21M Started the year off pretty well was up YTD about 34% in June, discovered options around late May and had found some modest success.
I guess you can see for yourself where things took a left turn. A few bad plays, using margin for options, leveraged equities blah blah blah later I found myself down almost 70%
Disheartened I vowed to stop options and trading as a hobbyβ¦ for a whole week. I decided I couldnβt let this be the end of things and I doubled down. For the next week I dedicated my life to studying options, doing better DD (as much as a WSB regard like me can do anyways) and cleared my mind with some mental exercises, which included primarily of playing online poker.
The following week I decided to get back into trading and this time with a better head on my shoulders and a more serious outlook on this. And after just 2 and a half weeks, I finally broke even on my YTD. Moral of the story, analyze your failures, and donβt give up. Godspeed regards π
TL;DR WSB regard goes full degen and loses 70% of portfolio, then channels inner Jim Simonβs to make it all back in 2 weeks.
https://i.redd.it/v08bx0mjlojd1.jpeg
Posted by levisfaded
15 Comments
I bought a lot of Whole Foods stock a few years ago literally the day before it tanked. The day before. Not Intel guy amounts, but it did hurt. I kept it, and it took over a year to recover, and eventually got bought by Amazon for a nice profit.
now let’s see the All Time
I was told to always inverse advice here, looks like I’ll have to give up then ![img](emote|t5_2th52|4260)
Never surrender
We can tell where you discovered options without you telling us.
This will be meβ¦ Iβm not giving up even after my entire savings of $11k lost, Iβm going to continue trying and going at it. Iβll make it back eventually. Just a matter of time
just play the theme from rocky, play some online poker. power read some dd. Im back Baby!
>*which included primarily of playing online poker.*
π
you belong here
Never back down never what?
We are so back
*gets lucky that the past weeks were super bullish*
Never surrender
But I literally gave up about 1 year ago and I learned not only am I a worthless trader, I am unable to prosper overall.
This looks almost exactly like my ytd chart haha
Fuck, we are at same pace. from 30K to 7K, today back to 20K. Wish me the luck hah