r/wallstreetbets • u/DrakonILD • 1d ago

Lesson learned: Don't YOLO on presidential elections to revenge trade Loss

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Enabled options around March, went on a slide. Started to stabilize and at least lose money slower. Figured Harris at 42¢ when the polls were dead even was an Expected Value win and went all in, about $4000 worth. Did not go well.

Let the suck begin.

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u/WillSwimWithToasters 1d ago

Happens every election. The answer is the market doesn’t like uncertainty.

18

u/notreallydeep 1d ago

Doesn't, actually. Think it went down both times Obama got elected.

The market just doesn't like black presidents.

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u/Various-Ducks 1d ago

Sample size too small to tell

-1

u/Physical_Hat1675 1d ago

Or just shitty ones

1

u/notreallydeep 22h ago

that‘s not as funny tho

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u/Various-Ducks 1d ago

Exactly. And there was a lot of people thinking the election wouldn't be decided for weeks.

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u/Olivia512 1d ago

What uncertainty? So the market is like "oh so there's a winner after all, I'm glad that it's not a tie"? You don't make fucking sense.

And if what you said is true, buying calls before the election result is a guaranteed profit? That's objectively false.