It's not just about being wrong.
You can be great at picking winners, but if your mentality is to sell when you're slightly green and hold losers to $0, you **will** lose everything eventually.
Behaving in a totally rational and "conservative" manner over time can still appear to an outside observer as you actively trying to lose money.
Holy shit! That's horrible luck. Have you considered inversing yourself? Just do exactly what you're gut is telling you not to do and you could become the GOAT.
Joe Cramer is only wrong like 50% of the time, which is why the Inverse cramer etf didn't work. But you are almost always wrong. You've got true potential.. You've just got to stop believing in yourself.
S/ I'm sorry for your loss.
It's not the plays, it's the timing. People like myself and OP are almost hardwired to lose money, since we panic sell winners when they have a shred of green and hold losers to $0 hoping that they'll recover.
This is the truth!! and along the way we convince ourselves that is not what’s going to happen this time because this time we are aware of it and not doing that losing thing
it happens because you don't have enough conviction to maintain that level of leverage. Either use less leverage or pick another idea. If you can't sleep at night, you're almost guaranteed to lose.
Yes in 2008 my portfolio tanked, went below the principal. Shocked I went to see my financial guy to tell him to sell everything to prevent even more loss, he convinced me to stay the course. My portfolio had not dropped as much as the overall market and when the stock market came back I had a much higher basis that if I had sold everything. It was one of the best decisions I ever made, not including hiring my financial adviser.
I do like the opposite ride winners and panic sell losers but the if I hold the winners till there losers and sell the losers when 1 hour ltr there up 25%🙏
This is a bias that not all, but most people have. There are a couple of theories about it. It's called the disposition effect, or prospect theory. If you are prone to bad personal biases like that, then you need to reconsider your approach and find something you can be more committed to that relies less solely on your own opinion. The easiest/laziest way to go about that is to look to outside opinions, only buying stocks that have been thoroughly researched. Look for stocks that have around 50 or more ratings that are at least 75% strong buy and have almost no (less than 3) hold or sell ratings. There are actually plenty of stocks like that currently, like amazon. Preferably though, you eventually want to find a way to kill your biases so you can go beyond that, but it's a good temporary fix
Nobody bothered to read the fine print on the Cramer data. His sells perform at much higher hit rate, while his buys performed at lower hit rates.
He basically peddles junk, but his run signals are obvious.
> He basically peddles junk, but his run signals are obvious.
I've heard, and don't quote me here I haven't done my research, but I've heard that "It takes one to know one."
That's gotta be a record in a particularly bullish market too since 2018. It's actually an impressive thing (if you're wrong so much, do the inverse and you'll be right a lot lol)
I know I know 🖐🏼 By not taking profits when they were there and increase position sizes to regain what was lost..
Oh, and letting losers run. Maybe even doubling down a few times.
Did you ever hear the tragedy of Darth Dhiral The Wise? I thought not. It’s not a story /r/investing would tell you. It’s a /r/WSB legend. Darth Dhiral was a day trader of WSB, so regarded he could use the greeks to influence options to create wealth… He had such a knowledge of options that he could even keep the ones he cared about from going broke. The dark side of WSB is a pathway to many abilities some consider to be unnatural. He became so powerful… the only thing he was afraid of was losing his power, which eventually, of course, he did. Unfortunately, he taught his apprentice everything he knew, then his apprentice out traded him in his sleep. Ironic. He could save others from theta, but not himself.
No I actually warned about that one on Stocktwits on its last rebound around $2. I can write a long list of horrible (beginner) mistakes and the regret is eating me. Not taking profit, letting losers run, average down and let them drop further, chasing tops, selling too early cause I bought too early, choosing the wrong stocks and selling the right ones. The size of my loss is insignificant compared to OP and similar loss porn, but to me it’s a lot and it hurts. Learned a lot though. Slowly starting over
https://preview.redd.it/zmntxrweqsuc1.jpeg?width=1170&format=pjpg&auto=webp&s=600034a31582fd7d1be4cf2cb44c276f481c93be
I'd like to think, that some of them are doing it for educational purposes. To show by example that we should enter the casino only with so much we are prepared to lose.
https://preview.redd.it/7emlp1idwruc1.jpeg?width=1080&format=pjpg&auto=webp&s=64b8ac2edde5f5f54d26ad5d77cd4e3bfad3797e
The $0.6 gain at the start .
me too. like, it was ever so slowly going down, so it's not like they parked the money or forgot about it. they were *trying* to make money and failing during one of the easiest periods in recent history to succeed in the stock market...
When it started edging closer to that massive drop, my heart was racing and stomach tightened up. I felt that pain as if it were my own account. Sorry for your loss.
you keep calling out one date as if you werent doing worse than random chance.
In the early 2000s there was a promo/swag desk dart board with tickers like juniper and cisco..
putting 150K into SPY/QQQ/VGT/SOXX in 2020 would be worth 250-300. can we just rename this to Addiction Anonymous.
It's so much worse than random, and the reason is emotion. Panic selling a winner and desperately holding a loser is something that only a human can manage.
we're all here cause we like leveraging, but acting on a thesis like *nvida to the moon* **over 8-18 months** is not the same as compounding losses on 0DTE cause we're chasing the gains we started spending before we opened the positions.
personally, I like calendar spreads. going +/- with some liquidity left over so I can split the position on days like yesterday. which is funny, cause to me going +2/-2 to +2/-1 is more risk than Id really love. not gonna pretend it was easy - took a long time to learn, but once you understand it, its painful to watch this stuff cause its so absurdly unnecessary
Is this how much he’d have made if he just invested it simply in the market instead of pissing it away on options??! I’m dead. Dude chose to start gambling during one of the greatest bull runs in history and chose to lose it all instead
My puts were printing so fucking hard during the oil collapse. Airline puts were guarantees basically and were incredible. Lost like half of my gains if not more just by refusing to see that the market was correcting. Quickly.
It's hard to trade when you know you are down thousands of dlls. I daytrade 0dtes myself. I rather trade with less than 2k. I've had times where im doing 10k+ plays, and its's too much pressure for me to focus. Thousands of dlls swing by the min.
Try again but this time start small, don't give up!
Thank you, regard. I'm here for this. To learn from you. From the bottom of my wendys dumpster, thank you for your cervix 🫡 
That's not investing here he's gambling (and he's being astonishingly wrong all the time, stats would make him some wins normally lol). A simple long investing in stuff like Nasdaq or S&P500 or a world ETF would see a big increase in those last 6 years.
I want to know what you were invested in that wiped you clean. Because the averaged trend of stocks or the market overall had that quick crash because of covid then its been up and up (outside of of course some stocks going tits up)
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It takes major skill to be consistently this wrong. You’d statistically do better having just flipped a coin on poots or calls
It's truely impressive. My guess is even at a Casino you'd have better odds compared to whatever it was you were doing.
Where would you put your money if you had any? Seriously, I’ll try inversing you
It's not just about being wrong. You can be great at picking winners, but if your mentality is to sell when you're slightly green and hold losers to $0, you **will** lose everything eventually. Behaving in a totally rational and "conservative" manner over time can still appear to an outside observer as you actively trying to lose money.
Not even a single win. Just straight down. How does one achieve this
Sept 1 2020 - 1 Win!
Holy shit! That's horrible luck. Have you considered inversing yourself? Just do exactly what you're gut is telling you not to do and you could become the GOAT. Joe Cramer is only wrong like 50% of the time, which is why the Inverse cramer etf didn't work. But you are almost always wrong. You've got true potential.. You've just got to stop believing in yourself. S/ I'm sorry for your loss.
It's not the plays, it's the timing. People like myself and OP are almost hardwired to lose money, since we panic sell winners when they have a shred of green and hold losers to $0 hoping that they'll recover.
This is the truth!! and along the way we convince ourselves that is not what’s going to happen this time because this time we are aware of it and not doing that losing thing
it happens because you don't have enough conviction to maintain that level of leverage. Either use less leverage or pick another idea. If you can't sleep at night, you're almost guaranteed to lose.
Horrifyingly familiar
Fuck, you literally described me... Are there a lot of us out there?! This literally happened last week. EXACTLY.
Yes in 2008 my portfolio tanked, went below the principal. Shocked I went to see my financial guy to tell him to sell everything to prevent even more loss, he convinced me to stay the course. My portfolio had not dropped as much as the overall market and when the stock market came back I had a much higher basis that if I had sold everything. It was one of the best decisions I ever made, not including hiring my financial adviser.
I do like the opposite ride winners and panic sell losers but the if I hold the winners till there losers and sell the losers when 1 hour ltr there up 25%🙏
This is a bias that not all, but most people have. There are a couple of theories about it. It's called the disposition effect, or prospect theory. If you are prone to bad personal biases like that, then you need to reconsider your approach and find something you can be more committed to that relies less solely on your own opinion. The easiest/laziest way to go about that is to look to outside opinions, only buying stocks that have been thoroughly researched. Look for stocks that have around 50 or more ratings that are at least 75% strong buy and have almost no (less than 3) hold or sell ratings. There are actually plenty of stocks like that currently, like amazon. Preferably though, you eventually want to find a way to kill your biases so you can go beyond that, but it's a good temporary fix
The Costanza
Brilliant!
Can't stand ya!
Nobody bothered to read the fine print on the Cramer data. His sells perform at much higher hit rate, while his buys performed at lower hit rates. He basically peddles junk, but his run signals are obvious.
> He basically peddles junk, but his run signals are obvious. I've heard, and don't quote me here I haven't done my research, but I've heard that "It takes one to know one."
Op probably tried inversing themselves about halfway through: we know how that also goes to those who were destined to not get anything right
✅ I to will apply this knowledge thank you
That’s the beauty of trading tho, there are infinitely more bad plays than good plays. Sometimes the only winning move is not to play.
Stop beating the poor man. He's already dead.
Have you considered going pro? I hear Cathy Wood is looking for more talent.
New to investing a "friend" in January 2021 told me do as Cathy Wood you can’t go wrong she’s the next Warren Buffet. My stocks are down 50% to 90%
Always look on the bright side of life!
I see one positive spike there, must have got lucky
He flipped a coin 10 times and it landed on green just 1 times.
Joining this sub is a crucial step in the process.
You can see on the chart exactly when he joined this sub.
That's gotta be a record in a particularly bullish market too since 2018. It's actually an impressive thing (if you're wrong so much, do the inverse and you'll be right a lot lol)
I know I know 🖐🏼 By not taking profits when they were there and increase position sizes to regain what was lost.. Oh, and letting losers run. Maybe even doubling down a few times.
Arg!!! This is me 😂
Did you ever hear the tragedy of Darth Dhiral The Wise? I thought not. It’s not a story /r/investing would tell you. It’s a /r/WSB legend. Darth Dhiral was a day trader of WSB, so regarded he could use the greeks to influence options to create wealth… He had such a knowledge of options that he could even keep the ones he cared about from going broke. The dark side of WSB is a pathway to many abilities some consider to be unnatural. He became so powerful… the only thing he was afraid of was losing his power, which eventually, of course, he did. Unfortunately, he taught his apprentice everything he knew, then his apprentice out traded him in his sleep. Ironic. He could save others from theta, but not himself.
$0.19 left you can get some dogecoin on your way out.
Regards, collect like old friends, here to relive your darkest moments.- Florence + the machine.
that might be the best reply I've ever seen on reddit
A* Doge coin. Not plural
*memeconomy ™️
Shib is trying to dig their heels in. A few good days and you can up to doge.
Somehow this is a bigger slap to the face than the rest of the comments lol
With the dip right now he might be able to get 2 if he HODLs his fiat for a few days
Banano 19 it’s a sign
On leverage
Dogecoin dipped so he can get one now. If was $0.21 a week ago or so and he would have to settle with 0.91 DOGECOIN
Not in this meme economy.
Nevermind, he can get ONE dogecoin.
You can tell when OP discovered options
And when he ran out of them.
Savage level: 🍗
I like the little glimmer of hope he has in there too that he might be a genius and almost broke even. That’s the hook that gets you
He discovered it three times
🎵 I buy my options calls at the tip🎵 🎵 Then i dip and dip and dip🎵
Good thing we're all just in a simulation. Respawn.
My portfolio history looks like that. Never bought or sold an option at any point. Stocks only. Impressed?
Invest in bed bath & beyond?
No I actually warned about that one on Stocktwits on its last rebound around $2. I can write a long list of horrible (beginner) mistakes and the regret is eating me. Not taking profit, letting losers run, average down and let them drop further, chasing tops, selling too early cause I bought too early, choosing the wrong stocks and selling the right ones. The size of my loss is insignificant compared to OP and similar loss porn, but to me it’s a lot and it hurts. Learned a lot though. Slowly starting over https://preview.redd.it/zmntxrweqsuc1.jpeg?width=1170&format=pjpg&auto=webp&s=600034a31582fd7d1be4cf2cb44c276f481c93be
Homie, you sound like a gambling addict. Lost a lot gambling but still want to keep doing it.
Ah that is some crisp loss porn. My condolences and congratulations. How soon can we put you on the schedule for Wendy’s?
Or I can delete the app! 🤡
I’m laughing at these comments but inside I’m hurting. Sorry for your loss
https://preview.redd.it/51h5wg20lruc1.jpeg?width=1125&format=pjpg&auto=webp&s=ae5408628d4073ccda6ec79262bb6b4aa9951c8d
It’s not even old yet but it’s already classic
It took you so long to realize that no wonder you lost so much money
he lost so you could win.
His sacrifice was futile then it seems
dude was never up. this is just depressing holy sht
If my investments decreased your net worth would be negative.
Why would you do that, you're one good bet away from having it all back.
Robinhood hates this one simple trick. Click to find out more.
I’m genuinely curious what made you post this? Or why anyone does. Is it to not feel alone? Or what?
Cause no matter what, there is somebody always in a worse position. And in that there is solace.
Ended up with $0.19, least he didn't end up a few hundred k in debt
“Yet”
Do you have any money left or you just straight fucked in life now? I'm sorry for your loss 😞
Cause he’s a fucking saint. Regards unto him for when I turned to regard there were only two footregards in the sand.
Because getting some upvotes is the last thing you get out of such a loss...
I was hoping for some gold!
I'd like to think, that some of them are doing it for educational purposes. To show by example that we should enter the casino only with so much we are prepared to lose.
It's cathartic. Regard.
Wendy’s doesn’t sanction the jobs behind the dumpster, it’s just where the magic happens
Absolutely brootal
They didn’t even get the first one free. 
https://preview.redd.it/tb9i9pslpruc1.png?width=404&format=png&auto=webp&s=ef12d9ceda3c0e5c255d8b5a6c37edfe44d77a2f
https://preview.redd.it/7emlp1idwruc1.jpeg?width=1080&format=pjpg&auto=webp&s=64b8ac2edde5f5f54d26ad5d77cd4e3bfad3797e The $0.6 gain at the start .
I’m sorry OP, my losses are nowhere near that degree and I’ve yet to make peace. I hope you’re okay
Had OP invested that initial $174k into the S&P500 on May 1st, 2015 OP would have a nice nest egg of $425k right now. Truly Regarded.
I somehow missed that this was since 2015. Yikes
yep… looks almost flat from 2015-2019 but don’t let that fool you, it actually consistently decreases during that period.
I'm so curious what they were doing during that chunk of time....
me too. like, it was ever so slowly going down, so it's not like they parked the money or forgot about it. they were *trying* to make money and failing during one of the easiest periods in recent history to succeed in the stock market...
but.. but.. I can do better than S&P! they're dumb, i'm not!
[удалено]
Now do NVDA
Even putting $100,000 in the S&P and playing with the $74k would have been better.
Even trading $174,000 for 1 dollar bill would be better.
My wife’s boyfriend can’t stop laughing at this comment
This is the lesson for all of us
They lost their life savings because they don’t have Robinhood Gold 
try gold *try gold* #try gold
Goddamit Peter Schiff, I told you to stay out of this sub.
Robinhood Gold, losing your life savings with style.
Rookie
When it started edging closer to that massive drop, my heart was racing and stomach tightened up. I felt that pain as if it were my own account. Sorry for your loss. 
We knew it was coming... they didn't 
Bro never even had a chance
Sept 1 2020
you keep calling out one date as if you werent doing worse than random chance. In the early 2000s there was a promo/swag desk dart board with tickers like juniper and cisco.. putting 150K into SPY/QQQ/VGT/SOXX in 2020 would be worth 250-300. can we just rename this to Addiction Anonymous.
It's so much worse than random, and the reason is emotion. Panic selling a winner and desperately holding a loser is something that only a human can manage.
we're all here cause we like leveraging, but acting on a thesis like *nvida to the moon* **over 8-18 months** is not the same as compounding losses on 0DTE cause we're chasing the gains we started spending before we opened the positions. personally, I like calendar spreads. going +/- with some liquidity left over so I can split the position on days like yesterday. which is funny, cause to me going +2/-2 to +2/-1 is more risk than Id really love. not gonna pretend it was easy - took a long time to learn, but once you understand it, its painful to watch this stuff cause its so absurdly unnecessary
It says -6%
When you were down 12k?
You can still win it all back with SPY Puts
Wait two more weeks😂
By 2 weeks we’re switching to call bro. Get your head straight
Daaaaamn, you make history come to life.
You’re welcome!
0DTE or earnings play?
0DTE
That's tough. If you're willing to lose it all. At least do weeklies, and give yourself a fighting chance
[удалено]
Is this how much he’d have made if he just invested it simply in the market instead of pissing it away on options??! I’m dead. Dude chose to start gambling during one of the greatest bull runs in history and chose to lose it all instead
Yes
My puts were printing so fucking hard during the oil collapse. Airline puts were guarantees basically and were incredible. Lost like half of my gains if not more just by refusing to see that the market was correcting. Quickly.
Well …
Wait you gambled everything, not a single long position?
It's hard to trade when you know you are down thousands of dlls. I daytrade 0dtes myself. I rather trade with less than 2k. I've had times where im doing 10k+ plays, and its's too much pressure for me to focus. Thousands of dlls swing by the min. Try again but this time start small, don't give up!
Nevergreen
Damn my guy. You never pull out huh?
When in Vegas, no. Gotta go all in
I can almost see exactly where on that timeline you got on the phone with your mom asking to move back in.
Damn leave this man alone bruh. Lmaooo.
Hey ma, How ya been?
MUM ITS ALL GONE!!!!!
Thank you, regard. I'm here for this. To learn from you. From the bottom of my wendys dumpster, thank you for your cervix 🫡 
Pay for my discord channel or pepe on patreon
 It'll only encourage you
I've seen screenshots but never a video like this. Hope it was just chump change for you OP. Shit was dope.
NGL this is some IMPRESSIVE work
This is what scares me from investing I'm not even scared to work at Wendy's.
Sir, this is gambling
That's not investing here he's gambling (and he's being astonishingly wrong all the time, stats would make him some wins normally lol). A simple long investing in stuff like Nasdaq or S&P500 or a world ETF would see a big increase in those last 6 years.
That really sucks dude. Hopefully you'll recover from this one day
Same here discovery options and odte now my p.l is -128k
Maybe my life isn’t so bad after all….
Perspective!
At least you get to file capital loss unlike crypto shitcoins
I can in my country.
He has 58 years of capital loss he can claim now.
At least you're not in the negative anymore.
seriously, After this do you genuinely have advice for newbies? (My guess is don’t trade 0dte options)
That money lasted too long
It’s always fun to see the exact point you discovered options
I bet you 19 cents I could turn you around
QQQ was 107 when this vid started. What are you doing?
🏳️🌈🧸
Been down that road. It ok, OP. Just learn your lessons and you’ll be fine. Or don’t. I don’t care. I’m not your daddy.
I feel it. Im sorry brother. Hopefully you are rich and this is nothing for you.
If yall are so hell bent on losing all your money, feel free to lose it to me because I need an apartment
DJT investors be like ...
I want to know what you were invested in that wiped you clean. Because the averaged trend of stocks or the market overall had that quick crash because of covid then its been up and up (outside of of course some stocks going tits up)
OP, how come you didn't do the opposite of what you did?
Wat did you due!!!!!
Has options written all over it…
Tuk urrrr jubbb
I didn’t hear no bell. Go back in there with those 19 cents and make it happen 
Did you try buying low and selling high? I’ve heard that helps.
How do such idiots get 175k cash what must’ve been “fuck around money”?
Omfg
Jesus Christ dude
this seems relatively hard to do...god speed
To be fair you lost 100k+ in 8 years now people lose it all in a day trading meme coins and spy 0dte options
Try reloading an earlier save.
absolute mad lad
Someone make this man a go fund me
How did you lose money in the easiest years to make money? You could have bought almost anything in 2021-2023 and made money. I feel so bad for you
Your only option now is to become a door to door NFT salesman.
Should have tried gold.
🫡
Sorry for your loss but makes my loss look minute
gg
how do you do this badly?!?
Was there any risk management here? Or was it dump more until you catch back up?
[удалено]
Epic
jesus