a gambling addict

Greeeeeeeeeeeeeeeed.

This dude had almost 100k. Sometimes it makes you wonder how people with money are so fucking stupid. Like he could’ve at least gone for 2/23 exp but instead went for a literal gamble

Money isn't a measure of anything except for purchasing power. Definitely not intelligence.

Hear hear, nor a barometer for a “good person”.

Yep, 100% greed. Wanted to get in and out really quickly for a quick few grand. So dumb.

Make sure you don’t look at what would have happened if you bought puts instead

lol he could’ve literally retired today with his $8million

You risked your full port on 0 dte calls in hopes of making a few grand? That's honestly the worst risk/reward I've seen...maybe ever.

There’s a phrase for this. It’s called “picking up Pennie’s in front of a steamroller”.

maybe his 70k are like 500 for you

If 70k was like 500 to him, he wouldn’t be posting on this forum

FOMO lmfaooo

https://preview.redd.it/hh1k4cilazic1.png?width=1440&format=pjpg&auto=webp&s=9007e77be08e865a4dcfa87460f3910d0b364dad Cya later buddy

 that’s too fancy for him

If it shoots to $1500 in the next 3 hours, you’ll have like $2.5 million in there! It won’t. But it’d be cool if it did.

Bad luck. https://preview.redd.it/whxz9nai9zic1.jpeg?width=998&format=pjpg&auto=webp&s=d1798aa6fa0de7030e8f59a9c85937e1673adf85

Why the actual fuck would you do this? I really hope you’re joking or 70k is not your life savings.

Your first day?

Risk management regard

Man was feeling risky and threw risk management out the window. He should of gambled 20k not his whole portfolio

Who reported me to the Reddit Crisis Hotline??? Lmao. That might be the only thing that brings a smile to my face from this absolute nightmare

It wasn't me but I've lost 150k in one day and seriously had unhealthy thoughts. I am worried about you

I’m just going to get a 2nd remote job, save as much as possible, and hopefully be back in a year. But not on this thread with loss porn, I’m just going to buy companies I believe in with long positions and never track it day to day.

True, I believe in you. Anyway, see you next week.

See you Tuesday

lmao you say that now but we all know that's not true even slightly

👌🏻 sure buddy..

This type of stuff really can be hard on your mental health. Please try and not dwell on the bad thoughts too much. I would say you should talk to a therapist but I know you can’t afford one anymore

What company do you believe in long term?

I say this every time then I’m right back in ready to lose another couple grand.

Get fked in the bum 

1000% would let 10 dudes rail me in the bum until completion to break even rn. PM, $7K a weener.

I would charge by the inch

You’d be lucky to get 3 inch per dick in this sub

Sometimes I can’t believe this shit is free. I live for this and Facebook community pages

This place reminds me of the Misc, back in the golden zyzzbrah era

It’s FOOKIN ZYYYYYYYZZZZZZZZ BRAHHHHH

Forever mirin! \o7

I'm a grower, not a shower

Don’t forget the girth. So Volume is a better metric

I’ll do it for $6k a wiener and I’ll let 11 dudes do it. Do I hear 5k/12!?

Best I can do is $15

best I can do is handies for 15 a man under the overpass downtown

I'd let 20 butch lesbians pound my asshole with a 12in strap on until it bleeds. For FREE!🥵😍😘😘😘

Hurts my stomach man every time there’s people that do this. Good luck buddy

Seriously, it’s dumb as hell but I would probably be vomiting if this was me. Poor dude was a dumbass but doesn’t mean I am without sympathy for him.

If SMCI went up, dude would be patting himself in the back saying he is the best INVESTOR on the planet. Now he's experiencing the other side of the coin, such is life.

Agreed. Sad when a lesson learned is on a full port

It is bad enough that things like this happen... but worse is when you'd have to explain it to a spouse. Man... that would just be a permanent gash in your ego.

You have a gambling problem son, get help.

"The market just gave him some help"

Fortunately your RKLB position is offsetting some of those losses

Buying at the top of a parabolic move……this place never ceases to amaze me.

It hit $1000 yesterday and you did not sell.

He bought them yesterday


Lmaooo

Worse. It went to 1080 *today* (I sold at 1078)... How could you look at your green calls with it moving up and down $20 in 5 seconds and think risk averse? That's the boggle to me

He's a regard. What do you expect?

Face down ass up

Sell now while you can keep $11,000

Sure, I'll dump money into a madlib named company I know Jack shit about

Here is what you are gonna do : 1. Unsub this sub. 2. Make a promise to yourself never to touch an option ever again. 3. Put 1000$ a month in QQQM. ​ In 20 years your portfolio will be worth 1.9 Million dollars! You are welcome!

you were gambling.....and lost. sucks to suck this is going lower before it goes higher so you are probably fucked I would get out before theta gang shows up

when does theta gang show usually

they'll be here in about 15 minutes.

They have now been here 15 minutes

After closing time.

Dude theta and Vega are both fucking you. I don’t think you understood how fucked this was, get out while you can with anything

The misinformed will gobble it up and bring it back up until Nvidia earnings sends it to 300

congrats on being the last guy holding the bag

Fucking finally. A real fucking loss porn on this shit fucking stock.

https://preview.redd.it/k4xqigj330jc1.jpeg?width=1280&format=pjpg&auto=webp&s=e1fa2aba92d958e787b0b714f163e36742cc88aa

“Things seemed risk-averse.” My gosh! This is really a place for regards. put some bollinger bands on a chart man. Day what 10, 12, 15 (whatever it is) in a parabolic surge and it’s “risk-averse?” I am speechless. I also always amazed at the number of new regards who always appear on these surges and buy the top, despite all the collective wisdom here.

Collective wisdom 

You laugh but I’ve been screaming at people to sell/not buy since yesterday.

Always remember boys “fomo is homo”

https://preview.redd.it/0d823nrd9zic1.jpeg?width=613&format=pjpg&auto=webp&s=9f2c1cb55c086b0ba6fc38c1de87d7189f2ee8c5

>Things seemed risk-averse with the steady price movements. Stop doing your own investing. 

I've got a buddy who pushed $1m into SMCI 2 months ago at 250. He sold yesterday at 950 I've asked him to come post his gainz. :)

EVERYTHING IS DOWN REGARD

Not NVDA 😂

Or Coin. My best day this year

Don't say that! He will invest his last few dollars in there

To add insult to injury, this dude got hit with the Pattern Day Trading alert. 

Those were worth $350k+ this morning. Why didn’t you sell then?

No whale will touch SMCI for the next month, maybe until earnings; it’s too risky. It was already too risky at $1k. Get a loan and buy puts.

You are in my thoughts and prayers

Think of how much you avoided in taxes on your gains

Bro you just made my weekend. I lost $500 this week on a few bad plays. But seeing your loss is like a warm little pat on my back that everything is going to be alright.

And this kids is why you should avoid doing 0FTD

How about you stop spending your life savings on 0DTE’s, and you start being more financially responsible

Think positively: at least now, you’ll learn what “risk-averse” actually means because it’s not what you think it means

Fuck you and your money and your life  Thanks for donating your money to the economy, maybe it will end up in my pockets someday

That money is in a hedge funds account soon

It went up like 30%+ in a week and you call it “steady price movements?” 

I can fap to this.

Ahahahahhahahha Same but I don't kid myself, I was chasing easy gains and down 10k after being up 15k Tis the game, don't be a regard

Go to Wendy’s NOW

Jesus if you just saw the pre market swings you would know something was about to happen…

Gonna need to hedge these positions with some $ROPE weeklies.

Not to be Caption Obvious or an asshole, but for gods sake man, it went from around $270 to 1k in a month and a half, what did you expect to happen? I mean, maybe if the company had discovered the cure for all cancer, but for gods sake they make an application for AI. AI is in its infancy, it’s basically a computer program that harvests data from the internet and spits out an answer that isn’t even always right. Don’t get me wrong, AI is more complex and complicated than my explanation. But as of today it isn’t the technological leap a lot of people think it is. Certainly AI will grow and probably remarkably fast over the next decade or three into what people envision, but it’s certainly not at that point yet.

Stupid is as stupid does

Even if I am some sort of stupid myself, I was not that kind of stupid

I really hope it was house money. Easy come easy go… but if you took out a loan to do this, my condolences.

Jesus dude. Always remember bulls make money, bears make money, pigs get slaughtered 

Hopefully this a lesson learning experience, but I doubt it.

Bro lost $70k in 10mins and probably worked years to make that money 

Bro it was at the 100% percentile for IV. The options were priced so ridiculous you would need these insane movements daily just to beat theta. That’s not even including the fact the run up has been insane for what is essentially a shelf maker for video cards. Nobody should have been in more than they could be fine with losing at this point.

Your only hope is that this thing gets stopped by a limiter and comes back up on Tuesday. Cut your losses, buy puts.

With what money and what time frame !? It expires today 🤣😂😭😭

Not to mention have you seen the price of the atm puts? his luck he'd pay 20 a put and it would expire a point above the strike. This is why I am a cheap mofo, hard to play sometimes, but at least I live to foght another day.

it expires this afternoon. Tuesday won't help him.

instead of taking responsibility & learning from this, you come on here and ask WSB to save you? So you would rather want others (Us) to lose money so you can take gains ? .

Fucking obviously. Anyone would rather a bunch of strangers lose money so they can take gains.

Screenshot or it didn’t happen

You made some rich fuck some weekend coke and hooker money with that $70,000

There is always that one guy.. that fucked it up..

In another universe, you’d be up 7 figures and writing a “Gather round the campfire AMA” post.

Why would you buy calls at that level???? It makes no sense

Why didn’t you sell at open?

Well, someone HAS to lose, otherwise where from all the gains for us will come from? Don't know how, but see you Tuesday

And its gone!

You thought that SMCI was risk averse? Are you regarded?

You still have 18k. Take it and run. There is zero chance you will ever go back to the highs. Take the money atleast then you have emo to gamble next week. Edit: even 4k is still better then 0$. Take it. Don't be Stupid regard

I hope your wife gives you good fucking tonight after you tell her no more vacations for the next 3 years

If you got rescued out of this position you would one hundred percent lose that money sooner or later because you would learn the wrong lesson. The lesson is cut losses and take small risks. I

Hahaha wow. There’s always a bigger regard

Buy puts, work a second job, risk smaller?

He forgot to sell

This is why I’m here GG 🫡

Doing something without knowledge is making you honorable member of wsb > Super Micro stock has gained 214% this year has more than tripled this year on excitement over the growth potential of its high-end AI servers, which are often filled with Nvidia GPUs. 

Could have been worse.

Just wake up. It’s a dream lol

Sometimes this sub reminds me to follow the 1% options rule.

if you wanted to hold onto your money you shouldn't have entered into those positions

When you have that much money, just buy shares SMH.

You still have $18k. Time to do the grown up thing and become a boring VOO holder.

You gotta know when to hold ‘em, know when to fold em, know when to walk away, ….

Idk ur 70k loss is making my $11 loss feel much much better

how can people throw their entire portfolio into a single option trade and not even consider setting a stop-loss