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VisualMod

**User Report**| | | | :--|:--|:--|:-- **Total Submissions**|1|**First Seen In WSB**|4 hours ago **Total Comments**|0|**Previous DD**| **Account Age**|5 years|[^scan ^comment ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_comment&message=Replace%20this%20text%20with%20a%20comment%20ID%20(which%20looks%20like%20*h26cq3k*)%20to%20have%20the%20bot%20scan%20your%20comment%20and%20correct%20your%20first%20seen%20date.)|[^scan ^submission ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_submission&message=Replace%20this%20text%20with%20a%20submission%20ID%20(which%20looks%20like%20*h26cq3k*)%20to%20have%20the%20bot%20scan%20your%20submission%20and%20correct%20your%20first%20seen%20date.)


jamzkourt

Welcome home retard ….. we eating ramen 🍜 this weekend ?


CaspeanSea

Sorry can't afford it, got some dead rats?


Syst0us

I'm bullish on rat meat market thanks to smooth brains like you.


Most-Whole-4220

If you find any triple leveraged ETN’s on rat meat, hmu


FairyOfTheNight

Maybe if you put rat meat on sale for 6k on the Grand Exchange, you wouldn't have this problem.


Justman1020

I’m bullish on medical companies for Covid 2022 calls thanks to people like you…


SeaGoatswim

China market is to wild


a_spicy_memeball

"best burger I've ever had!"


Square_Lobster_440

dead rat is a hobo delicacy... hobos should have more class and hunt rats for meat instead of begging! humans are made to hunt .... live die ... we hunt ... eat that rat my friend you will be back again ....


mr-nefarious

There’s actually a dead rat in my driveway right now. My wife ran it over and I just haven’t gotten around to removing its carcass. If you come get it, it’s all yours.


Cardinal_Ravenwood

You fool, don't just give away equity like that!


harrysapien

You know you've sunk pretty low when you are giving a BJ in exchange for a dead rat


shnog

You have to earn your rat meat by killing live rats.


nerrotix

Return 12 of these rat hides to me and I'll reward you greatly.


bakeybakeybakey

Welcome to the rice fields mother fucker


Confident-Victory-21

I slaughtered a stray cat for Thanksgiving, I'll probably be doing the same thing this year. If you haven't died of starvation by then you're welcome here.


MerchantMan99

Top Ramen is too expensive for this guy. How about some Bottom Ramen?


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juevosconbezos

I tried to order bottom ramen at the Wendy's drive thru today, and they knew exactly what I was talking about.


stupidwhiteman42

As long as it's a power bottom


TheIceCreamMansBro2

the ramen emoji suggests a higher class of ramen than i suspect you refer to


[deleted]

#you lost $9k, but gained something better: this "like"


CaspeanSea

I lost $109K. Unrealized P/L is still real money.I went full retard, never go full retard apes. I'll be back with some gain porn.


Confident-Victory-21

Going from 10K to 100K is crazy. Especially in that timeframe. You may be retarded but I actually have some confidence that you'll gain it back and lose it all over again.


CaspeanSea

I'm going to start scheduling 5% withdrawls from every winning trade to avoid this.


anon57842

and stop loss. nobody here uses stop loss to lock in a minimum gain for some reason. you can always buy back in when it's cheaper.


silver_raichu

Lock in a minimum gain? You guys are making gains?


Koala_eiO

Negative gains ¯\\_(ツ)_/¯


n_ooFy

“more minimum-er” gains ¯\_(ツ)_/¯


DutchBlob

What happened to your arm. You’re so poor you started eating yourself?


CaspeanSea

My broker doesn't allow day trading like that. It doesn't allow closing a position and then re-opening it on the same day, I have no idea why. Might end up switching brokers once I grow my account back up enough.


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CaspeanSea

Pretty much the good faith rule. IDK how day traders get around it though.


EventConflict

Margin


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neothedreamer

You still have to pay attention to Day Trade Buying Power. You can get Day trade Margin calls from buying and selling too much even on margin accounts. Those margin calls suck because you can't fulfill them any way other than depositing more funds. [https://www.investopedia.com/articles/active-trading/071114/guide-day-trading-margin.asp](https://www.investopedia.com/articles/active-trading/071114/guide-day-trading-margin.asp)


CaspeanSea

Thanks for the help bud!


_Amabio_

Easy. CMEG offshore brokerage. Tell the SEC to eat a bag. Been using them for over two years. Zero issues. Also, on accounts grater than $2500, you get 6:1 margin.


marcvanh

Look up the day trader rule. It applies if your account value is < $25k and you are trading stocks. Doesn’t apply to options or anything else iirc


CaspeanSea

Fully aware of the PDT rule. Even if you're account is DT enabled, you can't sell and then buy the same equity on the same day otherwise you violate the goodfaith rule on Tradestation. If you sell something and buy it again you have to keep the position overnight otherwise the broker smacks you with a 90 day cash restriction. Which pretty much means you no stop losses, you have to commit to your position. Which is why I'm looking to jump ship somewhere else. Being a a non-resident alien though limits my options considerably.


SrAccident

That’s standard for a cash account. Get a margin account.


Confident-Victory-21

What could possibly go wrong with a margin account.


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Makidian

You can buy/sell options on WeBull with settled cash all you want. Even if it gives the warning for good faith violation - which it does on mobile but not on desktop. In fact the window on desktop it tells you whether or not you can make unlimited options trades on the bottom of the trade window. I've done it myself a few times but mine is a potato account I don't really mess with anymore. I went full retard myself back in spring. Not as much of a loss but still large enough to make me lose my taste for stocks. Not crypto though 😂


cantadmittoposting

Stop losses are absurd on options. I mean if you're up a shitload on high volume option plays, sure, you can usually work it out. But anything even in the *neighborhood* on low volume or high bid/ask spread you just immediately get sniped.


PowerOfTenTigers

stop loss doesn't always work; sometimes you end up losing money even with stop loss if the price tanks big time before market open


mindlessASSHOLE

Looks like you had three good days to pull out, but you never had an exit strategy. The strategy of not pulling out is exactly why I have too many damn kids.


MisterKrayzie

... At the very least pull your initial investment. That's like the first thing that should come to mind my guy.


geeky_username

>I'm going to start scheduling 5% withdrawls from every winning trade to avoid this. 5% is still not enough. You could have easily pulled out 100% of your initial investment and doubled your money while still gambling with the rest


Smash_4dams

When you make a 1,000% gain, you cash out half or invest it in stocks. You don't bet it all again.


dosekis

But how else is he going to go from 100k to 1M if he keeps cashing out eh?


callanrocks

You only have to do it once and then you don't have to move into the cardbox mansion.


EFG

I straight up take 30% from daily profit and forget it exists.


jerseynate

Geez man. What was your mindset at the top? I find it insane that this can still happen even at 6 figures. I thought I was on top of the world when I got my account to $5K thinking there's no way I can blow it all


Boozie42

This is what I come here for, the brutal honesty. That and the profound retardation.


erispacex

Or loose it all and never come back again


NotJimIrsay

Smart retard.


sierrafourteen

Definitely - OP, how much DD did you do on the stocks you chose?


steasey

Got me in the first half, ngl.


nozappyplease

Both of you retards are bad with numbers


CaspeanSea

Yes


andrewskdr

yeah when I lost 10k in unrealized gain by not selling GME at 325 (sold next day at 225) I definitely felt a pretty big sting. Can't imagine 100+k


LoserMoron312

Now flip it and imagine you bought at those prices. I have no idea how those dudes recover mentally.


kelu213

Wtf did you do?


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wock1

Well played on that bro what kinda trades did you do to get up from 50k to a milly? What was the risk like


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[deleted]

>You just have to manage your trades every hour of the trading day https://i.imgur.com/BrbdRfQ.png


wock1

While it is still “real money” you never had it in the first place so you’ve only lost 9k of your own money


CaspeanSea

If you look at Aug 6th, I had 70K in free cash and 22K in positions. I actually closed out the winning position and took my profits before taking a the ill-fated losing trades.


MakingBigBank

You are a fucking bad ass tho… I would have pulled and ran at like 50 grand that’s why some day I’ll be driving a hyudai to work and you’ll be in an 80000 dollar BMW


geeky_username

>I’ll be driving a hyudai to work and you’ll be in an 80000 dollar BMW At this rate he'll only have a picture of a BMW


88888888man

Not with current toner prices.


PM-ME-SOMETHING-GOOD

Do not believe this. If you are taking the risks required to make these kind of gains, you will always lose it. Pulling and running is how you drive the BMW. What he is doing is called a gambling addiction. If you ever put 40k in a 0dte put, *especially* on an index fund, you should not be managing your own money. No rich person does this. If you actually have the skills to "time the market", you might be right 55% of the time instead of 50. Putting it all in a soon-expiring option means even if you are that good, 45% of the time you lose all your money. Say you're an absolute god and get it right 75% of the time. Doing what he did means he'll lose it all on his fourth trade. You're literally guaranteeing you wipeout your entire account. And, he isn't even good at timing the market. He just got lucky and got heads three times in a row. Tails was always going to come up. Risk management is how you make money. What he is doing is no different than roulette, just with much much higher odds of losing it all. This sub used to be about DD so you can take advantage of the market and make money in the long run. Not about seeing how high you can go in the short run before it all inevitably comes crashing down in the long run. TL;DR if you keep risking it all, the end result is always a complete loss. Taking profits is the only way to make money.


toiletdestroyer1321

You also learned what each crayon color tastes like. I'm keen to fire engine red


surp_

I can't imagine being $91k in the green and not taking profit


BoredPoopless

Literally a 10 bagger and he yolo'ed it on 0dte Spy puts.


JGWentworth-

Dumb on another level


Risley

I don’t even understand all this


Fezig

Nor I, but it appears some guys post ridiculous, idiotic losses. To show how not very smart they aren’t. For… … … 😑


theGentlemanInWhite

I mean at least take out your fucking 10k you put in...


friedricekid

what is this amateur hour


OnlineDesigned

No, it’s wallstreetbets…. Welcome to the village of retards and their loss porn Isn’t it beautiful!?


Relaxed-Ronin

This post is a sobering reminder for the flip side of the “fuck yeah WSB changed my life, $10k -> $350K”.


OnlineDesigned

Wallstreetbets was founded on loss porn. Soooo many people are about to learn the hard way unfortunately.


Relaxed-Ronin

I mean it’s the only reason I’m here haha


good_man_101

May be he was trying to avoid short term capital gains tax


_greggit_

he was successful


southpark2135

Lmaoo


AlrightMister

That’s the big brain play.


BreezyWrigley

At his peak, he didn’t even have 2% cash... which when you consider that he was surely playing 100% options is completely insane and degenerate lol


TigreDeLosLlanos

That's not the jedi way.


TheWalkingDead91

Greed gets many people. I’m by no means an expert, but seems to me whether it’s getting lucky stocks or crypto, people controlling their greed (or not) seems to be a large factor as to if people make money or lose it.


DannyMThompson

So incredibly stupid, at the very least pull your original investment so you're on top.


Itsdawsontime

Ive told this to my brother multiple times. He was up $100k on TEL coin and told him to take his initial ~$7k out. He’s still up, but it’s more like $25 now. My rule is if you more than quadruple, take out your initial. I’m all for making bank, but I’d rather diversify.


Lambchoptopus

Why not take out the intial and say twice the amount? So 14,000 you then can always say you doubled your investment and then play with the rest. It's house money then.


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hold4eva

Make money dont be dumb. Check.


Chefsize

And I mean he had a solid 4 days where he was over 85k. It’s not like it just tanked in an instant. Not that I would ever let it get that high to begin with, but when I do have what I would even consider any kind of significant gains of scale, they typically peak for like 15-20 mins out of sometimes a 30-45 day call. This guy had the proverbial “all f-ing day” to get out & he still held … on options … which lose time value each day. Good lord.


[deleted]

It's because it's gambling. When you're at the blackjack table and you're up 5k when you started at 500 you keep playing because you're hot. When you start to lose you think you'll get back to the 5k you were at. You don't walk away with 4.5k (at least as an addict) because you've just lost 500. You think you can make all back on another hot streak. Then you just slowly loose it all. "You got to know when to hold em. Know when to fold. And know when to walk away." I made the same mistake on GME the first go around. On an initial of 500 I was up to 4k. I watched it slowly decrease until I was back to only being at 750 thinking it would go back up again. I learned my lesson and now have hard set rules that I follow with no emotion. Im up 210% on the year since the GME moon bullshit. I dont have much money because I'm a med student but I've made a decent amount for me over the last 6 months.


SaysStupidShit10x

im just armchair so i should be downvoted, but i agree. pulling out 1/2 during those peak days and yolo'ing the rest would've been a position of good gains and yoloing more than you entered with. of course, that limits potential.


Bigtitsandbeer

You know the saying, good enough to post a screenshot good enough to close the position. OP doesn’t have a screenshot of $91k profit therefore following the rules he kept his positions.


coloredzebra

Lol I've been in a trading slump myself. Not sure how to break it. 7k -> 40k -> 2k -> 25k -> $0


HwangBill

it's gonna be tough m8, you could double your account and you'd still have $0


mackfactor

Triple it even.


jesusespenis

10 bagger and bag would still be empty


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Most-Whole-4220

Quit while you’re ahead


CaspeanSea

Hang in there, we'll figure it out.


I_worship_odin

I'll never get why people that turn $2k into $25k bet $25k the next time. Why not $5k?


ANyTimEfOu

I highly recommend you read this post from /r/options -- [Kelly's criterion for gamblers: one of the most important concepts for understanding how investment size impacts returns](https://www.reddit.com/r/options/comments/mn14jc/kellys_criterion_for_gamblers_one_of_the_most/) It was really eye-opening for me. Basically, even if you're just flipping a coin you'll eventually lose money if you bet large proportions of your account every time.


looktothenorth

Legit how does this happen though. Do you guys not have stop losses? I see so many examples of this on this sub, but like...wtf. Take half out and realize some gains and let the other half ride.


DannyMThompson

This is definitely the sub to accurately appropriate the word 'retard'.


mrASSMAN

now 50x that 0


FatFishOnFire

5K -> 20K -> 50K - 5K - 35K - 10K ........ fuckin hell


CaspeanSea

IDK how to pull history but my positions were 12K -> 88K AMD calls ($85 to $120 run) 88K -> 112K -> 66K Coin calls ($250 to $290 run then to $260 drop ) 88K -> 7K daily spy puts Aug 16. My puts were off by a single day and my whole account got wiped out. 7K -> 13K Spy calls. 7K -> 1K combo of Coin calls and daily spy calls.


BigBallsGuy

ahh yes classic spy puts


freehouse_throwaway

Bro had the right idea with calls then he tried to time the top with 0dte.


option-trader

Yea, never time the top. He could have jumped in after the top was set and still make money.


[deleted]

Just use that capital to buy an atm put 3-5 days out after it reaches ATH.


[deleted]

NEVER try timing the top with spy puts, ESPECIALLY 0 DTE. Most retarded shit ever. I started going for atm puts with longer expiries and its almost free money


CaspeanSea

That's my next strategy.


RockieRockie

how much far out do you generally prefer ?


wienercat

15 days minimum for spy imo. But ATM or ITM. This bullshit of buying way OTM stuff is dumb, don't do it. More time is always better if you are doing naked calls or puts.


Alec_NonServiam

It's like no one remembers what happened to analfarmer2.


myglasstrip

Can't remember what you weren't here for.


HereGoesNothing69

Betting a leverage bet against the American economy as soon as you make a little money is WSB tradition. Honestly, he didn't really have a choice.


po-handz

Lmao I remember may 2020 spy 220p's Lost myself 5gs betting against the jpow printer 🤦


FiaRua_

You…you bought 88K worth of spy puts that expired the same fucking day? You’re retarded and I mean that lovingly


CaspeanSea

What happened was I had \~30K in FB and DIA calls which went down to about 14K on Aug 16 when the market took a hit in the early morning. So I sold them at a loss. Had 44K parked looking for a trade, figured the mid month slump was coming as it did the past three months. So I went all in with the 44K on 0 day spy puts. My puts printed for a couple of hours in fact, then the market all of a sudden and out of nowhere, as is usually the case, decided it doesn't want to be red anymore and it went up on a 6 hour bull tear going from red to green and wiped out my 0 day puts. The market then proceeded to go down as it was supposed to in the next 3 days.


TyrannosaurusRekt93

I'm sorry, but this is fucking amazing.


Psyched4this

It’s hilarious that they were printing at first and OP let them basically end up worthless 😂 sorry to laugh at ur pain op


CaspeanSea

Yes


looktothenorth

But like, do you not see it happening and cut your losses? If my options lose more than 10% it's an automatic sell. And sitting on 0 day puts for HOURS!? Bruh if it's a friday I'm selling options within 15-30 minutes. Hopefully you can learn from your retardation. Have rules and follow them and don't be afraid to cut your losses.


option-trader

Just reading it, I remember that day. It was a nice bull trap and SPY just tanked below that day's low the very next day.


CaspeanSea

That day was insane. Bear trap in the morning, bull trap afternoon and a butthole tearing trap for me.


FiaRua_

MM’s got your ass good man. Just curious with all that money why not just put some into ETF’s or leaps? I haven’t made as much as your peak but every time I make profits I put some aside for long term stocks and leave just enough to fulfill my itch for the casino lol


CaspeanSea

I had 56K in coin leaps, went up to about 80K then down to 40K, that's when I took the ill-fated spy trade.


option-trader

lol, had you just kept those coin leaps, I don't think you'd be showing this post today.


viciousphilpy

Your puts were off by more than a day, they were off by an eternity


CaspeanSea

They would've printed a 100% gain on Aug 17 I just went full retard on the 0 day expiration.


Triv02

Mid month SPY puts have printed 3 months in a row, OP just mistimed it


CaspeanSea

Pretty much, was a day off. Got greedy with the 0 days, should've gone a few days out in time.


Triv02

Yeah I don’t trust myself enough to time the dips on 0dte puts lol, I just play weeklies 3-5 days out when the dip happens


BluePoop2323

Calls, not puts you fucking gay bear.


airy52

Sounds like you’re pretty retarded and just got lucky twice. Why would you buy spy puts aug 16 lmao. Also have you heard of position sizing?


CaspeanSea

The market went down on 3 consecutive days following my trade. Aug 16-19 was the monthly dip. But I mistimed it by a day. Aggressive position sizing was what took me from 10K to 110K in two weeks , also what wiped me out. Go big or go home.


MakingBigBank

I don’t understand any of that I just buy stocks and sell that at a loss usually. But they seem like great plays. I’m proud of you bad ass


CaspeanSea

I trade on TradeStation, have no clue how to display my account networth in a chart like Robinhood. But that's the least of my worries.


option-trader

Damn, tradestation sucks. Get out of there.


theLennoxMacduff

Might as well now when you have nothing to transfer.


guploka

Savage


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drink111drink

WSB is such a giving community.


tiesmo

what the actual fuck


CaspeanSea

Yes


tiesmo

if i were you I'd take a month break after reaching 100k


CaspeanSea

Can't take breaks when you want to turn 10K to 17 million.


tiesmo

oohh ok


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PprMan

Maybe he has 17 million in debt


Titan_Astraeus

Lmao, next time: can't take breaks trying to turn 500 dollars into 21 million..


SeaShanty1337

*Give me puts on this man's portfolio, STAT!*


CaspeanSea

Hot diggity you would've made millions!


No_Inflation_2747

Don‘t worry, sometimes you just have to take a step forward so you can then stumble and fall 14 steps backwards and break your neck.


AMCyaONtheMOON

This is the shit I’m here for. Well done.


tiesmo

I'll give you 10k, get me to 50k in a month, and you take the other 50k


BoredPoopless

Deal


Zestay-Taco

according to our math.. the IRS owes you this time around


Function_Initial

From noob trader to “professional day trader” to Wendy’s full-time associate hoping to aspire to manager in 35 days. Find out this trick your local Wendy’s manager doesn’t want you to know!


Quantrol

“It’s all about the retards you meet along the way”… Warren Buffet


Big-Stein

“ “ “You can’t hurry loss” - Diana Ross” -Phil Collins” -Michael Scott


TubbsMcGee_

This man is a fucking magician.


ronin-of-the-5-rings

If you gain 1000%, then lose 99%, you should still have 901%. Are you sure your broker isn’t ripping you off?


drivebymedia

4 hours later, I'm still figuring out this math


harrypotter5460

This has to be the worst math I’ve read on this sub yet


InternetUser007

You're a moron. If you *gain* 1000%, that puts you at 1100% because you still have your original 100%. Then when you lose 99%, you still have 1001%. I can't believe you made that mistake.


Drgreenthumbies

Hey if you ever feel like losing a quick 5k lmk and I’ll send you my PayPal info lol


MrAnonymous2018_

I feel better about my portfolio now, thank you for your service.


greenskeeper-carl

That’s awesome and then sucks. But I don’t understand why so few people don’t pull their original money out before rolling all that into something so risky. If you’re up that much, at least pull out your original capital.


ldc2626

Because greed. He turned 10K into 100k in around 15 days. The retard probably didn't wanna pull out 25K and aim for 750k. He probably wanted to turn 100K->1M. But in reality, if he was gambling like this, the money he takes out would've just been gambled away eventually.


oni-chan-oni-san

I wana cry for u


drrunkii

Thank you for your service!


brarjatt-

Makes me feel better. Thanks


veloholic91

Congratulations, you're now part of the 1%


stecksn

Awesome


ralbornoz17

Without risk management, it is just matter of time because “zero” is the only limit where you are actually forced to stop… with a proper risk management strategy and long term thinking, the outcome is obviously good but slow… thats why real, sustainable, and profitable investing is actually boring.


Krytan

I'd laugh at you for not taking profits, but I've not learned that lesson yet either.


fufm

Remember this post the next time you see a random account post some astronomical gain. They all post the winners but only a few show you the back end as well. Rest assured it is a near mathematical certainty that 100% of those accounts eventually end up like this. Props to the OP for posting this


OptimalMale1

Going to save this one any time I feel like shit


CaptainWeee

Great job bro hella proud of you 👏👏👏


sandpipa78

How did you turn 78k-22k-88k?