Submitted by gentle_giant_91 t3_10z3ovm in wallstreetbets
Intro - 31Y male, with a 250k annual income. After a good run in 2020, where at one point I had 750k in my account, I managed to lose it all - every single penny, in a week. My losses till 1st Feb '23, stood at 484k in Robinhood. As much as I want to make fun of my situation, it was unbelievably scarring. The only good thing was that I didn't own a home or wasn't settled otherwise guilt would be through the roof.
Took few months of break and returned only with 1k & set of rules. Result so far = 180 times return.
How did this happen? (Major wins)
- Pure luck -> FB calls before ER. This was the ignition that gave me 30k from 1k
- Netflix puts twice - one this Tuesday where it dipped from 362 to 356 and today where it dipped all the way to 350
- Disney Puts today (post ER)
- TSLA calls on Wed & Thursday (once Investor news was out)
- TSLA puts today (Once Model Y price increased in China)
I was up till 250k at one point today but got distracted with few meetings and then decided to sell everything i.e. 180k. Not keeping any positions over the weekend. Here's my plan next -
- Remove 130k from account to my Bank
- No trading till CPI results are out on Tuesday. Don't want to gamble before CPI
- Put 25k in a slow AF ETF stock (so that I can continue to day trade) and option trade with the remaining 25k
To all my gambling addicts on WSB, I hope each one of you are able to make back your losses
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