Id say the idiot is you considering you want information from me but you're being an asshole instead of being polite. So go fuck yourself

LMAO. If you believe that you definitely belong here

ATH is all time high

Math. My account low in 2002 is roughly where my account is now

Its possible because I didnt do anything you said.

Buy Tesla pre split: 300% gain. Buy Tesla options: 500% gain. 15x in 15 months. Boom. Done.

Get overwhelmed when the 500% gain happens in a month. Get bad advice. Options for end of year go to $0

Now down 70% from ATH

I have an Etrade account near ATH I asked for help, they gave me a guy from Morgan Stanley. I asked him about cashing out my options and buying $QYLD he said not to. I didn't really have another plan. I should have just said fuck it and done it anyway. Had I done so Id have about 1500 shares of $TSLA, 20,000 shares of QYLD and enough cash left over for a 20% down payment on a house.

I looked at the QYLD dividend history since my ATH. The smallest was $0.169.... at 20k shares that's $3380/month, just about 40k a year. Not enough to quit and retire early, but enough to set things on cruise control.

Heck. I could have increased my 401k contribution at work, lowering my taxable income from work, and offset some of the in taxes from the dividend payments.

I had $TSLA Dec 2021 $800C/$1200C in October 2021 Tesla went up 80% in a month. My account went ballastic. It went from roughly 400k to 1,100,000

Peaking the trading day before Elon asked Twitter about paying Taxes. I spent the weekend wondering what the hell to do with the money. So many things I could do. I didn't have plan for my account going up 500% in a month. I considered cashing out the options, asked Morgan Stanley about buying $QYLD. They said dont. I had no idea what to do. I figured the stock would recover from a CEO sale soon, like most stocks do. It didnt.

That cost me 70%.

I forgot that no one cares how much cash you have in savings unless the bank fails. I could have put $600k in savings until I came up with a plan.

You're not good at being rational then. Not having a plan and bad advice from an idiot at Morgan Stanley cost me 70%

Im not

My brokerage account is down like 99% from ATH :(

Just realized my brokerage account had more money at the end of the dot.com bubble in 2002 than it does now

My retirement account is down about 50% from ATH but has gone from [new account] to like $170k now

Doubt. Even if you're not lying Its irrelevant. The sales man I talked to told me not to worth with him when he had the opportunity to make some commissions. Hes bad at his job.

Hopefully youre better at sales than you are at reddit

I dont have a broker you smooth brained regard. I am blaming the broker I talked to at a major firm for being a fucking idiot.

Any broker worth a shit would have told me to take some profits and offered to set up a meeting. He didn't. That's like sales 101.

Hell if any of my friends had asked me what to do I would have told them to take profits and offered to help them figure it out and I am not even a broker.

You probably couldn't sell a cardboard box to a cat

Im still salty about it. My account grew steadily all 2022 late September I made some small bets on Tesla rising into Q3 earnings and larger bets for Nov/Dec calls. Tesla went up 50% in a month. I made like 600k in a month. Mostly options, some $TSLA.

I considered closing the options, paying off my bit of margin - then doing something with the remaining cash but I had no idea what to do with the cash. Asked about buying QYLD was told not too- didn't. Monday Elon asked Twitter about Taxes. Tesla dropped 90% since

Good luck. Im down like a million dollars from Nov 2021 highs because I kept betting the trend would reverse.... instead of quiting and following the trend at some point.

And/or listening to the crap advice I got from Morgan Stanley- and not cashing out my calls and buying QYLD. Id have lost a lot on QYLD but Id still have a bunch of Tesla shares and have a second income stream instead of holding my calls to zero then losing more trying to makeup the losses

Did you make any money?

Im more interested in what they did to reverse the trend and gain 100k back in the last 4-6 weeks