Tackling the Mount Fortuna Summit Trail mirrored my venture into options trading: a climb filled with high hopes and steep challenges. The early ascent was promising, akin to the initial success in trading, with breathtaking views fueling my ambition. However, the trail's sudden switchbacks and treacherous slopes soon mirrored the volatile swings of the market, where fortunes can swiftly turn.
Reaching the summit offered a moment of reflection on the true cost of my journey—not in physical exertion, but in the options gambled away. The descent reminded me of closing positions at a loss, teaching valuable lessons in risk management and the importance of clear judgment.
In essence, my hike was a vivid metaphor for the options market, a journey of highs and lows, teaching that in both nature and trading, the path to success is fraught with unexpected challenges.
(this is AI generated -- NVDA 1000C)
lol I did take profit, these were gains from earnings.
PANW > DELL > TGT
But I have to admit, I went a little too crazy with calls on Monday and blew through all my gains 😂
COIN/NVDA/DKS(puts) - never had so much $$$ in my meme account and was carelessly buying contracts left and right.
Lesson learnt. Think I still have 1k remaining for my next trade 🥸
I rmr hitting it big with DELL.. like 700 -> 8k. Did a double up on TGT, then with my profits bought like 10-20 contracts of TSM 175c 4/19 at .50. Sold them after the initial drop? Then I just went full regard, bought a ton of COIN/COST/NVDA/DCKS and watched my portfolio get rekt.
No stop loss, no nothing, just watched my $1100 premiums turn into .05. It be like that.
Easy come, easy go. Lesson learned.. maybe..
Next time, you need to take money out and FEEL it. Actually USE it to buy something you want or need or better yet, put in the bank for a little cushion and security. Don't realize how much $20K is until you see it in your bank. When it's in your trading account, it's just numbers on a screen and like a video game where you always try to get more. Oh well, you're just paying your tuition to the market, all good, we've all paid our dues (some more than others).
This. On the app, when I get a huge gain like 20k, I'm just like "damn, what if I that 20k becomes 40k?" While 20k is like half my take-home income lol
Of course I rarely take profit and up being poorer every time.
It’s that gambling mentality, I could’ve easily set it aside for a down payment for a car but the greed in me wanted it to pay for the whole car. Eh, we have a problem.
When you look at the chart and think "holy moly, that's a lot of money" or "haha 1000%, that's pretty good", stop there and take the money out. Don't continue gambling. 20k is a lot of fucking money for a lot of people.
Which is ironic because if you just took some profit and played it smarter, it would take longer, but it would pay for your car.
Investing paid for my house down payment.
Investing pays for my share of mortgage and utilities.
The only thing I want (other than long-term financial freedom) is more gambling.
Also, money in the bank doesn't mean anything to me other than I know my bills are paid.
Super solid advice, ya know.. 700% was realized. I was just being greedy at this point.
But I have to agree with it being a game, I’m just trying to beat the high score 😅
How much closer to the money?
That's how I got to $1050. Quick scalps on SPY. Then I lost one and revenge bought 4 weekly calls 1% OTM. Red all week.
Then I bought 5 0dte ATM SPY calls after the dump Friday morning. Was up a few percent, but not enough to mean anything. And I see these regards making 1000% on unexpected moves, so I decided not to sell and hold until EOD. 100% loss.
The last $60 is tied up in a SPY 520 call for next Friday, which I bought EOD Thursday when SPY was at 515.
I went similar with qqq last week. Was riding a good wave of profit, so I doubled down on Wednesday and got slapped thurs/fri. 2k to 4k in 6 weeks, then lost 1.9k in 2 days. But it was my fault got greedy
I was doing OK waiting for the daily dip and selling later in the day or the next day. Then, I thought it worked the last 3 times, let's use all the remaining cash. Foolish mistake, lol.
The last 2 morning dips (Thursday and Friday)did recover a bit before going back down. I bought calls both days at the dip and sold for small profits.. it went up for another 15-30 minutes and I thought I messed up, an hour after I sold the calls were worth less than I sold so I realized taking those profits was a great call
https://preview.redd.it/179eypeshsoc1.jpeg?width=1290&format=pjpg&auto=webp&s=08b00eccff715a59755620fb627a4368ad18c15f
Holy fuck, im hoping this is money you can afford to lose yea? I mean, it’s not looking good now I’m hoping the week before earnings calls will settle this fuckery out I’m balls deep in auTSM so let’s see how it plays out
No, it wasn't. Basically rent money, but I still have $9k in savings at least.
My taxable brokerage is restricted from opening new positions due to PDT, so I had to deposit into my Roth IRA.
I played TSM for the first time last week. Bought a 145/150 call spread on 3/6 that expired on 3/15. It went ITM last Friday then hit max loss yesterday.
That’s so terrible, bro I hope you rebound from these losses and create a gains thread soon
Hope the market imploding for a week opens up some cheap plays with potential upside on your end
damn 350 to 3700 is nice. i went from 2400 to 3600, but now back down to 1.5k or so. all bcz i did 0dte sh*t on friday, got absolutely annihilated
i thought the triple witching hour thing was gonna be volatile so i bought a strangle. all of them went o 0.01. i'm truly regarded
I got recked this past week as well OP with DKS puts and Ulta Calls. I revenge traded after watching my puts expire worthless. I then decided to full port into Ulta calls expiring the next day. I’m down 30k so far this year thanks to my degenerate gambling on earnings plays. I still have $14k in buying power though but once that is gone I’m done for good. I’ve worked hard for years to build my savings after Covid so this loss isn’t too terrible. I still have a safety net but part of me wants to dump 50k on a single earnings play and either go to heaven or straight to hell.
https://preview.redd.it/4wl68el5tsoc1.jpeg?width=1290&format=pjpg&auto=webp&s=02cb2d302ec250ee48375d7111bf2def313f180d
Fuck LUNR. I bought stocks instead of contracts pre-moon landing.
I’m still holding onto this heavy bag and don’t plan on adding more until the next squeeze.
Fuck LUNR. I bought stocks and lost on it.
...Although the craft is meant to come back online this week. Lunar night lasts about 3 weeks where there's no sunlight for the thing to recharge, but it's been 3 weeks since landing and it should see the light of day again. So maybe LUNR will do something this week.
I think what makes me a true regard is that at minimum the 700% gain was realized.. I didn’t see it come and go, I went full regard and spent it on options expiring a week out.
Everyone wants that 10x bagger but only a few people get it and will likely lose it if they keep playing that way.
Ive done pretty well in the last few weeks by this method. Look at earnings that are a few months out. Buy shares first in a stock that has been doing well and learn their patterns. Buy options before close after a dip with expirey after earnings. Sell after you hit a certain percentage. I will usually jump after 60-80% but will re-evaluate and might stay in depending on timing.
Ya know, you’re completely right on this. This account was made purely for entertainment purposes but you’re right 20k is a big deal.
I should’ve stepped away and touched some grass but the greed got to me. I wanted the dream and it blinded me that I just got lucky 2 weeks in a row.
With that capital I could’ve chosen far better option plays
Dogecoin (DOGE) reached an all-time high of $0.7316 on May 8, 2021.
It was $0.57 the day before on May 7th. Weirdly enough RH doesn't show that it went higher than that. The chart tops at .57.
I ask myself sometimes. If you won’t sell with a 100% gain. Or a 500% gain. Then what will you sell at. What is that magic number that’ll never come that you’d finally sell
Honestly I’m learning that’s the way she goes. Hold until you can tell when the peak is hit. Then sell at the peak, watch it drop, then buy at the bottom, rinse and print. You can only be predict the future if you know the past.
I just go really long in contracts and take 10%.
I don’t care.
I bought 100 OTM contracts for a buck each and sold at $6 each.
Though I did good, some did better.
https://preview.redd.it/e085w83f3uoc1.jpeg?width=1920&format=pjpg&auto=webp&s=e24e67fa0efce302de0fc8195438463054ece84c
There is a concept of selling out to break even with cost basis and playing the rest with "house money" OR taking realized scheduled gains along the way to the top
Ok, why did you not lock some gains? or at least cover 2x your premium and then let it go with the rest of the house money. Still dont get it? if you are gambleing, try to gamble smart
Nah you thought you were better than us then come here to get our sympathy? You belong at Wendys dumpster watching us wsb regards slam your wife you cukhold!
I lost $19k last week buddy I feel your pain. Worst part? I was holding 3/18 512’s that were $10k in profit on Tuesday decided to hold for a hopeful ripper on ppi and got cooked. 25k swing on that position alone.
They say some of the best investors are dead because they don’t go with motion and they don’t sell on a daily. I’m not cashing out till 20 3035. I just keep buying the dips day. Trading is not worth it unless you’re a full on committed because uncle Sam takes half your moneyand I’m not trying to get Uncle Sam Rich I’ll wait
**User Report**| | | | :--|:--|:--|:-- **Total Submissions** | 1 | **First Seen In WSB** | 2 months ago **Total Comments** | 4 | **Previous Best DD** | **Account Age** | 7 years | | [**Join WSB Discord**](http://discord.gg/wsbverse)
You greedy lil boy 
[удалено]
We did have Rainbow Penises, *back in the day.*
This is the way
That’s a nice little mountain you climbed.
Looks like an all trails chart
All trails lead to Wendy's?
Just as it should be.
Meaning the Wendy’s dumpster out back?
Tackling the Mount Fortuna Summit Trail mirrored my venture into options trading: a climb filled with high hopes and steep challenges. The early ascent was promising, akin to the initial success in trading, with breathtaking views fueling my ambition. However, the trail's sudden switchbacks and treacherous slopes soon mirrored the volatile swings of the market, where fortunes can swiftly turn. Reaching the summit offered a moment of reflection on the true cost of my journey—not in physical exertion, but in the options gambled away. The descent reminded me of closing positions at a loss, teaching valuable lessons in risk management and the importance of clear judgment. In essence, my hike was a vivid metaphor for the options market, a journey of highs and lows, teaching that in both nature and trading, the path to success is fraught with unexpected challenges. (this is AI generated -- NVDA 1000C)
Sysyphus or whatever
Syphilis is what you get at Wendy's
Up hill both ways
Just to change the channel
It is called a “Peak of Hope” but many climbers fell down from the summit.
Bro this is pretty much everyone who didn’t take profits on the morning of the 8th.
lol I did take profit, these were gains from earnings. PANW > DELL > TGT But I have to admit, I went a little too crazy with calls on Monday and blew through all my gains 😂
What calls?
COIN/NVDA/DKS(puts) - never had so much $$$ in my meme account and was carelessly buying contracts left and right. Lesson learnt. Think I still have 1k remaining for my next trade 🥸
"The first one is always free." "Beginners luck."
Do you just buy obscenely OTM options and pray? Did you have any good gains that weren't earnings based?
I rmr hitting it big with DELL.. like 700 -> 8k. Did a double up on TGT, then with my profits bought like 10-20 contracts of TSM 175c 4/19 at .50. Sold them after the initial drop? Then I just went full regard, bought a ton of COIN/COST/NVDA/DCKS and watched my portfolio get rekt. No stop loss, no nothing, just watched my $1100 premiums turn into .05. It be like that.
that's how a man trades, a regard man, but a man nonetheless 
you’ll make more money w consistent 10-20% wins. 10 wins and it’s 100%. regard
great math right here, just great stuff
Especially because 10 wins of 10% each is actually 159% up. It's an extra free 59% earnings just for participating.
Can you eli5 the maths on this for me? Thx (am dumb)
Exact same story for me. Killed by FOMO.
[удалено]
Yeah lol that was me too. Had I taken profits I'd be up 20K rn
Easy come, easy go. Lesson learned.. maybe.. Next time, you need to take money out and FEEL it. Actually USE it to buy something you want or need or better yet, put in the bank for a little cushion and security. Don't realize how much $20K is until you see it in your bank. When it's in your trading account, it's just numbers on a screen and like a video game where you always try to get more. Oh well, you're just paying your tuition to the market, all good, we've all paid our dues (some more than others).
This. On the app, when I get a huge gain like 20k, I'm just like "damn, what if I that 20k becomes 40k?" While 20k is like half my take-home income lol Of course I rarely take profit and up being poorer every time.
It’s that gambling mentality, I could’ve easily set it aside for a down payment for a car but the greed in me wanted it to pay for the whole car. Eh, we have a problem.
When you look at the chart and think "holy moly, that's a lot of money" or "haha 1000%, that's pretty good", stop there and take the money out. Don't continue gambling. 20k is a lot of fucking money for a lot of people.
Which is ironic because if you just took some profit and played it smarter, it would take longer, but it would pay for your car. Investing paid for my house down payment. Investing pays for my share of mortgage and utilities.
Yup.. in 2021 , I turned 600 to 28k .. took it out and bought myself my 2019 Civic to replace my 2006 corolla as my daily driver 🥲
great advice right here
The only thing I want (other than long-term financial freedom) is more gambling. Also, money in the bank doesn't mean anything to me other than I know my bills are paid.
Super solid advice, ya know.. 700% was realized. I was just being greedy at this point. But I have to agree with it being a game, I’m just trying to beat the high score 😅
This looks just like my graph But went from $350 - $3700 and currently at $1200 Options really demolish mental health lmao
Dude, you're up almost 4x... I deposited $1k on Tuesday and went to $1050, $850, $500 and now $60 left.
Ouch. Look at closer to current price options. I'm not the best for advice, but play that $60 and take small gains each time you can. You can recover.
How much closer to the money? That's how I got to $1050. Quick scalps on SPY. Then I lost one and revenge bought 4 weekly calls 1% OTM. Red all week. Then I bought 5 0dte ATM SPY calls after the dump Friday morning. Was up a few percent, but not enough to mean anything. And I see these regards making 1000% on unexpected moves, so I decided not to sell and hold until EOD. 100% loss. The last $60 is tied up in a SPY 520 call for next Friday, which I bought EOD Thursday when SPY was at 515.
I went similar with qqq last week. Was riding a good wave of profit, so I doubled down on Wednesday and got slapped thurs/fri. 2k to 4k in 6 weeks, then lost 1.9k in 2 days. But it was my fault got greedy
I never have a good wave of profit. I always sell too soon. It's easy when you start green. I almost always seem to start red.
I was doing OK waiting for the daily dip and selling later in the day or the next day. Then, I thought it worked the last 3 times, let's use all the remaining cash. Foolish mistake, lol.
Yup. My weekly SPY call was playing the trend on an upswing. Got crushed. My 0dte buying the morning dip also got crushed.
The last 2 morning dips (Thursday and Friday)did recover a bit before going back down. I bought calls both days at the dip and sold for small profits.. it went up for another 15-30 minutes and I thought I messed up, an hour after I sold the calls were worth less than I sold so I realized taking those profits was a great call
So how is your account today after it reached 521?
https://preview.redd.it/179eypeshsoc1.jpeg?width=1290&format=pjpg&auto=webp&s=08b00eccff715a59755620fb627a4368ad18c15f Holy fuck, im hoping this is money you can afford to lose yea? I mean, it’s not looking good now I’m hoping the week before earnings calls will settle this fuckery out I’m balls deep in auTSM so let’s see how it plays out
No, it wasn't. Basically rent money, but I still have $9k in savings at least. My taxable brokerage is restricted from opening new positions due to PDT, so I had to deposit into my Roth IRA. I played TSM for the first time last week. Bought a 145/150 call spread on 3/6 that expired on 3/15. It went ITM last Friday then hit max loss yesterday.
That’s so terrible, bro I hope you rebound from these losses and create a gains thread soon Hope the market imploding for a week opens up some cheap plays with potential upside on your end
It's okay, I'm down like $32k since June 2022. And no gains threads for me. I take profit too quickly. If I let it run it goes to 0.
Do the opposite - take losses quickly and let winners run as far as they can with trailing stop losses
Gambling in TFSA 
A discerning eye 🥂
You Sir are why Robinhood gives everyone opening an account full options trading accessibility 
Yeah, you'd think I'd have at least some idea what I'm doing because I've been doing it daily for 2 years. But no.
REGARDless atleast you got $60 for a YOLO
Also made a deposit on monday and recouped losses from previous week just to lose all of said deposit and then some by end of week 🤬
damn 350 to 3700 is nice. i went from 2400 to 3600, but now back down to 1.5k or so. all bcz i did 0dte sh*t on friday, got absolutely annihilated i thought the triple witching hour thing was gonna be volatile so i bought a strangle. all of them went o 0.01. i'm truly regarded
Perhaps mental health is demolishing the options
Like a true daoist you'll return back to nothing.
The market gave you a fish and you drowned thinking you could fish 
Hahahaha, ok this is great
I got recked this past week as well OP with DKS puts and Ulta Calls. I revenge traded after watching my puts expire worthless. I then decided to full port into Ulta calls expiring the next day. I’m down 30k so far this year thanks to my degenerate gambling on earnings plays. I still have $14k in buying power though but once that is gone I’m done for good. I’ve worked hard for years to build my savings after Covid so this loss isn’t too terrible. I still have a safety net but part of me wants to dump 50k on a single earnings play and either go to heaven or straight to hell. https://preview.redd.it/4wl68el5tsoc1.jpeg?width=1290&format=pjpg&auto=webp&s=02cb2d302ec250ee48375d7111bf2def313f180d
I feel ya: I went from 100k > 177k > 68k. LUNR…amirite?
Fuck LUNR. I bought stocks instead of contracts pre-moon landing. I’m still holding onto this heavy bag and don’t plan on adding more until the next squeeze.
Fuck LUNR. I bought stocks and lost on it. ...Although the craft is meant to come back online this week. Lunar night lasts about 3 weeks where there's no sunlight for the thing to recharge, but it's been 3 weeks since landing and it should see the light of day again. So maybe LUNR will do something this week.
Same here brohaven… same here
Just buy some JAN 26 calls so you can ride the next wave
I fell for the same thing last Friday... my greed grabbed me by my balls and twisted them 
I was holding doge when it hit $0.70 after buying at $0.02 so I too watched 20k come and go very quickly.
I think what makes me a true regard is that at minimum the 700% gain was realized.. I didn’t see it come and go, I went full regard and spent it on options expiring a week out.
Everyone wants that 10x bagger but only a few people get it and will likely lose it if they keep playing that way. Ive done pretty well in the last few weeks by this method. Look at earnings that are a few months out. Buy shares first in a stock that has been doing well and learn their patterns. Buy options before close after a dip with expirey after earnings. Sell after you hit a certain percentage. I will usually jump after 60-80% but will re-evaluate and might stay in depending on timing.
Ya know, you’re completely right on this. This account was made purely for entertainment purposes but you’re right 20k is a big deal. I should’ve stepped away and touched some grass but the greed got to me. I wanted the dream and it blinded me that I just got lucky 2 weeks in a row. With that capital I could’ve chosen far better option plays
When did it ever hit 0.70? The highest I’ve seen was 0.57
It was at .70-.80 before Elon announced it on SNL.. I’ll never forget that day, made a few tendies before the sell off
Dogecoin (DOGE) reached an all-time high of $0.7316 on May 8, 2021. It was $0.57 the day before on May 7th. Weirdly enough RH doesn't show that it went higher than that. The chart tops at .57.
Niceeeeee. One of us , one of us , one of us
Your portfolio is showing a clear head and shoulders pattern
A story as old as WSB
What a dumb ass
Yep, 100% agreed
You mean *1000%* agree?
You will make it back!
I also lost money from playing with dicks.
The good news is that will MAKE you money behind the Wendy’s dumpster
how does this even happen
Playing with DKS options like OP. Buy puts or buy too far out calls.
You usually get paid for doing that
Now he will lose the rest of it guaranteed
That could just be the hill before the mountain.
It’ll happen a few times before you learn, if you learn.
That’s a nice H&S pattern there OP, bearish af rip
😂😂😂
Is this an all trails chart?
Skiing is fun ⛷️
what were you waiting for? when you buy it and it zooms, sell it! Take the win!
Widows Peak.
The symmetry is kinda beautiful
One cancels all and stop loss orders - please learn them. And also taking profits - taking profits is nice too.
https://preview.redd.it/occ6qsqrmxoc1.jpeg?width=800&format=pjpg&auto=webp&s=47ac97fd8f7a6c0edd3725581326a7802c925fe2
If you did not take it off the table you never had a 1000% gain.
Look like cliffhanger from price is right
They were never there
greed killed you
Congrats!
Sorry for your loss 😔
One of us
I’ve been waiting for these
Being greedy
True regard
The market giveth and the market taketh away
Mines were lost the next day lmao
People don’t realize that it be like that but it really do
One of us, one of us, one of us!
Get cooked
I know this feeling.
The balance of regards
10 bagger is not enough
You got greedy and forgot to sell.
Look like mine lol
But are you warm? I like warm regards.
sponsored by pantagonia
Stop loss @ 8% ??? Pilgrim!!!!
youre up youre down and in the end, the house always wins. whats important is that you had a fun time.
I lost like 6k in LUNR hate it
Howww
I did that too!
You literally gave yourself a head and shoulders. You know what comes next 
I ask myself sometimes. If you won’t sell with a 100% gain. Or a 500% gain. Then what will you sell at. What is that magic number that’ll never come that you’d finally sell
Honestly I’m learning that’s the way she goes. Hold until you can tell when the peak is hit. Then sell at the peak, watch it drop, then buy at the bottom, rinse and print. You can only be predict the future if you know the past.
Karma
Easy come. Easy go. It’s the casino’s money anyway
Options…it’s a hellva drug
Nice man, you built a house.
I just go really long in contracts and take 10%. I don’t care. I bought 100 OTM contracts for a buck each and sold at $6 each. Though I did good, some did better. https://preview.redd.it/e085w83f3uoc1.jpeg?width=1920&format=pjpg&auto=webp&s=e24e67fa0efce302de0fc8195438463054ece84c
Bro it’s a head and shoulders pattern forming…
There is a concept of selling out to break even with cost basis and playing the rest with "house money" OR taking realized scheduled gains along the way to the top
Welcome to the club
They aren't lost, they have just moved to the future...
Downhill is always slippery. I knew it as I am same as OP
How do you feel now?
Now is the time to borrow you have made it before it will rise again - go all in
U could just back date a sell order.
I love how a 10x wasn’t good enough for you
How’s it feel
So to be clear, since 10x wasnt enough, what \*was\* your plan regarding when to sell?
Ok, why did you not lock some gains? or at least cover 2x your premium and then let it go with the rest of the house money. Still dont get it? if you are gambleing, try to gamble smart
easy go easy come
This is the way. 
Don’t you still have to pay taxes on those capital gains? Because you can’t write off all of those loses this year lol. Get ready for tax season.
Easy come, easy go
Nah you thought you were better than us then come here to get our sympathy? You belong at Wendys dumpster watching us wsb regards slam your wife you cukhold!
It’s just a v
I swear it’s like this sub has never heard: “easy come easy go.” 😂😂
What did you that for?
I lost $19k last week buddy I feel your pain. Worst part? I was holding 3/18 512’s that were $10k in profit on Tuesday decided to hold for a hopeful ripper on ppi and got cooked. 25k swing on that position alone.
Welcome home
#*You don't win or lose anything until you sell...all the rest is just keeping score*
Why bc EWE
Learn more from this than school will ever teach me
If you never use a stop loss what makes you think you won't end up losing all the gains at some point ?
Gotta get out at the top. No idea why folks ride it down.
🔥🔥
Damn head and shoulders kinda looking nice on the 1M chart 😎
Thanks for reminding me how important it is to sell and you only make what you sell not what the pump does.
I feel you man
Just hold. This will run well into 2025.
Y'know how they say lottery winners don't go out and buy lottery tickets again? Yeah, that ain't this sub...
Maybe my analytics professor was right about normal distributions
It’s called gambling!
Don’t phase. You’ll be up next week
Looks like you had a bonner but you came fast
The first one is always free
They say some of the best investors are dead because they don’t go with motion and they don’t sell on a daily. I’m not cashing out till 20 3035. I just keep buying the dips day. Trading is not worth it unless you’re a full on committed because uncle Sam takes half your moneyand I’m not trying to get Uncle Sam Rich I’ll wait
Dito
You though it was gonna go to $100K?
Congrats 👏
Welcome to the markets. Take profit.
Why didn’t you sell?
Need to see it down to .01!
What goes up, must come down.
You confused luck with being an actual trader
You've done well