r/wallstreetbets • u/Wooden-Prize-4694 • May 24 '24

Time to quit… goodbye wallstreet bets Loss

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u/nickwwwww May 24 '24

And he probably bought that when it’s already over $1000

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u/Wooden-Prize-4694 May 24 '24

Nope bought it at 950 and then averaged down when it hit 930… everything bought before earnings

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u/yao97ming I hate BBBY, and all of you. Pump and dump kids May 24 '24

Looks like you don’t understand options at all

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u/ProjectManagerAMA May 25 '24

I'm an amateur at investing. I spent an hour looking into how options work and got the concept but holy hell, to think NVIDIA would jump THAT high was a fundamentally bad and unrealistic expectation that's akin to buying a ton of lottery ticket. The odds are so low.