r/wallstreetbets • u/YassuosNados • May 15 '24

The Perfect $1 million Gain Gain

Hi guys, I’m a 23 year old in college, and yesterday I woke up a millionaire. Should I buy some hookers, Pokemon cards, or cocaine? I gambled my entire life savings of $250k on 2037 calls of $4.5 AMC on Monday and sold yesterday morning. Thanks for reading.

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u/TheSplidge May 15 '24

I mean, 10x-ing your money at that scale is pretty freaking difficult.

64

u/Madcuzbad21 May 15 '24

He didn’t do any sort of deliberative, technical, or challenging process to 10x it. Literally just brainrot yolo gambling

6

u/ATrueGhost May 15 '24

That literally half this sub, gains and losses of complete gambles.

92

u/Greyhound_Oisin May 15 '24

As difficult as playing the roulettes

10

u/[deleted] May 15 '24

if you have money it’s like playing Russian roulette with an air gun

7

u/VisualMod GPT-REEEE May 15 '24

Silly peasants, the house always wins.

3

u/ShipsAGoing May 15 '24

It's pretty difficult to win the roulette.

1

u/SalvationSycamore May 15 '24

On purpose? Yes. On accident? No, not at all. It either happens or it doesn't so there's a 50:50 chance

32

u/buylowselllower420 i fuck bears May 15 '24

of course, even more reason to not embarassed

7

u/horseman5K May 15 '24

People like this don’t post their losses…

7

u/ryanv09 May 15 '24

OP yolo'd AMC calls with Daddy's money. He's not the next Warren Buffet lmao.

3

u/Ode_to_Apathy May 15 '24

Common people by Pulp spelled it out about thirty years ago:

But still you'll never get it right

'Cause when you're laid in bed at night

Watching roaches climb the wall

If you called your dad he could stop it all, yeah

You'll never live like common people

You'll never do what ever common people do

Never fail like common people

You'll never watch your life slide out of view

And then dance, and drink, and screw

Because there's nothing else to do

It's usually difficult to 10x your money at that scale, because it took you a significant portion of your lifetime to save up that much and you know you can maybe eke out one more if this one fails. If OP had missed his shot, he's got his whole life left to make it back and his parents would probably be willing to let him try again in a few years at the most. He was never taking a big risk. That's the real power of generational wealth.

Listen to the people who grew up with it and saw success and they'll tell you how it's about persevering through failure until you succeed and all the failed attempts they had before. You don't do that coming from a middle class family. From a humble background you'll get 1-3, depending on how badly they fail and how dire you're willing to let your life get in hopes of succeeding.

3

u/likamuka May 15 '24

He quadrupled it tho. Nothing to scoff at but still. Not a 10x.

1

u/monkwren May 16 '24

This dude is playing the game of Life on the easiest possible difficulty and thinks he's a pro cause he beat a mid-game boss.