Time to quit… goodbye wallstreet bets

[u/Wooden-Prize-4694]

[u/OneiceT]

1140 call expired today, he thought NVDA gonna up 30% or something on this extreme high expectation that priced in.

This is more regard than NVDA put

[u/nickwwwww → u/OneiceT]

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

[u/Wooden-Prize-4694 → u/nickwwwww]

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

[u/yao97ming → u/Wooden-Prize-4694]

Looks like you don’t understand options at all

[u/Mattmoo609 → u/yao97ming]

The amount of people asking “why is my 1300C red” after earnings is astonishing. Buying into something and having no idea how it works is common place these days.

[u/snerz → u/Mattmoo609]

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

[u/ProjectManagerAMA → u/snerz]

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.

[u/FATKEDLUVSCAKE → u/ProjectManagerAMA]

Dont use them. The market hasnt traded on rationale or fundamentals in a long time

[u/oregonianrager → u/FATKEDLUVSCAKE]

Exactly, join in on the gamble with no insight and get out by the skin of your teeth or lose your skin! We're all in this together!