Submitted by zxc123zxc123 t3_yis86x in wallstreetbets
Comments
VisualMod t1_iuk7bjh wrote
User Report | |||
---|---|---|---|
Total Submissions | 22 | First Seen In WSB | 1 year ago |
Total Comments | 822 | Previous DD | |
Account Age | 7 years | [^scan ^comment ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_comment&message=Replace%20this%20text%20with%20a%20comment%20ID%20(which%20looks%20like%20h26cq3k)%20to%20have%20the%20bot%20scan%20your%20comment%20and%20correct%20your%20first%20seen%20date.) | [^scan ^submission ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_submission&message=Replace%20this%20text%20with%20a%20submission%20ID%20(which%20looks%20like%20h26cq3k)%20to%20have%20the%20bot%20scan%20your%20submission%20and%20correct%20your%20first%20seen%20date.) |
Vote Spam | Click to Vote | Vote Approve | Click to Vote |
zxc123zxc123 OP t1_iuk7f77 wrote
Unprotected shorts on TWTR in 2013 because I thought the company was memeshit, stock price overvalued, and knowing IPOs are generally insider dumps on retail.
Sadly, I underestimated how truly stupid markets can get or how short margin maintenance requirements were fully calculated. I never sold but broker closed me out (at the very top of course!).
Trade would have eventually worked out eventually if I knew about short margin maintenance and added more funds. Sucks since $17K 2013 money is a lot more than $17 2022 money. Also not counting the margin interest I owed. On the bright side, I got multiple years of short term capital losses for tax reduction.
TL;DR 600 TWTR shares shorted at $40 and margin called at $70 for a $17K loss.
This is PART 1/2. PART 2/2 still not settled yet.
AutoModerator t1_iuk7f80 wrote
"Not really, but that's alright. Next caller!" - Jimmy Shill
I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.
MaryPoppinSomePillz t1_iuk8hvn wrote
Absolutely moron. It was getting bought at a specific price, well known ahead of time, and you shorted it $10 below purchase price. Can't get more stupid
Rhook-Dutch t1_iuk8l5y wrote
My man out here pulling the equivalent in age of halle berry playboy edition loss porn
Edit: spelling
Hungry-Interview9475 t1_iukb6dq wrote
How !
AutoModerator t1_iuk7b9c wrote
Hey, if you haven't already, please reply to this comment with your positions and what led you to enter or exit them!
I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.