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UserOfTheReddits t1_j6imbcj wrote

last time I took random advice from this subreddit I lost my life savings (few days ago a mf said to buy puts on tesla… shit went up 10% 2 days in a row)

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BiggToastie t1_j6isq5a wrote

Maybe don't gamble your life saving because of anonymous Internet strangers.

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UserOfTheReddits t1_j6isxh2 wrote

who said anything about gambling?!

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BiggToastie t1_j6it4tt wrote

Buying shares is literally gambling o.O

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UserOfTheReddits t1_j6iu8im wrote

well guess what. I didnt buy shares… I bought contractual documents that would give me a right to buy shares that I didnt buy 😎

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OliveInvestor OP t1_j6ivtkd wrote

Sorry for your loss? This is a defined outcome strategy though -- if the capital requirement here is your life savings then I wouldn't recommend. Personally I try not to have any single position be more than 10% of my portfolio, especially if it's a riskier trade

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YoungTrader05 t1_j6l7oke wrote

I mean, then there wouldn’t be a point to be on Reddit… 🤣

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evilartnboy t1_j6it0ld wrote

Last time I took advice from this subreddit I made 12 dollars (a 100% roi)

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UserOfTheReddits t1_j6iup0t wrote

Im fairly certain achieving a 100% roi is mathematically impossible according to orange blossom theorem

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evilartnboy t1_j6lg9od wrote

I don't know what that is so it dosent apply to me. All I know is that I doubled my money

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[deleted] t1_j6j60r7 wrote

[deleted]

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graciesoldman t1_j6jitez wrote

I lost money in Vegas years ago on dog races. Got so hammered, I was betting on races then watching the wrong monitor and race. I lost about $40...I recommend you try dog races. You won't lose as much and you'll have a great time yelling at the monitor...

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Unknownirish t1_j6l5epp wrote

But think of the karma points from lose porn pictures!?

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