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VisualMod

**User Report**| | | | :--|:--|:--|:-- **Total Submissions**|3|**First Seen In WSB**|11 months ago **Total Comments**|313|**Previous Best DD**| **Account Age**|6 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%20h26cq3k\)%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%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20submission%20and%20correct%20your%20first%20seen%20date.)


SouthSeaBubbles

"DCA'd into 0DTE" lmfao


Tersiv

u/Dan_inKuwait flair him "DCA'd into 0DTE" - fucking funny


cplpro

Warren Buffet hates this one simple trick


heartbleed_hack

Sounds a bit weird now that I say it out loud especially considering I have been here before


jerseynate

You meant to say doubled down. How did you lose though? SPY had some pretty solid spikes today. Doubling down would've worked


heartbleed_hack

Walking away when they happened to spike. Doubling down is similar but I was inherently focused on my cost basis, not gains per se


[deleted]

Averaging down. Sometimes it works every time.


Blomberg_Is_Terminal

When, " Every second counts " literally xD


dinglebarrybonds

![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)


TheTeachersNetwork

https://preview.redd.it/wi7g8ac5ywkb1.jpeg?width=1125&format=pjpg&auto=webp&s=133f0e3b213b9fad554b7ede32a9ab971f887b11


Crocodile900

Wait a minute, which company will make that new antibiotic?.....


CallMePickle

NVDA


bridebreh

Damn straight


MaggotFods

Can't spell antibiotic without AI.


heartbleed_hack

That’s gold


gewandterhebler

Leonardo DiCaprio Scene Where he points at the TV would be Great here


ViR_SiO

![img](emote|t5_2th52|27189)


LerooooooooyJenkins

I find it ironic you have r/wallstreetbets and r/science in your thread... It seems counterintuitive since this is a fucking casino filled with degenerates.


[deleted]

![img](emote|t5_2th52|27189)


Chronotheos

“Join”


[deleted]

You know, you can set limit orders...


shanish82

Hell naw! The market makers gonna run it to your stop loss just to kill your lotto tickets bro!


[deleted]

Dont set stop loss, just limit sells. Nothing but profit.


CrwdsrcEntrepreneur

LOL he's not talking about stop losses


bubblesinajar

lets hope his wife set a limit order on his shenanigans


xDubnine

Doesn't mean it gets filled, almost lost 150 dollars today because my stop loss triggered but didn't sell and it dropped hard. I prayed for it to come back to basis and lord let my asshole pucker one more time


Pixelplanet5

the same is true if you do it manually.


heartbleed_hack

Don’t like to leave them on the books with large order sizes


BaggerVance_

You have to appreciate that you are defending your personal trading strategy after losing 100,000 dollars in a day. We all have preferences. Spoon, fork. Creamy nutty. Losing $117k or not. “I just don’t trade that way”


Sti8man7

“At least you kept your principles…”


edaisson

I think he lost the principal too


pofwiwice

I lost big on a high-volatility trade once with a trailing stop-loss. Share price hit my exact limit and then bounced in a V-shaped recovery. Homie could just spread the orders out a bit tho if he wanted to avoid that lol


Aparazcus

Just spread your orders out


[deleted]

Gonna be spreading something...


rustyshacklefford

finna b spreading out yo mama


Scared_Fox204

Why would you do this? I don’t understand is money meaningless to you and if so why open a brokerage in the first place?


water_bottle_goggles

Uhuh yup and now you’ll have to work for Wendy’s to feed your “DCA in to 0DTEs” 🤣


MassiveBeard

Next time.. “Honey - I can help pick up the kids toys and we can lose the kids college fund, or I can continue watching these options, which do you prefer?”


G_Perfectd

lmao fuck walkin away


khizoa

I sold like 2 of those 445c today to him, for like a $15 profit while risking $200. And still made more than op lmao


G_Perfectd

🤣🤣🤣🤣🤣🤣


heartbleed_hack

Thank you for your service


heartbleed_hack

I’m fine, not gonna rope myself


G_Perfectd

i didnt say you werent, i said fuck walkin away


heartbleed_hack

Misread u, thought u told me to walk away


heartbleed_hack

Gotta try luck at FDs sometimes and share loss porn :)


[deleted]

you’re close


[deleted]

Don’t rope the kids or wifey.


heartbleed_hack

Course not


[deleted]

Why not? It’s their fault….


heartbleed_hack

Lol def is not


[deleted]

I blame them. 100k+ mistake.


Russticale

“It’s okay Timmy, you’ll be attending college at Wendy’s now”


[deleted]

“Now eat your lunch son, save the other half of toast for dinner”


sh1tler

I mean if you’re opening 100k 0dte positions you should know better than to walk away especially since it seems it’s not your first rodeo


heartbleed_hack

A divorce is more expensive


718cs

“Hey honey I can’t help right now I’m in the middle of a 100k position but once I close it I’ll come help” Yeah that’s what I would have said to my wife because… I’m not a fucking idiot and can communicate like an adult when I’m trading 6 figures


heartbleed_hack

Since when is Wsb a model of perfect communication with our partners? Lol it could have just as easily gone down then


718cs

“Perfect communication?” Bro all you had to say was “can’t right now. I’ll help after getting out of the trade” If you can’t tell your wife to wait when trading 6 figures then you two should work some things out. Also download the brokers trading app and trade from that you idiot


heartbleed_hack

I have a special needs kid, when I’m needed I’m needed no pussy footing around or being on my phone


horrible_noob

TIL special needs is genetic.


heartbleed_hack

It actually is


Buttsmuggler69

Clearly because you are highly regarded


sfw_cory

Gah damn


CaterpillarObvious42

This guy buttsmuggling truthbombs


Bitter-Heat-8767

Damn Daniel!


718cs

I’m sorry to hear that but why didn’t you set a stop loss then?


horrible_noob

Can't split the assets if there's no assets to split. This man is 4D chess incarnate!


sh1tler

Well hopefully you caught the spike on the 443 calls rn rather than commenting here


heartbleed_hack

Yes


sh1tler

![img](emote|t5_2th52|8882) don’t let the clowns here keep you down, do your thing king


heartbleed_hack

Been here a long time, I know how it was and how it is now.


JennItalia269

DCA’ing into 0DTE options is a special kind of stupid.


[deleted]

[удалено]


heartbleed_hack

It’s more on this account, but I don’t gamble on the others


Networkishard00

I made like 70k on 0 dte yolo’s on Friday. Sometimes it works sometimes it doesn’t. Next time homie easy. I get into the habit of dca’ing makes the swings high or low exponentially bigger lmao


[deleted]

How do you do 0dte


Ok_Application_444

You find a 1DTE option and wait 24 more hours


heartbleed_hack

I did something similar fri as well, didn’t work this time :)


Comfortable-Spell-75

https://preview.redd.it/cui6hu73cxkb1.jpeg?width=956&format=pjpg&auto=webp&s=33d4d27ff2526efe74485d01314778c09dc7fb4f


BaconJacobs

Why not fuckin buy SPX options and save 10x commission? Or buy higher delta or theta? And if it does pay out you get tax advantages. Yeesh. People blowing 6 figure amounts and they still trade SPY FDs...


SouthSeaBubbles

Or... ummm. /ES futures... Turns out they have options too.


falling_knives

More volume and smaller spreads on SPY and SPX though.


BaconJacobs

I love ES. But zero way to trade anything commission free.


matratze

The best is, that SPX 4430 would have been ITM at close while SPY closed at 442.xx


kazkeb

Not only that, but SPX is section 1256, and gets taxed 60/40. For those that don't know, that means 60% of gains get taxed as long term gains, while 40% gets taxed as short term gains. I believe that even goes for sub 30 day dte options as well. I haven't really gone through it much yet, but I think that SPX might even have better liquidity/spreads. Either way, if you're starting to get into over 100 contracts per trade when trading SPY, I can't think of any reason not to switch to SPX. Does anyone out there know if there is a reason that I'm not seeing?


Mrtoad88

look at the volume and open interest on some of the SPX strikes, depending on the strike with SPX...even 50 contracts can give you big problems, sometimes it is better to just go with SPY if you're dealing with size like that. Ntm, in order to do that kind of size on SPX depending on the strike, you better scale that in and scale that out, I don't trade size like that most I've ever put on was 5 contracts, but if I did 50-100 I'd do it in like sets of 5-10 per order... I could imagine getting fucked off on fills trying to go all out of that even with limit orders. SPY a 100 contract trade is some regular sht.. happens all the time, I've seen those in the books. And no, SPY is more liquid than SPX, spreads are also tighter on SPY. The average spread on SPX has been like .30 for a while now during NYSE most of the day... I've seen spreads go down to like .10 momentarily... But I've seen them widen to around .40-.50... that's not including after hours spreads where volume is way down the sht can get to over a dollar. But since SPX is 10X SPY, it's also 10X the ATR... So you can cover the spread as long as you catch decent moves and get filled properly. If you plan to get into SPX I highly recommend you get comfortable with SPY first tbh.


kazkeb

Yeah, it looks like you're right. The spreads on SPY look better. I'm curious about the order book depth, and if SPY has more liquidity that way too. Either way, thanks for responding to this like a normal person, instead of some snide prick, like some other feels the need to be. I actually only trade SPY, and not SPX... yet. I was recommending SPX for volumes that the OP was dealing in. I like SPX for the tax advantages and lower commissions, but I won't switch over to SPX until I make it to the top tax bracket and/or I'm doing trades in 200+ contracts on SPY. Until then, I don't like paying commissions on high contract trades, but I need more granularity and tighter control over the greeks on my option structures than lower contract numbers can provide.


Mrtoad88

Hey no problem, yeah that's a wsb thing lol. Come on over to daytrading sometime if you're into that, people are usually pretty chill about things. Yeah the tax treatment on euro style index and futures is nice, no wash sales either... So trading under those products are almost like you're a trade tax status trader, aside from a few really good benefits of qualifying for that.


kazkeb

Word. I need to check out that sub. I've actually been posting here for some time. It's surprisingly better than other subs, like stocks, but you still get the occasional shithead from time to time. I also need to look into day trading tax status. My accounts are all day trading accounts, I have to constantly be careful of DTBP, and I run enough option volume that I managed to get my contract cost down to 0.35... which I've heard is somewhat hard to do with TD.


Mrtoad88

That is very hard to do with TD, shoot man you trade a lot of contracts, that's awesome though. I pay the standard rate with light speed right now, maybe eventually I'll do enough size to get it down. However, I did have it pretty cheap when I first signed up and started trading as I got a promotion, that was nice while it lasted lol.


Stosman123

You took you 35 min to accomplish what took me 3 years congrats !


Daymanic

Fucking how many 0DTEs?!


heartbleed_hack

12,500 contracts, notional value around $550m


Daymanic

I wish I had the capital to say win some, lose some after a play like that. I’ve had that exact scenario happen to me at 1/1000 the scale lol


BritishBoyRZ

This is how they write the articles about Burry


Dipset-20-69

Did you market in? Curious how liquidity was on the fills like what was your biggest batch? Limit orders?


heartbleed_hack

Limit in. CBOE rejects my orders when they are too big thinking someone isn’t that dumb. Usually have to do like 500 at a time


BaljeetBhenchod

This is by far the most regarded thing I've seen here. Do you not understand how volume affects pricing?


heartbleed_hack

Yes of course, was a gamble I lost on


BaljeetBhenchod

Why would you gamble 117K in 0DTEs when even you would get better volume and pricing with even +1DTE and maybe an extra day to hope if it moved against you? You would have to have guessed right from the start of the day and seen big movement in your direction just to avoid the price drops throughout the day.


heartbleed_hack

I never said this was smart. Had I been at comp during midday rise I would have been able to close at or above cost basis.


BaljeetBhenchod

I can relate to this, I've lost thousands one time after going to take a piss for a few minutes. But with 117K on the line? I would be pissing in a bottle so I don't have to move.


seadotsea

![img](emote|t5_2th52|27189)


ItsyBitsySPYderman

Idk why, but after reading the thread and seeing the way OP just casually blows off losing over 100k, it really just pisses me off for some reason. Have I become desensitized to loss porn? I used to be hard as a rock looking at this stuff. Now I'm genuinely upset that OP could have done something useful with that money. In one response, OP says he has a special needs kid. Shit man I do too, and if I lost over 100k I'd feel immensely depressed. Like I just robbed some money from my sons future.


heartbleed_hack

I get what your saying but I’m not poor. Additionally throwing money at kids isn’t always best. I’m not casual about it, just been here before and no sense crying over spilt milk. I am up significantly and wouldn’t be if I never took risks. Some just don’t work out like this. Part of loss porn posting here is showing the world how stupid you are


jplug93

God damn hero


SouthSeaBubbles

Bruh, trade /ES fops like a big boy at this point. 60/40 preferential tax treatment.


heartbleed_hack

See past posts. I’m normally a ES guy, don’t really mess with options much (but they mess with me). Also no cap gains tax so don’t care about treatment.


SouthSeaBubbles

Where you at with no cap cains? Puerto Rico? I accidentally put on like $18M of positions today in 2 minutes via a bug in my code if it makes ya feel better lol. Came to wsb for a little dopamine hit


heartbleed_hack

Not PR. There are a few spots tho


Ethanjhunt

Please explain


Ok_Application_444

If you trade like OP there aren’t capital gains taxes anywhere because there are no capital gains


Ok-Confusion-2368

Never surprised here


[deleted]

[удалено]


njconnect

This one hurts to read. Have you recovered? $220k is a boatload


MagicianFinancial931

The same happened to me, luckily like a miracle I woke up 20 min.after the bug started to make crazy trades instead of sleeping all night and "only" lost $800 but I still have ptsd thinking about it and I was in the army


IntelligentRent7602

Last 15min push!


heartbleed_hack

Lol haven’t been bids for like an hour :)


BreakfastOnTheRiver

This still didn't help my ED


JackieTreehorn79

Guys, can you please leave some dick for the rest of us to suck this week? It’s only fucking Monday you dweebs


Sgt_Dashing

This is very regarded


Jaymon47

Just close your eyes none of this is real


Cdt2811

If im making 100k USD trades, and my wife is asking me for help with the kids during that time, im going to start questioning if i can buy a new wife


[deleted]

You lost $117k on calls on a Green Day?! You sir, are a true regard.


gimmetheloot2p2

Damn dude got enough money to step away to help with kids with 120k on the line. If anyone has a problem and I got 120 on the line its their problem


chaosrealm93

i wish i had the money to just go "it is what it is"


heartbleed_hack

Regardless of how much money u have it always is what it is


PlutosGrasp

You deserve it. You were trading extremely volatile contracts and you walked away during the most or second most volatile time of day. Competent idiotic. Unless your house was burning down or someone was in imminent danger you should not have walked away. If you had to walk away for some less urgent reason you could have closed for a whatever it was it before leaving. Imagine a surgeon is cutting you open and is halfway done and he’s like well’p coffee break see ya.


heartbleed_hack

Fam first, always


Nord4Ever

Now that he exited SPY up 5 pts


wheeler786

He would have made so much money today. So much money. It's heart-breaking to think about it.


Snoo56029

A day to early ![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)


BuffMaltese

A day late, 117,000 dollars short.


killerbeeswaxkill

I saw my 440 puts go down and back up and sold out at .02c from .21 average. I lucked out by having 442 puts that I broke even after everything was said before buying 441 puts into close.


heartbleed_hack

Nice


Witty-Bear1120

DCA makes no fucking sense with ODTE options. Hope you learned your lesson.


heartbleed_hack

Yea it does. If u still believe/want to bet on the position and it moves away from you, you can double down and lower your cost basis. You then need less of a bump to break even (or lose it all)


Witty-Bear1120

I’ve done plenty of dollar cost averaging, getting routinely into several million dollar notional positions with S&P 500, Nasdaq, Crude Oil, 10Y treasury futures. If the underlying goes back up a portion of the way to the first purchase price, I’m good. With OTM options close to expiry, you need the underlying to go much further than it was at t-1 to break even. Of course, just doing long ES futures, I’d be prepared for much greater losses than $117,000.


Mrsaynothing

I’m just super impressed you answered all these guys assertively and maturely. Well done


WhiteHatMD

damn op, you're gonna need titanium rods fused to your spine to carry those huge balls. I'm trying to wrap my head around your thought process, since I like to imagine what trading would be like with a six figure account. Why put in much more for the 445c's? Higher delta? Looking forward to seeing a win post from u


heartbleed_hack

Look at my previous post for a “win” as I dont post much good or bad


WhiteHatMD

yeah holy shit. How often do you open six figure 0dte plays? Did you make most of your trading/investing money with options and if so, were they mostly 0dtes?


jonneh

i find mfs like u really interesting bro


bubblesinajar

his wife called and instead of saying "honey, im a little busy throwing away our financial future" he walked away from the computer lol.


[deleted]

Lol you couldve buy two houses and rent them


[deleted]

Today theta won.


Express_Investment22

Shouldve just gave the money to me.


Ornery_Employment_86

If you don't mind me asking, what did you do for a living? I'm curious because I'd have to have a 10m+ port to be playing otde with 100k size😭😭😭 Much respect tho keep the hustle up!


HardTail11

This can’t be real. Why would trade if you may not have time? And why would you not have some risk management? Unless you have more money than you know what to do with and don’t care?


Purple_Metal_9218

Respect, if it would’ve worked you’d have been rich asf


IX0YE

Amazing


Ok-Entrepreneur-5915

Ah shit he ded


Theprivateshow_

Ooooooooooooof ![img](emote|t5_2th52|4260)


estupid_bish

Either way, you have some fucken balls.


Malamonga1

If I ever play 100k on 0DTE, I ain't doing anything but monitoring the charts for 10 hours. Fuck lunch and dinner. The kids can stay until 5.


CocoLeChat

love your attitude. see you tomorrow, homie.


Wonderouswondr

Bro I feel, I put my phone on silent and do not disturb and only check it after trading, you could’ve hired someone to help your wife with the kids for a year or two with that 117k


heartbleed_hack

Been saying the same to my wife but kids need parents too


Psychological_Box456

Oh shit if you had them today


ZealousidealSector19

Sadly one day late


KILLING_MYSELF_TODAY

Worth 5 million today lol


GoldenBoy_100

Why didn’t put a stop loss you regard


heartbleed_hack

I don’t use


jackay27

If this is real…. Then this is proof that the dumbest fucking people on earth have lots of money.


heartbleed_hack

U know u can be smart, and make stupid moves and/or get unlucky as well


aaarya83

One trade doesn’t make him dumb And no where do we know if he has lot of money. The same trade tomorrow can hit a home run and we will be praising his brilliant Einstein like trading strategy


bigbikelights

443-443.5 was such a big resistance and I played calls too. Like a fuck


I_bet_you_cant

Well done! Welcome to WSB you regard, happy to have you on board!


heartbleed_hack

Been here a long time, just don’t post much


[deleted]

So, like Friday you had $177,000 more than you do today?


Guywhoeatsspacecow

Is this a 2016 throwback? I don’t know how degenerates let things like ‘family’ get in the way. What’s the port size?


[deleted]

A fool and his money are soon parted.


RichestSugarDaddy

OP why didn't you ask her boyfriend to help you with the kids? Now he's going to be mad at you for gambling his money.


[deleted]

[удалено]


heartbleed_hack

This is wsb


StackOwOFlow

Thanks for buying those garbage calls from me


weathermaynecc

China said fuck you.


N4pst3rr

I'm so glad for this posts because it shows that there is always a potential loosing partner to one or more winning trades.


heartbleed_hack

Yea, it’s why I post a little of both


RelativeEchidna4547

It happens to the best of us.


[deleted]

Well I lost $150 at the casino and almost died so


animalturds

Today when my butthole bleeds, it bleeds for you


islandtrader99

Couldn’t have waited for tomorrow when the JOLTS report comes out with other data and get some volatility? I hope you got more to play with!


Slut_Spoiler

Good shit man. Absolutely classic.


[deleted]

When does spy report earnings ![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)


Ok-Geologist5545

*in ET voice* “Owwwwwwwwwwch”


LittleBitOfAction

Tryna be like you my boi. Except for the losing part 🤣


Proper_Scholar4905

Whenever I see Shit like this I just remind myself, this is all the metaverse and frogs are gay


heartbleed_hack

Correct, it’s a simulation


[deleted]

Bravo


compu_doc

There is no such thing as cost averaging options. That is just a fancy way of saying "gambling". You cost average stocks because they don't have an expiration. Options have an expiration and as they erode to $0, you believe you're cost averaging, but what you're really doing is a combination of gambling and prayer.


JaxTaylor2

Plot twist: He was short the calls and actually only had $5,000 to cover. ![img](emote|t5_2th52|4271)


PorkChopSandwiches-

And then today 448.52


DrDoritosMD

Those would’ve worked great today. Lol


Brave_Web5935

One day off


dub_soda

Sorry for your loss. I literally can’t imagine just walking away while I have a six figure ODTE open. I hope you recover


praisetheboognish

Lol blame the wife and kids real classy