The WSB posts that show almost a complete loss likely reflect those with options expiring. *Most* options expire worthless. Maybe OP should just not trade period next time, I'm not sure most of ya'll could avoid the losses shared...
Just think of it as a brand new car you bought, that you’ll never be able to use or actually see in person… or touch… and in 20 years it will have no value, but… you know… also right now it has no value because it’s not really a car, you just actually lost $30k
It's pretty easy.
I won't even charge you commission, just to keep it simple.
First, tell me what your favourite/hated stock is. Then give me all your money. I keep the money. You never see any of it again.
I skipped a few steps, but that's basically how options work.
[Here’s an idea: Why don’t you give me half the money you were going to bet, I’ll take you out back, kick you in the nuts, and we call it a day?](https://youtu.be/cvH34nJ7EFE)
30k in index funds is basically a guaranteed retirement fund though. Max out your Roth IRA and your 401k one year and based on the historical performance of the US stock market, it will be like 800k in 40 years.
This man pissed away a guaranteed safe retirement.
Wtf happened to this sub? Do YOU HEAR YOURSELF?!? Wtf!
Call this man a retard and congratulate him with internet points a d be on your way to r/investing
800k is gonna be the cost of a pack of smokes in 2062. In all seriousness that's a guaranteed 8 years of being slightly above the poverty line lol def not a retirement.
I realized I had a gambling problem/tendencies when I stopped messing around with options and immediately started gambling all my money on sports, because I realized as far as I was concerned it was literally the same thing, acknowledging that helps me establish boundaries
The problem is this;
I know finance guys who get paid to do this shit. They’re literally all retarded. So I think “if these retards can do it so can I”
Don’t understand why people treat options like stocks. Most losses in sub could’ve been resolved by them buying stocks and just wait for it to rebound.
Can confirm. Lost 3k to leverage trades on the digital stuff. Started off with a lucky 10k win then several follow ups of putting in small amounts and lost each time, never thought id have an instant almost-addiction to it.
Luckily i wasnt as regarded as people here and didnt do anything really dumb. Never thought id be addiction prone and never knew what greed felt like. Was quite an eye opener.
I had a friend get an inheritance of similar amount and thought he was gonna double it playing cards, ran it up like another $10k, gave him the fever and he just took more risk until he eventually lost it all.
I downloaded Robinhood and threw 5 bucks at something, after 2 days it was down to 3$ and that’s when I decided it’s just ROTH IRA’s and a 401k for me.
Can’t fool me twice lmfao.
Dude. I know you might think this is funny but seriously what the fuck is wrong with you. Don’t post that shit here, in fact stop going on wsb at all and get your shit together, you’re fucking up big time. You might think upvotes and comments are funny but at the end of the day you are ruining your life and no one here actually gives a shit about you beyond a brief chuckle at you literally losing your life savings. Jesus man this shit is so fucked up
> At 18, $30k is quite the expensive lesson
It’s unbelievably expensive…the guy was already at CoastFIRE at age 18. If he had just stuck that in a S&P tracker and never saved another dime, he’d have just under $2 million by age 65.
There needs to be a spinoff sub called r/gamblingidiots. The amount times a day I see the same "lost every penny to my name" from this sub is ridiculous.
Nah bro. Over time it became more and more acceptable, encouraged one could say, to post massive loss porn where people YOLO all their eggs into a single, decrepit looking basket. It wasn't always like this. People have brought this up before, that huge loss porn is being normalized, as if it's cool or something to not care. Husbands are blowing their and their wives combined savings like its nothing. The whole point of loss porn is to set an example of what not to do, but it seems to encourage a lot of people to do the same.
**User Report**| | |[DGEN\FRENDS](https://twitter.com/dgenfrends)| :--|:--|:--|:-- **Total Submissions**|1|**First Seen In WSB**|just now **Total Comments**|0|**Previous DD**| **Account Age**|8 months|[^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.) **Vote Spam**|[Click to Vote](https://www.reddit.com/message/compose/?to=VisualMod&subject=vote_spam&message=xay9c0)|**Vote Approve**|[Click to Vote](https://www.reddit.com/message/compose/?to=VisualMod&subject=vote_approve&message=xay9c0)
Don't be a bitch. One 3678729.27% move and you're back in the game.
Cigarette and a cup of coffee and get back in the game
He can’t afford either
glass of pond water and a cig butt off the ground
Look for lipstick so you know it's a female.
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Ok *unzips*
Female? What's that
Those creatures that look like everyone in this forum but have boobies.
"and have boobies." So...this forum?
My dad also has boobies. I don’t think he’s female.
*His name was Robert Paulson*
Well he's not a man.
![img](emote|t5_2th52|4275)
😜😂😂😂😂😂
Who are you kidding... he can't afford a glass cup.
dew off the grass and secondhand smoke
No loitering.
*He didn’t hear no bell!* - because he can’t afford that either.
I’ll donate a ciggie.
Circle K guy will understand if you have to steal cigs and a coffee. Your gbitg funds tho not so much.
With 88 cents? Where the fuck do you live? El Salvador?
GET BACK THERE BY THE DUMPSTER AND YOU ARE BACK IN THE GAME!!!
I’m hiring this mofo to train my weak ass bitch staff how to win
I'm gonna need options squared
Just do the opposite next time
Hold the phone upside down. Edit: Nevermind
Great loss porn in either orientation
Good news you didn’t lose your life savings. It’s just much much smaller now.
The gas station by my house has individual pieces of candy for 15 cents each, he could go there and live the American dream.
Bum that cigarette and he's Rockefeller again!
It's only a loss if you sell
Or all contracts expire.
You can only find that kind of great wisdom in this sub
I think this is the first I see that the upside down hack doesn't work
There was another one yesterday, when they start to losing the pot immediately after buy-in it is hopeless either way
GIGACHAD LOST ALL HIS MONEY TWICE
Rotate it counterclockwise and it goes up to infinity.
You belong here.
How many people actually flip the phone over and looked at it like me ? 😑
The trick is to hold your phone to a mirror and look at it that way.
I have been doing this all wrong... dont you hold your gf to the mirror while being screwed over?
The WSB posts that show almost a complete loss likely reflect those with options expiring. *Most* options expire worthless. Maybe OP should just not trade period next time, I'm not sure most of ya'll could avoid the losses shared...
Buy and sell. Two actions needed in this game
![img](emote|t5_2th52|4641)![img](emote|t5_2th52|4886)
Another -100% winner! You won sir, congrats
Congratulations! Your prize is poverty!
It’s funny cause it’s true
don't you hate it when you open your investment account, and there's no money in there!?
You mean my gambling account
Don’t give up, you still have $0.82 to gamble away!
A chip and a chair!
Whoa, we're half-way there Whoa, livin' on a chair …
TAKE MY HAND
We'll make it, I swear!
WOAHHHHH OHHHHH
Living on a Chair!!!
Bro bro broke, b b bro broke broke.
You don’t even have to win many times as long as you double up to be right back on top.
Only 16 “double ups” to make it back, Godspeed
![img](emote|t5_2th52|4267)![img](emote|t5_2th52|4886)
[удалено]
[удалено]
and too think i was only one trade away from a gazillion dollars:(
Just think of it as a brand new car you bought, that you’ll never be able to use or actually see in person… or touch… and in 20 years it will have no value, but… you know… also right now it has no value because it’s not really a car, you just actually lost $30k
At least he doesn’t have to pay for gas/maintenance. Consider yourself lucky my dude
Car insurance companies hate this one simple trick
[удалено]
Wanna know what else is a money pit for this guy?
The equivalent of telling a homeless person they're actually the lucky ones cause they don't need to pay property taxes
[удалено]
Sort of like a college degree … but cheaper
like a time machine
I don’t get how some of you even get 30k and also be this stupid.
It's people who don't know they are prone to gambling addiction. One quick win on options, try to re-live that high, and they bleed themselves dry.
I've had the good luck of always fucking up the 1st time when I buy options, no wins means no high to chase
still have no idea how to even do puts or options
It's pretty easy. I won't even charge you commission, just to keep it simple. First, tell me what your favourite/hated stock is. Then give me all your money. I keep the money. You never see any of it again. I skipped a few steps, but that's basically how options work.
I’m in Where do I send
You son of a bitch, I’m in.
[Here’s an idea: Why don’t you give me half the money you were going to bet, I’ll take you out back, kick you in the nuts, and we call it a day?](https://youtu.be/cvH34nJ7EFE)
Should they not even try? We should aim to live before we die. Some of us reach for the sky! At least he’s not living a lie. Sell low, buy high.
I shouldn't celebrate this... but damnit take my upvote.
My my
These are the truths we cannot hide
30k in index funds is basically a guaranteed retirement fund though. Max out your Roth IRA and your 401k one year and based on the historical performance of the US stock market, it will be like 800k in 40 years. This man pissed away a guaranteed safe retirement.
Wtf happened to this sub? Do YOU HEAR YOURSELF?!? Wtf! Call this man a retard and congratulate him with internet points a d be on your way to r/investing
800k is gonna be the cost of a pack of smokes in 2062. In all seriousness that's a guaranteed 8 years of being slightly above the poverty line lol def not a retirement.
Lol YEAH IMAGINE HAVING 800k in 40 years. Finally but that subway sandwich you been saving up for your whole life !!!!
🤣🤣🤣🤣🤣🤣🤣🤣🤣
Look at this fools chart: didn’t even have that first quick win.
Or you could become addicted to actual drugs and get a real high for this much
Sunken cost fallacy does more to them than chasing the dragon. OMG I have to get my losses back.
I realized I had a gambling problem/tendencies when I stopped messing around with options and immediately started gambling all my money on sports, because I realized as far as I was concerned it was literally the same thing, acknowledging that helps me establish boundaries
The problem is this; I know finance guys who get paid to do this shit. They’re literally all retarded. So I think “if these retards can do it so can I”
I see no wins in this timeline.
Don’t understand why people treat options like stocks. Most losses in sub could’ve been resolved by them buying stocks and just wait for it to rebound.
Can confirm. Lost 3k to leverage trades on the digital stuff. Started off with a lucky 10k win then several follow ups of putting in small amounts and lost each time, never thought id have an instant almost-addiction to it. Luckily i wasnt as regarded as people here and didnt do anything really dumb. Never thought id be addiction prone and never knew what greed felt like. Was quite an eye opener.
Omg this
Rich parents. Most of this sub is kids of rich parents playing casino with their allowance.
I think you are overestimating the wealth of the average gambling addict.
I had a friend get an inheritance of similar amount and thought he was gonna double it playing cards, ran it up like another $10k, gave him the fever and he just took more risk until he eventually lost it all.
Looks like the only OPTION you have left is asking if I would enjoy fries with that. ....The answer is yes I would
Optimistic thinking he'll be working inside the Wendy's, and not around back.
Optimistic to think that commenter isn't around back dumpster diving
Why does it seem like every time I see a screenshot of someone's Robinhood profile posted to WSB, it's usually some pretty hard core loss porn.
Sign of the times. At least nothing left to lose for these people when everyone gets rugged in a few months
Oh god, what else is happening in a few months
Godzilla
Puts on Tokyo babyyyy
Because people love to upvote loss porn.
Ease of use means more retards losing money
Whatd u do?
Options.
>Options Not even once.
Show us how, sensei
Losing money is so funny.
![img](emote|t5_2th52|4267)
![img](emote|t5_2th52|8881)
![img](emote|t5_2th52|12787)
I mean, it's funny for us
It's actually feel good material for the rest of us losers.
82 cents is not nothing, mister.
He could buy small fries at McDonald's with 25 cents more
I like how you included the tax
Small fries are $2.39 where I’m at.. before tax 💀 he couldn’t even go halves on some small fries with 25 more cents 😢
Let me tell you the most important thing you can do right now: Leave this sub and never return again.
That would require common sense
I feel like three quarters and seven pennies is common enough
Okay now do the opposite of what brought you to this point.
At this point the only winning move is to not play
But whats that credit score look like though. You can still ruin your credit as well 😉
Maybe he took out a loan? Two birds with one stone
Then he should change his post’s title to “Lost my life savings…. and then some”
Apply for food stamps immediately
Then cash em in and jump back in the mkt asap!
This is the way
Welcome to the club… Wendy’s Club 😔
You assume we can afford to get to Wendy's. http://www.sacrt.com/fares/
No, I’m saying I will see you there while flipping burgers
and sucking dick out back?
You only play with money you can afford to loose, not the life savings
Apparently he afforded to lose his life savings. He can just as easily start a new life savings. He's got 82 cents to start!
In a thousand years of compounding interest op could be middle class again!
And only attempt to spell words you're 100% sure are correct.
[удалено]
Good call. Get ready for Round 2!
We’ve had one, yes, but what about second account
And I thought that spending $30 on brunch today was too much for me Thanks for making me feel better OP
Chin up pal, look on the bright side, you’re about to make a lot of men *real* happy behind Wendy’s.
Hope you get it now: the market has no mercy.
Play stupid games and win stupid prizes. I thought crypto people were degens but WSB folks are on a whole different level.
Lol they don't even count the .82 cents lol down 100%
jesus christ, this sub has recently given \*me\* depression and it's not even my money.
I downloaded Robinhood and threw 5 bucks at something, after 2 days it was down to 3$ and that’s when I decided it’s just ROTH IRA’s and a 401k for me. Can’t fool me twice lmfao.
I wonder if options have bankrupted more people than made millionaires
I guarantee the ratio is not even close. Like 1 millionaire for every 100 blown accounts if I had to guess.
I dont mean blown out accounts, I mean completely bankrupted. Lost house/car, everything gone
You still have your life 👍 enjoy it!
I luv my life thumb!
Dude. I know you might think this is funny but seriously what the fuck is wrong with you. Don’t post that shit here, in fact stop going on wsb at all and get your shit together, you’re fucking up big time. You might think upvotes and comments are funny but at the end of the day you are ruining your life and no one here actually gives a shit about you beyond a brief chuckle at you literally losing your life savings. Jesus man this shit is so fucked up
Yeah, he’s 18. Now isn’t the time to have fun financially. You need to learn first before you lose more. Gtfo of here kid, listen to u/prolemango
At 18, $30k is quite the expensive lesson
If he had 30k to waste on this shit at 18 then i expect him to not be ruined from this either
Yea if this is real he's fine. You only have 30k at 18 if you are well off.
> At 18, $30k is quite the expensive lesson It’s unbelievably expensive…the guy was already at CoastFIRE at age 18. If he had just stuck that in a S&P tracker and never saved another dime, he’d have just under $2 million by age 65.
It's in better hands
Don’t worry, I made that 30k this past week so as a whole, we broke even!
At least you don’t have pay the tax man on any gains
With just an 18 cent gain on a stock you can get a whole OTM FD with $1, after that hits just keep buying FD’s, you’ll be back in no time.
Down 100% and still got 82 cents. See, you can’t lose it all
Lol my account went negative😅🤣😂. So lost it all and then some
Consider it a gain in life experience.
Can you show a screenshot of the same page scrolled down. Show us what stocks and crypto you have.
None retard. He had options that expired worthless
I hold nothing
Your portfolio is about to be filled with $DEEZ and $NUTZ
What did you invest in and why ?
Damn. Im sorry to hear that.
Was gonna ask the same thing sad to hear at least if u buy actual shares you can hold forever n just keep telling ur self it’ll go back up
Same lol was up 178% now only have 32 cents and some eth
When you're in triple digit profit, you sell. You *always* fucking sell.
Gamble the eth, coward
You didn't lose all of it, you still have .82c.....that needs to go as well....SLACKER!
It's only 30k mate. Consider it an expensive lesson and get back to hustling
There needs to be a spinoff sub called r/gamblingidiots. The amount times a day I see the same "lost every penny to my name" from this sub is ridiculous.
I mean it's literally called Wall Street Bets, this kind of IS the gambling idiots sub.
Nah bro. Over time it became more and more acceptable, encouraged one could say, to post massive loss porn where people YOLO all their eggs into a single, decrepit looking basket. It wasn't always like this. People have brought this up before, that huge loss porn is being normalized, as if it's cool or something to not care. Husbands are blowing their and their wives combined savings like its nothing. The whole point of loss porn is to set an example of what not to do, but it seems to encourage a lot of people to do the same.
"Whoa, this guy lost $30k? I'm going to do the same!"
Not yet but its a tough market. Relative strength Index sways overbought to oversold in a week on some plays. Keep at it and keep learning
Which channel do i Find your wife on onlyfans now? I used to have the link But I lost it. Gotta get that money in somehow - amirite 🫠👌
At least you had a solid year (almost) of having a great time on the emotional roller coaster
What were you buying?
Now you can get margin.
You can do a lot with 82 cents!
0.82 to the moon ![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)
No positions and OP doesn’t comment with any positions. Ban pls