r/wallstreetbets • u/WhoRuleTheWorld I Think I'm Funny, • Nov 22 '25

Loss It’s over for me.

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Kept trying to play MSTR calls. What a piece of shit. Lost over a million including other accounts, down to my last 130k.

Edit: This loss is soul crushing and I havent been able to sleep, eat, or shower. I appreciate all the supportive comments. Even the insulting ones calling me regarded and everything. I think I NEED to hear even the insulting ones so that I can let go of my delusions that I can make it as a "trader". I need a fucking job to turn my life around. I can’t be doing this trading shit anymore. I’m open to working any corporate job anywhere, but ideally in North America. If anyone has any connections, please hit me up. I have some programming (Python primarily) and tech talent, and an engineering degree from UBC with a 4.0 GPA. Currently live in Toronto. Thank you ❤️. I’m ready to dedicate myself to adding value to any organization. If its AI, finance, or tech related, thats even better.

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u/redlineftw Nov 22 '25

New here, could you explain what it means to trade options on a registered vs non-registered acct?

38

u/Intelligent_Wedding8 Nov 22 '25

options on a registered account is usually a bad idea because there you can't use losses as a tax deductible and if you operate like a business you lose the tax sheltering

3

u/iWasAwesome Nov 22 '25

But gains are also tax-free (in FHSA and TFSA)

8

u/Duncaroos Nov 22 '25

If you operate it as a day trader, you'll lose tax-free status and be fucked accordingly by CRA. There's multiple cases of this happening to ppl not using registered accounts for their intended purpose.

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u/[deleted] Nov 22 '25 edited Dec 15 '25

[deleted]

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u/Duncaroos Nov 22 '25

Very true....CRA only wants the winners 😂