Close Menu
    Wall Street

    Drowning in 30k in high interest debt payments. Only one solution: take out a 40K HELOC.

    I know I’m supposed to list specific trades but I was really yoloing 2-3DTE spy options and Tesla (where I nearly fucking lost everything).

    Day 1 38k to 79k. Mostly just swinging spy and Tesla puts.

    Day 2 80k to 10k to 130k. September 11 when there was a crazy turn in the markets. I sold all my puts in the morning bought a $80,000 worth of spy calls on the way down. At their bottom they were worth $10,000. Market rebounded and ended up at 133k.

    Day 3-4-5 I went from 133k to 185k back to 133k where I decided to dump 85k on weekly tesla puts. Literally lost it all.

    Ended with about 10k in profits and ran away scared.

    Couple weeks later, realized I’m still drowning in this debt and took out the heloc again.

    Same deal, swinging 200-400x 1-3dte options.

    Went from 40k to 72k to 30k on Wednesday.

    Went from 30k to 108k yesterday.

    108k to 133.7k today.

    No specific trades. Just vibes, a gambling addiction, and volatility.

    Yes I’m withdrawing it all on Monday.

    No, I’m not trading anymore (this year).

    No, I don’t need to save any money aside for taxes (I’ve lost enough to roll it forward for the rest of my life basically).

    https://www.reddit.com/gallery/1fwe1dx

    Posted by DANNYBOYLOVER

    View 35 Comments

    35 Comments

    1. TFPwnz on

      Gambling house away on weeklies? Definitely belong here. ![img](emote|t5_2th52|4267)![img](emote|t5_2th52|4271)

    5. wealthy_poopface on

      Respect to you for acknowledging you’re a gambler and not a stock picking genius 🥳

    6. DANNYBOYLOVER on

      Addiction is when you make 100k and spend the rest of the day thinking about how those $568 calls you sold would have been worth $440k rather than 140k if you weren’t such a little bitch and sold

    7. hv876 on

      Once a gambler, always a gambler. You’ll be back trading at 9:30 am on Monday. Post your loss/gain again then.

    9. reddituserzerosix on

      you lucky bastard, take the money and run and pay off your shit, my chart only goes down

    13. FamousRefrigerator40 on

      Waiting for the Monday update where he loses it all because he couldn’t help himself. Don’t worry OP you can sell your house next and gamble with the equity.

    21. jlrose09 on

      Dude tell someone you trust and change the password on your account with them. Just a little extra step to keep you from doing it again.

    22. ride_electric_bike on

      Come over to the trade brigade and learn the levels where you can avoid the paper cuts, or the gd self immolation. Every morning at 830 on yt. I am not affiliated in any way, it just helped turn around my program. No big directional position if we aren’t over or under those key levels. The best show in yt for active traders

    23. littlecomet111 on

      Dude, sit in a dark room for an hour and imagine a parallel universe in which you don’t have that extra money.

      Then walk out, withdraw it all into your bank account and close your trading account.

    25. OldKnowNothing on

      Hey, man. You need help. Do you have a family that depends on you, or are you just solo? Have you thought about the damage that these decisions could have on your / your family’s future? We live in a world where you can gain access to capital in a heartbeat, and lose it in another. Look at the people currently suing banks (I.e. guy who spun up $88K to $415M at RBC) and Sportsbooks (I.e. Jacksonville Jaguars operations manager who embezzled $22M) for losing everything they had. Ultimately, it comes down to impulse control… hope you really can walk away from this and stop gambling, because if not, you’ll be next looking for someone else to blame.

    27. Czarguy2 on

      Kinda wish I knew how PUTS worked u guess a stock will hit a certain price on a particular day ? An u can determine how many shares or whatever? Is that it ? Anyone ?

    29. not_a_cumguzzler on

      I’m considering gambling anonymously. But I’m already going to porn addict’s anonymous (not the loss porn kind)

    30. Initial_Profile_530 on

      Reading the account value swings you had literally made my stomach turn. Good shit lmao

    35. buffandbrown on

      How do you mentally handle the big swings? Specially, the day when you went down to $10k balance (Sep 11). Most people would have sold to take max loss.

    Leave A Reply
    Share via