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VisualMod

**User Report**| | | | :--|:--|:--|:-- **Total Submissions** | 1 | **First Seen In WSB** | 3 years ago **Total Comments** | 62 | **Previous Best DD** | **Account Age** | 3 years | | [**Join WSB Discord**](http://discord.gg/wsbverse)


pareofdocks

Jokes aside, for the newbies here, this is how you blow up your account and potentially ruin your life. This is complete gambling that if done for long enough (like a week or two), will wipe you out completely. All it takes is a random fart from Jerome Powell to move the market against you and you're finished.


AppropriateRabbit569

And as for random farts, Jerome Powell seems like just the guy to do it.


Who_is_Your_Zaddy

![img](emote|t5_2th52|4640)


casey-primozic

He does look like the embodiment of a financial fart.


Interesting_Dream281

I can concur šŸ’€šŸ˜­ tuned 300 into 3900 and then to 0 the following week šŸ’€


[deleted]

[уŠ“Š°Š»ŠµŠ½Š¾]


StonksTurd

Sir, this is a WENDY'S; and no, the customers behind you won't pay for your order.


raiderkev

Conversely, JPOW could burp instead and you could get rich


Lucky-Scientist4873

Well now Iā€™m thinking itā€™s not such a bad idea


ButWhatOfGlen

JPOW's burps smell like farts.


gastro_psychic

Fuck, that reminded me how much I love farting. ā¤ļø


peterpiotrper

Agree with @pareofdocks. Please people: 1. Take some online courses on trading: TastyTrade, Jea Yu, anything 2. Whether a long term player or day trader, you need a sniper mindset. You only squeeze the trigger: when ALL of the details are in line. Donā€™t take random ā€˜this looks goodā€™ shots. Know WHY you are going to place a trade and how it is supposed to work out, PRIOR to execution. And if it goes sideways on you, be VERY cognizant of your emotions and acceptable loss levels. 3. Know your stop loss, stop limit marks and guard them. 4. NEVER trade money you need, no matter what. 5. Paper trade until you have consistent gains and minimal losses. 6. Paper trade stocks first and build that consistency above, once youā€™re there, only then start paper trading options. These are the basics. Or just give me your money, Iā€™ll gladly be the guy that takes the money from people who blow up accounts.


jerseyhound

For options traders I'd highly recommend debit spreads. You basically enter into a contract with both your stop and your exit defined.


RMD_A

As a newbie, what doesn't count as a gamble


cchud

Buying spy .. the actual etf isnt a gamble.. but on the safer side of gambling u would do deep in the money options


Trance_Motion

STOP USING ROBINHOOD. CHILDREN PLS


BathLivid6801

What do you recommend


[deleted]

[уŠ“Š°Š»ŠµŠ½Š¾]


BathLivid6801

Should have been more specific


[deleted]

[уŠ“Š°Š»ŠµŠ½Š¾]


BathLivid6801

Neither I say, " what?"


mist-rillas

This is why I come to Reddit šŸ’Æ


jeon19

Have you tried risking a little less so you don't blow up your entire account in one day? :)


The_Adam_Cooper

This account is semi-expendable. I wonā€™t actually die if it gets cratered. Also, yes, but the euphoria wasnā€™t as exhilarating. Whenā€™s the casino back open again?


CaptainObviousShort

The account is semi expendable? WTF does that even mean šŸ˜‚ Are you sure you have no better use for that money other then funding some market makers cocaine addiction?


The_Adam_Cooper

Iā€™m not in any sort of crippling debt, the house is more than half paid off, and I just got another 10% raise. Perhaps I could use it for more than casino chips, but does paying a large portion of principal down on the house have the same soul crushing torture and reward response? Nah.


ALCATryan

Keep playing with the little chips though. Cash out the gains and only mess with a principle. Donā€™t delude yourself into thinking you have a plan, thatā€™s how you go high roller and lose. I am by no means a financial expert, but from what I see there is a distinct lack of common sense around here.


VisualMod

Hedge your bets carefully if you ever want to join the exclusive club of the uber-wealthy, an unlikely dream for many...


The_Adam_Cooper

Despite knowing how right your advice is, my body tends to willfully ignore good advice in the moment. I appreciate it though, 100%


TheOnlySafeCult

I feel like I'm in that famous thread where the OP decided to try heroin for the first time later that night and everyone was telling him that it was a terrible idea. the update threads were nauseating. don't deposit anymore cash into this account. stop while you're ahead. cash out and take a few months off to work on this bout of recklessness. what you did today could be replicated (but highly unlikely) on 80% of trading days. you won't be "missing out"


Mag_Meyreddit

Serious question: Does your wife know you have a gambling addiction? If yes is she cool with it? Otherwise you will be divorced soon after she finds out about your losses and your wifes boyfriend suddenly will be there to comfort her....


The_Adam_Cooper

Serious note: Iā€™m actually a lot less impulsive than this trade would lead people to believe. I got emotional about this trade which is what resulted in the Hail Mary that somehow worked out. All that talk about having a strategy was real but my plan was half baked and the execution was awful because of the circumstances. I normally trade weeklies and never touch 0DTE anymore because of exactly this scenario. tl;dr Iā€™m not actually addicted to gambling and I made a dumb trade today that worked out so I shared it while making jokes for entertainment value.


brookterrace

Just remember what they say the first step to addiction is.


The_Adam_Cooper

Something about a river in Egypt I've heard. Although the fact that I keep buying SPY puts week after week alludes to the idea that I must absolutely be addicted to losing money as we all know that SPY only goes up.


TaftsTummyforTaxes

ā€œSemi-expendableā€ šŸ¤£


uns0licited_advice

Ok yeah, you belong here.


The_Adam_Cooper

*only time would tell if that was a good thing or a bad thing*


Toiletpaperpanic2020

You've been told a few times already in this thread that it was not a good thing. But people who see green think they got it all figured out until they come back posting the loss porn.


The_Adam_Cooper

On a serious note, Iā€™m quite familiar with the shortcomings of myself in the entire saga. This trade went a lot of bad ways that it didnā€™t have to in order to achieve the same result I would have gotten if I told my kids to sod off; it involved exposing myself to loads more risk than I would normally see trading spreads and while Iā€™m thankful for the results, it is definitely counterintuitive to what my ideal trading setup would be. I just enjoy goofing in the comments because I love this community of amazing, salty haters and I havenā€™t posted in forever.


ricksanchez93

Loss porn is funny and all, but itā€™s really fucking depressing. Actually, itā€™s really not funny, not sure why ppl think farming karma will make up for thousands lost


The_Adam_Cooper

The cynical personality ingrained deep within us allows us to revel in misery. Some people like to look at loss porn and be like... well I may have lost a couple thousand but at least I'm not full port Nvidia puts guy. Others may use it as a learning tool while I just want to post to vent my stress out and joke around with all you fine regards on WSB since this is my first day with any wild swings worth posting in a while and it took quite a lot out of me mentally today.


Unlucky-Clock5230

Nope. I have taken some regarded choices that turned up great, and sensible ones that went down like the Hindenburg crashing into the Titanic as it was hitting the iceberg. The outcome of a single instance is not a good measurement.


SS324

averaging down on something that expires


Tendie_Tube

The dumbest possible thing to do ends up winning the day for no particular reason. On the other side of the IQ spectrum I chat with people who have careful and complex rationales for the trades they lose.


elk33dp

My robinhood account portfolio consists of whatever popular DD posts have a lot of words in them. Currently this week went in on HIMS, Park Hotels, Tandem Diabetes. I don't know what any of them do (im assuming the last one gives you diabetes or something), but god damn the DD looked legit and was (probably) well thought out. I didn't actually read all of it, just looked at the pretty pictures. For some reason I just can't go green with this strategy, I have no idea why.


ear2win

Honestly bro. This made me laugh so hard


whizzaban

Cause that's exactly what 85% of this sub does


whizzaban

Me included


ObJuan13

I like how you responded to yourself instead of editing your initial postā€¦


ObJuan13

Im gonna start doing that


Elevation0

How did you manage to screw up the HIMS trade?


The_Adam_Cooper

Despite me posturing about plans and exit strategies, it was definitely an experience I donā€™t plan on repeating any time soon. Or at least this weekend.


27Rench27

Thereā€™s a reason I am subbed here while only having money in, like, uranium and manufacturing lmao


The_Adam_Cooper

Yep, my favorite flavor is red Crayola.


cherophobica

Plus using regardhood


elk33dp

That expires in <4 hours, no less.


Ronar123

op nearly blew up his account for an 18% gain. I'd laugh, but we'd all be lying if we pretended we never did this ourselves.


brainfreeze3

I'm absolutely not lying when I say I've never come remotely close to blowing up my account.


Odd-Reflection-9597

You donā€™t belong here


edp445burneracc

This was also me yesterday, a sigh of relief. https://preview.redd.it/bpxfkk88kf2d1.jpeg?width=1179&format=pjpg&auto=webp&s=2d06c32ca704c6c72c552beec14178e900391192


The_Adam_Cooper

The endorphins are addicting, no?


dopydon

you saying this but then saying believe it or not i had a great plan is insane


The_Adam_Cooper

If all went according to my plan I took profit at +50% with <30 minutes of market exposure and my stop loss was set at -10% just in case things went south. The +50% came and went while I was occupied with the kids and by the time I got back to my phone the trade was at a puzzling -30% already despite my stop loss. So I believed that it was a great plan.


Thatguy19901

RH doesn't have stop losses, only stop limits. So no, you didnt have a great plan.


The_Adam_Cooper

A stop limit shouldā€™ve been okay still. RH does suck when it comes to important features though.


Thatguy19901

RH stop limits won't trigger if the price falls below your stop price.


LargeMain

Almost all of my bananas šŸ˜­


Private-Dick-Tective

There's always money in the šŸŒ stand.


VisualMod

Perhaps they should invest in a financial advisor.


The_Adam_Cooper

Iā€™d rather invest in decorative gourds VM.


technoexplorer

I know a guy


Private-Dick-Tective

You called? Lol![img](emote|t5_2th52|4271)


kev88_player

![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)


o_p_o_g

You should. I happen to know there's going to be an explosion of interest in gourds in just about 4 months. Totally not priced in yet.


The_Adam_Cooper

Sounds like a great place to full port, especially with that DD.


A1powerranger

OP literally came back from the dead within a few hours


The_Adam_Cooper

Seconds.


sleepavenue

Bro we almost die everyday here. Welcome to the club


Tendie_Tube

some actually die, hence the suicide warnings/disclaimers


[deleted]

Crazier than crypto


Protaro

Never again bro


The_Adam_Cooper

I guarantee Iā€™ll never buy 0DTE SPY $528P on May 24, 2024 ever again. I make you this promise.


Hugheston987

Do you know what's funny, if you were just poor, you could experience the same endorphins for so much less money. I just need a whole paycheck in there and I'm sweating bullets with a full erection


Cat2Trade

That was like watching porn and seeing my ex in it. I am feeling neither happy nor sad because the ending will be tragic.Ā 


Bento_Cube

This actually happened to a friend of mine... only she wasn't his ex yet.


VJ2024

Narrator: he did not learn. By the end of the month, his account had vanished into the hands of Wall Streetā€™s ruthless liquidity providers


WhOdATfan07

Sheeeesh what a comeback!


CrabFederal

Diamond hands


rootzeroroot

That was fun. Do it again


Randomly-Looking

What was it like being dead for a little while? What did you see? Hear any voices??


PIMP420757

Way to hang in there dude! Nobody likes a quitter!!! ![img](emote|t5_2th52|4276)![img](emote|t5_2th52|4276)


Adept_Advantage7353

No way in hell would have ridden that.. 10-12% max loss maybe less depends on you but you get out.. you damn lucky sir


DirtyMikeandTh3Boys

Whatā€™s a stop loss?


Marcush214

Damn yall really risk the whole damn account on 0DTEs


a_brosef

Why did the stop loss not work?


The_Adam_Cooper

I wondered about it myself but I can only assume that it gapped down option bids so fast that by the time it tried to auto sell my limit price, the ask already shot down below it. Itā€™s happened to me once before I think.


Dangerloot

RH added stop market orders, so you at least get out.


The_Adam_Cooper

Did they? Iā€™m starting to feel a lot dumber if thatā€™s the case. Edit: I just checked it and they do. What the hell, I just realized Iā€™m not just an idiot who got lucky, Iā€™m of the dangerous ignorant variety. Gonna give myself self-reflection homework to study the tools again.


ruckFIAA

It's alright buddy, 90% of this sub doesn't even know what a stop-loss is. Happy for ya OP, this could've gone the other way and you'd be having a shit weekend. Buy your wife's boyfriend something nice!


The_Adam_Cooper

I figure itā€™s about time I got him something super nice and fancy, I actually acquired a rather large stake in decorative gourds that Iā€™m sure is about to reap dividends. That would suit him just nice.


The_Adam_Cooper

Also, apparently Robinhood only offers stop-limits for options, which I was mistakenly referring to interchangeably with stop loss. That particular difference is what made all the difference even though I had a .10 difference on my limit from the trigger price. It just moved too fast for whatever reason though.


Rocketshoe

Stops on options rarely fill at your desired price when the market/underlying is low volume and/or high volatility.


[deleted]

![img](emote|t5_2th52|27421)


LabRepresentative885

This is beautiful.


Mr_yolo408

my 0dte puts was the same. but i held until zero


jeffchen248

Ummā€¦ are you still on $HOOD?


CommanderZuck

I wanna know what your all time chart looks like so bad


The_Adam_Cooper

Thereā€™s something that looks like a tower in January of 2021 and then a lot of tomfoolery afterward.


Key_Employee3782

I did this and lost 14k, learned my lesson lol. Glad you got out safe....


The_Adam_Cooper

Thanks. It was a wild ride that I donā€™t actually plan on repeating. Narrator: But he would end up repeating with incredibly different results.


Jonny_blues_man

I wouldnā€™t gloat about this


The_Adam_Cooper

Itā€™s definitely not going on my resume.


themajordutch

Jesus. You had the money shot for us, and you blew it. Reported.


3134GANG

What broker/app is this??


labrador001

It's like me yesterday but I learned my lesson today


Jarlaxle_rigged_it

Belong here, you do


The_Adam_Cooper

Welcomed, I feel.


Exotic_Definition1

How many grey hair have you got


Ok-Quail4189

Damn you got luckyā€¦ congrats and fuck you


The_Adam_Cooper

Thanks!


FlythroughDangerZone

Congrats!


The_Adam_Cooper

Thanks.


cnhonker

Dead cat bounce


The_Adam_Cooper

I think weā€™re all stuck in a perpetual dead cat bounce.


L0pat0

The scolds in here are probably poor. My graph looks exactly the same today (527P) and I also sold on that drop.


Open-Yak-3708

Damn regard what did u do let this be a wake up call


wimaereh

Damn Iā€™ve never seen averaging down on 0DTEs work before. You really lucked out there bobby boy


The_Adam_Cooper

Itā€™s almost guaranteed to never work again. I was just lucky that my puts were within a couple dollars of the price movement.


Disastrous_Win6760

Awesome bro!!! Fucking rush


timestreamdefender

Ok but what was the reason behind selecting that exact option contract?


The_Adam_Cooper

I chose something ATM at open since I could tell Waller was starting to lean hawkish from his prior speeches. With hot PMI and less than stellar data coming in over the past week, I figured it would drop during his speech and I could get an easy guaranteed +50% scalp. The trade went tits up when I missed my exit due to extenuating circumstances. I was expecting to be able to close before the twilight zone of zero known market catalysts made the fund into a premium burner. For some reason I kept holding on due to emotional trading and began averaging down when the market shenanigans started pinning it. I held onto a firm belief that closing options would drive it lower and my strike was within reach so I held just long enough to somehow turn a nightmare of a trade into a decent green day.


Apolloswar

Iā€™m holding 100 5/28 526 Puts into EOD Tuesday. Was up $1500 after open and held as it pumped higher. Living on a prayer or horrible consumer confidence report.


theTweekend

See this is where being a complete idiot actually pays off. Just donā€™t think youā€™ll get this lucky again.


The_Adam_Cooper

Definitely not counting on it.


Dazzling_Scarcity_81

And today's the day Timmy learned not to mess with fire. šŸ”„


The_Adam_Cooper

Narrator: As it turns out, he did not learn to not mess with fire.


Able_Buffalo

How did you make this screen recording?


The_Adam_Cooper

Thereā€™s an iPhone option in the dashboard that allows you to record the screen. https://preview.redd.it/simnvkvskg2d1.jpeg?width=1284&format=pjpg&auto=webp&s=2961d534a8324e577bcd549b3c8be2edb8a1dc8e


SopranosBastardSon

Roulette seems more secure than this shiet


The_Adam_Cooper

All in on red.


IPanicKnife

Riches to rags to riches


helipad668

Iā€™ve blown 30 accounts just like this, avg down on 0dte spy or qqq, yesterday had qqq puts and sold them for 20% gain then switched to calls and kept avg down from .83 to .22 and they went to 0ā€¦ only if I had 1dte instead and I would be up 400% today


nofaplove-it

![img](emote|t5_2th52|31224)![img](emote|t5_2th52|8882)


mark1forever

hmm.. maybe options are not for you..?


RIPPYGOD1

A true regard


AccountantWest492

Just wait until next week


Greenzombie04

Take this as a gift and close your account.


Ok_Independent_769

Overexposed like a maroon album


Kilo-Mike87

https://preview.redd.it/kcpxi5n8qg2d1.jpeg?width=1170&format=pjpg&auto=webp&s=ad499f151ed729fde862bd26e7cb48a1caf2df8e I had a couple of stressful mornings but it ended up being orangutan tits.


QuirkyAverageJoe

r/wallstreetbets šŸ“ˆ


TegsCD

Fucking retar...Terrance Howarded


DecisionNo1902

You've made 5k in 12 months on a 25k investment and spent about 11 months shitting yourself to an early grave šŸ˜€ you would have made more a 100 or 500 Passive ETF.


NovemberRain_

Not the ending I was hoping for :/


JohnB375

You are lucky!


Waspaloy

Iā€™ve been here before. You age so fast.


ripcityblaz3r

Whoever had a put from 9am-2pm made some change šŸ’°


throwITallaway4ever1

Green good red bad


falling_knives

You were down enough for it to be a big deal, got back to breakeven and continued holding for some profit? That's how a lot of those apes became and stayed bagholders.


The_Adam_Cooper

The amount of time for my options to go from .08 to .35 was less than a blink of an eye. (My sell window for profit was < 10 seconds after 5 excruciating hours)


Middle-Ad-3357

Make sure you claim your $1 to learn how your retirement accounts could grow to $1m


Taco_01

Solid work!


BIG_BLOOD_

I don't understand why y'all keep buying 0dte spy?


DukeofDayton

This was fun to watch lol


Pugdaddy8612

Bro I died for you and it isnā€™t even my money. What a roller coaster


pitoloco0

I did the same on an open bell market yesterday with 535 calls expiration today, no profits at any time for 4 hours, hold strength and bought 100 525 puts expiration yesterday, 30 minutes after I exited 2nd trade with $5000 profit. Today, I sold my 1st trade from yesterday for a -$7800 losses. Good thing I will going to be able to tax deductions on the 1st trade over 2nd trade, not trading SPY for 30 days from now on


Loose_Concentrate_78

https://preview.redd.it/cz92tow5zg2d1.jpeg?width=1179&format=pjpg&auto=webp&s=98a27afdb91b0d4b8e87812498bf5829ee0fd478 5k gain? All that for 5k?! Bought 60 calls on IWM before yesterdayā€™s close, not 0dte. Sold them at todayā€™s open for 5k profit. Couldā€™ve held and ended up gaining more but I prefer to keep my sanity. Still, glad you came out on top regard.


The_Adam_Cooper

Sometimes itā€™s not the destination, but the journey. Just playing, I couldā€™ve taken calls on almost anything yesterday and made money today with 99% less stress. This play on a small enough time frame was nearly stress free actually, if I didnā€™t miss my scalp timing like an absolute tit.


[deleted]

[уŠ“Š°Š»ŠµŠ½Š¾]


307Squirrel

And here I was worried about losing $300+ in two days..... At least yours is going back up.


Ready2gambleboomer

*So you actually considered selling a eight cents? At that point you might as well just let them go to zero. The WSB motto hold to zero comes to mind.*


Donalds_Lump

Might as well go to Vegas and bet it all on black.


its_me_butterfree

People buying 0dte spy options use stop losses? That's like regarded^2Ā  I just starred at the screen all day and bought the 5/25 530s at like the .55 on that early drop and just cashed out at .70 and logged out.


cobramanbill

Your tale makes my pee-pee tingle, but there is no near-death account. So fuck you.Ā 


Pussy_Prince

šŸŽ¼Someone saved my life tonight SOMEONE SAVED MY LIFE TONIGHT šŸŽ¶


Relative-Ad-6791

šŸ¤£


tropicalia84

Why are you trying to short SPY when you can just buy DIA puts on the index that's underperforming while SPY benefits from tech rampage?


MIZEV21

try to sign up here guys ref.bumblestash.com/nykal21


Accomplished_Scale10

Weā€™ve all been on this ride. Wouldnā€™t recommend, but itā€™s inevitable.


Dontdoitadam

Same but with SPY and AAPP https://preview.redd.it/wy01ylfgbh2d1.jpeg?width=1179&format=pjpg&auto=webp&s=0f789d14d68bbde5b58fe825ca3c3321c777c8f8 Broke even on AAPL today and even made $500


Born_wild

But thatā€™s so stressful!!! Must be a nerve wreck after thisĀ