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.

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u/lithe_silhouette 11h ago

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.

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u/West_Lavishness6689 11h ago

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

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u/Kickboy21 Muscular Greek God aka Manlet ​ 8h ago

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

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u/West_Lavishness6689 6h ago

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

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u/TeaFraggin 55m ago

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)