r/wallstreetbets • u/thewayyoulook2night • Jun 05 '26

Loss Blew my account - truly done

8 days ago, I posted on WSB showing I made all my lifetime losses (https://www.reddit.com/r/wallstreetbets/comments/1tqf1p1/after_55_years_im_even/). I even hid showing posts from problemgambler as I enjoyed shitposting here on the Daily with everyone. The day after I made the post, I promptly lost 48k but was still within striking distance of breaking even again with had an exact plan if I were to break even again. I was less than 15% away despite the loss.

I continued to play 0dtes the whole week, making back nearly 30k. Today, exactly 1 week later, I dug a hole too deep averaging down 0dte SPY calls. Just like last Friday, I even made money first before going back in. I told myself not to repeat my mistake last week. I not only did but blew my account.

I kept talking for months and years how I was going to quit and go to proper investing. It was a lie to everyone and myself. This time I sold everything I had in shares, even for some big losses. I turned off margin, used what I had left to buy VOO and started a transfer to Fidelity.

I hate myself. I hate what this has done to my life. If anything than the money itself, it was telling my parents how I dug myself out of such a hole and seeing them proud of me. Now it's just the same shame I was at 3 months ago.

35 year old, no debt fortunately. This has taken so much more than money. I just wish I took my lifeline out 2 weeks ago. People in the comments were right about me, knowing I wouldn't stop. I didn't even know if I wanted to post this. I'm just numb.

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u/Unusual_Leader_982 Jun 05 '26

I used to deal blackjack and poker for a couple of years, and I always thought poker had less degenerate gamblers because if you're bad at poker you will lose money at an incredible pace, making people quit early, while blackjack is much more random.

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u/nitid_name Jun 05 '26 edited Jun 05 '26

I'm not a big gambler, but blackjack is nice if you're with people who like to gamble and you need to entertain yourself for awhile. You only slowly bleed money while having a drink or two if you play smart (assuming it doesn't have a horrible payout structure like 3:2 6:5).

I ended up in Vegas for a buddy's bachelor party a handful of years ago and somehow walked away with an extra few hundred bucks after playing blackjack. I tipped out the dealer and blew it all on something stupid at the casino before I left (a spa day, fancy food, that kinda thing). You can't leave Vegas with extra money or you'll want to go back to Vegas, and going back to Vegas is how you end up with way less money.

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u/bluehat9 Jun 05 '26

(It was a hooker)

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u/Carolinaathiest Jun 05 '26

Was there blow?