Could you give us an idea of how you earned that money in the first place? If it was from difficult low wage work like food service or stuffing boxes in an Amazon fc that would add to our enjoyment of the post. Thanks in advance!
Well I lost over 15k euro and I work for 1k euro a month shifts jobs including heavy manual labour . I have to spend the next 3 years working for free basicly and live with parents since I can save less than 500 a month.
If I could have won them and scaled I could have made the deposit for a home .
I don't think so. I'm gonna save and invest lump in January into VWCE and do monthly contributions for the next 5 years. I wanna forget this part of my life for now. I actually lost 15k trading alone and over 25k gambling blackjack and soccer mostly.
It's pretty difficult to get good jobs right now in that space. Lot of H1Bs and extreme competition.
But yeah, I'm in a decent position to get decent money again whenever I recover my mental state.
Unfortunately the job I have now, I'm very-very highly likely to lose because my mental state broke. I'm a one man army programmer, and I can't do work like that when my mind is shattered.
Cifr, Mara. (some others, but these were the majority) 2.5x leverage in regular stock with 7% covered calls. lost majority then did final options today as a hell mary for calls once I lost 35k and had 5k left.
I don't care if Ban. Just posting so people can be amused for my misery.
You might've just coined the term "Hell Mary" to describe a Hail Mary play that misses and goes down in flames. If nothing else, I actually think that will catch on, especially with football season going on. As for the rest, don't despair.
I'm not saying ignore what happened, what you learned from it, or how it feels. It's a big loss and it's gonna hit. But you can't let it consume you. Accept it. Learn from it. Move on. There is a whole future of ups and downs ahead outside the casino and who knows what opportunities could come along in the next 15 years. Remember, we bleed red just like our portfolios, and enough blood has been shed today. Move forward. Crawl, walk, run. Who knows what you'll find along the way.
Good vibes, dude. It’s always darkest before the dawn. You got this.
Honestly, day to day, this sucks. It’s a giant headache. A good job that isn’t too stressful that gives problems to solve is a much better life.
You’ll be happier in the long run. Just remember to keep moving forward every day from here. There’s that old story of the man who was eaten by the snake, and how he got out was to take a big bite of the snake’s stomach every day. It’s just one day at a time.
I’m in $CIFR right now heavy at $15. I regret not selling when I was up. Currently down 30% on this position.. however I’m prepared to hold it for as long as it takes and the second I can get out with a minor loss I’m gone.
I almost killed myself the other day but when I see posts like this I’m glad I chose stocks
if nothing else, you made me feel better. My possition is crushed and I got a margin call that I was able to cover by emptying my savings. All I have now are shares and prayers.
You bought coin mining stocks before they even got into the data center business? You said data center so here I was thinking nebius or iren or like apld. No you picked two that are basically irrelevant.
Ironically I was 10k positive before I went full leverage in data centers. Thought it would be fine, had covered calls in case of a 7% dip. It wasn't fine.
Are these all option? I’m currently down that much but mostly regular stocks and a margin. May have to sell some at a loss next week if downturn continues. It’s nerve wrecking for sure.
I don't understand how people gamble so much on options...if you can't control yourself keep a gambling account separate like I do....and inverse yourself next time! Also, never go full regard...I've had my fair share or wins and losses with options, but I only use like 2% or 3% of my account value at the most. Good luck on the recovery. See you next pay check!
I'm not sure what the misconception is here. However I did not lose majority it on buying options. I lost it on 3 weeks of datacenter stocks going down.
I sold options to lessen my downfall, but that's extremely different than buying.
Brother you are EXACTLY where I am right now. I have 3k margin and a dream 😆 Down from £45k. The irony is I was long on oil last month and was getting killed by FUD and administration related tweets - defying all logic. The minute I switch to data centre stocks I get absolutely killed there as well.
People who don't set a stop loss. Why? Seriously! I get it if your position is negligible, but OP here went all in, with leverage, without any safety net. Why!?
Every time I have used a stop loss it has activated at the bottom of a dip at open and the stock made a full recovery just a few weeks later.
Maybe if I was leveraged to the tits with options they would be more useful. But with stocks they always just seem to delete my money. And the times a stop loss has “helped” me it would just save me by selling around 3% from the bottom of a stock that stagnated low.
I'm only holding shares and have not set stop losses but with how shaky the market is maybe I should start. I feel like holding is the best option anyways. But ye, for options it's different.
I wont get into it here but I have been rock bottom a few times in life, maybe worse than you might think, and I am glad im still around, even if my current life is far from good.
Once you're gone youre gone. Every day youre still around a little triumph of you surviving against an often indifferent and cruel world
I think of myself like a cockroach. Been nuked a few times, lost a few legs to glue traps, but these mother fuckers can't put me down for good
Stay. It'll be too sad to end your story like this. In 5, 10, 15 years you don't know how drastically different your life can look. You can wake up next to someone who loves you and thinks the world of you. Filled with inside jokes and precious moments only you two share. Maybe you two can chuckle looking back at this compared to how great your life is then. And you'll get there because you never stopped believing that sun always rises after it sets.
And listen, your time 6 feet under will come soon enough - like for the rest of us. Chances are there is nothing after that. The world will continue for probaply billions of years after that, so hang around and experience the microsecond you got - even if it contains a lot of misery.
Reading this thread, I make way less than you and burned more than you this year on frivolous nonsense (not gambling, but nothing in it for me). Hope that helps!
This stinks - a lot - but in 10 years, it won't be what you think about every day. You have to ride out the bad feelings and get back on track. Maybe call 988 if you need someone to talk to in person?
229
u/s1n0d3utscht3k 1d ago
remember, you may be a retard
but you’re our retard