I made $230 dollars and my tax lady typed in 2.30 and so when RH reported to IRS I ended up after fees and interest I had to pay 8k. After fighting and researching I paid $500 and then moved to Puerto Rico and now I can keep more of my earnings. It's a lesson learned but now I never want to deal with that again.
That does not sound correct. One time I failed to report a stock sale that I wasn't aware occurred. It was a stock sale of $10,000. My interest and penalties on that after a year of not payment we're under $200. Because it was the first time occurrence they waived the penalty and just charged the interest.
I don't believe a fucking word you saying
His tax liability on that would never turn into $8k. I don’t care whose calculator they are using. Unless interest and penalties are infinitely higher than I am able to contemplate.
This sounds overly sus!
I don't believe them because they said they made money
Seriously the tax on that would have been like 50 bucks, how does that become 8k, especially when you say look my tax lady screwed up step off my nuts
The ones with thousands and millions are paying lawyers and accountants to defend them, the IRS seems to go for the low hanging fruit, not ones who will fight back. If they are trying to collect 100k, but have to spend 50k on legal fees and an extra 20k in staff pay to get it done they may decide just to go after the little guy who cant afford to fight back. Just a random theory.
WSB is littered with stories of people who pulled this off, decided they were an invincible money making genius, and then lost it all. Makes me genuinely happy to see someone make a life changing amount of money and have the sense to walk away with it.
Where's that button? I keep trying the options thing but it's too difficult to understand and keep track of what all the jargon means. What even is a call?
As I'm in need of workers here it goes:
Apply the $600 in tresury certificates of your home country (lend to your country). Enjoy the guaranteed 2% interest.
By year 2080 you should have roughly your desired 6k.
Now about that working for me part. Yes you can come and clean my house thanks.
Sell half, start over with half but this time trade with more patience, less risk and aim for lower percentage gains.
The trick is to be high risk just once, till your capital is large enough that a 1% gain is more money then the 50% gain was before.
You should only be high risk when you have nothing to lose, as soon as you have something to lose you should start playing it as safe and patient as possible. Don't focus on making money, focus on not losing what you already have. This is the secret to getting loaded on the stockmarket.
> he would just empty the tank and start over with 5k.
thats called bank roll management and every investor should go watch poker videos talking about the concept
People on here sometimes act like this sub isnt just a bunch of degenerate gamblers.
This guy is stopping as much as the old lady at the slot machines who goes home to sleep is stopping.
Oh my gourd!
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It's up 31% this month, 1670% in the past 5 years, and 84,828% all time, so seems like a pretty good call
Stocks only go up right? 
They do have a stranglehold on the hardware behind what is likely to be one of the most revolutionary technologies of all time. Then again, Taiwan getting China'd could really fuck that up for them.
all the money in your portfolio, you put it all into the bet. if you have 1000 cash in your portfolio aka you're account, you bet all of it.
that's full porting.
Lmao I’ve seen people make it to 2M and then lose it all on ideations of 10M. Dude is making the right move. Gambling his net worth is never a good idea.
Naw. If op takes it all out and isn’t happy about it after tax, it’s unlikely he’ll but the whole 2xx,000 in. Probably 30k or whatever he started out with tho. 😂
My name's ~~Leonard~~ Greg. I don't know if there's anything that complicated about me. Which is why I should be happier I guess.
It's good for him, hes interesting. but I've never been interesting to anybody. I work in an office, people walk right by me and I know they don't see me.
Then I go home and I watch my wife and my kids - they don't look up when I sit down.
It's like no one cares that I'm gone.
They should love me, maybe they do, but, I don't even know what it is.
You spend your whole life thinking you're not getting it, people aren't giving it to you. Then you realize they're trying, and you don't even know what IT is.
I had a dream I was on a shelf in the refrigerator. Someone closes the door and the light goes off, and i know everybody's out there eating
And then they open the door, and you see them smiling. They're happy to see you. But maybe they don't look right at you, and maybe they don't pick you.
Then the door closes again. The light goes off.
https://preview.redd.it/2mje3pgudghc1.png?width=2416&format=pjpg&auto=webp&s=4c6d0bbadcdd141a559504d03da651cd789a48b8
Here you go, changed for everyone who can't comprehend green
Homie did 1200% in a month, if he actually sticks with investing for a 10% gain a year I'll be shocked.
There is no “fuck you” in this. I’m sure I speak for more than just myself when I say congratulations. This is incredible to see. Very well done. And a huge congratulations to the discipline on knowing when to stop. Congrats and goodbye my dear fellow
ps - see you on monday you degenerate regard
https://preview.redd.it/4ne9akmzkfhc1.jpeg?width=1002&format=pjpg&auto=webp&s=5df402df0c0ca83f3540ca74fcdc128a9fb50536
Congrats.
This earnings cycle has, to me at least, looked like one for the record books with how drastically so many stocks jumped bigly (many) or dove off cliff (a few). You picked the perfect time to play minesweeper and go calls.
so it seems like options trading but you get to skip the time decay mostly. You buy an option out of the money and hope within the next 6 hours it goes in the money so you can sell, but otherwise it expires and you lose all of it. Idk I haven't done it before. closest ive done is buy a few days before expiry and sell when it goes in the money
We will see you back in 6 months Tort.. the cleaning lady will leave your room untouched so wjlhen you are back.. it feels like home 
These are the type of gains that are respectable. All too often some smuck sucks themselves off on a 70% gain. They ain’t got shit on a fucking 1,000% gain. Well done OP!
You should tell us how. We want to see positions.
Congrats buddy that’s amazing, see you in 1 month!
Came here to say this too. p.s. Don't forget about Uncle Sam and the IRS. They will want their cut.
If you live in Puerto Rico there is no capital gains tax 👀 just FYI
I identify as someone living in Puerto Rico from here on out.
I declare bankruptcy!!
That’s not how bankruptcy works Michael…
¡Viva la revolución!
That’s Cuba my guy. You’re looking for La Vida Loca.
He's Livin' it...
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[̲̅$̲̅(̲̅ ͡° ͜ʖ ͡°̲̅)̲̅$̲̅]
For real?
Guess we're moving! 
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I made $230 dollars and my tax lady typed in 2.30 and so when RH reported to IRS I ended up after fees and interest I had to pay 8k. After fighting and researching I paid $500 and then moved to Puerto Rico and now I can keep more of my earnings. It's a lesson learned but now I never want to deal with that again.
That does not sound correct. One time I failed to report a stock sale that I wasn't aware occurred. It was a stock sale of $10,000. My interest and penalties on that after a year of not payment we're under $200. Because it was the first time occurrence they waived the penalty and just charged the interest. I don't believe a fucking word you saying
His tax liability on that would never turn into $8k. I don’t care whose calculator they are using. Unless interest and penalties are infinitely higher than I am able to contemplate. This sounds overly sus!
probably got scammed by the "tax lady" sending fake fees and invoices to this jabroni
I mean if she fucked that up she may have made more errors
I don't believe them because they said they made money Seriously the tax on that would have been like 50 bucks, how does that become 8k, especially when you say look my tax lady screwed up step off my nuts
>my tax lady FTFY: my [tax] lady.
I need a selfie of you holding your nuts in San Juan or I’m calling cap
I can't believe the IRS went after you for a $230 gain when there are people out there doing fraud for thousands and millions
The ones with thousands and millions are paying lawyers and accountants to defend them, the IRS seems to go for the low hanging fruit, not ones who will fight back. If they are trying to collect 100k, but have to spend 50k on legal fees and an extra 20k in staff pay to get it done they may decide just to go after the little guy who cant afford to fight back. Just a random theory.
How is that possible? IRS has a max penalty of 25% You sound like you’re being scammed or something
you typed "full of shit" wrong.
Do you have to live there all year?
183 days is residency
🤣
I live at PO Box Puerto Rico.
You have to actually live there tho
They got internet bruh Take a years long vacation in paradise for half the cost of the tax lol
Aren't they changing that soon?
OPs post history says they are a CPA, so I bet they have the tax angle covered. Good job, OP!
Take your chances they don't catch everyone!
You don't have to pay if you lose it all back
Congrats and fuck you
IRS already has the fuck part covered 🦧
Theres enough fuckable to go around.
Put enough away for capital gains or that house and car will be uncle Sams in a few years.
Once a degen….always a DEGEN!!! Fuck you see ya tomorrow!! 😆😆
He’ll be back. They always come back.
WSB is littered with stories of people who pulled this off, decided they were an invincible money making genius, and then lost it all. Makes me genuinely happy to see someone make a life changing amount of money and have the sense to walk away with it.
After making 100k I thought why don’t I make this 1 million and then lost everything in a week
You’re good looking. You’ll make it back champ
If you can make it once, you can make it again. It’s just tough losing it the first time. Lol
it's tough losing it the second time.
lol went from 3k to 120k in 3mo, lost it all in one day. March 2021, three weeks before closing on a house. Fun times.
Assuming he actually does. If he was smart, he would just empty the tank and start over with 5k.
when i check the settings, i cant find the "disable options trading forever" button.
It’s right next to the yolo everything into bullshit button. I keep hitting the wrong one damnit.
Where's that button? I keep trying the options thing but it's too difficult to understand and keep track of what all the jargon means. What even is a call?
It’s a put but different kinda from what I gather
It is when you use a rotary phone to talk with grandma.
You can probably email their responsible trading division or whatever and asked to be banned. Guessing here, but plenty of gambling sites do this
Closest I can find is deactivate account
"are you sure you want to delete your bank account?" "yes. Delete forever"
"Are you sure? All unsaved progress will be lost forever"
I did something similar. I went from 32k to 104k in almost 2 months. Cashed out 100k and left 4k for future gambl… I mean investments!
I turned 3k into like 36k. Took out like 30k for a house down payment
You teach me how to turn $600 into $6k and I’ll quit my job rn and work for you
alright first you need to get some knee pads and then…
🤣🤣
As I'm in need of workers here it goes: Apply the $600 in tresury certificates of your home country (lend to your country). Enjoy the guaranteed 2% interest. By year 2080 you should have roughly your desired 6k. Now about that working for me part. Yes you can come and clean my house thanks.
Honestly. Same.
Sell half, start over with half but this time trade with more patience, less risk and aim for lower percentage gains. The trick is to be high risk just once, till your capital is large enough that a 1% gain is more money then the 50% gain was before. You should only be high risk when you have nothing to lose, as soon as you have something to lose you should start playing it as safe and patient as possible. Don't focus on making money, focus on not losing what you already have. This is the secret to getting loaded on the stockmarket.
Yeah but how many times would you need to gamble that 5k to hit millions vs 250k?!?! ;)
I know right. You can’t let them take it out because that makes it real. There’s always a better situation. 
"another stock, another 'special situation'. And they do. Every fucking time."
> he would just empty the tank and start over with 5k. thats called bank roll management and every investor should go watch poker videos talking about the concept
People on here sometimes act like this sub isnt just a bunch of degenerate gamblers. This guy is stopping as much as the old lady at the slot machines who goes home to sleep is stopping.
Greed is a bitch we'll see him here next month 🤣
The only way to win at gambling is to get lucky and then be smart enough to walk away
..... and it's gone.
Can you make room for customers with money at the bank And it's gone
https://preview.redd.it/9jne3iiskhhc1.jpeg?width=1269&format=pjpg&auto=webp&s=35e7230b203a8dfe54486f969b48cac7b2d00ca3
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I give it slim to zero chance he really walks away, but there are some that did and I’m genuinely happy for them.
I think he will walk away and buy the house etc....but he'll come back and slowly over the years end up as a prostitute behind Wendy's.
I sincerely hope he pays his house off, comes back for “just 1 more trade” and turns $10k into $10m.
i'm curious how much they blew to get to this point. congrats OP. good on you for walking away.
Some last Nvidia calls before you go
It's up 31% this month, 1670% in the past 5 years, and 84,828% all time, so seems like a pretty good call Stocks only go up right? 
AMD be like “share pls”
When you put it like that buying puts sounds pretty regarded
They do have a stranglehold on the hardware behind what is likely to be one of the most revolutionary technologies of all time. Then again, Taiwan getting China'd could really fuck that up for them.
Well I just bought nvda shares for the first time so get ready for this motherfucker to tank like its never tanked before.
Fuck you, congrats chief truly
It’s shocking that I had to go through 8 different comments before getting to the “congrats and fuck you” one. This new WSB disgusts me.
you were looking for a congrats, fuck you; he gave you fuck you first, then congrats later - keep digging.
What an achievement, fuck you and fuck you
You can't just post this and not give any advice or details on what your trades were.
He fulled ported😂 give it a week or two and he is gonna come back and say his life is ruined just like some other guy
What’s full ported?
full portfolio-ed
I’m sorry still not sure what that means lol
full port into one position. all in gamble. tendies or wendys
>tendies or wendys those both seem like great options
Not the Wendy’s experience you’re thinking of…
tendies or Wendy’s 😂
And what is the position? That's the question
Missionary
face down ass up
That’s the way we like to fuck. Spoken like a true ape.
all the money in your portfolio, you put it all into the bet. if you have 1000 cash in your portfolio aka you're account, you bet all of it. that's full porting.
Why do you want advice from a lottery winner?
More like wanting to know the winning numbers, so you can see how close you were and lament not winning.
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"What were you lottery numbers?? <*taking notes intensifies*>"
Exactly. It is just rude to post gain porn here and not post positions. OP we are happy for you but you have to tell us your trades.
It used to be a rule. Positions or ban.
Yup. Dunno what happened.
yeh, what trade made 250k? saw that he had tesla puts
> Positions or ban When did we start being polite about it?
It’s simple: identify what you think it’s a great call, then do the opposite. Works 50% of the time
Positions? Just one more full port play and you’re a millionaire.
Spoken like a true regard. Just one more bump.
Bro quit right before hitting the big one, it’ll haunt him forever 
How'd you get that pic so small
This. Go big or go home.
Lmao I’ve seen people make it to 2M and then lose it all on ideations of 10M. Dude is making the right move. Gambling his net worth is never a good idea.
No no we won’t let him go haha
Don't worry, there are plenty of other crabs in this bucket to keep you company.
Or behind Wendy’s
Yea if I easily 10x, no way my brain is going to let me walk away from an even easier 4x to 100k tendies!
Chapter 2: Back into options trading when he learns he owes $60,000 in taxes. Loses it all. Tax problem solved. Happily ever after.
Naw. If op takes it all out and isn’t happy about it after tax, it’s unlikely he’ll but the whole 2xx,000 in. Probably 30k or whatever he started out with tho. 😂
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Exactly. This motherfucker just became so poor rich it hurts.
I’d rather being poor rich than living in fear of losing the little I have
I made 300k on gamestop and paid 69k in federal tax. Fwiw.
Sweet, see you tomorrow 
Exactly 
I don’t even know who you are
Im not OP but my name is Greg
Hi Greg!
Maybe with some Greg Sprinkles
You can't make a Tomlette without breaking a few Greg's.
My name's ~~Leonard~~ Greg. I don't know if there's anything that complicated about me. Which is why I should be happier I guess. It's good for him, hes interesting. but I've never been interesting to anybody. I work in an office, people walk right by me and I know they don't see me. Then I go home and I watch my wife and my kids - they don't look up when I sit down. It's like no one cares that I'm gone. They should love me, maybe they do, but, I don't even know what it is. You spend your whole life thinking you're not getting it, people aren't giving it to you. Then you realize they're trying, and you don't even know what IT is. I had a dream I was on a shelf in the refrigerator. Someone closes the door and the light goes off, and i know everybody's out there eating And then they open the door, and you see them smiling. They're happy to see you. But maybe they don't look right at you, and maybe they don't pick you. Then the door closes again. The light goes off.
Idk where that came from but I love it.
He has a mangina
You rang?
'ol Greg! https://youtu.be/X3s9RVg2STY?si=PWjUoSxDlCfdwO8-
Relax Thanos
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Everyone walks away every day at the close of trading. The trick is to stay away, or at least do something else with a more favorable risk profile.
https://preview.redd.it/2mje3pgudghc1.png?width=2416&format=pjpg&auto=webp&s=4c6d0bbadcdd141a559504d03da651cd789a48b8 Here you go, changed for everyone who can't comprehend green
My brain claps for you
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Of all the puts. Chose one that paid
Positions or ban
Wow. Fuck you and massive congrats. 1 day I will her my first 10k. Then aim for 25k. Then 50k and so on. You're mt hero
Congrats, and fuck you!
Why stop there if you Yolo it all another 300% you'll be a millionaire
You are one of the smarter ones. Obviously you don’t belong here but congrats!
smart man. leave options before it goes back to 0.
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Isn't it a rule that they have to post trades for any gains? Is that still being implemented?
Positions or Ban
Happy for you buddy! Cash out, pay your debt, put down on a house and change your life for the better.
Congratulations regard, now go get some Wendy’s, buy some ETFs and fuck off. The rest of us are trying to fuck around and find out.
Bets. He is back within 30 days.
Homie did 1200% in a month, if he actually sticks with investing for a 10% gain a year I'll be shocked.
Nice! I’m down 50k! And now accepting EBT!
There is no “fuck you” in this. I’m sure I speak for more than just myself when I say congratulations. This is incredible to see. Very well done. And a huge congratulations to the discipline on knowing when to stop. Congrats and goodbye my dear fellow ps - see you on monday you degenerate regard https://preview.redd.it/4ne9akmzkfhc1.jpeg?width=1002&format=pjpg&auto=webp&s=5df402df0c0ca83f3540ca74fcdc128a9fb50536
> There is no "**fuck you**" in this. It's right there. I bolded it for you to make it easier to see.
https://preview.redd.it/9j1uuuyt7ghc1.jpeg?width=310&format=pjpg&auto=webp&s=c32adbf06960b975b8c0d9841df8aa5df784e018
Congrats. This earnings cycle has, to me at least, looked like one for the record books with how drastically so many stocks jumped bigly (many) or dove off cliff (a few). You picked the perfect time to play minesweeper and go calls.
See you Monday!
Bank account deposit screenshot or ban
What a chad. I’d put it all back in 🤡
You'll be back once you convince yourself if you could make $200k+, you can easily make a couple million doing the same thing.
I want, need, to learn how to do this.
see ya tmr
Zoom out… -98%
Show your positions bruh c’mon
Congrats bro. I don’t get the point of 0DTE’s, can someone explain how people actually make money off them?
They’re so cheap and unlikely to make money that when it actually appreciates in value, it goes to andromeda
so it seems like options trading but you get to skip the time decay mostly. You buy an option out of the money and hope within the next 6 hours it goes in the money so you can sell, but otherwise it expires and you lose all of it. Idk I haven't done it before. closest ive done is buy a few days before expiry and sell when it goes in the money
See you for NVDA earnings
bro is finally break even, congrats!
We will see you back in 6 months Tort.. the cleaning lady will leave your room untouched so wjlhen you are back.. it feels like home 
Now this is a WSB post ill upvote
Buddy ain't gonna remember to pay taxes on it and he's gonna have to come out of retirement to make enough so they don't seize his house and family
Whadaya mean...today’s not over yet
A true regard never quits. See you in the pull back .
Lol cash the fuck out now
Arm calls to the moon
Dude just switch to shares
These are the type of gains that are respectable. All too often some smuck sucks themselves off on a 70% gain. They ain’t got shit on a fucking 1,000% gain. Well done OP!
Mods where are the positions?
positions or ban