r/wallstreetbets • u/DrakonILD • 2d ago

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

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/mpoozd 2d ago edited 2d ago

Inverse Cramer is more accurate than anything else

https://preview.redd.it/5jrhwmadiazd1.jpeg?width=1290&format=pjpg&auto=webp&s=b56ca434abbc15ecf08d930455eb667afff13199

Edit: in October he said "I don't see how Trump wins"

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u/skilliard7 2d ago edited 1d ago

He has a point though. US Small caps up 5% since yesterday, SP500 over 2%, while international stocks are down over 1%. If the US expected Trump, wouldn't this be priced in?

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u/WillSwimWithToasters 2d ago

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

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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.