Ridiculously stupid active trade

[Destination]

So.

3 weeks ago I decided to gamble on S&P inclusion and put 2 grand into Robinhood and 1 grand into Webull.

I built the RH account, mainly by timing daily tech stocks including Tesla, to $37,000. Webull I just bought SLV and sat on it, and lost $30 bucks.

I flipped at the exact best moments (have screenshots if anybody wants) - literally catching the perfect times to build my S&P position - including multiple trades over multiple days at the very pit of MMDs. I Believed S&P imminent: was convinced to my core, and fired the entire allotment of both accounts at 9/18 500C.

had I been right - that’s a ten bagger and a free 250k.

but as we know - S&P rejected Tesla.

I held during 23% drop day.

THEN DOUBLED DOWN - by adding more money to my position. $1k more (at this point buying me only 3 more contracts)

So, for anybody who wants to see what this looks like, I’ll update the thread as interesting graphics emerge.

May I present to you: the ultimate in diamond hands.

Or what my life feels like in graph form.

I have an affinity to alcohol and this type of thing makes me vulnerable.

but I also am very smart and have made more money doing this than I have made cumulatively over all other professional endeavors, including working for spacex.

Sorry if this is weird but I wanted to show it off because it is unique and it is failure and it is cool.

also attaching my RH historical

Do you want to share your stupid or awesome trade?

 

[Destination]

Current state

(I did jostle the Webull to a week later - I held SLV during the 23% down day on Webull)

 

[UltradoomY]

Wow, I think you would be better off posting this loss porn over at WSB.....

 

[Destination]

Wow, I think you would be better off posting this loss porn over at WSB.....

I made a separate thread instead of taking from a sticky thread.

you’re free to comment, but I think the many many options traders that come here would appreciate the situation, and it may be helpful.

and it isn’t loss porn, I’m up as of right now over 100% in 3 weeks. Just a bumpy road.

if current trends persist Webull may 3x, which puts total wager from start over 200% in 3 weeks....and if we touch 475ish by tomorrow I’ll be up estimated 1000%....

And had S&P included I’d have been up a quarter mil plus on a $3000 wager...

 

[Destination]

Current state: up 200% over 3 weeks

but if Tesla rises ~10SP from RN then I’ll turn the corner and multiply like crazy.

already doubled Webull too

 

[Destination]

Also slid 500 to Nikola because cancer is cancer

n equity to support Chamath because he’s the name you’ll know if you don’t already

 

[UltradoomY]

Definitely not knocking your post... Just reminded me of something I would see over at WSB.
Happy you are still killing it and also showing the sometimes tough process.

 

[EV forever]

As long as you knew it was a speculative play and small portion of your portfolio- no big deal. I have lost many times on speculative plays like this. This one will probably expire worthless

 

[Destination]

I made a separate thread instead of taking from a sticky thread.

you’re free to comment, but I think the many many options traders that come here would appreciate the situation, and it may be helpful.

and it isn’t loss porn, I’m up as of right now over 100% in 3 weeks. Just a bumpy road.

if current trends persist Webull may 3x, which puts total wager from start over 200% in 3 weeks....and if we touch 475ish by tomorrow I’ll be up estimated 1000%....

And had S&P included I’d have been up a quarter mil plus on a $3000 wager...

Also slid 500 to Nikola because cancer is cancer

n equity to support Chamath because he’s the name you’ll know if you don’t already

Definitely not knocking your post... Just reminded me of something I would see over at WSB.
Happy you are still killing it and also showing the sometimes tough process.

ya this is as crazy as gambling gets until somebody comes and shows me otherwise.

but I’m not trying for 3% returns...

I want 10,000x returns and imma just liveblog it here, fail or success, and with all evidence whether I’m right or wrong.

but it’s $3k, I’m up 500k this year on one platform alone. In total I’ve given RH ~10k to make half a mil.

I’m at 40,000% (on gambling accts) or so, so I’m fine. (YoY)

 

[Destination]

Hitting 300%

 

[Destination]

Approaching 400%

 

[ggr]

So, if it were my trade, I'd have sold half when they hit 100% up, that is, double the purchase price. In fact, I enter a "good until cancelled" order for that straight after I make the buy. Sometimes I make a conscious decision to cancel the order if something happens out-of-hours and I expect a big uptick, but mostly I like it that if the sell triggers, I can no longer lose money. It makes me less emotional about swings.

 

[Destination]

Power hour!

 

[Destination]

Drop into close really deflated the balloon, but that’s inevitable. Still can surge if things move early. Hope the Fed doesn’t rain on the parade today. Probably need a catalyst to get things going strong enough in the right direction.

Overall I’m pleased. I took a highly risky shot at S&P, lost, and ended up roughly 300% above my initial investment in under a month. Maybe give some more back today - we’ll see. Probably roll into some insurance calls and move dates out slowly.

Also, maybe ninja 10 bag a $100 amazon call into its recovery. Probably more likely than 10%, but equally likely to remain OTM.

NKLA put should 2x, so that’s nice.

 

[jeewee3000]

So.

3 weeks ago I decided to gamble on S&P inclusion and put 2 grand into Robinhood and 1 grand into Webull.

I built the RH account, mainly by timing daily tech stocks including Tesla, to $37,000. Webull I just bought SLV and sat on it, and lost $30 bucks.

I flipped at the exact best moments (have screenshots if anybody wants) - literally catching the perfect times to build my S&P position - including multiple trades over multiple days at the very pit of MMDs. I Believed S&P imminent: was convinced to my core, and fired the entire allotment of both accounts at 9/18 500C.

had I been right - that’s a ten bagger and a free 250k.

but as we know - S&P rejected Tesla.

I held during 23% drop day.

THEN DOUBLED DOWN - by adding more money to my position. $1k more (at this point buying me only 3 more contracts)

So, for anybody who wants to see what this looks like, I’ll update the thread as interesting graphics emerge.

May I present to you: the ultimate in diamond hands.

Or what my life feels like in graph form.

I have an affinity to alcohol and this type of thing makes me vulnerable.

but I also am very smart and have made more money doing this than I have made cumulatively over all other professional endeavors, including working for spacex.

Sorry if this is weird but I wanted to show it off because it is unique and it is failure and it is cool.

also attaching my RH historical

Do you want to share your stupid or awesome trade?

Honest question from a non-gambler.

If you're so steady day trading stock (building the $2k RH account to $37k in a matter of weeks), wouldn't you just keep doing that to grow your portfolio? I'd imagine you could also make life changing money this way, with less risk.

But I'm fascinated by the YOLO strat