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BaldeeBanks t1_je7zpzk wrote

Transfer it all to your bank account. Then transfer some funds back to your trading account. Make it feel real and not a digital number.

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Astro_turff t1_je86vml wrote

Probably in the top 5 for pieces of advice I’ve seen on this sub. Seeing those digits inside your bank app is like post-nut clarity.

I also recommend buying something you’ve had on your wish-list for a while, something you’d never normally buy with your paycheque. Like I personally ended up buying a nice camera, after years of saying I’ve always wanted a “professional” camera.

Making those abstract numbers and graphs feel tangible will seriously save you (and your jaw from the late nights behind Wendy’s)

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pw7090 t1_jea179s wrote

So when you lose a ton, you should sell something that you cherish?

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Middle_Name-Danger t1_jeanjgw wrote

Better to sell something someone else cherishes, like mom’s wedding ring or grandma’s house.

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MasterInvaster t1_jedg9tj wrote

When I lose a ton, I also buy something that I've wanted to for awhile. It feels very cheap in comparison to the loss I just suffered, lol

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anus_camper t1_jea4ore wrote

whenever i go on these streaks I take out half, buy a nice dinner, a semi expensive thing i've wanted, and throw the rest in a high yield savings for taxes. Keeps you in touch with the actual value of money.

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morningshiftatmcd t1_jebb21j wrote

Absolutely, what I started doing whenever I win (which is rare), is taking the winnings out in physical cash and then depositing it in my bank account, different kind of feeling

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Ram_0830 t1_je9x1sj wrote

This is great advice. Couldn’t have said it better.

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dnaonurface12 t1_je8m2zx wrote

Exactly this. It’s akin to having Cheques or “chips” at the casino. Having 5 $100 bills in my hand vs one orange chip for sure changes my frame of thinking.

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Wooden_Lobster_8247 t1_jebafus wrote

Still just a digital number in your bank account. To make it feel real transfer then withdraw cash and carry around a fannypack full of 100's for a day or two then deposit it back.

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Delicious-Swimming78 t1_jebfaoc wrote

Still not real enough!! Make it even realer by stuffing it all in a briefcase and unloading that fat stash all over the floor of a late night strip cluubbbb!!!

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throwingbugs t1_je8z9oi wrote

She will never get that far. $3k buying power. So presumably holding 29k in options a week out…. One trade away from quadrupling down on a losing bet and watching it go just as quickly as it came.

What’s the saying? First one’s free, or something like that.. Get out of the positions and cash out!!!

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Bobzyouruncle t1_jea33d7 wrote

I thought you were supposed to keep gambling with it until it was gone and then go bankrupt when the IRS comes knockin'.

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pw7090 t1_jea13n1 wrote

Why doesn't it feel real when I transfer from my bank account?

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Life-Industry-1131 t1_jeb2pbs wrote

Ya I’d take out 25k

Establish far out positions with 70% of the funds, and continue coin flipping the rest.

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Life-Industry-1131 t1_jeb2rwh wrote

I’ve made the mistake before on NOT taking out all my coin flips. Easy come, VERY easy go

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ElfUppercut t1_jebqhdv wrote

Is this on level 2 of the game? I’m stuck at the anti-gain boss of level one…

1

willis_michaels t1_jec2lrd wrote

But then he'll have profit and have to pay tax. It's better to lose it all and get a tax break next year.

1

Dangus77 t1_je89s9a wrote

cash out, delete the app and never look back

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Silver_Ad_5873 t1_jebwjqd wrote

Whats even the point of warning him. We’ve all been there, we were all warned, and we all chose to not listen because “i am different, i wont lose it all like the others”. OP will become another one of us in a few weeks

3

Middle_Name-Danger t1_je82udh wrote

I have TQQQ puts at $25.50 strike. Does this mean I’m not completely regarded?

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braxhusky t1_je7yw8e wrote

Congrats and fuck you!
Also tell us how you did it so we can all bitch about the trades we missed.

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silverwind18 OP t1_je88qgb wrote

The economy will eventually get better since the world's largest exporter has lifted the Covid restriction at the beginning of this year. So the general strategy is to buy calls, and occasionally short if things are overbought/oversold. The market doesn't always react to the news immediately, so I just give it time and do options that are about two weeks long.

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AoLFeaRxQ t1_je89p5y wrote

How long are people going to say China lifted covid restrictions? Its been a long time and allot of them factories never stoped

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Lopsided_Constant901 t1_je8kbfh wrote

Damn…. 3k to 30k thats amazing. I did 1k to 15k and felt amazing, hoping to get to this level soon and almost certainly cash out 20k for savings

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Cheeky_Star t1_jea0w0m wrote

I did 500 to 12k. Cashed out 8k and gambled the rest away. Was actually angry for not taking more risk

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Silver_Ad_5873 t1_jebx04n wrote

Only use 5 of the 15 to continue. Set aside 10k for savings now before gambling more. Remember you were only willing to use 1k when you started and now you have 15k extra.

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BJaysRock t1_je8hnhi wrote

I’m not as regarded as you.

Question about calls. Am I only able to lose the premium I pay to buy the calls. If I buy 1 at .10, then I can only lose the 100 x .10 or $10 right?

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atl_fun t1_jeaoqq5 wrote

How do I avoid that trap where I lose an infinite amount of money? Is it even lost if I don’t exercise by expiry?

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Whythehellnot_wecan t1_jeap7gy wrote

Unless you really really really lied to your broker you don’t have access to place those trades. Naked shorts.

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VisualMod t1_je7y81q wrote

I agree that TQQQ is a good investment. I would recommend buying the $25 put option with 4/6 expiration.

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sh1tler t1_je8yr3r wrote

TQQQ is a good investment recommends buying puts, someone come take vmod home it’s drunk

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denmarkgod2 t1_je9jnax wrote

RemindMe! 2 days

1

Lone_Wanderer2001 t1_je8o8wf wrote

Hopefully I can get there one day seems I just about lose more than I gain.

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Special_Various t1_je8gl7i wrote

You know what date is on this coin? No. 1958. It's been traveling twenty-two years to get here. And now it's here. And it's either heads or tails. And you have to say. Call it.

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4

f1rstcontact t1_je9g1f7 wrote

Wow I am really impressed. I also want to trade stocks, etf. Do you have a guide or recommendation for me?

4

thebranmuffn t1_je9z4av wrote

How are we looking on that all time though?

3

VisualMod t1_je7y7jf wrote

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Total Comments 124 Previous Best DD
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1

ItsNotYourFault t1_je7ykvd wrote

Great job OP but please reply to this comment with a pic of the positions that got you those gains or ban.

1

silverwind18 OP t1_je7yz8i wrote

Short term plays, probably selling by this Friday

https://preview.redd.it/rilbhw3totqa1.png?width=1125&format=png&auto=webp&v=enabled&s=990ed936328fe96639e3762198590ff2a6458647

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Middle_Name-Danger t1_je881sl wrote

Am I too stupid to see any gains there?

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silverwind18 OP t1_je8a3uk wrote

Added

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Middle_Name-Danger t1_je8awm9 wrote

Beautiful. Why are you swing trading TQQQ? I’m not going to argue with the results, just trying to understand the reasoning.

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silverwind18 OP t1_je8bkcl wrote

The Fed will not let the bank failure happen, so they will print, which will lead to a temporary boost to tech stocks. But looking at the weekly and monthly RSI, it's a bit high right now so I've decided to buy puts today.

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viyolentgains t1_jealamm wrote

I think we will see the market run up through earnings, which seem to be coming in stronger than expected. Afterwards puts may print. In any case: congrats and fuck you

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BullyBumble t1_jec6p4t wrote

Weekly and monthly RSI? Tf?

You looking at 15m and hourly charts right?

1

La_Mani t1_jeb7e0d wrote

Cash out. Never trade for at least 3 months. If you want to hold on to those gains.

4

BlockchainBelievers t1_jeac7fj wrote

That's all it takes!

Don't worry though... you'll loose it back in no time and then some!

1

error401x t1_jeanq8z wrote

Looks just like mine, except for the green and also missing the down arrow..

1

twivel01 t1_jeaortx wrote

Keep going. I want to see the inverted chart too.

1

nckw90 t1_jeaphot wrote

OP please gift me some luck too

1

CompetitionDouble420 t1_jeaszpg wrote

u/silverwind18 Really dumb question: in order to exercise those puts, do you have to own the shares already?

I understand with call options, you have to have the capital to exercise your calls at your specified strike. So, is the opposite true for puts? Do you have to own the shares in order to exercise your puts at your strike?

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silverwind18 OP t1_jeb07mf wrote

Yes, in order to exercise a put option, you must have the underlying shares available to sell at the strike price. This means that if you don't already own the shares, you would need to purchase them at the market price in order to exercise the put option.

Note that most options traders close out their positions before expiration rather than exercising them.

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mr-jjj t1_jeax7oo wrote

Dick. Good work. You fucking pecker head.

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Jiganometry t1_jebccn3 wrote

Sounds like a Mark Douglas quote from his DVD you must have used the weighted coin 60/40 probability nice work!

1

aelq3 t1_jebgdmw wrote

Nice fuck you

1

BetaAlpha769 t1_jebh7vn wrote

Now put at least 20k in the bank and do it again.

1

La_Mani t1_jebrpfh wrote

Cash all out and run. Don't come back till after July

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Touch_My_Anoos t1_jebkfx6 wrote

Screenshots must be fake. Phone battery indicator is full.

But seriously, congrats and fuck you. Donwhat others have said and move it all to you actual bank account.

1

StonkitToYa t1_jebnggi wrote

Sell whatever your gain is and put it in your bank account, reinvest with the same amount and hope for the same outcome. If you don’t have the same results at least you made a huge amount.

1

topazeco2221 t1_jebxclr wrote

I’ve been on the other side of these coins

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pyrooomaniac t1_jebxp4t wrote

This guy probably gets phone numbers the first try….

1