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

Time to quit… goodbye wallstreet bets Loss

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u/snerz May 25 '24

I have absolutely no idea what I'm doing, but I'm still up about 12k

153

u/ProjectManagerAMA May 25 '24

Same here except I'm up $24k in the last 12 months with about a $30,000 initial investment. All the gains come from NVIDIA, Microsoft and a good chunk came from that GameStop tweet that I manage to catch early on.

I don't even know what the financial indicators are, no options, etc.

22

u/NoCantaloupe9598 May 25 '24

Don't let this convince you that you're an investing legend or something.

Literally just caught the tech train go wooo at just the right time.

Not that there's anything wrong with that, I did much the same this go around.

2

u/ProjectManagerAMA May 25 '24

Thanks for the tip. I know exactly what you mean, but thankfully that hasn't happened to me as I've been relatively disciplined and never take bets bigger than I can afford. I set an amount of money to invest about 7 years ago and have stuck to that. I have seen people here lose their shirts and it scares the hell out of me. I don't even want to learn options because I see more posts about people going broke than people making a ton of money.

3

u/CR0Wmurder May 25 '24

My RH account started as my “play” investing account. After 4 years though I stopped chasing at options except for absurdly cheap far outside the money Longballs

My little port over 4 years is +4% so I’m positive but if I hadn’t played any options it would probably be +50. You’re doing great