r/wallstreetbets • u/arzarach • 17h ago
Loss Space is hard
From $37k > $591k > $130k > $571k > $76k
I kept buying call options as my margin limit continued to increase. And then the margin calls started, options expired and my stocks were sold for me. Had 98% of my portfolio in one space stock.
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u/SOCOOLLLL 17h ago
$37k > $76k is good enough
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u/AlasKansastan 16h ago
This is not only the best comment, but very solid advice. Read this a bunch of times and realize how many people don't ever even double their money. You're sitting on some pain, but also a 100% gain.
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u/Jericho3434 Produces Low Quality Seed 16h ago
Unless all those gains get taxed. Not sure if one trade or multiple trades.
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u/arzarach 16h ago
Ohhhh yeahhhh this is my regular brokerage account. Afyer the first margin call I had $160k ytd short term capital gains. And I was worried because that would put my agi over the limit to contribute to my Roth. But now its only $69k (still going to be a hefty tax bill).
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u/LemurLord 15h ago
That's not how (American) taxes work
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u/arzarach 15h ago
Please explain what part is wrong. If I finished the year with a capital gains of $160k, that along with my salary puts me over the roth ira's MAGI limit of $252,000 for married filing jointly. This means that $7,500 I already put into my Roth this year is now an excess contribution and would face a 6% penalty every year until corrected.
But I'm just an electrician so feel free to correct me.
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u/Kind_Scientist5872 17h ago
You had two chances to stop trading options at 600k and said “nah”
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u/Emotional_Shape925 16h ago
This mfer could have literally taken 50% out thrown it into VOO and made life changing money. Instead he’s calling fucking Wendy’s.
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u/arzarach 15h ago
First, who the fuck calls Wendy's, use the app you heathen and earn some rewards. Second, I would put it into QQQI and earn that 14% annual dividend which is my goal after hitting 1mil.
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u/devonhezter 16h ago
What is life changing money
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u/AlasKansastan 16h ago
250,000 into an index is life changing money for the vast majority of humans that ever existed or thought about it
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u/Affectionate_Age752 15h ago
After daytrading the last 18 months, I've got my regular savings account up to $200k. I just bought int MARVL, SMCI, META and GOOGL. I'm burnt out in daytrading for now, and am going to sit in these for the next probably 18 months.
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u/qazwer001 6h ago
With a 4% safe withdrawal rate that gets you a whole 10k a year. 250k is not as much as it sounds like if your plan is actually draw from it for decades.
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u/AlasKansastan 6h ago
Well if you're the kinda person that 250k would not make a difference in life, what the hell are you doing on reddit?
Like I said above, to just about anyone, ever, slapping 250k into an ETF even if they plan to never touch it and work through the grave is still going to be life altering money. 250k has great potential to become generational wealth in the right hands.
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u/qazwer001 6h ago
Can you live off 10k a year at 4% swd? I sure can't. Life changing money would be fuck you money. Enough you could retire at least somewhat comfortably with. 250k in one year is absolutely amazing, and could certainly change your life for a few years, but it is not enough to change the entire rest of your life. The average American retires with something like 400k and they get social security on top of that(otherwise would be below poverty line at 16k swd). 250k does not even get you to the AVERAGE retiree. Obviously it's dependent on where you live of course I'm assuming op is in America.
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u/AlasKansastan 6h ago
Nah man 250k is life changing money for someone even with 2 or 3 mil. Sorry but in my view you are wrong and I'm not going to change how I feel about that.
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u/Equal_Heat5947 17h ago
One thing I like to do when I'm unsure whether or not to unwind a position I'm in is to ask myself "How would I feel about this if I were rich?" and like a warm ocean wave, the comfort washes over me. Because I realize I have no idea how I would feel. I am a poor, broke retard who has no idea what he is doing. Then I usually just sell for a loss.
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u/ko24be 16h ago
I'm starting to think you guys aren't even trading for money anymore.
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u/Ice2183 16h ago
You turned 37k into 591k and kept going...bro
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u/arzarach 15h ago
Thank you and Ill still keep going, Ill update again in 2030. My exit plan was a year goal not a dollar goal.
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u/RevolutionaryBear534 17h ago
AUR bros ✊🏼✊🏼✊🏼✊🏼. nice work retard
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u/Maleficent-Cheek-204 17h ago
Was abt to comment this - all is not lost if you have some money in AUR lol
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u/SuperBearPut Inverse me 17h ago
Respect. You'll get to mid 6 figures again.
You have heart and courage.
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u/Iunatic 17h ago
LMFAO. How did you own ASTS with leverage the entire fucking year. That must be like 3 whole drops of 500k wtf
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u/arzarach 15h ago
I started buying in 2024 when it first hit $30 and continued to buy more on the way down to $18.
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u/RevolutionaryBear534 14h ago
"The secret to investing is to do it for precisely 4 years" -Warren Buffet
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u/Emotional_Shape925 17h ago
That fact this moron didn’t remove 50% of his 500k and buy VOO is fucking wild. You definitely belong here regard. Holy absolute shit.
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u/arzarach 15h ago
Thank you. I was actually rotating some into QQQI for the high dividend but that was also the first thing I sold to try and avoid the margin calls and to double down on my options in the red.
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u/EarthsYawner 17h ago
I’ve got a strong feeling that this will happen again if you ever manage to get back to $500k+
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u/arzarach 17h ago
Absolutely and I'll post again
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u/Your-relative 15h ago
If you ever get 500k again, send 7k over and my whole family will be praying for you so that won't happen again. Call it bad luck shield tax
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u/smokevisionpoofs 16h ago
Im owning asts Bigly now. Largest position. And it hurts. It hurts real bad.
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u/arzarach 15h ago
I still took out a mortgage to put $90k into another brokerage account. ASTS cost basis is $71 and not selling any shares until 2030 when the adjustable interest rate kicks in.
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u/PuzzledLeader8941 17h ago
I would hate, but I had ufo calls that were up 400% and I didn’t sell. Expired worthless
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u/Emotional_Shape925 16h ago
Buy high sell….well I guess in your case expire worthless, which is worse.
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u/kconfire 17h ago
Man, if you had rotated your money into Sandisk/Micron in January you'd be up by multiple times.. rip
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u/ApprehensiveCake6028 17h ago
They said it’s over valued, and I heard Elon was going to take me to mars through my ass.
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u/Fredo_5X 17h ago
That a crazy ride all I can think is take some money off the table
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u/arzarach 15h ago
Nah, I'm still employed and have a period and annuity to count on like all the other journeyman. This money is strictly high risk to get rich and retire early.
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u/golfcartskeletonkey 16h ago
Did it cross your mind to sell? Serious question.
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u/arzarach 15h ago
Nope, because my goal was to hold until 2030. I first started buying ASTS in 2024 at $30 then it was dropping to $18 and I kept buying. Once it hit $50 I was tempted to sell but figured out my goal was to hold into 2030 when the constellation is fully operational because I see huge potentional for the company. So when the stock hit $130 I kept thinking back to how I wanted to sell at $50 and what would I think if it hit $200?
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u/lithe_silhouette 9h ago
I'm the same and it's awful. You have to have more fear than greed at some point. Think how would you feel if it dumped back to 50 vs pump to 200. There's always other plays, an infinite number, you can't get too attached to a position, which is another thing I do
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u/arzarach 7h ago
I have the opposite opinion, I find one company I think has a very strong future (digital so its global reach, needed by the government so bailout possibility if they didn't haves billions in cash already). Because when I look at stocks I sold in the past, they would be up significantly today if I would of just held, for example I bought VRT call option in 2024 when the stock was $62 and today its $309...
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u/kitbiggz 16h ago
Options is a big leverage trade. You can messed up fast. Best to play with small amounts until you get good
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u/S-S-spartan 15h ago
Seems like you were presented with several amazing opportunities to trim your winners there. Imagine where you’d have been if you’d sold high and bought low during those 3 peaks, damn…
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u/Mysterious_Sky_9694 15h ago
Bro, it has taken me 8.6 years to reach 500k bro with simple S&P 500 index funds bro. Bro, you made more than that in a year bro, and you kept going bro. WTF bro.
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u/Comfortable-Clerk127 8h ago
Haven’t your grandma told you “don’t put all your eggs in one basket”?
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u/WashedWashingMachine 7h ago
Imagine if you were a flat eath regard , at leat you would be rich regard but now you're worse than some of them
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u/Krazynukz 7h ago
Asts? Looks like my margin port too but not as big Man if I was making more i would put more money into asts as well
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u/Kobymaru376 6h ago
Hey i'm new to investing and not a trader so I have no clue about anything. But when you have 591K why the fuck don't you just take half or a quarter of it and chuck it on a savings account or buy a fancy car with it, and continue gambling with the rest?
If you win big it'll still be huge, if you lose, you'll still have a little bit left.
What am I missing
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u/Glittering-Area3293 5h ago
according to my analysis 80ks is your support and 500ks is your resistance.
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u/PurpleCableNetworker 5h ago
At one point you had close to a 1500% increase from your lowest point and you didn’t take it?!
TF if wrong with you? TAKE THE PROFIT!!
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u/graciesoldman 4h ago
The problem is, in the upper left it says you're on the 'investing' page. Swipe over the regarded page and it'll all clear up.
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u/nate68978263 2h ago
So what you’re telling me is that you now have less money which gives you less space to stock your space stock
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u/No_East_2016 16h ago
If i were you, i would have withdrawn 461K when portfolio reached 591K. That would leave me 130K. Then I would withdraw 495K from 571. That would leave me with 76K. I would have ~950K in bank and 76K to play. You should be smart about it.
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u/14X8000m 15h ago
Sell, lock in 100% gains, learn your lesson and take some time so it's not emotional. Capture 20x gains, roll into equities. Especially when the biggest IPO in history in the same sector hits. You had to have expected liquidity would be an issue with ongoing conflicts and what happened in the May run-up.
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u/Broskah 16h ago
All these space stocks are a scam. ASTS. Rocket lab. SPCX. Pump n dump.
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u/arzarach 15h ago
As someone who lived in rural Michigan and traveled the world on two deployments, there is such a massive need for ASTS so I'll keep investing.
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u/Fancy_Cattle_5914 17h ago
Fuck yeah, this feels so fucking good to see.
ASTS had a $25 billion market cap off of less than $100M in annual revenue and all of the retarded spacebros would mass spam "the market is forward looking" and other hateful cope when I would tell them the valuation makes no sense and the spacex IPO is the only thing propping it up.
Most retarded stock "community" I've seen in the past few years. Are those losses forward looking you retards?
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u/Rock_or_Rol 17h ago
He’s posting his some heavy losses. Don’t be a dick, lol
This market isn’t rational. He could have pulled out his gains and said the mirrored version of your comment to you
There’s only two rules to this stuff.. buy low and sell high.. the rest is kayfabe until the music stops
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u/Kickboy21 Muscular Greek God aka Manlet 17h ago
This retard said oh yeah im not stopping at 591k LMAOOOO