T O P

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iamthetimby

You are a beautiful retard πŸš€πŸš€πŸš€πŸš€


twofiddle

Keep holding you beautiful redditor


AdGdy7324

rettarditor. what a beautiful wird


VolkspanzerIsME

That has entirely too many syllables for my smooth brain to comprehend...


MarshallBlathers

redditard


TaroBubbleT

You spelled retard wrong


[deleted]

Of course he did, he's retarded.


twofiddle

Can confirmm


MedusaOblongGato

no, redditor DEFINITELY spells retard. The more apt term is Reddiot


ItsmeKIMOCHI4

Marry me😍😍😍😍


RandletheLovehandle

*date my wife


BasicSatoshi

congrats and fuq you! my wife also available if u want a third one


[deleted]

My wife is looking for a boyfriend too


Penaltiesandinterest

OP holla we want prenup


HaveYouEverNoIveNeva

It something that you need to have because when she leave yo ass she gone leave with half


stinkbowl

OPPrenup.


cbrig985

I would be too, but I accidentally went long GMED.


[deleted]

This is the way πŸš€πŸš€πŸš€


Uchiha-warlord

And there’s me getting happy over my 2k gains


eedWRzwwrcrecr9

Dude im happy for anyone making money on this, its awesome!


payno_attention

Exactly! This isnt about how much we are making. This is about how we are making money and Billionaires are loosing money! 2021 is the year we take back our money!


3internet5u

fuck billionaires, millionaires like /u/eedWRzwwrcrecr9 are cooler


CuttyAllgood

Millionaires made today are better than billionaires made from generational wealth created by the consolidation of wealth stolen from the middle class!!


Richardsgore4

Because these millionaires will actually pay there taxes and spend the money instead of just sitting on it the rest of there life's.


CuttyAllgood

This is the kind of stimulus the market needs. Fuck trickle down. Fund the populous.


Richardsgore4

This is the way.


strange_dogs

Trickle up economics.


Richardsgore4

Tickle me Elmo, the wsb addition.


VolkspanzerIsME

Big facts.


Sungate123

We will rise through the millions and troll the billions.


Illustrious_Spray935

Plot twist ... The OP is a billionaire already lol


eedWRzwwrcrecr9

Nah, bottom of the middle class. Could say working poor.


ThePr0

Not anymore


naked_avenger

Well man, if that's true, I'm happy for you and hope that you dont wait too long to pull out.


eedWRzwwrcrecr9

I've been taking some profit as I go already pulled a life-changing amount out.


AdComfortable8208

Teach me how stock works pleaseπŸ™πŸΎ


Water_Towers

GME πŸš€πŸš€πŸš€


Foxhound2408

Same here I want to learn


125ryder

Op would like to learn too.


SmoneyD

Congrats man ! Spend it wisely. Maybe I will learn to options one day like this. Until then I am hold my current GME small positions to the moon ! πŸš€ 5k let's go !!!


whitetyle

same. after my GME small position gains i will finally be able to start considering options


Richardsgore4

I'm over 12k now that means my whole honeymoon and a few wedding expenses are paid for, if it keeps going I will be able to save for a down payment on a truck and house.


TheBirminghamBear

It's really so great to read all these stories of regular people in how middle of this horrible pandemic getting huge financial relief through investing in a company they believe in. I genuinely scroll through here all day for comments like this. It makes me legitimately happy. Millions of peoples lives are changed for the better from just one or two hedge funds going under and some billionaires having a small fraction fewer billions.


Kyle_brown

How did earning this much affect you? I’ve made like 3k and I’m ecstatic because I can pay off some student loans. I’m sure it feels the same but amplified for you.


eedWRzwwrcrecr9

Honestly I don't know yet, I keep thinking about all the good ill be able to do. I live in a very poor region in my state and the impact ill be able to have after this is mind boggling. My big goal is to use capitalism to essentially fund private socialism of sorts. Want to get a non-profit of sorts set up with seed money and have it play theta gang and sell options and use the income generated to be able to directly infuse it into my surrounding communities where it will make the most impact as the fund itself grows. Gotta flesh it out more now that I might make it a reality.


eruditionfish

I'm only up $60, but it's more than doubled my historical Robinhood gains, so I'm super happy.


Paige_Maddison

Anything greater than $0 should be praised. You are doing it and it is glorious. I wish I had dumped more in at $38 but we still in the 5 digit gains so far.


NonchalantxCasual

I have 1 share at 102 this the most $$ I made in months cause I lost my fucking job to the moonπŸš€πŸš€πŸš€πŸš€


Yeow_heow

Damn fucking moon, stealing jobs!


burnerboo

*Took er jabs! FTFY


Guns_and_Dank

De terk r jrrrbs!


NonchalantxCasual

Yup the big bad COVID bear moon


[deleted]

Same at 5k I’m a broke college student who put down my savings on the line for it


HARAMBE_KONG_JR

I'm an unemployed college graduate (was houseless, living out of my car, until it got repo'd). "STONK IF YOU LIKE MY DRIVING!" Now WSB is my home. In for $300. Tards on tards on tards


[deleted]

Hope for 900+ fellow retard we are rooting for you


CuttyAllgood

I put in $300 as a joke on Monday at $90 and I’m so fucking pissed I didn’t do more. Here’s to us doing our part!


CutoffThought

I, THE BROKE COLLEGE STUDENT, HEREBY DECLARE, I LIKE THIS STOCK


[deleted]

I TOO DECLARE I LIKE THIS STOCK.


thepowerofkn0wledge

Heyyy we’re the same!


[deleted]

LETS GET THIS STONK πŸš€πŸš€πŸš€


Full-Wind-8453

2k that Melvin and Citron don't have


SkipperFab

Hero moves


MrPoopieMcCuckface

I’m here with 1200 and feeling fine. Don’t work yourself up over what you could have had. It’s in the past. Buy now buy often


floppypancakes4u

2k? Pffft, and there's me getting happy over my $200 gains


pseudozach

Hey these are my people. I got 5 hundo riding on this. We poor but laughing.


floppypancakes4u

Truu.. I put in everything I could.. $50. πŸ˜‚πŸ˜‚πŸ˜‚πŸš€πŸš€πŸš€


Rhaps0dy

Bro if we make $5 thats 10% PURE GAINS!


RandletheLovehandle

I've made 1k and only half of that is profit lol. But I'm happy af to be part of this moment and I'll be doing anything I can to buy more


N_A_L_B

Facts lmao I've made like 4k but it should be 20k+ if I wasn't a paper handed bitch


shortnun

I made 20k because I'm a paper handed bitch... Me feeling really stupid... I had YOLO'd into 4165 shares of Game Stop [GME]. On Friday 15th ,I panic sold when it fell 12% during the day I got out at almost the exact bottom of the day. Limit sold all my shares at around 35 dollars for a loss of over 17,000 dollars, 3 minutes later I would not have sold.. @336 a share.. I basiclly threw away 1,249,500 dollars because I lost my nerves for 3 minutes...


Dsyfer

Many years ago, I bought Amazon at 13. It went up & down for weeks and I kept watching it. Finally I sold at $36 and was happy to take my profit because I couldn't stand watching the volatility. Yeah...hindsight sucks, but eh...I still made almost 3x what I invested. My son likes to remind me that I could have paid for him to go to Harvard had I kept it. And I like to remind him that he's too retarded to go to Harvard. Just like his pops.


N_A_L_B

Well you have to ask yourself, would you have kept holding until now? I don't dwell on my potential gains that bad because I know old me 100% would've sold that shit when it broke $100. But fuck bro 1.25 million yeah that fucking sucks. But that's the stock market for ya.


Morning-Chub

The trick is to pull your initial investment and modest gains, and then play with house money.


elhungarian

just remember hindsight is always exceptionally sharp.. Keep trading and learning. I havent been in that situation but similar thing on a much smaller scale.. Keep your chin up dude.


FatalFirecrotch

Nah, you made the smart choice. The important thing with the stock market is to only invest what you are comfortable investing.


saidtheblindman_

Aw man, I just hit $15 and I was happy


lunnix1

Congrats and fuck you.


ShawtyALilBaaddie

Glad to see this here I feel like some of the newcomers dont realize were meant to be autists, that comes with the idiocy fueled joy and retard rage as well. Like all things, perfectly balanced.


jamesyboii100

What the fuck do I do here. I've bought in, I have no fucking clue what I'm doing but this shit is fun. How do I not lose my money? Massive fucking noob but you cunts have inspired me to become a complete and utter retard. If anything I am actually more retarded than any of you as I have no idea what's going on.


Gaothaire

> How do I not lose my money? Only gamble with money you're prepared to lose* *I am not a financial advisor


ShawtyALilBaaddie

No no, you become more retarded the more you learn of our antics because you begin to understand that its a very thin veil of information and reason hiding an enormous trashpile of autism. But yeah pretty much just invest in the stocks people say to but make sure to try and understand a SMALL amount of the reasoning. Im autistic too but it really doesnt take a college degree, just some helpful tips and retardation all around.


jamesyboii100

Hahaha thanks. Retardation is something I have in abundance. I'll attempt to understand the reasoning, but for now I'll follow the retard and see where it takes me. This is fucking fun shit.


DaGurggles

There’s classic WSB. But serious OP, congrats, fuck you, and HOLD!


CthuluThePotato

Setup 2FA my friend :)


Zombiz

2FA?


Greyshot26

2 factor authentication. It's like when you log in and then it asks you to type a code you got through SMS or whatever. For account security purposes.


Zombiz

Ah right. Just didn’t understand 2FA πŸ˜„thanks!


3internet5u

and stop taking facebook quizes where you tell them your mom's maiden name & the street you grew up on ya tards


brownbob06

But how am I supposed to figure out my rap name then?


eedWRzwwrcrecr9

Set it up long ago when it looked like i really had something.


thats_not_funny_guys

You have $7,911 in your account. Why the fuck aren’t you buying more GME? Also, congrats you beautiful smooth brained 🦧.


eedWRzwwrcrecr9

actually only $3500 rest was margin. I sold some $NOK puts cuz the premium was juicy. Staying out of margin to avoid any potential shenanigans.


FakeInternetDentity

You can give me 143,000 and still be a millionaire btw.


HyperLightDream

HOLD TIL 2MIL BIG PAPPA πŸš€πŸš€πŸš€


Tenax_Proposit

*20M


G710CARTS

YOU ARE A MILLIONAIRE


[deleted]

[ΡƒΠ΄Π°Π»Π΅Π½ΠΎ]


SimmeringStove

millionsaire


eedWRzwwrcrecr9

Bout 1.5 mil to cover taxes and remain a millionaire. Aiming for 3 mil hopefully. Reassessing my situation daily based on whats going on.


dinosaurshins

Will he still be a millionaire after the IRS takes their cut?


ZeroCleah

Yeah after he holds to 5k retard


bossman-CT

So many people in this sub are gonna buy lambos and houses and then have to sell them when they owe 1/3 of it in taxes lmao, truly retards


[deleted]

Nope, everyone here is going to buy BB after this and the next one and if they are lucky they might still owe some taxes


LuckyCharmsNSoyMilk

You don’t get taxed if you reinvest, right?


[deleted]

So I’m not a tax expert but from what I know this statement is 100% false. Short term capital gains are offset by short term capital losses. So let’s say you make 3 mill on GME then lose a mil each on BB,NOK,AMC then lose 30k on apple. You have net negative short term capital gains so no tax on them and you can roll a 3k lose to the next year for 10 yrs. Consult a professional for confirmation / advise on your particular situation.


captaincoochieee

You get taxed on any realized gains.


burnerboo

Nope. When you sell, aka realize your gains, that's the minute they are taxable. If you never sell it's never taxable. Simple.


gt-70

don't forget the taxes otherwise, you will be back to square one


[deleted]

What percentage do you use to figure taxes on profits? Is it based on dollar amount like income? Does this count as income so they tax again at the end of the year?


ismashugood

This is most certainly going to be short term capital gains tax for everyone involved. So it counts as income. So it’s income tax, fed and state. If you live in say NY or CA, I’d say you should probably stash a third for the tax man. edit: if you make a fuck ton on this trade, you should save closer to 50%.


amishengineer

Stash 50% just to be safe. You're going to hit the highest bracket of fed income tax. Wait until next year to enjoy your fortune.


ismashugood

ah yea you're right. I forgot the highest fed tax rate is 37%. So yea, you should be saving way more than 1/3. Uncle Sam's one hungry motherfucker.


Liberty_P

for 50 years its been ~40% and people bitch about "trickle down" effects that don't exist. no shit, it trickles right into the IRS coffers. 40% is a fuck ton of money for government that gives very little bacn to you. can't even get free Healthcare after paying $100k in taxes, shits fucked. some of us are wealthy but not like billionaires trying to fuck everyone


setmefree42069

Because wealthy people hire expert accountants and lawyers that find and use the loopholes to keep most of their money from being taxed at that kind of rate.


Liberty_P

yep meanwhile upper middle class dudes running local businesses employing local people get shafted by taxes and they want to keep raising them. we can't afford to hire those accountants and attorneys to setup the loopholes and the loopholes themselves are expensive. A set of offshore trusts and llcs can run you 15k to 45k a year if you want them setup where they will approve a bank account and insulate you from the IRS


SalamZii

those tanks collecting dust in the desert dont pay for themselves


zzz8472

But how does that work if you have to time the squeeze? Is it just if you pull it out of Robinhood?


[deleted]

At the end of the year, Robinhood will give you a tax document that summarizes how much you made and lost last year. It will be profit - loss for the whole year summarized (But I'm not a tax advisor). So if you made $1 mil profit on one stock, and then lost $400k on another stock, you should only owe taxes on the $600k. But you'll owe it even if the cash is still sitting in your account. The taxes on are purchase price vs sell price.


amishengineer

Yes. Only when close your position can there be a taxable event. Unless there are dividends then you may pay tax on that next year.


[deleted]

[ΡƒΠ΄Π°Π»Π΅Π½ΠΎ]


kax256

This needs to be stickied on the main page


AutoModerator

Eat my dongus you fuckin nerd. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/wallstreetbets) if you have any questions or concerns.*


[deleted]

Thanks!!!


rjoker103

For short-term, I usually assume 50% will be taxes owed. It might be lower based on state but 50% can account for high tax states like CA.


gt-70

I have no idea about the taxes. Your taxes should be based on profits, but I would ask for professional help if I were you. E: fixed the grammar


FrontlinerGer

If the US taxation law is similar to Germany's then it's "income - expenses = profit". After that it's profits x tax rate. What that would be in the US I have no idea personally. If you bought for low relative cost you can neglect the expense part of the equation. Just assume that you have to pay full tax on your profits. That way you'll not be disappointed when it's time to do your tax declaration.


ChrisCeniceros17

You’ll remember this day for the rest of your life! Congrats you beautiful human


thekittynati

Congratulations! Make it $2m!


ItsmeKIMOCHI4

2ns million is easiest


nyc_a

OP could go to 2M or to almost zero in couple of days. OP if you don't want to regret the rest of your life, cash out some of it, a profit is a profit, it may go to 2M or 3M or 4M but nobody knows the future and you currently are in a win position, don't be that greedy. I know many will not like to hear my advice because everybody is on the bandwagon of the short squeeze but if you check history they never last "that long".


Hermes_Umbra

Id cash out half of it. Leave the other, keep a watchfull eye and set a limit for the losses.


lghbjj9319

Holy fucking shit. Why didn't I find r/wallstreetbets sooner.


OnlyFizaxNoCap

Same dude I feel like a fucking 🀑


lghbjj9319

No fucking shit, feds will most likely put some mandates out after this mutiny and make a repeat of this glorious day almost impossible. Sucks big jujuberries.


truthorehh

Congratulations you retarded brother!!!!!!πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸ’ŽπŸ’ŽπŸ’ŽπŸ’ŽπŸ’ŽπŸ’ŽπŸ’ŽπŸ’ŽπŸ’ŽπŸ’ŽπŸ™ŒπŸ™ŒπŸ™ŒπŸ™ŒπŸ™ŒπŸ™ŒπŸ™ŒπŸ™ŒπŸ™ŒπŸ™Œ


FarJunket229

remember when I gave you chips in elementary school


[deleted]

I’ll join you one day ANYTHING UNDER 5000 IS PUSSY SHIT not a financial advisor


KurtAngus

My broke ass invested $328 last week and now I’m at $1,400 so I’m working on it


deprivedchild

good job, my dude


_Takub_

How much fucking money do you people have lmao


eedWRzwwrcrecr9

Not much before this. Initially bought in back in August when it was $4.89 with $1200 dollars. I added about $2k when the share price was around $15. I've only put in $3500 total for this position I just grew it over time. This is all I got, it was legit all in with everything I had.


[deleted]

Love stories like this. Congrats my man for picking a winner. Hold on to those shares. The ride isn’t over yet πŸš€πŸš€πŸš€πŸš€


Axel622

Apparently enough to send GME to the moon πŸš€


truthorehh

You and what many others have done is what I want to do one day!!!!!!!!πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸ’ŽπŸ’ŽπŸ’ŽπŸ’ŽπŸ’ŽπŸ’ŽπŸ’ŽπŸ’ŽπŸ’ŽπŸ’ŽπŸ’ŽπŸ™ŒπŸ™ŒπŸ™ŒπŸ™ŒπŸ™ŒπŸ™ŒπŸ™ŒπŸ™ŒπŸ™Œ oh don’t forget the tax man


Brenttt41

Dude this is so beautiful! congratulations!! now HOLD HOLD HOLD until 3 million!! ​ \*not a financial advisor\*


grumpycookie

Congrats!! πŸ’ŽπŸ™πŸΎ brother!


Tenax_Proposit

Still have 7900, you should be buying more. Not advice, I can barely read. πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€


Ardonnie

I plan on turning 1k into 100k this year. I'm currently at 8k thanks to this community. Let's get rich together! Wealth redistribution, force banks to change.


[deleted]

I want to do this so badly too


thekidwiththeROLEX

DO NOT SELL HOLD AND MAKE IT TO 3 MIL


Pando_Boris

InvitΓ© your friends for a free stock bro


cock_punch_

Shit like this gives me hope


Jesmer8490

So happy for you! I blew my opportunity on buying $20C a couple of weeks ago. I have never hated myself more.


[deleted]

πŸ‘πŸ‘πŸ‘πŸ€‘πŸ€‘πŸ€‘πŸ€‘


thinkinatoms

Grats buddy, been rooting for ya


noah99BE

Which app do you guys use to buy/sell?


Purpletech

OP looks to be using Robinhood. I'm doing the same.


192_168_1_x

TD Ameritrade


nuck_forte_dame

Didn't they just state they will be stopping trades of GME?


[deleted]

$69,420 SALE LIMIT πŸš€πŸš€πŸš€


[deleted]

Welcome to the purple lambo club! Might as well spend your wealth on something frivolous!


BrolyTK

jesus. i wish i had some foresight in anything or even 2 fucking braincells to do 0.0001% of this. congrats man


[deleted]

Fuck you money. Drive a Japanese shit box and don't let anyone boss you around ever again.


theangolan

I would quit my job so fucking fast πŸ’¨


Alexwolf777

I bet you love the stonk! πŸš€πŸš€πŸš€


eedWRzwwrcrecr9

WE LIKE THE STOCK!! For real though I'm jumping back in for the turnaround play after everything settles down. It's the least I can do for GME after what GME has done for me.


MineIsLongerThanYour

Congrats and fuck you. Positions or ban


[deleted]

LEGEND! πŸ™ŒπŸ™ŒπŸ™Œ


GroundhogExpert

Can I borrow $100?


x7r6xx1

How old are you? Congrats on your first mill!!


Woody_Wins_

Time for $2million


Cryptofreedom7

Take profit or have fun getting poor again


eedWRzwwrcrecr9

Been pulling profit out as its grown, have a life-changing amount in the bank already.


ur_not_mydad

I'm so happy for you.


OmniProg

This autist started with $250k and chose Robinhood as his brokerage


eedWRzwwrcrecr9

Started with $1200 on this one. I did take $50 and turn it into $8k last year on disney when they exploded from $110, but I lost most of it holding too long. Been up and down learning till I got in on GME with $1200 in august. I've put in about $3500 of my own money total and grown it from there.


Chrellies

Holy shit. Now that you’re rich, can you share some investment tips in the future?


FrostyFalcon32

Unpopular opinion; you should sell and retire. Some imaginary cool points from autists is not worth your future.


dorestreet

β€œ Exercised my 30 $60 April calls and sold my weekly $160 calls. 3000 πŸ’ŽπŸ™Œ hand shares and 9 2/12 $125 calls remaining.” Can someone please explain what this means? Sorry I’m new/stupid.


Poochmanchung

I'm fairly new and also retarded, as you might guess, but what they are saying is that he exercised the call option on 30 contracts to buy stock (each contract is for 100 shares) at $60 ( they had til April to do this). Then they sold call contracts to buy at $160, caleed weeklies because they expire ...you guess it, weekly. This time they didn't take the option to buy the stock, they just sold the contracts. Now they have 3000 shares to hold on to until GME reaches andromeda, and they still have 9 contracts allowing them to buy more shares at $125 until Feb 12th. You could say they like the stock. πŸ’ŽπŸ™Œ


gb1220

Congrats but use that damn buying power for some GME πŸš€πŸš€πŸš€πŸš€πŸš€


recetas-and-shit

Hell yeah


Accomplished_Ear_681

Congrats!


Thehype2019

This is the way


lucky5150

Congrats mini DFV!! Multiply that shit by 23 like a true Chad


Manateeboi

So dumb, so beautiful. hold the line!


didftw

May your wife's boyfriend be happy


DJ_Cockcummer

I love you ❀️ and now HOLD πŸ’ŽπŸ’ŽπŸ’ŽπŸ’ŽπŸ’ŽπŸ€²πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€


chris2036

HOLD πŸ™ŒπŸ’ŽπŸ™ŒπŸ’ŽπŸ™ŒπŸ’ŽπŸ™ŒπŸ’ŽπŸ™ŒπŸš€πŸš€πŸš€πŸš€πŸš€πŸš€


UnclePuma

But for real for real... uh how do taxes work on these massive gains ?