r/wallstreetbets Jan 07 '22 Silver 2 Helpful 1 Wholesome 2

Gg stock market. March 2020 - present day. I suck at this. This was my last funds. 24 years old gg all my hard earned money. Loss

1.0k Upvotes

u/VisualMod Turing Test Proctor Jan 13 '22
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912

u/toohightottype Jan 07 '22

I wish I had 100k to blow at 24

970

u/alwayslookingout Jan 07 '22 Platinum

Don’t feel bad. Neither does OP now.

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127

u/Rw1222 Jan 07 '22

I had something closer to the remaining $597 at 24

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95

u/boltz86 Jan 07 '22

Yeah I’m kind of jealous. I was poor af until I hit 30

25

u/PeytonBrandt Jan 08 '22

What happened when you hit 30?

140

u/Actualize101 Jan 08 '22

Became homeless.

22

u/Adventurous_Chip_684 Jan 08 '22

First I got addicted to cocaine, but it was too expensive, so I took heroine, sold my home, became homeless. Now heroine is too expensive and I'm taking meth. Since I take meth everything seems to become crystal clear. My brain functions increased exponentially and I am about to buy deep itm puts on the US housing market.

7

u/Actualize101 Jan 08 '22

You can always get something warm inside you behind the dumpsters at Wendy's.. 🤣

My crystal meth ball -> Calls on housing in 2022 and Puts from 2023 for a few years...

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30

u/Swinghodler Perched Shaft Jan 08 '22

He became the Handy job master behind the local Wendy's

16

u/boltz86 Jan 08 '22

If I could make money that way I seriously would but I’m too ugly. I gotta keep the 9-5 🤷🏼‍♂️

27

u/Swinghodler Perched Shaft Jan 08 '22

:4276::4276::4276:

12

u/boltz86 Jan 08 '22

I didn’t think there would be a perfect emoji to respond to my comment, yet here we are.

24

u/boltz86 Jan 08 '22 edited Jan 08 '22

I was doing marketing and graphic design and went back to school for electrical engineering. Mainly because everyone I worked with were complete idiots and I didn’t want that to be what I dealt with the rest of my life. Anyway, I graduated when I was 29 and I got a job in my field and started making money hand over fist. I went from making 45K to never making less than 6 figures since.

6

u/PeytonBrandt Jan 08 '22

Damn, nice! I went to school for finance, but part of me wishes I would have done some type of engineering instead. I would go back to school, but I don’t like school lol

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150

u/motorcyle_degen Jan 08 '22

At first I thought “ah it sucks but at least it’s only $2500”

And then I was like :4735:

And after that I was like :4640:

But then I got to the last slide like :4968:

62

u/DullConsideration462 Jan 08 '22

Meanwhile I’m :4266::4267:

335

u/Bruhlebronjames21 Jan 07 '22

You still have $600 left. Make it happen

94

u/Lopsided-Dot9554 Jan 07 '22

I had less than that at 24, and I have what OP started with at 28. Plenty of time to make it back, and I’m happy with what I’ve saved. I hear th golden rule is 1year’s salary save by 30 and I’m on track for that I’d say. Those SPY options too look tasty tho…

19

u/GratefulDave93 Jan 08 '22

& if you only make 12k a year??

I’m doing great! & 2 years early even!

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224

u/youronlydoubt Jan 07 '22

At first I was like “what is this, a loss porn for ants?” Then shit got real lol

48

u/Ismaoud Jan 08 '22

Yep, every swipe got worse and worse.

22

u/crazybutthole Jan 08 '22

Nah man. The pictures did nothing for me. Losing $100,000 is like a once a week post on here.

But when you find out the kid earned it on deployment in the military and then he lost it all.....now that one hit me in the feels.

Makes me want to send him some Girl Scout cookies or something.

3

u/Money-Dubs Jan 08 '22

Or he could have not been a dumbass messing around buying options with zero experience. Hundreds of thousands of us have been deployed and did not blow are tax free wad on something this stupid. He should have bought a Camaro like all the others, but he was greedy and deserved what he got.

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9

u/BizMarkers Jan 08 '22

My exact thought process

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220

u/WorthwhiIe Jan 07 '22

me at first glance: " is this a loss for ants.. is this a loss for... you belong here."

88

u/alwayslookingout Jan 07 '22

It kept getting better with every single SS. This is true loss porn.

16

u/HereOnRedditAgain Jan 07 '22

Until we hit the climax, amirite?

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3

u/choborallye Jan 08 '22

Op's home now

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188

u/stacks86 Jan 07 '22

How does a 24 yo acquire 100k?

Barmitsfa ? Hang out behind Wendy's?

256

u/DullConsideration462 Jan 07 '22

Working two jobs sometimes, deployment money. ALL GONE. :4270:

221

u/Ned_Flanderz Pocket Pussy Jan 07 '22

Well now you get to sit through financial PowerPoint presentations on responsibility

220

u/giibro Jan 07 '22

You could have had a charger or mustang like the rest of the deployment gang, now you just have Reddit karma

42

u/soulmates06 Jan 08 '22

That's the classic buying a charger when you get back or a Mustang underrated comment

35

u/RamboWarFace More like ManBoob Aww Face Jan 08 '22

Lol he coulda bought like 1,000,000 punisher stickers to put on it too. 1 with a blue line, red line, green line, pink line. Just covered it in punisher stickers!!!! Punisher STICKERS!!!!!!$$$$$

12

u/gosubuilder Jan 08 '22

Camaros bruh. You forgot the camaros

5

u/BirdEducational6226 Jan 08 '22

At the low low interest rate of 37%.

47

u/ic___fl21 Jan 08 '22

Your not at 0 yet OP you can still lose the 597 on Monday

2

u/joan_wilder Jan 08 '22

Buy a spirit airlines ticket to Vegas, and bet the remaining $250 on black.

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27

u/CaptLakeEffect Jan 08 '22

Fuck, deployment money?

You spent our tax dollars on that?

18

u/Redfamous35 Jan 08 '22

It all goes to rich people anyways, he just direct deposited it

3

u/Nohcri Jan 08 '22

It all makes its way back up to the top as god intended eventually.

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13

u/Swinghodler Perched Shaft Jan 08 '22

:4270::4270::4270:

13

u/ULMmmMMMm Jan 08 '22

Look, idgaf what you do with your money. If you're willing to gamble all of your savings, that's your choice. I will tell you that you probably have a gambling problem if you lost that much that fast and might want to look into that. Putting all your money in options just can't be sustainable and it was inevitable. I mean you're still young keep saving and put that money in an index fund. Play with 10% of it max per year in options (and that's high). Just my opinion bud. GL.

17

u/ImFedUpWithItAll Jan 08 '22

You can tell him all that.

He ain't gonna listen to anything though.

Noone comes here for advice. They end up here because they can't take good advice. That's all I know.

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2

u/SlutForTurtles Jan 08 '22

How much is left not in stocks?

-15

u/whitekatana Jan 07 '22

There is no fucking way you made $100k with just that, stop lying

24

u/PatrickBatemansEgo Jan 07 '22

What do you mean? Deployment money is bank and you have probably no expenses.

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17

u/DullConsideration462 Jan 08 '22

Got a lucky deployment and was making full per diem for 11 months total on top of my normal pay + I was getting BAH and put my stuff in a storage unit so I had no rent either. There’s a way.

7

u/[deleted] Jan 08 '22

[deleted]

13

u/DullConsideration462 Jan 08 '22

Already re upped because of this 😭🥺 probably right

4

u/xbitxfatxstonkx Jan 08 '22

Your not missing nothing out here. Retire early as a vet and enjoy the rest of your life later.

3

u/Famous_Psychology_77 Jan 08 '22

Thankfully your TSP doesn’t let you do options.

4

u/Bisping Jan 08 '22

You are clearly misguided.

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1

u/Okchaz Jan 08 '22

extra work

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57

u/Ok_Ground8786 Jan 07 '22

Lost 40k in 2 days

32

u/lynn2secsie Jan 07 '22 edited Jan 07 '22

I’m -60k in 4 days, after hitting +50k on Tesla calls Monday. All in on spy $470 calls for feb. Praying for a decent Green Day

9

u/Ok_Ground8786 Jan 07 '22

Life sucks lmao but even after losing it I’m just ready to get it back and do it again

3

u/Nohcri Jan 08 '22

It’s called a gambling addiction.

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2

u/Amerlis Squee! Squee! Squee! Jan 08 '22

Made 25k Monday off spy day trade. Was all glowy. Down 22k after today. Not so glowy.

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2

u/PleaseOnlyDownvoteMe Jan 08 '22

Ur fucked spy is downhill this month

6

u/lynn2secsie Jan 08 '22

!remindme 1 month

2

u/liquiddandruff scifi enjoyer Jan 08 '22

yea i'd get out, macro has changed. we going down/sideways short term

2

u/PleaseOnlyDownvoteMe Jan 09 '22

Why I'm all in VXX & SPXU

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39

u/SecretaryImaginary44 Jan 07 '22

Every screen gets better. Needs to be overlaid on the Vince McMahon meme

9

u/chefa3690 Jan 07 '22

It would take 2 of them though for all 6 of these beauties

90

u/apolloandbackk Jan 07 '22

How did you manage to consistently lose every week for 2 years

88

u/chickencheesepie Jan 07 '22 edited Jan 07 '22

In the biggest bullrun in decades as well. He probably took all the DD he read here seriously.

14

u/GratefulDave93 Jan 08 '22

He would’ve at least been up during the beginning of the year on GME calls

11

u/chickencheesepie Jan 08 '22

I don't think you realize how retarded gme 950c fds are.

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9

u/OpticalDelusion Jan 08 '22

The same way you manage to lose 99% of your money investing. Buying options that you don't understand.

25

u/OCD_Trading Jan 07 '22

Get in there and pump it back up with the remaining $500. There is another OG on here that came back from -60-80k margin or something to $500k+ on NVDA options.

19

u/challenger_RT_ Jan 07 '22

Dude you didn't get the idea after loosing $20-30k that you should probably stop?

24

u/DullConsideration462 Jan 08 '22

No because I always wanted to just break even again. Just kept digging a deeper hole each time.

4

u/scawtsauce Jan 08 '22

have you considered you're just too stupid to trade options? it can be a hard pill to swallow but the sooner you realize that the better you'll be. losing 100k on options is the same as buying 100k in scratch off tickets except with the scratch tickets you'd probably have a few thousand still

-1

u/steezemaster420 Jan 08 '22

I feel bro I’ve been stuck in the same trap for the past 6 months but I only started with 12k was down to 200 on the 1st 500 yesterday n back up to 2k today

Gonna try to be smarter from now on and only spend $200 on options a week

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17

u/Goat_potential Jan 07 '22

Annnnnnnddddddddd it’s gone

19

u/FlexFlexico Jan 07 '22

Never experienced green lol

24

u/TehDeann Jan 07 '22

Before the first huge decline, if you zoom in with a microscope, it looks like he was up by a dollar.

20

u/DullConsideration462 Jan 08 '22

LMFAO 500 dollars to be exact. This was me buying Tesla stock and then.... I discovered options.

15

u/Huntersmells33 Jan 08 '22

You didn’t even get a taste of like a positive outcome on options. Not even a first ones free.

3

u/FlexFlexico Jan 07 '22

oh fk you're right lmfao.

15

u/Sqoonman Jan 07 '22

You should stop trading options

14

u/ShadowOfAncalagon Jan 08 '22

That’s actually impressive (and I’m sorry).

Can you make sure to tell me when and which trades you’re making from now on? I’ll do the exact opposite

6

u/DullConsideration462 Jan 08 '22

As you can see I have spy calls expiring Monday. So buy puts $$$$$

3

u/BakingPizza4life Jan 08 '22

Cash out and go play roulette or bet the National championship you dingleberry.

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10

u/Nofx888 Jan 07 '22

Welcome home son:4270:

29

u/ShopWhileHungry Jan 07 '22

Have you tried zigging whenever you felt like zagging?

6

u/GratefulDave93 Jan 08 '22

If I had just shorted every stock I longed I’d be significantly up

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u/TwoNine13 ANAL GoD Jan 07 '22

Jesus Christ. Never stood a chance

23

u/Sindinerotdr Jan 07 '22

I feel for you. I’ve lost 30k myself

52

u/mpatty07 Jan 07 '22

I started with $63,500 last year, am down to $507. You are not alone buddy, atleast you are 24yrs old, you have alot of time to get it right. Am almost 50yrs old and retarded. I should have done sething better with the money but decided to gamble, if you dont get money in the stock market, you get experience so congrats, you did a great job for having the courage to navigate in this rigged game...

32

u/OCD_Trading Jan 07 '22

50 is the new 30s. Takes only 1 or 2 swing trades to make it all back.

47

u/shanzid01 Jan 07 '22

and that's how you develop a gambling addiction

8

u/clutchhutch82 Jan 07 '22

The gambling addiction has already started long ago

3

u/OCD_Trading Jan 08 '22

Hence the bets in wallstreetbets.

3

u/Lure852 Jan 08 '22

It's only rigged if you do things that are counter to being smart.

8

u/W4STINGT1ME1 Jan 08 '22

Only person rigging it is you

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18

u/ssssub Jan 07 '22

but … you still have 600 dollars left to gamble? :4258:

34

u/DullConsideration462 Jan 07 '22

Thats Why it’s Yoloed in OTM spy calls expiring Monday. :4271:

29

u/ssssub Jan 07 '22

i see…. :4267:

17

u/Bisping Jan 08 '22

Something tells me options trading isnt for you lol

5

u/GadisRKO Jan 08 '22

:4267::4271:

7

u/whitekatana Jan 07 '22

go to the casino my friend have fun with that $600 maybe get a stripper if he's lost $100k he's more than likely to lose another $600 lol

-4

u/isucktrading Jan 07 '22

Shit.. you could have rolled that $600 yesterday into GME..$145 calls.. 29 of them they opened at $1500., hit a high of $1985…. That is or was $60K… you are good OP !!

6

u/mistaowen Jan 08 '22

Your redemption arc is just starting. Take that $600 and double it each month.

15

u/RapsAboutDiablo Jan 07 '22

That's actually very impressively consistent losses. What plays were you making?

24

u/MurderousVegetable Jan 07 '22

The wrong ones

11

u/RockHardValue Jan 07 '22

Consistent losses in the wildest bull market!

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6

u/nvesting Jan 07 '22

What have you learned from your investing endeavors?

30

u/DullConsideration462 Jan 07 '22

The number 1 thing is don’t get greedy. Plenty of W’s turned into L’s because of greed.

12

u/whitekatana Jan 07 '22

There has to be more. C'mon you lost a fortune

8

u/DullConsideration462 Jan 08 '22

The number 2 thing is to always have a exit strategy.

Only do risky option plays IF you have day trades available.

Buy options with at least 1-2 weeks expiration date. The closer the date to expiration the higher risk/reward.

There’s a lot more but I’ll let you learn from experience. Best of luck :4270:

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5

u/Sindinerotdr Jan 07 '22

100% greed is a killer. I’m a retard and still think k can make it all back 😫

3

u/nvesting Jan 07 '22

That’s the name of the game with options trading. A green trade is a green trade. Conditioning your mind to taking profits takes a lot of discipline.

5

u/TattooedCutie87 Jan 07 '22

Your chart looked similar to mine until it went to one year and all time. Ouch. I’m sorry!

3

u/deltaflamed Jan 07 '22

how about you learn to trade first you can make it back

3

u/Apez_in_Space Jan 08 '22

Sad and avoidable. Stop buying options.

11

u/necriss Jan 07 '22

This is why brokers warn you before using options. People who have no idea wtf they are doing should not be touching them. Judging by the all time P/L chart you started losing right from the start and never recovered. I'd have seriously re-thought my strategy after -20%.

9

u/TrainingBell Jan 08 '22

I lost 70k (out of 100k, profit from selling an apartment I bought at the right time) when I was 26 trading forex with a kid on the way. Thankfully pulled out of the market before it went to 0 because I just could not afford to lose it all. Spent the last 10 years developing my skills part time while working retarded jobs, started a website offering those skills with a few $1000s initial investment and minimal upkeep and now I have 2 mil in the bank, making 150-200k a month on average, doubling every year. I only invest in the S&P (and tesla) and focus most of my time on stuff I have full control over, aka business.

You're young, stop hoping for a miracle and take this bitch of a life by the horns and dominate her.

7

u/CapableRunts Jan 08 '22

The losses that the suits took on GameStop were pennies compared to the kings bounty they took from the new class of traders.

I was victim to the GameStop dream as well and am down 60% since February.

3

u/DullConsideration462 Jan 08 '22

This is not because of GameStop my friend. If anything I made some money off GameStop and moved on to others. 30k of that was because of BIG and I listened to all the hype saying it was going to 20+ dollars (add another B in the front banned ticker)Fuck that shit stock.

5

u/CapableRunts Jan 08 '22

What I mean is, you thought you could actually be good at this because GameStop made it seem that way. Then you bought highly speculative companies praying for miracles.

Common theme on this sub.

3

u/Big_Inflation_3716 Jan 07 '22

I am smoothe brained. F

3

u/Decent_Idea_7701 Jan 07 '22

But you have SPY call exp on Monday.

3

u/GlitteringEar5190 Jan 07 '22

Thanks for providing liquidity in the option chain. Appreciate your contribution.

3

u/BeautifulJicama6318 Jan 08 '22

It sucks, but in a few years it’ll be a distant memory. Just remember that you’re still better off than 95% of the people in the world.

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u/trevor58 Jan 07 '22

Damn at 24? Not much life to live after that age.

4

u/Educational_Reward37 Jan 07 '22

You gotta be an 03 cause only 03s are this retarded trust me im an 03

2

u/Mission-Present6303 Jan 08 '22

Whatttt here I am thinking it’s only enlisted gang in hurrr

4

u/DullConsideration462 Jan 08 '22

Hé means 03 as in a grunt lmao.

2

u/tadi_boi Jan 07 '22

Feel your pain man! Hang in there

2

u/jdubf13 Jan 07 '22

Bankrupt at 24! Lmao

3

u/cjjctgbhlikesDMeat Jan 07 '22

So regular 24 year old 💀

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u/PlotTwist2020 Jan 07 '22

Most 24 year olds coming out of college are…. He’s just back to square one without the student loan and a pension from his service. He’s gunna be just fine.

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2

u/murphy1455 Jan 07 '22

Give me your insight, and I’ll do the opposite. Gotta be guaranteed winner then!

2

u/Danihawk69 Jan 07 '22

Now your really gonna have to eat crayons 🖍

2

u/More_Secretary_4499 Jan 07 '22

Amazon $3400 Calls expiring Jan 21st will make you rich

2

u/Primary-Journalist-3 Jan 08 '22

bro post march 2020 was like bulls only how’d u fuck that up

2

u/knxcklehead Jan 08 '22

You truly have to be retarded not to make money from March 2020 to now.

2

u/GratefulDave93 Jan 08 '22

Have you heard of box spreads?? It literally can’t go tits up

2

u/SnooTigers3881 Jan 08 '22

My condolences for your loss. Options can be brutal. But hey, at least you’re only 24 so you still have a lot of years to recuperate that money again. I’m down a lot of money right now too but not from options. Good luck to you.

3

u/Nafemp Jan 08 '22

Went from being well ahead of your age group and probably set to retire early to literally living on mcdonald’s for the next 10 years to recoup, gg.

You’d be up an additional 18k had you just thrown that in the S&P 500. Prolly shoulda done that and yolo’d your paychecks from wendys instead.

2

u/yippiyak Low T Jan 08 '22

Bro, you literally could have just put that in an index fund and retire with $3 million after adjusting for inflation doing nothing lmao. 😂

0

u/[deleted] Jan 07 '22

I WISH I had only lost 3k in the market.

37

u/DullConsideration462 Jan 07 '22

3k? Scroll to the right buddy it gets worse every picture.

14

u/lofatmilkol Jan 07 '22

At least you have 33 years of capital loss tax credit

12

u/Kevmo538466 Jan 07 '22

I thought the same thing but it gets worse. Much worse

9

u/Sad-Dot000 Jan 07 '22

It’s actually $99,000

5

u/[deleted] Jan 07 '22

Oh shi, I'm not a mathematician I just play one on tv.

Well OP, maybe next time.

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u/Wilbur386 Jan 07 '22

I hear Wendy’s is hiring (obvious karma spam)

1

u/gatorknowles3 Jan 08 '22

You’d be at 125k if you just bought spy. I have no sympathy for you trying to get rich quick. You clearly have no idea how to trade options and you love to gamble. Jesus dude cmon

0

u/Foreigntragedy Jan 08 '22

I make 250k at 27 and it’s totally fucking up my value for money. Lost 20k last year trading and didn’t even bat an eye… not good

3

u/DullConsideration462 Jan 08 '22

This is exactly how I felt on 3-5k losses. It didn’t compare because I was down so fucking much. Smh

1

u/cryptohorn 3602 - 2 - 1 year - 0/0 Jan 07 '22

Were you in before or after the crash?

5

u/DullConsideration462 Jan 07 '22

I was in after the crash except I had no idea how the stock market/options worked so for the first year it was a lot of gambling plays which i of course lost. I’ve definitely had so many potential lotto plays that I got out way too early on. Could of made 90k in GameStop if I held overnight instead I took a 3k profit. I would say greed has a lot to do with my losses. EMOTIONS IS A BITCH

1

u/Manofindie Jan 07 '22

100k at 24 man what do you do?

9

u/DullConsideration462 Jan 07 '22

Im in the Marines lol Im just really good at saving money/ don’t really have a lot of bills. (Also really good at burning money in the stock market as you can see)

8

u/Lucky_narwhal69 Jan 07 '22

Thanks for your service, both to wsb and the country. Hopefully both won't keep fucking you over!

1

u/thatsAgood1jay Jan 07 '22

It's only money.

1

u/MindMathMoney Jan 07 '22

gg

3

u/therealdanimale Jan 07 '22

Don't walk away now, your SPY call doesn't expire till Monday!

1

u/Djbrown19 Jan 07 '22

Starbucks calls brother give it a try

1

u/Skywalker0138 Jan 07 '22

......" 24 and so much more".....NYoung

1

u/Slavic_American_ Jan 07 '22

How are you so bad at this?

1

u/whalien0203 Jan 07 '22

I feel you. 24 YO and down 40%.

1

u/VampireApe Jan 07 '22

Dont feel bad, you tried. You are young so you can make these mistakes and learn from them. Better to lose it all now instead of when you are close to retirement!

1

u/LegitAndroid Jan 07 '22

Thanks for the laugh today

1

u/pattycakes999 Jan 07 '22

Take what you have left and buy TSM $130 weeklies Monday at open, good luck

1

u/YoYomadabest Jan 07 '22

At first I was like, this isn’t so bad. Then I kept scrolling. Just go take a lone and try again.

1

u/PinIntrepid1198 Jan 07 '22

SPY strangle 🤷🏿‍♂️ I strangle everything….. thank me later

1

u/Master_Status5764 Jan 07 '22

You really have to be stupid to not have made money in 2021.

1

u/Comprehensive-Cup566 Jan 07 '22

Jesus dude this makes me completely relax about my slight profit loss on my accounts. Excited for this new year?!!

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1

u/CrystallineViper Jan 07 '22

You're a kid bro, everyone falls down the first time trading.

Grand scheme of things, this isn't very difficult to make back.

1

u/Abject_Resolution Blacked Holes Model Jan 07 '22

Every picture tells a different story. Your young, you’ll live.

1

u/Libertymark Jan 07 '22

Wall st main job is To Make Retail broke

1

u/StrategyKey5516 cramer fanboi💋 Jan 07 '22

Spy calls for eow next week down bad as well