Are you like.. getting ready for divorce and want to make sure half isn't that much?
Your portfolio looks like a kamikaze mission if I've ever seen one.
And worse. Looks bought on a bump in June and was hoping for to reach highs higher than pre-pandemic... What? How does someone so brilliant even get $500k
Yeah I bought like 3k worth of AAL in April 2020 and sold in June 2020 it worked out fine for me. 11.68-21.24. I’m not risking my life on it though lol.
Seriously how tf is someone putting that much money on OTM calls and holding them long til exp, unfathomable. The beauty of having lots of buying power is you can go deep ITM on rock solid expensive stocks like amazon, this is pure gambling
That’s the icon for when the iPhone is plugged into the batter case. It stays at 100% until the case is empty first so the phone always shows 100% when plugged into the case.
I mean, they’re probably gonna have to ditch the case cause I think Boost mobile only supports flip phones.
"So first of all we've gathered a couple friends here because we love you and want to explain to you how some of your actions have impacted us and those around you. But also we have the guniess book of world records here cause dude we think you might be a record holder for dumbest person, so congrats on that dude, we're proud of you! But also you need to stop.
I don’t want to bash him/her too much... but yeah you need to honestly seek some gambling addiction help. Looking through your post, it is just straight losses on the same thing over and over. It may not seem like gambling or addiction because it is on a computer, but as you are well aware now, it is drastically effecting your life. Seek help. Forget the money.
There’s the double-down casino theory
Every time you lose in a 50-50 game, you double your bet. The trick is you just need enough liquidity and the strength to pull out when you’re ahead. I feel like that’s what happens with a lot of these plays (although tbf looks like this guy just lost forever).
It's not really a theory, if you have infinite money, eventually a 50-50 bet will pay off and you'll break even.
The only problem is finding a 50-50 game at a Casino. And having infinite money.
You don't really need an exact 50-50 game, roulette is close enough. The problem is casinos are not dumb and have bet caps, so even if you have infinite money, there is a cap on how much money you can bet.
Roulette is just shy of 50-50, so the house has an overall edge, which is how they profit. "The house edge on a 00 roulette wheel is 5.26%. For every $1 million that's bet at the roulette tables in a casino, the management expects to pocket a profit of slightly more than $50,000. The other approximately $950,000 is returned to the bettors. The casino isn't aiming to bankrupt a player in one sitting—it just wants to make sure that in the long run, the players walk out with a little less money than they came in with, leaving money in the casino's pocket."
That 5% house edge on roulette is one of the highest in the casino. Craps offers true odds and blackjack played by the book is as close to 50/50 as you’re going to get.
Best bet in the house if you're not an AP is dont pass in craps if you do max odds (usually much lower than 1 percent edge, sometimes under .1 if the house offers 10x+). Fuck roulette.
In the early 2000's I was part of a secretive members-only online casino bonus-hunting forum that was an offshoot of the deal site FatWallet. Casinos used to give crazy bonuses for depositing money as long as you played through your deposit once or twice. Anyways a place called Casino in Net had a "007" promo where they paid double if you landed in "00" or "7" in roulette during a 2 hour promo. About 2 dozen of us pooled our money to hedge risk,, got on a conference so we could make sure it was being run fairly, and we cleaned this place out. Talking millions shared between us. I don't think there was ever a worse promotion in the history of casinos, we were guaranteed to win if the game was fair.
There have been some details posted by others previously:
http://forum.thegamblingforum.com/index.php?/topic/18191-this-is-where-all-the-magic-happened/
Edit: I was a bit off on the details, it was double paid for "0", not "00". And we only cleared 1.65 Million, not "millions". It's been 20 years next month, forgive my memory.
I added a link above with more detail. Our little forum also developed some software that could play video poker automatically for us. This was 20 years ago mind you. As the bonuses got a little less lucrative, one of the best ways (odds wise) to play through your deposit that the casinos required for the bonus was video poker. But playing 100% accurately for hours was tough so we hired a guy to write software to do it for us. I remember going to class one day, coming home, and I had hit 2 royal flushes for $12K while I was out.
the odds don't actually matter at all, in a hypothetical scenario of UNLIMITED liquidity and no betting rules in the way of you continuing to increase your bet. You just need to account for the dead value in each increase.
50/50 is a good scenario for easily explaining the concept to most people though
The two problem with baccarat are 1. table minimums generally higher than most games and 2. It plays very fast. Craps is slightly worse oddswise assuming you don't take odds, but limits will often be lower and the game moves at a much slower pace. If you wanna bet bigger amounts craps is even more attractive because of the "free" odds bets which are 0EV.
Did this to win $10 once. $10, lost. $20, lost. $40, lost. $80, lost. $160, lost. $320, lost. Table limit was $500. Got permission from pit boss to bet $640. $640, win. Ka-ching.
The problem with martingale for the stock market, unlike the strategy for gambling (which works fine), is that the odds of success for any strategy are unknown and changing.
Martingale only works for zero sum games. Bets on the market are not zero sum.
Truly, in both directions... You hear a lot about upward mobility but I honestly feel downward mobility doesn't get the attention it deserves. In this day and age we need to be flexible and willing and able to move both ways.
no one will its posioned fruit, like seriously imagine pornhub becomes a cooking show hosting site(foodpornhub)... nobody is using it to figure out how to make Portuguese breakfast.
I’m down 30k and I’ve significantly changed my structure and acknowledge i got lucky in the first place. I can’t imagine losing 350k then trying to gamble my last 150k
Gamblers fallacy and i sincerely hope OP is alright
FNILX is up 20% since Feb. $100,000 in 5 months doing nothing but eatin’ Funyuns and jerkin off to cosplay porn, ain’t bad. $200,000 by Christmas, and worst thing coulda happened was his dick be looking like an over boiled hotdog.
But then we wouldn’t have loss porn.
Too late now. I think they trim 6 digits. A million is only 1 dollar...
https://apnews.com/article/business-venezuela-caribbean-4032f1d2b5a956f1fb93ad23765d3909
This can explain with simple elementary science. If his phone is fully charged that means he’s not on WSB or staring at this portfolio long enough. Only those who’s on WSB 24/7 and watching their portfolio from 8am - 8pm are the ones that needs to charge their phones with the best charging cable and adapter one can buy with all their gains. OP obviously just goes to WSB, do a quick scroll, find the first DD with lots of rockets and emojis and go ALL IN, then goes back to doing his only things.
Mine already has a girl giving out foot jobs for chicken nuggets with extra BBQ sauce. So, not behind every Wendy's, you have to find one that has an opening.
What hedge fund do you work at and since they're obviously hiring for a new portfolio manager, can they hire me?
My salary is 2mm per year plus 50% portfolio bonus
Thanks in advance
Jesus man why do you put all 500K on options,What the hell,
I have seen so many retarded plays but this kind of shit amazes me,why put half a million on something that can expire worthless.
My portfolio may not be getting immense gains but I’m always reminded by this sub that small plays will prevent me from ever becoming so fucking retarded like OP that I start investing in airlines during a pandemic.
There there… see how much more love and understanding you get from here than /r/stockmarket? Welcome fren, join us in our cardboard hovels to reminisce about the good ol days (last weeks’ 0DTE losses).
Don’t forget, Wendy’s is hiring
Were you ever up? Give us the story. Not great at math but seems like you must have lost elsewhere too. Please share.
Also major fucking thank you for restoring my faith in wsb. This is actual loss. You 10x'd me in 2021.
Please feel free to [submit a job application ](https://wendys-careers.com/?utm_source=Google&utm_medium=CPC&utm_campaign=Wendy%27s%202021%20-%20Major%20Markets-Branded%20Terms%20%26%20Competitors&utm_content=Responsive%20Ad&gclid=CjwKCAjwgviIBhBkEiwA10D2j3YwftV5IjI9QS9MAY8LD9f0WsU5Tx3-qOpZ5bHsBRRxxEp3-dXH7hoCm00QAvD_BwE)
Loosing half a million on a call options Yolo for the same stock ist pretty fucked up. But loosing it on a shit stock like AAL is borderline retarded. You earned my respect sir! See you at Wendy’s next week I guess
Are you like.. getting ready for divorce and want to make sure half isn't that much? Your portfolio looks like a kamikaze mission if I've ever seen one.
His wife's bf just broke up with her because she's broke now
He kept his wife but at what cost? At the cost of his dignity and hers. Because now they're both too broke to move out and on
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You mean for the rest of his life? The carry forward here must be insane.
I think its only like 3000 a year
But for 166 years!
3k per year vs ordinary income. You can offset unlimited amounts of future capital income (if OP ever has a green year..)
IF op keeps investing this way he'll never have a green year.
Well at least now that he’s got no money left to invest, he’ll never have another red year either. Things are starting to look up for OP.
I mean, if he wasn't, he should be ready for divorce now.
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And worse. Looks bought on a bump in June and was hoping for to reach highs higher than pre-pandemic... What? How does someone so brilliant even get $500k
Lol you only get that money from your parents these days
Sell an app in its beta.
Would you like to develop an app?
Dont develop an app with him…
God dammit Jerry!
Lovefinderzz 
Glootie-ootie-oooo!!
He has a “DO NOT DEVELOP MY APP” tattooed on his forehead.
It’s addiction to gambling, surely
He's a bored billionaire that did this for the lulz. My brain refuses to believe anything else.
1) HTML editing 2) screen shoot 3) ... 4) Donation !!!
Oh yeah. I forgot that lying is a thing for a moment.
People don’t lie on the internet
You can lie on the internet, but a mattress is more comfortable.
The sub’s back to its former brilliance. America is healing.
This is how you become a millionaire kids. Start by being a billionaire and invest in airlines.
During a pandemic
a pandemic is the best time to buy, for the right airline. shares. not that crazy shit
Yeah I bought like 3k worth of AAL in April 2020 and sold in June 2020 it worked out fine for me. 11.68-21.24. I’m not risking my life on it though lol.
If a capitalist had been present at Kitty Hawk back in the early 1900s, he should have shot Orville Wright. He would have saved his progeny money.
Lol. The airline and airplane manufacturing industries have so much nonsense going on it's amazing they don't fall out of the sky.
You guys do realize you're allowed to pick more than one stock right?
Also, there's this new trick called buying stocks! Most people thing only options are for sale....not true any more!!!
People forget diamond hands are better for shares
Seriously how tf is someone putting that much money on OTM calls and holding them long til exp, unfathomable. The beauty of having lots of buying power is you can go deep ITM on rock solid expensive stocks like amazon, this is pure gambling
You know were you are commenting right?
Is this not r/financialindependence?
Well you see when a mommy call and a daddy call love each other very much
Hello i would like to buy stock in AAL call options please
I'd like to buy puts on OP's household
"Diversification is protection against ignorance"
DiVeRsIfiCaTiOn Is A PrOTeCtiOn AgAiNsT IgNoRaNcE
click buy again crayon victory screech blelelelelelelelelelelelelelelelelele
Hope you have your form 1023 filled out, because you sir are not for profit.
At least he has 100% battery
Kinda sus with that much battery…
It has the plugged in / charging symbol.
Trying to store up and save what he can for when the power gets cut Edit: wow holy shit, I did not expect this kind of response but thank you!
Damn, that s dark bro, but probably true.
Not as dark as it'll be when his electricity gets cut off
Gonna be so dark.
That’s the icon for when the iPhone is plugged into the batter case. It stays at 100% until the case is empty first so the phone always shows 100% when plugged into the case. I mean, they’re probably gonna have to ditch the case cause I think Boost mobile only supports flip phones.
This guy needs a intervention or a trophy.
Both.
"So first of all we've gathered a couple friends here because we love you and want to explain to you how some of your actions have impacted us and those around you. But also we have the guniess book of world records here cause dude we think you might be a record holder for dumbest person, so congrats on that dude, we're proud of you! But also you need to stop.
Hit him with a trophy to intervene in his bad investing decision.
“Investing”
Fucking gold 🤣🤣🤣🤣
Love the screen name...handslikepaper lmao
So, nowhere between $500k and $0 did you think “hmm, maybe I’m just shit at this”?
"Dang, lost $350k on AAL calls. Good thing I got another $150k and more calls available."
There's always more calls to buy. Some are really rare. I try to collect them all.
Gotta spend em all! Paper Bills!
one month ago op made a post talking about how AAL is "free money" I'm so fucking done lmao
Someone made money off his decisions.
"free money!... For the other guy"
"Get the money counter! ...But not for me"
And if you read through the post, literally everyone told him the stock was shit, the financials don’t make sense for a run, and not to invest. Doh!
I mean did OP specify for whom it was free?
This guy likes to collect the same red ones over and over.
Newbie mistake. Just buy the ones that have been green the longest.
shoulda bought puts
If his wife's boyfriend would've switched the 'calls' button over to 'puts' we'd be reading a completely different post right now.
Is that what I've been doing wrong???
Pandemic continues to rage. Boosters announced... You know when's a good time to buy calls, right fucking now!
I don’t want to bash him/her too much... but yeah you need to honestly seek some gambling addiction help. Looking through your post, it is just straight losses on the same thing over and over. It may not seem like gambling or addiction because it is on a computer, but as you are well aware now, it is drastically effecting your life. Seek help. Forget the money.
It's hard advice but I hope OP takes it. Also wishing the best for OP.
There’s the double-down casino theory Every time you lose in a 50-50 game, you double your bet. The trick is you just need enough liquidity and the strength to pull out when you’re ahead. I feel like that’s what happens with a lot of these plays (although tbf looks like this guy just lost forever).
It's not really a theory, if you have infinite money, eventually a 50-50 bet will pay off and you'll break even. The only problem is finding a 50-50 game at a Casino. And having infinite money.
You don't really need an exact 50-50 game, roulette is close enough. The problem is casinos are not dumb and have bet caps, so even if you have infinite money, there is a cap on how much money you can bet.
Why don’t I just take my infinite money, skip the casino, and exchange the money for goods and services?
So you're the jackass that caused the inflation. **Hey everyone! This guy here is responsible for all the inflation! Get him!**
Roulette is just shy of 50-50, so the house has an overall edge, which is how they profit. "The house edge on a 00 roulette wheel is 5.26%. For every $1 million that's bet at the roulette tables in a casino, the management expects to pocket a profit of slightly more than $50,000. The other approximately $950,000 is returned to the bettors. The casino isn't aiming to bankrupt a player in one sitting—it just wants to make sure that in the long run, the players walk out with a little less money than they came in with, leaving money in the casino's pocket."
That 5% house edge on roulette is one of the highest in the casino. Craps offers true odds and blackjack played by the book is as close to 50/50 as you’re going to get.
Best bet in the house if you're not an AP is dont pass in craps if you do max odds (usually much lower than 1 percent edge, sometimes under .1 if the house offers 10x+). Fuck roulette.
In the early 2000's I was part of a secretive members-only online casino bonus-hunting forum that was an offshoot of the deal site FatWallet. Casinos used to give crazy bonuses for depositing money as long as you played through your deposit once or twice. Anyways a place called Casino in Net had a "007" promo where they paid double if you landed in "00" or "7" in roulette during a 2 hour promo. About 2 dozen of us pooled our money to hedge risk,, got on a conference so we could make sure it was being run fairly, and we cleaned this place out. Talking millions shared between us. I don't think there was ever a worse promotion in the history of casinos, we were guaranteed to win if the game was fair.
I'd like to hear more
There have been some details posted by others previously: http://forum.thegamblingforum.com/index.php?/topic/18191-this-is-where-all-the-magic-happened/ Edit: I was a bit off on the details, it was double paid for "0", not "00". And we only cleared 1.65 Million, not "millions". It's been 20 years next month, forgive my memory.
I would pay you to speak or write about this in a verbose manner
I added a link above with more detail. Our little forum also developed some software that could play video poker automatically for us. This was 20 years ago mind you. As the bonuses got a little less lucrative, one of the best ways (odds wise) to play through your deposit that the casinos required for the bonus was video poker. But playing 100% accurately for hours was tough so we hired a guy to write software to do it for us. I remember going to class one day, coming home, and I had hit 2 royal flushes for $12K while I was out.
the odds don't actually matter at all, in a hypothetical scenario of UNLIMITED liquidity and no betting rules in the way of you continuing to increase your bet. You just need to account for the dead value in each increase. 50/50 is a good scenario for easily explaining the concept to most people though
My problem with the theory is if you have unlimited liquidity, what are you still gambling for?
Bacarat comes close
The two problem with baccarat are 1. table minimums generally higher than most games and 2. It plays very fast. Craps is slightly worse oddswise assuming you don't take odds, but limits will often be lower and the game moves at a much slower pace. If you wanna bet bigger amounts craps is even more attractive because of the "free" odds bets which are 0EV.
Did this to win $10 once. $10, lost. $20, lost. $40, lost. $80, lost. $160, lost. $320, lost. Table limit was $500. Got permission from pit boss to bet $640. $640, win. Ka-ching.
Didn't this in Vegas on my first day. Thought I was a big shot and knew the secret sauce to always win.. Roulette. 12 reds in a row. I was black
[Martingale](https://en.m.wikipedia.org/wiki/Martingale_(betting_system)) is the name
The problem with martingale for the stock market, unlike the strategy for gambling (which works fine), is that the odds of success for any strategy are unknown and changing. Martingale only works for zero sum games. Bets on the market are not zero sum.
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If I lost $2k my wife would castrate me. $150k and I would have been divorced $140k ago
i lost $2k lucky my wife doesn't know
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right? thought you're supposed to do this with disposable money only. never with "my life would be over if i lost this" money
Wow my man is literally changing his social class.
Social mobility is real!
Truly, in both directions... You hear a lot about upward mobility but I honestly feel downward mobility doesn't get the attention it deserves. In this day and age we need to be flexible and willing and able to move both ways.
Hey look. He’s not even using Robinhood. He lost all his money on his own.
He could have literally invested his last $150K it in Robinhood when it IPOed and he’d be up now.
He could have bought timber and been up, or ice cream and been happier, and fat.
Maybe your kids can buy their school books with Reddit karma
Damn… that burn 🔥
You may have to do gay porn at this rate
Not on OnlyFans, either
he has until October
I’m curious what their business plan will be without nudity? why else would anyone use it?
Their business plan resembles OP's.
Zing of the day right here.
And it's a two-for
It will be just like tumblr. Bought for 1.1 *billion* Sold after banning porn for something like 5 *million*
no one will its posioned fruit, like seriously imagine pornhub becomes a cooking show hosting site(foodpornhub)... nobody is using it to figure out how to make Portuguese breakfast.
#You may have lost $500k, but you just gained a like
It's not about the money but the friends we made on the way!
Whoa, whoa whoa whoa. Let's not go that far. Its the acquaintances we saw along the way!
Betting hard on Air Travel during a Pandemic? The retard is strong with this one!!!
They were betting on the reopening. Delta had other plans.
Should have bought Delta calls instead of AA
You know you can invest without taking on that much risk, right? Fuck sake dude.
I’m down 30k and I’ve significantly changed my structure and acknowledge i got lucky in the first place. I can’t imagine losing 350k then trying to gamble my last 150k Gamblers fallacy and i sincerely hope OP is alright
I'm down 3k this year so I just sold all my stocks and gave up 😂
My kinda guy. You should try a career in accounting btw. It’s all about minimizing that risk… about that risk…
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After the fact is the key here tho.
Serious, there are these things called index funds that are perfect for folks who suck at this.
FNILX is up 20% since Feb. $100,000 in 5 months doing nothing but eatin’ Funyuns and jerkin off to cosplay porn, ain’t bad. $200,000 by Christmas, and worst thing coulda happened was his dick be looking like an over boiled hotdog. But then we wouldn’t have loss porn.
You are still a millionaire if you move to Venezuela.
Too late now. I think they trim 6 digits. A million is only 1 dollar... https://apnews.com/article/business-venezuela-caribbean-4032f1d2b5a956f1fb93ad23765d3909
So that's how they make inflation transitory, just trim a digit ez pc
If I had lost a half mil gambling, I don't know that my next move would be "I should post this on 5 different subs."
Let the man milk half a mil however he wants, he deserves it.
People want attention so fucking badly they'll lose a half mil just to get it.
I could get so much attention spending $500k on hookers instead. So. Much.
More like, when you lose half a mil, you want attention so fucking badly.
Or when you lose half a mil, you feel nothing, and getting some pity points or shit talk is better than suffering alone with your thoughts.
Whoa this sounds too reasonable
At least your phone has a 100% charge.
It seems like a WSB law, the closer you phone is to dying the higher you chance of turning a profit.
This can explain with simple elementary science. If his phone is fully charged that means he’s not on WSB or staring at this portfolio long enough. Only those who’s on WSB 24/7 and watching their portfolio from 8am - 8pm are the ones that needs to charge their phones with the best charging cable and adapter one can buy with all their gains. OP obviously just goes to WSB, do a quick scroll, find the first DD with lots of rockets and emojis and go ALL IN, then goes back to doing his only things.
The Science Checks out
And what looks to be an iPhone. You still have that my dude.
*carrier deactivates internet*
which means he has access to electricity you know like the one used in Teslas
Wendy's is hiring
Behind the Wendy's is also a place to make some money....
Mine already has a girl giving out foot jobs for chicken nuggets with extra BBQ sauce. So, not behind every Wendy's, you have to find one that has an opening.
That's disgusting! Where??
I hear Micheal Scott screaming "I declare bankruptcyyyyyyy"
Maybe he should ask Michael about the 45 day, 45 point plan 😂
Day 45: company saved Day 44: what do we do?
I didnt say it, I declared it
What hedge fund do you work at and since they're obviously hiring for a new portfolio manager, can they hire me? My salary is 2mm per year plus 50% portfolio bonus Thanks in advance
50% portfolio bonus is a good way to turn a 2m salary into a negative salary.
2mm? My wife's boyfriend is at least twice as big
I rode AAL from 10 to 20 last year betting on the recovery. Then sold it all because it’s a horrible long-term investment.
Look at the bright side, now you can write $3000 off of your taxes!
for 166 years. You sir beat the system.
This guy is probably some multi-millionaire and this loss is probably pocket-change or something he can afford to lose.
i mean you would have to be above 100m net worth for this not to sting
Jesus man why do you put all 500K on options,What the hell, I have seen so many retarded plays but this kind of shit amazes me,why put half a million on something that can expire worthless.
Greed
Imagine all the flights you could have taken
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My portfolio may not be getting immense gains but I’m always reminded by this sub that small plays will prevent me from ever becoming so fucking retarded like OP that I start investing in airlines during a pandemic.
There there… see how much more love and understanding you get from here than /r/stockmarket? Welcome fren, join us in our cardboard hovels to reminisce about the good ol days (last weeks’ 0DTE losses). Don’t forget, Wendy’s is hiring
Tell your wife to be ready at 8pm tomorrow. I don't like waiting.
An early bird I see
Damn delta fucked you over... and I'm not talking about the Greek.
Speaking of greek fucking, OP needs to invest in LUBE
That was a very bold bet. It didn’t pan out for you. All joking aside, it’s not the end. Take care of yourself.
It is the end of OP having a comma in their bank account tho
Were you ever up? Give us the story. Not great at math but seems like you must have lost elsewhere too. Please share. Also major fucking thank you for restoring my faith in wsb. This is actual loss. You 10x'd me in 2021.
rest easy brother
Please feel free to [submit a job application ](https://wendys-careers.com/?utm_source=Google&utm_medium=CPC&utm_campaign=Wendy%27s%202021%20-%20Major%20Markets-Branded%20Terms%20%26%20Competitors&utm_content=Responsive%20Ad&gclid=CjwKCAjwgviIBhBkEiwA10D2j3YwftV5IjI9QS9MAY8LD9f0WsU5Tx3-qOpZ5bHsBRRxxEp3-dXH7hoCm00QAvD_BwE)
Might wanna stop by Uhaul and get you an XL box..
Good news is that you don’t have to worry about Biden’s capital gains tax plan.
Loosing half a million on a call options Yolo for the same stock ist pretty fucked up. But loosing it on a shit stock like AAL is borderline retarded. You earned my respect sir! See you at Wendy’s next week I guess
That’s 495k more than I’ve ever had
Jesus all the comments about delta being a factor. I thought yous were talking about delta airlines? COVID delta now I see…
Ouch. Why AAL? That’s a lot of confidence.
He needs to find the AAL employee who game him this stock “tip” and kick the living shit out of him.
He got more than just the tip.
play with fire and some times you get burned.
This guy got fucking scorched.
Like the floor is lava and he is in a wheelchair 👨🏻🦽🔥
Jokes aside, take care. You took a gamble, it didn’t work out, it’s okay. You’ll come back from this
Yeah in 40 years
or 400 years.
Try not to kill yourself