this has been a culmination of what i finally realized was a gambling addiction. luckily i make enough money that this isn’t a big loss but i did feel like shit after a while. gambling addictions are a sickness where you tell yourself you’ll make the money back but you won’t. i am a college student so im glad i learned sooner rather than later. learn from me and just buy shares. i have made all of this back on another account and have been able to repay my mothers money + more from fully buying shares of stocks and holding. (along with work money). i’m at a place where i’m past this and have learned my lesson. i want others who are struggling with this to read this post and understand that even when you’re down $12k (or more) people always recover from bad financial decisions.
https://i.redd.it/s7edzwved2rd1.jpeg
Posted by ChampionshipLoose446
34 Comments
a message from nana:
https://preview.redd.it/5siro5ife2rd1.jpeg?width=1024&format=pjpg&auto=webp&s=64a61be7071023f4505992bf73b8dc7638645a5a
Gambling addictions are bad, we can agree. But I think we need more details on the positions? How regarded are you?
This would be a Perfect condom add
Must be a well off family. You’ll recover. Unlike many of the regards here.
Hey dummy this is easy to get back. I had the same issue when I was 19. Now I buy shares and hold until I’m in the green. If not in the green, sell covered calls until it makes up the difference.
It’s okay, you’ll live I blew $20k of my dad’s savings during the pandemic. 
Did you pay her back?
Outta time, outta battery, outta money. Regardless, you belong here.😂
Sorry for your loss, OP, but at least you have an exciting product announcement to look forward to on Oct 16!
You stupid fuck why would you options trade money that’s not even really yours
Ripperino pepperino 
*Your favorite stock jumps 10% tomorrow*
Downvote for low quality post. 👌🏼
Should have left half in SPY.
Vlad Tenev sends his regards!
Good on you man, treasure her.
Your mom gave you money during college? Lucky.
The real crime here is the 5% battery 🪫
No worries, I’ll refer to Wendy’s so you can do it all over again. ✌🏻
Regard.
Your mom made the ultimate mistake.
Good job. At least she won’t be disappointed as an intel grandma now!!
How much of Nana’s money did you lose?
https://preview.redd.it/9pi5toni53rd1.png?width=1178&format=pjpg&auto=webp&s=a9153e80d1f57f1ef8f6f163d883e743f398d834
Love to see it. Thanks for this.
> […]gambling addictions are a sickness where you tell yourself you’ll make the money back but you won’t.
Ok
> i want others who are struggling with this to read this post and understand that even when you’re down $12k (or more) people always recover from bad financial decisions.
Spoken like a true addict.
The price of admission of an education can be very expensive. I think most people when they embark on investing believe that they know what they’re doing they can’t lose they have all of the right information. I’ve said it before that the best thing that can happen to somebody when they turn 21 and walk into a casino for the first time and start the gamble is that they lose money.
People tell me why would you wish that upon others and my response is simple because greed has a way of taking control and naivete prohibits you from seeing the casinos were not built on winners.
The stock market is very similar I’ve spent the better half of my life over 36 years now still trying to learn every day right from wrong minimize losses maximize returns. The market’s dynamic technology evolves but the one thing that always stays the same as buy low sell high.
12,000 can be a lifetime of earnings a lifetime of savings for some people for others it can be a rounding error in their paycheck.
My suggestion is you get a second job earn the money back and give it back to your mom that’s the first thing that I would do understand that hard work sweat equity over time ultimately pay off. If something can be earned very quickly it also can be lost just as fast and you just found that out in short order.
So my first suggestion is get a job I don’t care if it’s busing tables helping others on campus whatever you can do to start repatriating and paying back your mom because you will feel better yourself as a person that you write it the wrong.
Your approach and I did not read into it I don’t know if you’re using options or betting on futures or trying to day trade it’s not working and you need a reset. You need to take a step backwards and understand that investing is a marathon it’s not a Sprint.
I witness times in Bull market’s first hand I can go back to 1998 sitting in a Chili’s restaurant and all of the chatter around me were people talking about how much money they’re making in the stock market that they’re quitting their regular job because they make more day trading and investing in the stock market than they do their career that they studied for I went to school for. Typically this is representative of a high in the marketplace when the taxi driver gives you investment advice that’s where the old adage be fearful when others are greedy and greedy and others are fearful should chime in and you start building a stockpile of cash rather than going very aggressive.
Getting investment advice from blind faces online may or may not be something that I would advise myself but I’m speaking from the heart I’m speaking for somebody who has had some very high highs and who’s lost a significant amount of money at times in the market.
I wish you the very best and I hope you make the right choices not only and paying back your mom but in your future investment endeavors.
“Made it all back in another account plus more”
Mmmmmhm
What a fucking idiot, Hope you pay her back.
Well at least your learing to be stupid! Its sinething, its a start.
Tell mom to put up the house. Tuition has been paid.
Congratulations OP. Your mom didn’t need that money.
work 80 hours a week during the summer and pay her back
r/antinatalism