Opened early in may and have been averaging up a couple times. Will let it ride till expiration. Used a combination of futes and options to up the leverage. Figured some of you might have gotten nuked recently and would like to see this. This is quite the birthday present but money comes and goes.
Futures gains/losses are "realized" daily so these read as unrealized but the money is definitely gone.
https://i.redd.it/i0wouv4zf65d1.jpeg
Posted by SLATT__SLIME
29 Comments
Gulp ![img](emote|t5_2th52|31226)
160 contracts? Wow.
Why did you bet your future? – Guy from Squid Game
why would you do this?
that’s intense. i guess some people have enough money to play with what for some is an ideal lifetime savings nest egg
Jesus christ.
Meh. You have 41 left.
Actually, if you have a brain in your head you have a lot more than that left. I doubt you’d YOLO your entire net worth into this.
Hey, do me a favor and dump 20M into GRND today so I can exit my position :p
You belong here
The fact that this 23 y/o kid just lost a mil like nothing showed how pathetic I am working a doomed job earning absolutely shit lol.
Excuse me good sir, my blind youth baseball team is raising money for underprivileged orphans, three legged dogs and of course the troops. If you are finished burning money. We could really use a new practice facility to heal wounded refugees fleeing war zones, while also growing crops to end world hunger. Lmao jk. Love the loss porn š
An easy 5% of a mil is $50,000 annually. You couldnāt have just been happy with that?
What was your goal? Double or triple a million?
At least you’ve got some good music to listen to š¶
Paper trading?
what does a position of -160 mean? shorts?
% of Portfolio?
You shouldnāt have done that. If you did the opposite everything would be okay. Hope this helps. ![img](emote|t5_2th52|4258)
Since you have mentally accepted that the loss is 1M, can you give me the 82k? š
I think I can predict yours
Made me feel better about fudging my NVDA options & losing 4k
you want karma? uncover that % of portfolio. loss probably means nothing
Yo this kid gambling with his dad’s money lmao
Just put in another million and its fixed ![img](emote|t5_2th52|27189)
How did you make $3M
And more importantly why are you not doing that instead of gamble on futures contracts?
Tier 1 regard I see ![img](emote|t5_2th52|4271)
One of us…
E-mins are my jam! I just donāt swing trade them, I never hold them longer than a day, I scalp them usually in and out in under 5-15 minutes. I see you got a big ol 160 contract shortsky @ 5251.25, whatās that like $1.88M margin req? Down about 50% unrealized? For folks not familiar with /ES that means E-mini June 24 futures contacts have to come back down to 5251.25 for him to break even (he still has to pay commissions on those 160 contacts so real BE is a bit lower). To trade one /ES June 24 contact the margin requirement is $11.8k, he shorted 160 contracts, 160 x $11.8k is approximately $1.88M in margin requirement plus cost of commissions to open this position. The market has been going up the past week, explaining the negative P/L on his short.
You know it not out of the realm of possibility that this could still turn around for you in the next week or two but Iām curious do you have a stop somewhere? It is a short after all, 100%?, 200%?, ā¾ļø?
Well, at least you were good at predicting what was not going to happen !
Dun worry, give enough time and heāll be one of us.
Paper trade account
What is this? The price at the top left corner has a background in a different color indication you are using delayed market data. You are gambling more than a million but can’t afford real time market data on IBKR?