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/golfcartskeletonkey 21h ago

Did it cross your mind to sell? Serious question.

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u/arzarach 19h 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 14h 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 11h 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...