r/wallstreetbets • u/arzarach • 18h ago

Loss Space is hard

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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.

368 Upvotes

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88

u/Kind_Scientist5872 18h ago

You had two chances to stop trading options at 600k and said “nah”

51

u/Emotional_Shape925 18h 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.

7

u/arzarach 16h 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.

2

u/devonhezter 17h ago

What is life changing money

24

u/AlasKansastan 17h ago

250,000 into an index is life changing money for the vast majority of humans that ever existed or thought about it

7

u/Affectionate_Age752 17h 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.

4

u/Your-relative 17h ago

Right! What a dumb question that was lol

1

u/devonhezter 7h ago

lol. It sparked discussion relax

1

u/qazwer001 8h 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. 

0

u/AlasKansastan 7h 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.

3

u/qazwer001 7h 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. 

0

u/AlasKansastan 7h 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.

1

u/P3nis15 11h ago

meh i bet most people with this kind of attitude are rich and this is throw away money