I am a international student in the states and I was a day trader( thought I am), betting money everyday on the market. The first month was good and I made 4k on SPY QQQ DIA options and one mcd put option. Until 2/23/24 I bought 100 put options on SPY, that was a misclick. Then the market went up I was down 4k immediately. All I was thinking is I cant afford the loss but the stupidest thing I did was I double down and prayed… then lost 7k. At that time I knew I was gambling but I cant not control myself because I didnt want to accept the result. All in and lost totally 28k or something. Sorry for the grammar mistakes and nonsense, I just want to remind people if you wanna go yolo, it’s fine but before that better learn anything possible to increase the odds of winning. That’s it check out the pics.
https://i.redd.it/r58yh9yd3ckd1.jpeg
Posted by Flaky-Ad-8340
41 Comments
You weren’t going to do much with it anyways. Do they have Wendy’s in your home country?
“That was a misclick” …. Embrace lost tendies. Welcome home 
We are so red tomorrow, so many calls
Back to Wendy’s you go
You just paid your tuition for your first class in trading. #1 stay away from options unless you know how to use them to your advantage
I guess you have enough left for your flight home and couple months rent.
I need to stop gambling with tuition money too 
Half tuition due next month and half due in January 
Further anecdotal proof: education ≠ intelligence
Go work at 7-11 motherfucker lll
at least im not this fuckin guy
You still have 5700, don’t be a quitter.
How can you have 4k loss with a missclick? Was the spread 40c a contract? I thought spy options had tight spreads
Painful but u can bounce back brother
You are officially uneducatable regard.
I still see 5700 man, never back down never what?? 🫡
Intel is hiring
Been a good day for loss porn…. Webull not so friendly to the eye tho we prefer that red on black line down to the ground
See ya at Wendy’s
Nah bro. Risk level is “safe”. You’re good. I’ll also take a regular frosty please.
Nothing to worry about, Wendy’s doesn’t require a college degree.
In a fit of twisted optimism, he threw his chips on the table, hoping for a jackpot, but the wheel spun him straight into the jaws of financial ruin.
What’s your play tomorrow?
College is overrated! Just use chat-gpt and you’ll learn everything you need
It’s ok… like most of us you were always meant for community college
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Throw the rest of the tuition $ into INTEL and you maybe will be paid someday with grandma guy…someday.
RISK LEVEL : SAFE
Excuse my ignorance, I don’t do margin. TFSA and cash accounts only. That being said, I’m curious how margin accounts work when you owe? Depends on the brokerage I’m sure, but can someone provide some examples/average expectations?
RACE to the bottom!!!
“I lost all my tuition” fits the melody of the song “Losing my Religion” by REM so you’ve at least gained a catchy little tune that you can hum yourself to sleep with.
Put those 5736 in SPX ODT calls.. make the money back quickly
You paid for an experience and you got one. Take it back to your country and tell them about how much fun you had.
happens to everyone, sooner or later everyone goes bust. let me buy you a cup of coffee
Call it your tuition for learning options all about framing it in a postive way
You said it yourself. You were “betting” not trading. Its most likely your parents money anyway so im sure theyll send you more!
Lost your tuition but gained an education. 👍🏻
Dumbass
You still have 5k!!!!
You are a regarded gambling addict. Go get help.
Son, you just bought yourself the most valuable education of all.
Never go full regard
Welcome to the US 🇺🇸
No risk management, no money management. That’s why you lose money.
If I lose too much and I feel like I need to keep going with bigger amounts because I think I can make it back – I get up and go for a walk. That’s enough for today. I’m not ready to gamble because I’m not in control of my mind. If I don’t control my mind, I can not make good decisions. No good decision- I’ll loose money.
money loves a cold heart and a clear mind