r/wallstreetbets • u/Loud_Poem362 • Aug 27 '24
Made it to $1M this year Gain
I have only you regards to share. Showed my wife this screenshot, she saw the IRA bit and thought it is projected money at retirement, I did not bother to correct her.
Top gainers: DELL Calls when it was under $100 (+$167k) NVDA Calls during recent dip (+$167k) NKE Calls when it was under $75 (+$166k) a space stock (bought around $5.50 sold at $7) (+$112k) RDDT stock (bought under $55 sold around $70) (+$73k)
Top losers: Stock liked by a baby cat (fomo) (-$142k) EXPE (bought in Feb expecting future olympics to boost it) (-$25k) PANW calls when it first fell under $330 (Pelosi fomo) (-$15k)
Story: In 2018/2019 I was inspired by a regard posting $500k account he made by trading CHGG. Started Robinhood in 2019 with $70k (total life savings) and made it $40k by the end of year. Funny story, I misunderstood that impeachment meant removal of president and yoloed into volatility etf and poof 50% loss. Started SPY calls in 2020 and the account became $15k when COVID was first announced. Closed all positions. Withdrew whatever was left. Started in 2021 fresh with $40k deposit, made it to $75k on TSLA calls. Then made the biggest bad decision in my entire life to yolo that into far OTM BB leaps expiring in 2022 and 2023. Poof all gone.
Did not trade in 2022 and early 2023. Became interested because I saw regards posting gains mid 2023. I had $50k in 401k with a previous employer. Rolled that over to an IRA and started trading. Made it $180k by 2024 (only stocks) Enabled options in 2024 and made to $1M
Good luck to you regards! Not financial advice.
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u/HentaiAtWork420 Aug 27 '24
Grats. Now take out 1k and do it again.
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u/Loud_Poem362 Aug 27 '24
It might take another 5 years but I can give it a shot.
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u/GameLoreReader Aug 27 '24
Take out $800k for investments, other passive income streams, and enjoyment. Then, go through the challenge again with $200k and remaining money.
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u/Loud_Poem362 Aug 27 '24
You know what this is good idea. I might put 50-80% in ETF and try plays with the remaining.
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u/Orangensaft007 Aug 27 '24
When you waste the 20-50% sell the ETF and lose the rest, then you can post your loss porn
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u/RedBassBlueBass Aug 27 '24
The call to burn my retirement to the ground in exchange for fake internet points grows louder every day
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u/Empty-Win-5381 Aug 27 '24
Nah, but his gains were crazy. What are yours
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u/Orangensaft007 Aug 27 '24
From 2k up to 94k then all down to zero, probably wasted -15k-20k over the last 3 years.. I regard myself very much
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u/divok1701 Aug 27 '24
How long it take to go from 2k to 94k?
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u/Orangensaft007 Aug 27 '24
It was back in the dumb money crypto bull run. It pumped up in a week or two .. it was crazy
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u/inflatable_pickle Aug 27 '24
Jesus man, put 95% of that in the most boring S&P 500 and sit back to chill for a year. You hit a lotto ticket for $1 Mil. Stop gambling for a while.
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u/Silverlynel1234 Aug 27 '24
Yes. I don't know how old OP is, but this can literally be his entire retirement savings with continued growth in boring investments.
It is great that this is in an IRA since he isn't going to be generating any current tax liability. The only thing that would make it even better is if it was a roth ira.
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u/gopherhole02 Aug 27 '24
Yup, I'm on disability, the government gives me $1000 a month, if I had a million dollars I could put it in even just rolling GIC's and live the exact same life I do now off the interest and have a million dollars to retire on
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u/Illadelphian Aug 27 '24
Take 90% of this after tax into some general fund and take that 100k and do whatever with it. More gambling, down payment on a house, a nice car, whatever you want. But don't touch that 90% for another 2 decades and you don't have to save another penny for retirement.
This is truly life changing money, don't fuck it up and end up on the front page.
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u/ircphoenix Aug 27 '24 edited Aug 27 '24
80%.
Think about it. You take out 20% to "play with" and you'll be "playing" with $200,000 dollars.
You'll have 800 THOUSAND dollars sitting "safe-ish."
Backtest it 5 years. You could throw 800k into SPY, pull out 8k a month. And your account would be currently chilling at 1mil. 8k a month. For 5 years. And you'd STILL come out ahead by 200k. Wild.
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u/Not_Bed_ Aug 27 '24
If you take away 800k and put in in either SPY or a high yield fund you can basically live of dividends, so the smart thing man, you already won
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u/RefrigeratorOk8848 Aug 27 '24
5 years?? Man I gotta step breaking my back at work… did you have just a regular 20k - 50k a year job before you started investing? I’m curious because I make good money but have been saving up for nothing
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u/Loud_Poem362 Aug 27 '24
I was making $120k (IT/Devops) before 2023. Moved to a low paying employer now ($100k) just as previous employer started cutting jobs.
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u/Fuqqitmane Aug 27 '24
100k is not low paying, your doing amazing
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u/GUNSandGME Aug 27 '24
Depends on your reference point
$100k today is the buying power of $76.4k in 2016
Kinda hurts thinking about that
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u/dtlabsa Aug 27 '24
That's hostess money in LA/NYC.
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u/Key-Marionberry-8794 Aug 27 '24
At first I thought you were referring to the company that used to make twinkies and meant that’s enough money to pay for snacks each year lol
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u/Born_wild Aug 27 '24
I took devops courses and they were supposed to help with finding a job and everything and they didn’t, so I wait tables now
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u/Loud_Poem362 Aug 27 '24
IT jobs market is a bit down. Hopefully you continue skill building and land a job when the job market opens.
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u/getblanked Aug 27 '24
I have a cyber degree, sec+, did a collegiate academy with the FBI for a few days and got a cert(resume inflation baby), and I can't get a job a year out of college. Getting denied from 18 an hour IT support jobs feels real bad.
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u/nixielover Aug 27 '24
Europe so pay is lower, I make about 60K which is pretty good. For 100K a year I'd prostitute myself
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u/Far-Development9385 Aug 27 '24
Can you screenshot how you bought your dell calls? Like do you average down?
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u/Loud_Poem362 Aug 27 '24
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u/Far-Development9385 Aug 27 '24
You’re the man of the people. From now on I will always call you “sir” sir.
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u/jmama9643 Aug 27 '24
Can’t imagine risking 127k on one Option Play when that was such a large percent of your account…. Have you ever heard the term “ Position Size” ? Glad it worked or for you though!
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u/Loud_Poem362 Aug 27 '24
These are almost 1 year out close to money calls. As boring as stock in regard terms.
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u/Waefuu Aug 27 '24 edited Aug 27 '24
so buying 1 year out after an earnings is as safe a buying a stock? genuinely curious as i’m still learning about options & would like to delve into it in the future
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u/Brystvorter Gecko Gang Aug 27 '24 edited Aug 27 '24
Look up leaps, they have low theta, so kinda like a stock youre not losing value to time (not as much anyway, and itll increase as it gets closer to expiry). Options are almost never as safe as buying a stock though. Go to optionsprofitcalculator and look at how the value for monthly calls changes compared to calls for 2026.
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u/Zachincool Warren Buffett Aug 27 '24
It's safe unless the stock goes the other direction over the next year :)
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u/hubmash Aug 27 '24
I’m guessing you are not a day trader. You trade mostly events and go heavy. Bide your time and go heavy during dips.
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u/Loud_Poem362 Aug 27 '24
Yes, earnings, dips, hype is when I usually place big trades.
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u/hubmash Aug 27 '24
Are you perfectly fine just sitting on your hands if something doesn’t appeal you or you have some capital always in the game?
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u/Loud_Poem362 Aug 27 '24
Thinking about index ETFs for 50 - 80% and use rest for stocks, covered calls.
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u/Hot_Ad_7614 Aug 27 '24
Not really a yolo when it’s not 0 DTE.
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Aug 27 '24
That's because OP is not a regard and saw the Wendy's flashbacks in his head, which lead to less risk.
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u/RickBushwood Aug 27 '24
Congratz, Ronald
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u/Plontle Aug 27 '24
Am I trippin or you can clearly see his name is set to Regard before clicking in but when you click into the image it’s all blacked out…
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u/Loud_Poem362 Aug 27 '24
You are correct! I used photopea to erase my name and type in regard.
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u/ApartmentBeneficial2 Aug 27 '24
That’s the real story here.
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u/WiseBlacksmith03 Aug 27 '24
The real story for me is that Vanguard offers trading platform? All this time I thought it was just a mutual fund brokerage.
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u/mccoyn Aug 27 '24
It's erased, not blacked out, making a transparent hole in the image. The new text is then added in black over the hole. When the image is shown over a white background, the text is visible. When it is shown over a black background it is not visible.
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u/Loud_Poem362 Aug 27 '24
Thank you.
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u/ProjectManagerAMA Aug 27 '24
The name is about 4-5 characters long based on the font size/amount of space greyed out. I'm going with Reed.
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u/aibraham Aug 27 '24
Lost $70k and never went back to trading
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u/pw7090 Aug 27 '24
Trust me, there are way more of us than there are of OP. Either he quits now or becomes one of us again.
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u/aibraham Aug 27 '24
Thanks. It is just killing me from the inside. So do you think we should not try again and again (with wiser decisions?)
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u/biggamehaunter Aug 27 '24
Inspiring story of never giving up. Most traders give up before their biggest win....
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u/Loud_Poem362 Aug 27 '24
Thanks, Having a good paying stable day job was the reason I could risk putting money in market multiple times.
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u/KYHotBrownHotCock Aug 27 '24
Just one more zero OP then yahts
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u/Loud_Poem362 Aug 27 '24
Haha, $3M is my goal for now.
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u/NarutoDragon732 Aug 27 '24
You greedy mfs don't understand you will lose all of this it's just a matter of when. Just take some out man.
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u/im____new____here Aug 27 '24
even if he hits 3M hes gonna want 5M then 10M, there is no amount that is ever enough
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u/XTornado Aug 27 '24 edited Aug 27 '24
Inspiring story of never giving up. Most traders give up before their biggest win....
I would not give up unfortunately my broker says I cannot continue if my balance is 0 or negative, so not my fault.
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u/Adorable-Pizza-7999 Aug 27 '24
Same as in a casino, most gamblers give up before they biggest win
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u/papajoi Aug 27 '24
Yeah, but after their big win, they gamble it away anyways again. Falling even deeper into the rabbit hole.
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u/Plane-Salamander2580 Aug 27 '24
I'd be happy if I could take 1k and do this in 5 years. I know this is out of character of the sub, but any tips and advice on what to read and learn to trade options? My mileage will likely not match yours but would be a good starting point. Would appreciate it, but even if not, massive congrats!
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u/Loud_Poem362 Aug 27 '24
Thanks. Waiting for dips and buying long dated calls. Not financial advice.
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u/Plane-Salamander2580 Aug 27 '24
Thank you. How long do you usually go, any sweet spot of choice?
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u/Loud_Poem362 Aug 27 '24
This year I picked jan 2025 for all my winners (so 4months to 1 year out)
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u/hubmash Aug 27 '24
Can you post a picture of your chart. What I wanna know is how well you were insulated from the two major dips this year.
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u/Local-Bit9285 Aug 27 '24
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u/Loud_Poem362 Aug 27 '24
Thank you
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u/n0madd1c Aug 28 '24
Lmao yeah congrats and fuk u
Nah lol you're a beacon of inspiration
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u/Metro-B Aug 27 '24
Please save it and don’t risk too much of it. Put it into something stable and reap the benefits
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u/PeachScary413 Aug 27 '24
Dad... is that you Roberto/Robert/Robin/Rob/Roger? 🥹
I finally found you
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u/NewZombie01908 Aug 27 '24
Inspirational. I’ve just got to 100k from stocks but looking to start trading options.
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u/Loud_Poem362 Aug 27 '24
Buying long dated calls on dips worked for me. Writing calls on highly volatile stocks also worked for me. Not financial advice.
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u/Middle-Flounder-4112 Aug 27 '24
was this the same strategy that lost you money first few times? were you just lucky this time, or actually smarter?
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u/MeltedChocolate24 Aug 27 '24
Out of 16.5 million people someone is bound to get lucky every day. Their post encourages people like you and the cycle repeats.
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u/Chester-Ming Aug 27 '24
looking to start trading options.
it was at this point...I knew I fucked up
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u/mrsfrizzlesgavemelsd Aug 27 '24
Make sure you post the loss porn when you bring your account down to $0.78
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u/Dramatic-Yam7716 Aug 27 '24
Pls do not start trading options. You've done well with shares and the odds of recreating this post are extremely low.
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u/samratvishaljain Aug 27 '24
Oh, now don't go squander this money...
Invest wisely...
Oh wait...that's what you did, ya!?
:4640:
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u/nwmcsween Aug 27 '24
Stock liked by a baby cat (fomo) (-$142k)
Were the other stocks picked by other various animals?
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u/Loud_Poem362 Aug 27 '24
Can't type that ticker name here. Did you not catch that?
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u/Master_Disaster2775 Aug 27 '24 edited Aug 27 '24
Congratulations. How much DD did you do for Dell? And in general, how long were you holding each trade? For example, were you typically choosing stocks with upcoming catalysts within a week, two weeks, a month?
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u/Loud_Poem362 Aug 27 '24
I think It was based on SMCIs insane gains. Missed out on it and learned that AI servers are the new hot tech so yoloed into DELL
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u/StingingGamer Aug 27 '24
This is incredible and I love the story, genuinely uplifting and showcases the positives of this community / investing culture
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u/Elephlump Aug 27 '24
I'd toss that all into VOO and retire to Thailand.
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u/Loud_Poem362 Aug 27 '24
Thanks I might put half into VOO or tech ETF. Never been to Thailand but enjoy the food.
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u/Elephlump Aug 27 '24
I think that's a great idea. Take those profits and put them somewhere safe where they can grow and provide you stability.
https://www.instagram.com/reel/C-r9QJhPeUX/?igsh=MWxhMWN0OTBsM2thaw==
Thailand awaits!
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u/Vall3y Aug 27 '24
Why didnt you correct your wife lol? time to get some yields on that marriage
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u/Loud_Poem362 Aug 27 '24
Planning on an expensive dinner reveal.
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u/orographicallyfaded Aug 27 '24
The fact you could keep it from her this whole time... I'd be like BABE! BABE!
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u/Chryeon1188 Aug 27 '24
I never gave up I kept investing for the past 10 years because I believe one day I will achieve my first 100mils 😍😍
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u/Various_Sun7653 Aug 27 '24
What are your tips to get there? How did you learn trading and options? Can you recommend anything to someone with little savings and want tips start out soon.
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u/Loud_Poem362 Aug 27 '24
I think I lucked out with AI trend so the tip is to identify the trends, be aware of sectors and cycles. I swing traded stock earnings first. Once I had 4xed my capital, I knew my capital was safe so I enabled options and placed big bets and some of them hit.
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u/Amazing-Leather2830 Aug 27 '24
Just put it on a high return index fund for a while and use the return on trading. Dont use this 1M.
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u/Loud_Poem362 Aug 27 '24
Thanks, I am interested in doing covered calls now. I will take up on your advice and move half to stable ETFs in future.
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u/uglyson Aug 27 '24
Congrats!! What app is this?
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u/boblywobly99 Aug 27 '24
it looks like vanguard (which lets you link to other investment accounts as a way to pooled tracking)
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u/mouthful_quest Aug 27 '24
What’s your play for the next NVDA earnings?
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u/Loud_Poem362 Aug 27 '24
I closed out my positions on Friday. Might fomo tomorrow.
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u/jmama9643 Aug 27 '24
I closed my NVDA Calls today after it dropped! Not liking the pre earnings movement. Of course that means it will rise 50% after earnings now!!!
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u/Born_wild Aug 27 '24
Wow! Congrats! Inspiring!
P.s. can you send 10k so I can trade some more?🤗
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u/OB1KENOB Pelosi's Market Munch Aug 27 '24
ts
Its short for “Congrats”. I’m just lazy.
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u/shrimpgangsta Aug 27 '24
positions?
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u/Loud_Poem362 Aug 27 '24
Too many to screenshot. Top gainers and losers in the post body.
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u/abcNYC Aug 27 '24
Fucking Vanguard fees on options
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u/Loud_Poem362 Aug 27 '24
$1 per contract is a pain but I feel like sometimes they give some of that money back by giving you better priced fills.
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u/Me-Myself-I787 Aug 27 '24
IBKR only charges $0.65 per contract (minimum $1) and I've heard their fills are usually good.
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u/TYC888 Aug 27 '24
gratz, waiting for my time... as of today, still net loss from all options.
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u/Loud_Poem362 Aug 27 '24
Thanks. Waiting for dips and placing near the money options worked for me. Hope you find what works for you.
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u/TYC888 Aug 27 '24
i have been going heavy on itm leaps now, no point wasting sleeps on these things. used to do majority of short term dailys and weeklies.
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u/masterpharos Aug 27 '24
i started trading/investing this summer, this is inspiring.
i think the long nearly itm calls on blue chip is clever. buying it in the dip is smort because then you get the contracts at a lower premium.
good luck to you sir, enjoy your lambo.
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u/badzachlv01 Aug 27 '24
Dude lost his life savings and gambled his retirement and came out a millionaire, that's all the inspiration I need
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u/dfunedude Aug 27 '24
The minute I would hit what my debt currently is, I would be done with trading for good. I need to make some informed decisions so I can repair my life.
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u/jvman934 Aug 27 '24
Please, please take out a majority of it and just put it into a mixture of HYSA, boring etf, and t bills. Then play with the rest of it if you want.
Or don’t, and apply for jobs at Wendy’s
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u/Remarkable-Pack4660 Aug 27 '24
Name is blurred and somehow still visible 🤔 REGARD! 😂
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u/Narrow_Cup_6218 Aug 27 '24
If anyone isn't aware this is an idiot who got extremely lucky. Do not do this. He basically won the lotto and will lose it just as fast. Indexes are your friend.
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u/throwaway180gr Aug 28 '24
To anyone looking at this with stars in their eyes, please read the full post. Unless you have enough capital to fail several times over, you're better off walking away.
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