I've held this in long enough. The shame, guilt, lies. Pretending to be cool and knowing what the fuck I'm talking about. I've been holding this in for years. I've cried and cried and cried. I'm fed up with my bitch behavior. It's time to fucking take things into my own hands and change. I'm not stopping, I'm going to gain this all back the slow, and right way. Here's my story.
In 2019 I learned about the stock market. Like a responsible retail investor, I created baskets and diversified my equity investments.
In 2020, I learned about options.
My first gamble was a meme stock I found on WSB that rhymes with Ped Pad Peyon. That was the start of my entire $1M loss and life downfall.
It felt so good to see those big spikes in gains.
But it also felt like the end of the world when it all went to $0.
For some reason, I always came back. I tasted the forbidden fruit, and was addicted.
Fast forward two years, I needed a source for more trading capital – I sold my house and car, maxed out credit cards, borrowed from the bank, and lenders. I lied to family/friends to get money, and worked odd jobs that were shameful.
My wife who I'd been with for 12 years left me, we didn't sign a prenup so there was that whole process…then she took custody of the kids.
Sure, I lost $1,030,220.81. But the worst part of it all, is I lost loved ones, every friend in my life, and every single asset I owned. I cried like a fucking bitch for days on end, slept on benches, backyards, and under bridges.
I managed to save up some money, and am now living on my own, in a one-bedroom apartment.
I know it I can do this. I know I can make it all back. I've heard stories and seen people do it. I understand all the technical analysis, indicators, price action, gamma exposure, OI, risk-free interest, blah blah fucking blah. I know it all. What made me lose it all wasn't my understanding of the markets, it was my ego, my greed, and lack of discipline. My psyche.
I've spent the last 2 yrs dedicating myself to mastering every technical aspect of the market. I've met 10 figure retail investors, hedgefund managers, and everyone in between. Really dedicated myself to learning the markets. Most importantly, I've made good progress mastering my emotions. I've even gone on months without masturbating. I needed to model a stimulus that was just as rewarding as gambling.
I'm here to show that I can gradually get out of this hell-hole.
I've managed to trade back up to $25k, and in the last week I made $14k (options + futures). I will get back to $1M. I'm just here to prove to the world and myself that this isn't over.
Is it the most hedged / low risk decision? Fuck no. The degen surely lives on inside me. But I've tamed it. I guess if you're looking for entertainment, or a person to root for, you can find me on X. Username is ilost1mil. I'll try to give periodic updates here as well.
This is pretty much it for me. Here we go.
P.S. Please don't report me to the suicide prevention. While I appreciate the sympathy, the messages I get are quite annoying. I will be fine. I am fine.
I lost $1,030,220.81 in the stock market.
byu/iLost1Million inwallstreetbets
Posted by iLost1Million
35 Comments
Can I ask, did you get involved in the more “culty” aspect of that stock, IE, did you see people telling you “hey this might be dumb” as shills and engage in the ape-coded behavior prototyped by the game store dorks?
Good job. Keep it going. I believe you can do it too. Keep sizing in portion with win rate and you got this.
holy fuck this makes me feel so much better about myself losing 20k this week
>I’ve managed to trade back up to $25k, and in the last week I made $14k (options + futures). I will get back to $1M. I’m just here to prove to the world and myself that this isn’t over.
> Is it the most hedged / low risk decision? Fuck no. The degen surely lives on inside me. But I’ve tamed it. I guess if you’re looking for entertainment, or a person to root for, you can find me there. I’ll try to give periodic updates here.
You belong here.
If you managed to get 1mil in the first place you must have some ability that exceeds 99% of the rest of the world. You should do whatever that is to make back your money 🤔
Only 100000 customers to.greet behind the dumpster, and you can make it back champ.
How did you get over 1 million of liquidity to start with?
hey you still got 40k left, you could turn it all around with one good trade
Go full port regard! Godspeed!
My man, you were up 2k with 1 mil leverage… try something else would be my best advice
See you Monday bro.
Sounds a lot like stories of poker pros (I used to play professionally) who rode a wave of luck that eventually ran out and then turned into emotional tilt that lost everything. They never could believe they weren’t the guy who was at the top, rather than the sum of their earnings.
While both you and those pros had some skill, you all share an addiction to gambling. Be honest with yourself, it’s unlikely you ‘tamed the demon’. At some point it will get out of control again.
It’s not too late to withdraw a lot this money and put it into a college fund (managed by your ex-wife) for your kids.
Usually in most posts we see a small uptick (first ones free) before the crash. Yours is just all downward trajectory. Congrats you’re King Regard.
Of all the things to blow up your account with, BBBY?
Yknow when the degenerate gamblers STOP masturbating that they’ve really fucked up
How does a random homeless guy meet with 10 figure retail investors and hedge funds?
If you’d invested 1,069,000 in S&P 500 ETF TRUST ETF (SPY) on August 6, 2018, today the investment would be worth 2,284,946.82
Total profit: 1,215,946.82
Sounds like what you need is some 0dte Spy calls
I feel like you could have left out the masturbation part.
YOLO SMCI thank me & send a check when you surpass that Millie
At least it wasnt 415m
The irony of saying that he did all of this studying TA bullshit, but his portfolio is steeper than a double black diamond 🤣🤣
Bro, are you also into astrology?
Its time you stop dabbling in options. What other indications do you need before you stop?
Yo is this a comedy? Are you trolling lol. Did you learn nothing? Where are you so I can take out insurance on you.
“It felt so good to see those big spikes in gains.”
are the big spikes of gains in the room with us now?
see you monday regard
I lost my keys once but I found them in my pocket. Maybe you can… actually, no, never mind.
Sorry man. Rule 1: dont lose money. Rule 2: when in doubt, see rule 1. You cant invest 100k in a trade and let it go to $0. Get out at 85k left
You lost everything to BBBY and still learned nothing.
Maybe you should focus instead on being a good parent instead?
just put the fries in the bag bro
https://preview.redd.it/pt6a7v2mpusd1.jpeg?width=1170&format=pjpg&auto=webp&s=0244731210f999c1c3676185baab038765bd800b
“I call him *Gamblor*, and it’s time to snatch your mother from his neon claws!”
>Is it the most hedged / low risk decision? Fuck no. The degen surely lives on inside me. But I’ve tamed it.
No you haven’t you fucking smooth brained neanderthal. The only thing you’ve tamed is the voice inside your head telling you you have a goddamn gambling addiction. You lost *everything* but *now* is different? When was the last time you thought that huh? When you lost your first 10k? 100k? 500k? When your wife left you? When you sold your house? When you were borrowing money from friends and family like some drug addicted asshole? Did you notice the similarities there?
https://preview.redd.it/xgupa7ajxusd1.jpeg?width=792&format=pjpg&auto=webp&s=986b5b31efff5a3e9508e99ea742dce6f20e363f
> But I’ve tamed it
No you haven’t
> I’ve managed to trade back up to $25k, and in the last week I made $14k (options + futures). I will get back to $1M. I’m just here to prove to the world and myself that this isn’t over.
Bro you proved to yourself that you suck at this already.
Go get a real fucking job and take care of your family instead of being a moron.
I’ve lost 10s of thousands gambling on options, but that’s because I have an actual job paying 350k a year and I only do stupid shit with 10-20k a year.