r/wallstreetbets • u/hddatzD • 1d 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.

667 Upvotes

94% Upvoted

View all comments

Show parent comments

u/hddatzD 1d ago edited 1d 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 .

5

u/darkcreamale 1d ago

https://preview.redd.it/5oqcd17dhvbe1.jpeg?width=1080&format=pjpg&auto=webp&s=59f0c38ae91cede390687286096c9fe440f0fa62

What's up, Wealthsimple regards. Is this a coping session?

1

u/JimmyMcTrade 13h ago

Yikessss. I thought I was dumb being -2k in WS account (sorry Nana).

2

u/darkcreamale 13h ago

Well, you are dumb.

1

u/darkcreamale 11h ago

That big spike in the middle was Aug 5th. Bought 5 520p 0dte. Like 178usd total. Sold for 5k usd. Wish I just stopped being an idiot. Then I had 14 weekly puts on SMCI in Novemeber. Turned 300 to 4k. Trying to find the next multi bagger

1

u/GroupKooky 1d ago

Yeah I did the same thing when I lost a good chunk of money. Revenge trading hardly ever works out. Don’t worry about it though man, I’m confident where gonna trade our way back.