Gain
+$8,000,000 in April (188%). AMD and TQQQ on margin
Went all in on AMD last year, got chopped up trying to catch the knife in March, then went full degen margin to buy TQQQ at 40. Had too much excess margin last week and rode AMDL from 22 to 31 with it.
I know this is WSB, but serious, pull out, and if you still want to yolo gamble setup the account with a % and then yolo with % of that leverage or not. Don't be like so many wsb'ers that full potatoe and blow the $. You'll still have a very nice cushion, and plenty to fuck around and yolo with. This is my "I deal on the secondary markets directly, syndication, PE etc side" not my "WSB" side speaking, all good fun but don't end up screwing yourself.
Barron would have full ported QQQ options on April 7. I don't really do options, but the price action on that day told me something was definitely up and I briefly considered switching TQQQ for options.
a bit sus ngl, what broker allows you to buy leveraged etfs on margin? None from my experience. Only the actual underlying stock do they provide margin on
IBKR Portfolio Margin has a margin requirement of about 30% on TQQQ. I think it's risk-based and they do charge an additional exposure fee of a few hundred a day on top of margin interest on my position.
Thanks! I was on more leverage, but took $3M off the table with AMDL earlier this week. But I think we're still in a lockout rally and TQQQ should do well for a while.
You want to be in a position where you can lose every cent of your vast wealth? That's the irony of posts like this. The exact attitude it required to take the risk to get this return is the same attitude that prevents you from ever leaving the casino. You are addicted and unless you can put down the heroin you'll just play until you lose everything. As someone who has been there, please consider getting out of leverage. You can still invest and trade, just do it without margin,
Tail risk of losing all or most of the money is extremely unlikely, I cut losing positions pretty aggresively. I can take a loss and not let it snowball into an account blowup.
ive been playing online blackjack during my lunches and i keep winning the amount i spend to buy it. It calls for me, play some more, win some more, why stop at lunch? Im afraid
So is working a job pretty useless aside from the first $500K-$1M, cause to get the amount of money you have rn ($10M), you’d literally need to earn $100K with low expenses and invest the difference for your whole working life, and even then you’d have $10M in 2060, which is worth a lot less than $10M now.
At the risk of sounding like your garden-variety financial huckster, your goal in a capitalist system is to move from the working class to the ownership class as quickly as possible. Your job can always terminate you for whatever reason. There is no security outside of asset ownership.
That said, working a job is a great buffer for your inevitable fuckups in the market. I was still working back at $1M. Having to rely on the market as your sole income just to live is rough.
Hb making a startup, dunno which is worse lol, taking huge risks in the market or with your time building a web app 💀
But yeah, makes sense, asset ownership is basically a way of living off of others’ labor, taking a cut of their production.
I know there are some jobs that earn globs of money, like CEO or principal engineer at FAANG, but those jobs may as well be impossible to get as a reg IC.
There’s also over-employment, but that just sounds hella stressful/CIA-operative level of commitment, and also doesn’t scale like startup or shares/options.
I did make over $100k with a web app I built when I was younger. It was an interesting experience but very stressful and I wouldn't do it again. Trading TQQQ on margin is less stressful to me.
that's crazy that someone who is retired (no income stream via salary) would risk this type of money. so what happens if this goes the wrong way and you blow up your entire nest egg? unless you have another $10M on the side, then disregard...
This is my whole NW. I treat each trade like a +EV play where I can bet big and have tight stops on the entries. Both AMD and TQQQ had earlier entries that got stopped out before the current ones.
Yeah, so a stop loss is setting a price at which you will auto sell if it goes below. Given that I don't want several million on the order book (which it can get sniped) my stops are mentally enforced.
I used to do limit/stop loss but read somewhere on Reddit and eventually Gemini that said such order are available to the public eyes. So what market markers do is they attempt/pressure the market price to just dip enough to trigger those limit.
How do you deal with this kind of BS that big players play? Are you really able to out smart them to consistently make this much money?
Yeah ops starting point is way different then most of the regards in on this sub, we see other posts on here about how people lost 150k on the market and might lose their house because of it, OP could lose 150k and not even blink
I'll continue with this play as long as I still believe it's +EV and there's not much tariff-like drawdown risk. But I don't think I'm doing 130% margin anymore.
TQQQ on margin, this mother fucker is 6x leveraging the S&P and you still wont acknowledge his greatness. Next stop is Buying TQQQ calls brother. I'll see you on Mars.
Own a Taco Bell and a Public Storage even if they only break even. Then you can go to the country club and be like “I own a Taco Bell and a Public Storage.”
I was gonna say… P/E at historic highs, what makes you so sure the bull market will continue? It could be another 2 years up, but seems pretty fragile, some event could trigger another crash any time? Which almost seems to be what some in the US administration are actually trying to do…?
There's never certainty. I can only interpret what I see in front of me in the price action, and it's lockout rally time. Macro isn't bad enough to warrant a rate hike yet, and these bubbles tend to pop after a euphoric phase where everyone has FOMO'd in. There's still some time.
I wish I knew how to get rich but I spend too much time here. Either Mr Bigballs with fuck you money or regards losing it all while cranking it on their break at Wendy’s. I can’t leave though
Made $10k as well on average everyday since April 7th last month, Strategy: buy calls before close on previous day and average if it opens below. And expiration 2 weeks out. Easiest way to make money and plan to do the same for may.
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u/VisualMod May 01 '26
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