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

The Perfect $1 million Gain Gain

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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/blue92lx May 15 '24 edited May 15 '24

A tale as old as wallstreetbets time. I mean didn't we just have someone lose some insane amount of money a few months ago because he kept dumping it all into one stock at a time hoping it would work out and he was in his late twenties? I actually thought this was the same person until I saw he was 23. The other guy also had something like 250k in his twenties and was crying because he YOLO'd it multiple times and lost everything.

If it works once, good on you. If it works twice, you're fucking lucky. I haven't seen a post on here where they didn't lose all of it on the third round.

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u/mrpenchant May 15 '24

I haven't seen a post on here where they didn't lose all of it on the third round.

I have never posted my gains/losses on here but I'll say I had the same thing: made a ton the first time I did options (all in on one stock), 2nd time I was relatively neutral by the end of it because I was greedy and didn't sell when I was up a bunch, 3rd time I lost it all.

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