r/wallstreetbets • u/hddatzD • 18h ago
Lost 70% of my money Loss
I lost all my money and now I’m in debt. I was doing revenge trading, over trading, over sizing with zero risk management.
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u/zephyrs85 Going ALL IN on everything! 17h ago
Remember, even a 100% return from here won't make you break even :4271::53057:
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u/Similar_Ball282 16h ago
but a 1000% or more gain from 0DTE SPY will, that's why there is a saying most gamblers give up before they hit the big buck :4276::8882:
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u/Nick_-Kerr 16h ago
Good thing 200%+ total returns exist on some options, so he can make it back and be +100%
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u/FitnessNutshell 18h ago
You have 30% more to lose. Come on Champ, Thursday can be your big day :4271::4271::4267:
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u/anbu-black-ops 17h ago
Closed. So he has 1 day to rethink if he wants to work at Wendys.
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u/TheDirty6Thirty 16h ago
Honestly he could lose the rest and it'd still be pretty lame loss porn. You could make that back in like 6 months at Wendy's, cheer up OP.
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u/ciktan 17h ago
New Wendy’s employee
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u/zionmatrixx 16h ago
Those Frosty's aren't gonna pour themselves.
Unless you add some AI and Tesla robots then maybe they will.
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u/tringitdad 17h ago
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u/BadApprehensive7551 14h ago
Is he suppose to be wearing glasses??? It just stops at where the frames should be and I can’t understand it.
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u/JimCroceRox 14h ago
I think this person might have Down Syndrome. Great human beings, but probably poor money managers.
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u/_BoNgRiPPeR_420 17h ago
Meh, it's only Canadian dollars.
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u/CharacterMarketing79 17h ago
Come on now we are the 51st state our Monopoly money will soon have real value
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u/sakernpro 14h ago
52nd. Greenland Is 51st 😂
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u/Gyuttin 12h ago
Is Panama gonna be 53rd?
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u/sakernpro 11h ago
HAHA. Only the little canal will become the 6th US territory. Not the whole country. Sorry. Buying it back for a dollar or some $PEPE...
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u/codespyder Being poor > being a WSB mod 13h ago
When I see my losses in USD: “not great, not terrible”
When I see the same losses in CAD: “DEAR GOD I WILL NEVER BE ABLE TO EARN THIS BACK”
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u/Level-Possibility-69 16h ago
You didn't lose 70%, you lost 64.98%.
Let's not pump our numbers to look better than they are. Get back out there and drop the remaining 35.02%.
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u/BuffMaltese House Poor 16h ago
You’re a lemon. Like a bad car. There is something... there is something inherently defective in you, and you, and you, and me, and all of us. We’re all lemons. We look like everyone else, but what makes us different is our defect. See, most gamblers, when they go to gamble, they go to win. When we go to gamble, we go to lose. Subconsciously. Me, I never feel better than when they’re raking the chips away; not bringing them in. And everyone here knows what I’m talking about. Hell, even when we win it’s just a matter of time before we give it all back. But when we lose, that’s another story. When we lose, and I’m talking about the kind of loss that makes your asshole pucker to the size of a decimal point - you know what I mean - You’ve just recreated the worst possible nightmare this side of malignant cancer, for the twentieth goddamn time; and you’re standing there and you suddenly realise, Hey, I’m still... here. I’m still breathing. I’m still alive. Us lemons, we fuck shit up all the time on purpose. Because we constantly need to remind ourselves we’re alive. Gambling’s not your problem. It’s this fucked up need to feel something. To convince yourself you exist. That’s the problem.
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u/Organic_Dot9840 17h ago
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u/chanuka121 17h ago
Missing Greenland
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u/thorsbane 17h ago
And Mexifornia plus gulf or America
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u/PeneCway419 16h ago
Does Trump even want Mexico? We need a Boogeyman! Then nowhere to send the illegals except private prisons.
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u/MinorityStompler 16h ago
The worst part about this is that it’s a First Home Savings Account. You can only contribute $40K in your entire lifetime and without it, most youth will have literally zero chance to touch home equity.
You are truly and fully regarded.
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u/Intelligent_Flan_571 17h ago
Lose rest on Friday. Borrow from parents/relatives over weekend. See you back at casino on Monday.
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u/Rosie3435 16h ago
That is not a big problem. Work a few more shifts at Wendy's and post bigger numbers in the future
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u/Business_Gas4703 17h ago
Don’t let this failure dictate the rest of your life. I’d take the money you have now, sit down, and figure out why you failed and set rules to make sure you don’t fail again. Remember, you lost 70% from a decision you made. You knew it probably wasn’t the safest but you did anyways. This is the outcome. You can try it again and there’s a 99% chance you’ll get the same outcome. You gotta try something different. It involves you actually doing homework everyday and keeping yourself updated on the overall economy. I can go on and on but I hope you get the gist of it.
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u/GroupKooky 16h ago
Same here, I traded up to 35 k till discovered options
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u/hddatzD 16h ago edited 16h ago
I was in 70% down and last month I was up 10% but this week I took some big bets and hold them .. should have cut the losses on time but didn’t… then went on revenge trade and keep losing 15-20% all the times. I should have taken the profit .
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u/Jet-fixer 16h ago
You lost 70% of your deposited money* go ahead and drop some more in there! Rents for suckers.
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u/Polosauce23 16h ago
Just started options and I had an amazing month in December, 2.7x my money. Then lost 60% so far in Jan. So Im just gonna stick to buying shares.
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u/Appropriate_Ice_7507 17h ago
:4271::4271::4271: yes but you need to lose more !emote:t5_2th52:4267
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u/Lower_Writer8250 15h ago
The only thing stopping you from losing the remaining 30% is Thur's market close. Sip some sanity mate.
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u/BeerNirvana 6h ago
Your money's in Joe's house .. . . right next to yours. And in the Kennedy house, and Mrs. Macklin's house, and a hundred others!
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u/MajikoiA3When 16h ago
Take this chance to learn about risk management. It will help you avoid shit like this, even if you "all-ined" on a trade it should only be 10-20% of your port.
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u/thissempainotices Has The Right Attitude 15h ago
how will you provide maple syrup to your moose now
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u/NeverJustaDream 15h ago
Honestly, I'd say you're doing better than a lot of people. Maybe not when it comes to your money situation, but the fact that you're able to recognize your mistakes is going to go very far in the stock market.
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u/Embarrassed_Rock817 14h ago
I've lost or going to lose half my long calls if this market doesn't go up soon..i feel worried also. Hopefully its just a quick correction..Trump and Musk being in office I have high hopes.Ismt Elon Musk going to be responsible for financial management???
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u/TayKapoo 14h ago
This looks quantum. On the bright side, you're probably up bigly in another universe
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u/daners101 12h ago
Just gotta do a couple 2 or 3X trades and you’ll be right back to even-steven.
It can be done without taking “excessive” risk as long as you can exercise a bit of a patience.
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u/EducationalGain4794 10h ago
Did you diversify your profile? Or, put all your money into 1 stock?
Or, are you another victim of "Options".... It's optional to loose your shirt.
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u/Ratk1ng_1 7h ago
Isn’t the stock market historically just positive if you aren’t a dopamine fiend after a quick rich high. Gotta be extra special to lose all your money in the stock market.
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u/Ok_Time_8815 6h ago edited 5h ago
Just take a loan pick a meme stock and use the highest leverag possible. What could possibly go wrong... :4271:
You are 1 trade away from breaking even or a lifetime-ticket at Wendy's dumpsters.
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u/aftherith 4h ago
Weirdly that is almost the exact amount in my RH account after having a great day yesterday. It's all about perspective.
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u/VisualMod GPT-REEEE 18h ago
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