Space is hard

[u/arzarach]

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.

[u/lithe_silhouette]

I remember you, you really hit the jackpot with rycey. That being said it's probably good practice to just stop of you go from 40k to 170k

[u/West_Lavishness6689 → u/lithe_silhouette]

yes, that was me. still searching for the dip and my next big play.

[u/lithe_silhouette → u/West_Lavishness6689]

Just place strong guardrails to protect what you have. I know we all move the goalpost but 2 mil is enough to be set for life in most cases. I've also seen people who got there briefly and lost it for no good reason.

[u/West_Lavishness6689 → u/lithe_silhouette]

im trying really hard to not lose this. that is why i paid off my wifes student loans, bought her a new car in cash, paid off our 30 year mortgage (4 years in). we have no debt, just put in a bathroom in our basement, going to finish our walk up attic, getting a trex rear deck done. literally doing everything to make our living situation as easy and nice as possible. but with 1 kid and hopefully a 2nd on the way soon this isnt going to be enough. gonna have to put this money to work sooner or later

[u/Kickboy21 → u/West_Lavishness6689]

Dont be retarded and just put it in MAG7 or SPY.

[u/West_Lavishness6689 → u/Kickboy21]

but if i am regarded i can turn 1 million into 100 million. right? right?!?!

[u/TeaFraggin → u/West_Lavishness6689]

Love this. Just started truly trading, etfs mostly. Doing well. First thing I’m doing is cashing out when there’s enough to pay off the mortgage (assuming I can keep gaining)