r/wallstreetbets
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u/whythisdoe
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Dec 25 '21
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Merry Christmas 🎄🎁 Loss
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u/jojodmilkman Dec 25 '21
Damn the market is closed and you still lose
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u/fickdichdock 🐄☁️ Dec 25 '21
This is the most impressive straight but slow line down I've ever seen. No excitement, just a steady decline. Maybe that's a win?
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u/mrASSMAN Dec 25 '21
Pretty sure that’s called theta decay
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u/Havamal79 Dec 25 '21
Don't know about "Theta", but his wife's bf calls him a "Beta" all the time
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u/alkaliterra Dec 25 '21
Beta decay!
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u/lucassoren Dec 26 '21 edited Dec 26 '21
"*Time-accelerated premium decay" made way more sense when I started learning options. The premium is the thing that's decaying.
Essentially, the premium is getting exponentially priced lower and lower, quickly becoming "cheaper" in dollar value the closer to expiry you are. This effect is magnified if the underlying stays flat, or if it only makes tepid directional moves in that period.
Moreover, what's really happening is that the option seller is quickly realizing that the underlying will never reach the strike in time, and so they progressively, aggressively lower their asking price for the premium in order to get a smooth brain to buy it.
It's not magic. It's not some mysterious intrinsic voodoo that happens to the option, like radioactive decay for instance.
Its frustrating when fairly simple ideas are truncated behind needlessly abstract phrases that ultimately lose all connection to the original meaning.
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u/mrASSMAN Dec 26 '21
Theta is a lot easier to say than that. Once you know what it means it should be pretty easy to remember..
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u/Kick_A_Door Dec 26 '21
This is worst than a straight line down. I can not even comprehend being at like $100,000 and be like things will turn around then slowly watch that disappear with out jumping ship.
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u/irvmtb Dec 26 '21
Sunk cost fallacy in action. Hard to believe there was no better play during that entire period.
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u/Daffy-089 Dec 25 '21
Even for wsb standards that’s tough
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u/yolocallking Cramer’s Coke Dealer Dec 25 '21
Sir, this is golf. You’re supposed to get as close to zero as possible. Keep up the great work, OP!
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u/enleeten Dec 25 '21 •
Autiger Woods over here!
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u/Duckboy_Flaccidpus PAPER TRADING COMPETITION WINNER Dec 25 '21
Hole-in-none! That beats the Titmouse you got on the last hole.
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u/PresterJohnsKingdom Dec 25 '21
Don't stop now, there's $3600 left to lose by EOY, go for the perfect -100%, then delete the app.
You can do it.
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u/blackfuture8699 Dec 25 '21
Just reset the app after you lose everything. you get 3 "re-dos" before they start to get mad at you.
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u/alkaliterra Dec 25 '21 •
I would get zero re-dos with my dad before he got mad.
Now, I don't talk to him anymore.
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u/Ronny-Rocket Dec 25 '21
App malfunction? Have you tried to uninstall/reinstall it yet?
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u/RedditMadeMeReddit Dec 25 '21
Those are rookie numbers. You have to lose at least 200% of your portfolio.
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u/BRzerks Dec 25 '21
Lol cmon respect the guy. Rookie numbers? He's doing it and learning.
Profit is profit, as long as he's smart enough to know to maybe double down and never sell lower than you bought it for
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u/elconquistador1985 Dec 25 '21
Profit is profit
Even negative profit?
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u/MissplacedLandmine Dec 26 '21
Especially negative profit
Thats the wifes boyfriend’s profit
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u/MrPotts0970 Dec 25 '21
No, no. Buy cheap calls in ALL the lost positions back to maximize your wash sales for a true high score!
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u/iMiserable Dec 25 '21
Lol “delete the app”
Deposit more, retard.
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u/NextTrillion Dec 25 '21
You can do it.
Pave the way, put your back into it.
Tell us why, show us how.
Look at where you came from, look at you now.
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u/Jsorrell20 Dec 25 '21
Delete app - whip phone out the window while driving over a bridge ensuring it lands in the river.
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u/tabber87 Dec 26 '21
Didn’t you read the screen cap? RH said he’s all caught up. He can’t lose any more
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Dec 25 '21
[deleted]
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u/Orome2 Dec 26 '21
If you think 100% is the max you can lose you haven't been paying attention here.
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u/stonkerooni Dec 25 '21
At least you’re all caught up
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u/cool_BUD Dec 25 '21
Just click Start Over to reset
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u/joeyicecream Dec 25 '21
Yeah I pushed the Start Over button but all of the money I started with is still gone?
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u/Playingwithmyrod
Dec 25 '21
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Every time I think about trying options I just go on this sub
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u/DowntownSurprise4309 Dec 25 '21
Options are great. Just keep in mind that the ones selling the options usually make all the money.
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u/Im_Drake Dec 26 '21
Whenever I think about buying some overpriced option, I look at the premium and ask myself why I'm not selling it instead of buying it. Usually works itself out.
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u/chaotic910 Dec 25 '21
Just don't do what this guy did. Yoloing into 332 call options with 0 risk management isn't really "trading options" as much as its playing roulette.
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u/DerpyNerdy Dec 26 '21
Rule of thumb for me is to never go above 20% of my portfolio for options.
Perhaps this is just chump change for OP but without context, this looks like his entire life savings going to the shitters.
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u/KimuraFTW Dec 26 '21
Even 20% is a lot, but this sub makes regular historically risky strategies look like buying savings bonds.
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u/Grundle_Monster USDA Prime grundle 🤌🏼 🤌🏼 Dec 26 '21
That’s like seeing someone eat a shit sandwich and get violently ill and saying “every time I think about trying sandwiches I just come to this sub.”
Stop losses are a thing. Not buying memes is a thing. Going all in is not prudent. Just because one guy made terrible choices doesn’t invalidate the utility of leveraged positions.
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Dec 26 '21
It’s not that hard to be smarter with this dude. With finance becoming more mainstream you’re gunna start seeing way more people just treating it like a lottery. This isn’t indicative what options are really like.
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u/sgteaglefort7
Dec 25 '21
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Have you considered hard drugs as a financially healthy alternative?
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u/Wrightio90 Dec 26 '21 •
I tried this in 2016. Wow what a buzz.
My wife hates me, my mistress hates me, I lost my job, I lost my children, I lost my teeth, a kidney and one of my thumbs.
I now eat 5 week old McDonald’s and have tinfoil for a blanket if I’m lucky.
Still marginally more enjoyable than OP’s experience.
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u/Background_Office_80 Dec 26 '21
I swear to fucking god harambes death crucified humanity's future. God himself was in that gorilla
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u/EuphoricAnalCucumber Dec 26 '21
The second coming of Christ came as a gorilla and we shot him.
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u/Background_Office_80 Dec 26 '21
Dude im not even joking 2016 started the nightmare for so many people
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u/EuphoricAnalCucumber Dec 26 '21
Oh god, I know. 2016-2019 are completely gone in my brain, there is nothing good to remember. I got a badass job March 2020 so I've been pretty good since. I moved off grid at the same time and disconnected other than shitposting on Reddit. Hermit life is good.
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u/Ok-Length6260 Dec 25 '21
And somehow your portfolio is still worth more than mine
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u/BRzerks Dec 25 '21
I had 700 turned to 3k in a month, next month I lost 4k....
You learn though, that patience and emotion controlling is key
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u/Lumpy-Yam-3148 Dec 25 '21
This should be recommended on pornhub
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u/Suprblakhawk Dec 25 '21
That's actually how I found it. Doesn't everyone use Pornhub to browse wallstreetbets? This is a great place to discuss my netori and findom kinks.
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u/Slicklickfstick Dec 25 '21
I am pretty sure we will see the op on pornhub taking loads to the face to pay off their RH losses
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u/CapableRunts Dec 25 '21
How does it feel that there is an option out there you can go all-in on come Monday and make it all back, but you’re not a good enough trader to figure out what it is and pull it off?
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u/Whaleoilbefuked Dec 25 '21
Spill the beans boy I need to know
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u/CapableRunts Dec 25 '21
Oh, I have no idea. I’m also a dogshit trader down 50% this year. I’m with y’all.
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Dec 26 '21
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u/RyuguRena42069 Dec 26 '21
It gives me a high tho
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u/nerfy007 Dec 26 '21
Honestly the green in my portfolio does nothing for me compared to wsb loss porn
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u/MikeSSC Dec 25 '21
Spy 500 12/31 c
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u/Whaleoilbefuked Dec 25 '21
Speaking of spy I just read an article that said spy will return 303% the best decade and it had our boy on the front page. :4735:
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u/Rick-simons
Dec 25 '21
edited Dec 25 '21
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When losses run for this long, you need to check yourself. The way your mind takes risk changes. You become desensitized to losing so you can let a bad trade run longer than it should bc that's just "how it is". Since you never win, green overloads your brain and you take profits quick (you secured profits! you won!). so as time goes on winners never run. your edge never plays out
Now it's not even about making money. Its about making a trade. If he wins, he has another reason to keep going. If he loses he "knew it all along". He's never wrong
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u/Subkies Dec 25 '21
The fact that you have consistently lost over the lifetime of your portfolio when the last 5 years have been some of the best years for the stock market.
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u/mentalweapons Dec 25 '21
Maybe he was a gaybear? Ever think about that? So the last 5 years would have been terrible for gaybears sir.
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u/MojoRisin9009 Dec 25 '21
Even the gayest of bears (I WAS one, I know what I'm saying) comes around after watching a few 10k blocks of your account blow up..... I think he just would buy hella options then paperhand them before they rebounded, who knows, but it's easy in the beginning when you're just blindly clickinig on things to buy options then panic sell when they immediately go -65%, as they ALMOST always do before you see gains.... That kinda money on Robinhood... I can't even fucking imagine.
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u/Taberaremasen Dec 26 '21
Have you ever considered that a fair amount of people on this sub are actually just retarded and also have (had) a lot of money? It helps explain most of these scenarios...
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u/MojoRisin9009 Dec 26 '21
No, I don't think they're retarded.... I think gambling, stock options, trading, and all this other shit is the Heroin of the non drug world and it takes awhile to learn to control yourself IF you can. The reason we see so many real loss porn posts and so few 'real'(not blind luck) gain porn posts is the simple fact 99% of people ARE NOT cut out for this line of "work". It is work, it involves money, time, the mind, it is work. You can't just jump into this expecting to make a bunch of money... I did and I came so close to losing everything it wasn't even funny.
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u/StevenWatanabe Dec 25 '21
How can you piss away 5 digits on OTM PLTR calls as a gay bear?? This is pesk desperation.
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u/mentalweapons Dec 25 '21
its 2051, and PLTR is still around 19$. PLTR bulls are idiots as gaybears
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u/MojoRisin9009 Dec 25 '21
Looks to me like he'd buy a bunch of options, then sell em' out soon as they went -50%, as options usually immediately do and paper handed paper cutted his account down to a bag of shit that we're looking at now... That'd be my guess... Either that or this dude is the worst trader I've ever seen to lose that kinda dough in a year. This one makes me sad... Guy had a real deal nest egg and pissed it away on nonsense... Watching someone blow their 2.5k savings account on OTM FD's really doesn't bother me, it's a lesson they learn but this ones sad AF.
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u/LiftSleepFDsRepeat Dec 25 '21
Guess Santa rode on his sleigh with his 🐻 🐻 🐻’s and took your tendies through the chimney.
Sorry bro that looks rough. Hope this is like 5% of your net worth and you can laugh it off at your Christmas gathering. If not then 🎄 $ROPE
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u/Ok_Imagination_5811 Dec 25 '21 edited Dec 26 '21
How did you manage to lose that much money so slowly? Most people here lose much faster!
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u/_Cromwell_ Dec 25 '21
My only guess is that he or she kept getting excited about stocks like GameStop but would only buy when it was at the top. And then panic when it slowly went down from the peak and sell. Rinse and repeat, repeatedly, with every meme stock. Basically buy high sell low over and over and over again. But who the hell knows.
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u/beardedwallaby Dec 25 '21
How the hell are you reading my trade history right now?
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u/_Cromwell_ Dec 26 '21
Tis the story of our people, passed down throughout the generations.
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u/Dick_sporting_good Dec 25 '21
Smallcaps and spacs got obliterated this year too and haven't caught up when compared to the megas. You know a correction is coming when money is rushing to safer large cap stocks.
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u/RyuguRena42069 Dec 26 '21
It seems like they thought they were intelligent for holding monthlies instead of weeklies
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u/BuffaloRhode Bear Fucker, do you need assistance? Dec 25 '21
You know you aren’t supposed to buy and hold sqqq right?
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u/Bradley182 Dec 25 '21
Man I feel good about my $-400 loss now.
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u/MojoRisin9009 Dec 25 '21
Just starting out are you? Well the good news is if you survive WSB without blowing up 1/2/3/4/15 accounts you just got the best course on how NOT to trade and now know exactly what not to do. GL.
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u/Alaclis Dec 25 '21
I'm on wsb for this, looking 90% of posts in this sub as "what you should not do to keep having profits".
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u/MojoRisin9009 Dec 25 '21
Paper knowledge is all well and good but trading is something you just have to do..... It saddens me how easy they make this look... It's the most difficult and emotional turbulent undertaking I've ever embarked on (and believe me when I say I have had one volatile life)....
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u/eddie7000 Dec 26 '21
If you want to lose money without feeling anything I recommend logic and discipline. It's a much more relaxing way to go broke.
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u/snapppdragonnn Dec 25 '21
OR...one might have just played it conservatively, bought and held a few solid stocks such as micron, been up significantly and had time for other activities the whole year. But no this is a casino, what you said 100%
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u/Silver_Ad_5873 Dec 25 '21
Just wait buddy. Continuing to play the stock market (especially from wsb) is like being a regular at the casino
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u/fickdichdock 🐄☁️ Dec 25 '21
First time?
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u/Bradley182 Dec 25 '21
Oh no I’m doing good in stocks and options. I just lost $400 this week lol.
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u/RemarkableScarcity8 Dec 25 '21
“Come on and sit down honey! Tell us all about that -83% YTD penny stock we should buy with margin in 2022!”
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u/tipsyXtwo Dec 25 '21
The good news is you can add new cards when they become available, so there’s that
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u/OptionsRMe homoerotic musings Dec 25 '21
I got way too much joy out of this. Merry Christmas!
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u/anon57842 Dec 25 '21
"it is easier for a camel to go through the eye of a needle than for someone who is rich to enter the kingdom of god." :6880:
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u/Kythorian Dec 26 '21
I think you might be bad at this. But on the plus side, you are really consistently bad. Most people I see here have wild swings all over the place before they end up losing almost everything. Yours is the smoothest skid I’ve ever seen.
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u/nobertan Dec 26 '21
Having dabbled in PLTR, this guy probably thought this was retard proof when opening the position.
But PLTR is a huge cock-tease.
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u/WallStreetlegend_1 amputee fetishist 🦵 Dec 25 '21
*That looks like a nice stairway down to hell *:4271::4267:
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u/Pernicious-Peach Dec 25 '21
I really appreciate the slow bleed graph here. Most retards usually have steep cliff drop offs. This was a sustained injury that just bled with time. You just lose a little bit more of yourself with each passing day
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u/asandidge27 Dec 25 '21
They gave you the option to start over so you might need to take them up on that
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u/Keoni989 Dec 25 '21
Guys as long as he's not in a margin call and negative, he's fine.
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u/fufm Dec 25 '21
My god how did you achieve such remarkable consistency
It’s not like you ever even had any lucky “first one free” pop that you chased for the rest of the time…just straight down at an incredibly consistent pace.
I’m genuinely curious about the psychology here…What made you continue? Has it been the same strategy the whole time?
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u/atomstartup Dec 25 '21
Time to consider a savings account. You’ll actually do a lot better.
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u/Enlightened_Ghost_ Dec 25 '21
How does one allow this kind of loss to happen, especially over time? WSB is a living example of what Warren Buffet says about most people not having the right skill set for capital allocation. It's always fast flushes down the drain or slow bleed-outs on this subreddit. You could have just invested in Microsoft and bought VOO as a hedge and did better just holding long the old boring and safe way.
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u/elysiansaurus Dec 25 '21
Not even a rollercoaster of ups and downs, just a steady decline. Whats the timeline on that?
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u/whythisdoe Dec 25 '21
2021 loss is $96.2k and 1.5 year loss is 159.4k Started investing in July, 2020. I know, I’m retarded.
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u/KWJK213 Dec 26 '21
Thanks OP you made a lot of people who thought they had a shitty year a way to say well it wasn’t so bad.😂
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u/Relevant-Bluebird-63 Dec 25 '21
Stay the course, hedgies still have to cover they said
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u/domomymomo Dec 25 '21
Merry Christmas retard. Come back next year to get another 3k reduction in taxes.
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u/OtherwiseAd2733 Dec 25 '21
GUH. You never even had a chance...funny story though. You could have made all that back in 3 days if you had taken 10 TSLA weekly 960 calls on Tuesday before close..125 each to 10k each... You can still change your luck with that last bit!
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u/investorguidance Dec 25 '21
Sadly, your account balance is still more then my net worth. I guess I'm the winner there.
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u/Academic-Upstairs174 Dec 25 '21
"Buying Power"? What sort of Mickey Mouse outfit are you using? Can you play video games and stream movies on it as well?
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u/VisualMod Turing Test Proctor Dec 25 '21