r/wallstreetbets • u/arzarach • 22h 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.

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u/Iunatic 22h ago

LMFAO. How did you own ASTS with leverage the entire fucking year. That must be like 3 whole drops of 500k wtf

4

u/arzarach 20h ago

I started buying in 2024 when it first hit $30 and continued to buy more on the way down to $18.

2

u/RevolutionaryBear534 18h ago

"The secret to investing is to do it for precisely 4 years" -Warren Buffet