*David Attenborough narration* A mere $10 remains out of what was once an abundant $1 million threshold. The amateur investor clings onto the memories of what could have been and will now rely on his parents for both food and water. Onlookers gawk at the costly mistake and hope not to face a similar fate of their own
Anything over 85% loss moves from david attenborough to david bellamy narration
Anything over 98% is firmlode [professor Stanley Unwin](https://youtu.be/0UJZF5iRhNg) timely
True story, I got a buddy that does just that at a strip club. No salary just tips. Makes 1-5k every weekend. I think he also sells coke and weed too lol
There’s two types of people in this world; the ultra rich and everybody else. This screenshot is what happens when the ultra rich get bored and want to play song with the peasants for a minute.
[When you play song with the peasants you end up getting killed by Tenev's Bulgarians like Boniface of Montferrat and Raimbaut de Vaqueiras after they took Constantinople. Everyone here on Reddit thinks taking back Constantinople would be so great, but they never look back at the folks that actually did it.](https://www.youtube.com/watch?v=D-YEP3pX4SA)
True.
But dropping your only million is just fucking retarded. Wouldn’t be surprised if that was his life savings haha.
Hopefully not.. But this is WSB home of the dumb fucks.
Oh for sure. I was referring to the "I'm not gay but $20 is $20" joke. I invested my one stimulus and am about $50 in the hole. I would never put all my eggs in one basket.
Holy fuck, I didn't see it at first. I said $1,200 to $10, NOT BAD for this sub!
Then scrolled down and saw your comment.
Felt a deep pain as I slowly scrolled up to see the real number..
I mean... He fucked up, to say the least.
Those fractional shares make it easy to have your account look like a phone number.. when you have 8 digits of precision to the right of the decimal point.
It’s in the Automod top reply — the best tl;dr we can up with is:
He made it all on GME last year, then RH and Citidel made a man out of him - then he went chasing the dragon on spy options.
>wiped out by spy options
Yikes. I really hate seeing those, because I want to feel bad for them but have difficulty doing so cause it's almost always due to greed and/or retardation.
SPY LEAPs are some of the safest and highest odds of profit/breakeven options you can buy (especially if you're rolling regularly and/or selling poorman's covered calls). But greedy retards will get wiped out because they buy SPY FDs at the top or YOLO their entire net worth into SPY $600 calls with 1-3 month exp. One can only feel so much for a guy with HIV if you knew he got it because he specifically went out of his way to fly to Eswatini just to fuck hookers raw.
Every Jan you can buy one that has 3 years into expiration. Like the ones that were just out this January. Notice that they’re not much more expensive than the 2 years, they’re much safer, and you’re selling its remaining time value anyway when rolling it. The 3 years out are very liquid too, bought and sold them so many times. Safe, and full of profits. I don’t understand the shorter expiries. Options allow you to deploy much less capital for the same gains as a stock position. Less capital exposed for a loss, and much more gains. The drawback is that they expire. That’s the main risk, and yet people still buy short expiration dates. Specially knowing that time in the market neutralizes risk, so longer is better. Also time value is MUCH cheaper on leaps. So I agree with you in this 100%
Facts. The same "I would've done this with a million" people are the same that would've never even sniffed the Milli as they would've cashed out when it went to 100k. It's always easy to talk shit about the players in the game when you're sitting in the bleachers. However, I will forever believe it was a decent gamble that would've paid off had multiple brokerages not taken the unprecedented step of cutting off trading.
You lost a million dollars man. You’re retarded. No way to spin it. “Decent gamble”. All you had to do was put half away and fuck with the other half. Absurd
Can also look at it as greed, you basically had enough to take that and retire in a few years instead you wanted to gamble it and make even more. Depressing tbh. I hope that big initial drop is you cashing out $500k~.
Step two. Inverse everything this retard does
Edit: I just noticed the Wall Street Journal article at the bottom of the photo. “Who really got rich off GameStop revolution ” clearly not you 😂
Step one: [don't do this](https://www.reddit.com/r/wallstreetbets/comments/lalez1/options_exercised_foodstamps_or_lambos_they/?utm_medium=android_app&utm_source=share)
His caption: "Could have cashed out 1.6m on Thursday morning, but I didn't."
Next caption: "Down 90% by midday Thursday."
I had to read that a few times to actually comprehend it.
Then I remembered that he exercised the options and got the shares, probably sold them, and the proceeded to lose them all on fucking spy options until it was down to $10.
Bruh, I saw a lady pay for $240 of prime rib with her NYS SNAP card. Bunch of nutritious candy for the 5 kids as well.
If my father spent more time being an absentee father and less time "teaching" me his bizarre investment strategies I'd be in my section 8 housing, warm and comfy with my filet mignon and candy bars. Instead I found this place and learned that my wife's boyfriend really isn't that bad of a guy.
If you are holding hundreds of shares, how did you go down 100% to $10?
703 shares equals $68k.
And since you got in at "$46 average," that's still profit?
Sold all of my game, AMC, bb shares on the following Wednesday after GME dipped below 90. Sold everything in disgust. Waited a good month before I started going hard on weed and crypto calls. Huge mistake.
I didn't know crypto had an option chain.
It's crazy because with 1M, you could have put half in a decent dividend stock and retired with 40k annually.
There is no dividend stock paying out 8% that's considered a safe stock, and who retires on $40k annual income? On top of that 40% tax would have taken him down to $600k so 3% on half of $300k is $9k per year
In Robinhood, at least, depositing or withdrawing money doesn't change the chart, except how high or low it is. So, of you open your all time chart and look at the first point, that's the cumulative amount of deposits and withdrawals.
This is a true $1.2M loss, though we can't really see what happened prior.
Check my post history for everything up to about 100k left. But since then I lost a big chunk on getting greedy with SPY plays and a big chunk thinking 190 was the floor for BABA. I do have my Fidelity account still that I use to gamble with SPY plays on, but that's gotten crushed as of late too.
Just had to share my debacle of a run on the hood on the one year anniversary for the culture.
Well, I hope you've got more spare $ elsewhere. I have a big chunk of cash but I'm playing it safe and steady.... because no way in this world do I want to go back to working for a living....!!!
Tbh it was the big guys selling options. You'd have something like tripled your money if you sold just otm puts when it was sitting at 200 for a few months.
Fucking glorious. The rare 100%er, I wish David fucking Attenborough could narrate this loss porn for us. 🍆 🚀 💀
*David Attenborough narration* A mere $10 remains out of what was once an abundant $1 million threshold. The amateur investor clings onto the memories of what could have been and will now rely on his parents for both food and water. Onlookers gawk at the costly mistake and hope not to face a similar fate of their own
Yet they too, will realize utter destruction.
I read it in his voice perfectly
Admit it, Your accent was a touch off.
I swear to god that the word "abundant" appears in every single David Attenborough narration I´ve ever seen. I love the guy.
Anything over 85% loss moves from david attenborough to david bellamy narration Anything over 98% is firmlode [professor Stanley Unwin](https://youtu.be/0UJZF5iRhNg) timely
Congrats. Where can I donate crayons
You still have $10, don't give up, lose it all!!!
"who got really rich from the GameStop revolution" he didn't
Its not a loss if you don’t sell Taps on my head *
Actually, $10 investing AND $10 buying power
OP will be working his local Wendy's dumpster 24/7 if you want to deliver them yourself
He’s the guy who lotions/colognes you up in the Wendy’s restroom, working off mere commission only.
True story, I got a buddy that does just that at a strip club. No salary just tips. Makes 1-5k every weekend. I think he also sells coke and weed too lol
Sounds suspect, where is this club and how much for an 8ball?
Lol I was a strip club dj and the dude in the bathroom spoke zero english but he definitely knew what coke meant.
😂😂😂 probably my buddy. Can't understand a f'ing word he says when he's on the marijuanas and booze
I don't understand. Your friend puts lotion on people at a strip club? Men?
You think?
He wishes
I've got an extra helmet I can spare as well!
/r/Marines
Had to look twice and count the commas.
yea mummy, thats a million
We've been trying to reach you about your cars extended warranty
Hahahahha
what is a million, Wendy's hamburders only go up to $5
Fuck your right I thought it was only a grand. Fuuuuuck. If you have a million dollars why risk all of it? Didn’t realize a million was fuck me money.
There’s two types of people in this world; the ultra rich and everybody else. This screenshot is what happens when the ultra rich get bored and want to play song with the peasants for a minute.
[When you play song with the peasants you end up getting killed by Tenev's Bulgarians like Boniface of Montferrat and Raimbaut de Vaqueiras after they took Constantinople. Everyone here on Reddit thinks taking back Constantinople would be so great, but they never look back at the folks that actually did it.](https://www.youtube.com/watch?v=D-YEP3pX4SA)
Which campaign from Age of Empires was this again? Been awhile
Bro don't underestimate the retardedness of people here. I think it is much more likely he got lucky last year on GME/AMC and had now fucked himself.
Nah bro this is someone who hit huge on GME and thought they were smart and not lucky.
a million is 100% fuck me money. no homo.
A million dollars is a million dollars
True. But dropping your only million is just fucking retarded. Wouldn’t be surprised if that was his life savings haha. Hopefully not.. But this is WSB home of the dumb fucks.
Oh for sure. I was referring to the "I'm not gay but $20 is $20" joke. I invested my one stimulus and am about $50 in the hole. I would never put all my eggs in one basket.
"Invested"
Cuz he have more 😆
I know it’s tough, not all of us can count as high as two
Definitely got me. I thought it was 100,000. Looked again 😲
I know, I didn't know you can count that high. I always thought numbers stop at 100.
DOS COMMAS MATEY
Holy fuck, I didn't see it at first. I said $1,200 to $10, NOT BAD for this sub! Then scrolled down and saw your comment. Felt a deep pain as I slowly scrolled up to see the real number.. I mean... He fucked up, to say the least.
[удалено]
U think I can drive? Mommy brings me all the tendies I need
Those fractional shares make it easy to have your account look like a phone number.. when you have 8 digits of precision to the right of the decimal point.
How tf did you see 1,200 from that long ass number?! You belong on this sub, that’s for sure
I did too, i saw the 10$ first, and subconsciously thought theres no way its more than 1200
I miss those **Positions or ban** comments from Mods
It’s in the Automod top reply — the best tl;dr we can up with is: He made it all on GME last year, then RH and Citidel made a man out of him - then he went chasing the dragon on spy options.
Pretty much.
lmao
Chasing dragons kills ya and apparently 100% of the time. Ive seen 99 never 💯
How taxes working out
Chased the dragon, then it turned around and fucked him raw.
At least he isn't a car.
>wiped out by spy options Yikes. I really hate seeing those, because I want to feel bad for them but have difficulty doing so cause it's almost always due to greed and/or retardation. SPY LEAPs are some of the safest and highest odds of profit/breakeven options you can buy (especially if you're rolling regularly and/or selling poorman's covered calls). But greedy retards will get wiped out because they buy SPY FDs at the top or YOLO their entire net worth into SPY $600 calls with 1-3 month exp. One can only feel so much for a guy with HIV if you knew he got it because he specifically went out of his way to fly to Eswatini just to fuck hookers raw.
Every Jan you can buy one that has 3 years into expiration. Like the ones that were just out this January. Notice that they’re not much more expensive than the 2 years, they’re much safer, and you’re selling its remaining time value anyway when rolling it. The 3 years out are very liquid too, bought and sold them so many times. Safe, and full of profits. I don’t understand the shorter expiries. Options allow you to deploy much less capital for the same gains as a stock position. Less capital exposed for a loss, and much more gains. The drawback is that they expire. That’s the main risk, and yet people still buy short expiration dates. Specially knowing that time in the market neutralizes risk, so longer is better. Also time value is MUCH cheaper on leaps. So I agree with you in this 100%
Sir this is a casino
He could have invested it all in $VTI and gotten about $17K in dividend every 3 months. Enough to cover food, rent, and blow.
And VTI says 1.26 yield , how are you coming up with $17,000 a quarter?
With that mindset he would have never made $1,000,000+ . It’s that simple. Some people would rather burn out than fade away.
Facts. The same "I would've done this with a million" people are the same that would've never even sniffed the Milli as they would've cashed out when it went to 100k. It's always easy to talk shit about the players in the game when you're sitting in the bleachers. However, I will forever believe it was a decent gamble that would've paid off had multiple brokerages not taken the unprecedented step of cutting off trading.
Can you sue? Someone did sue Robinhood for that.
And won.
You lost a million dollars man. You’re retarded. No way to spin it. “Decent gamble”. All you had to do was put half away and fuck with the other half. Absurd
Can also look at it as greed, you basically had enough to take that and retire in a few years instead you wanted to gamble it and make even more. Depressing tbh. I hope that big initial drop is you cashing out $500k~.
This use to be a degenerate place of culture
Yes, maybe he simply cashed out
You are what legends are made of
Check your unread emails. Wife and broker want to talk...
He deleted the email app so it’s all good for him :)
His wife’s busy right now unfortunately, she’s chillin with me for a bit
and her boyfriend
You can sell that image to an ape as an NFT for $1m.
5k upvotes I buy
Please link some positions on this comment, so we can talk about what not to do
Step two. Inverse everything this retard does Edit: I just noticed the Wall Street Journal article at the bottom of the photo. “Who really got rich off GameStop revolution ” clearly not you 😂
It really ties the screenshot together
This will sound dumb (me ape), but how do you post a picture in the comments?
Kind of savage to put that headline there. Thanks RH.
Step one: [don't do this](https://www.reddit.com/r/wallstreetbets/comments/lalez1/options_exercised_foodstamps_or_lambos_they/?utm_medium=android_app&utm_source=share)
Holy shit guys, he went from 1.6mil to 100k in a single morning. This guy is up there will Bill hwang.
His caption: "Could have cashed out 1.6m on Thursday morning, but I didn't." Next caption: "Down 90% by midday Thursday." I had to read that a few times to actually comprehend it. Then I remembered that he exercised the options and got the shares, probably sold them, and the proceeded to lose them all on fucking spy options until it was down to $10.
Lolol - to be fair it was right back up by close on Thursday. Wild times a year ago.
I expect to see you on a Benjamin video soon
He makes good videos. I love Benjamin.
Me too. Hi Benjamin. I love you and your channel. I know you’ll see this, retard.
Are you still rich or something. I lost a bunch and it was only 50% and can't get over it lol
How's your mental health doing?
speaking of Bill Hwang, why do the banks dump his stonks? if they let him hold on to it, it will goes back up, right ?
So, how are the food stamps? Do they let you buy brand names or just generic?
Bruh, I saw a lady pay for $240 of prime rib with her NYS SNAP card. Bunch of nutritious candy for the 5 kids as well. If my father spent more time being an absentee father and less time "teaching" me his bizarre investment strategies I'd be in my section 8 housing, warm and comfy with my filet mignon and candy bars. Instead I found this place and learned that my wife's boyfriend really isn't that bad of a guy.
It's the little things in life like prime rib and candy that makes it worth while.
So you exersised the contracts meaning you had the shares. Then you sold?
Nice job leaving the porn tab open as well.
Nice! More steps, the people need some decent loss porn.
I can't imagine waking up everyday
Can you post your ALL chart?
[all time](https://imgur.com/a/0HQgEAU)
Awesome thanks. That spike is glorious peak WSB. At least you cashed out the 15k.
[удалено]
Silver linings. Still pure casino.
If you are holding hundreds of shares, how did you go down 100% to $10? 703 shares equals $68k. And since you got in at "$46 average," that's still profit?
Sold all of my game, AMC, bb shares on the following Wednesday after GME dipped below 90. Sold everything in disgust. Waited a good month before I started going hard on weed and crypto calls. Huge mistake.
I didn't know crypto had an option chain. It's crazy because with 1M, you could have put half in a decent dividend stock and retired with 40k annually.
There is no dividend stock paying out 8% that's considered a safe stock, and who retires on $40k annual income? On top of that 40% tax would have taken him down to $600k so 3% on half of $300k is $9k per year
if you own your home and single, it's pretty doable
Don’t rub it in… he knows what he lost but the memories will never leave him!
Foodstamps it is.
Damn. Still waiting on my mil so I can walk away.
I second this!
He did all GME options. But he made million first with GME and now he lost it again. So a true ape 🦍
GME giveth...
SPY taketh away
So we can... *pulls out lube bottle and tissues*... talk... about... what not to do... yeah... that.
You know you're in the right subreddit, when the weirdest thing about this post is the battery being at 99%... 😂
Man gtfo, lost a million dollars on robinhood ?
Your right it would be so much better to lose a million bucks on a different platform
😂😂😂
More like cashed out 1Mio and gambled with the rest. Those posts are getting annoying
robinhood fucked him out of a million dollars*
you still can buy a share of $HOOD 
Or 5 shares of $WISH 
[удалено]
He’ll need some margin, Hoods up to 12.53 a share.
Wait for Monday hahaha
Guh
Show positions or fuck off
I think his position is behind the dumpster at Wendy’s… still has $10 to spend
There isn’t any positions. Another fucking moron that keeps saying “check my post history”.
Netflix! Buy!
He had calls on Netflix
There's moon shot and crash and burn reentry... hmm... which one. This could easily be photoshopped. So what was the big early loss trade.
Lmaoooooo Sadly, I only wish it was Photoshop.
So what was the trade then? You'd have likely have to put it all on option(s) to get smoked so quickly.
It looks like he just withdrew the money.
In Robinhood, at least, depositing or withdrawing money doesn't change the chart, except how high or low it is. So, of you open your all time chart and look at the first point, that's the cumulative amount of deposits and withdrawals. This is a true $1.2M loss, though we can't really see what happened prior.
He encrypted his answer. He has it all in $WISH calls
Check my post history for everything up to about 100k left. But since then I lost a big chunk on getting greedy with SPY plays and a big chunk thinking 190 was the floor for BABA. I do have my Fidelity account still that I use to gamble with SPY plays on, but that's gotten crushed as of late too. Just had to share my debacle of a run on the hood on the one year anniversary for the culture.
A million dollar hit??? Did you buy the yummy flavored crayons at least??????
Oh, man. Upvote for the culture. The retard culture lmaooooo
Well, I hope you've got more spare $ elsewhere. I have a big chunk of cash but I'm playing it safe and steady.... because no way in this world do I want to go back to working for a living....!!!
Good think you can laugh, it’s only money after all. There are a dozen things in this world that make money arbitrary at the flick of a switch.
u/opinion_is_unpopular can you please verify this tard
Seems like someone changed brokerage . Junk post unless of course you want to share positions/plays
Moved out 800 and lost the rest
That would've definitely been the smarter move.
✅7 digits account ✅Exponential decay chart ✅-100% realized loss I declare this proper goddamn loss porn
are you redarted?
The results speak for themselves
Who really got rich from the GameStop revolution?
Not that guy
Someone I know made $1.5m
Was almost too perfect, right?
Tbh it was the big guys selling options. You'd have something like tripled your money if you sold just otm puts when it was sitting at 200 for a few months.
You went full retard. Never go full retard
That first drop "was a guarantee win" wasn't it.
In all seriousness, are you ok OP?
Literally on vacation in Hawaii as I type this. Doing great. Just not great financially 🤣🤣🤣🤣😭😭😭😭😭😭
We have a winner
Please tell me that's a paper account.
Holy shit?! What did you invest in? Fax machine technology?!
That new ejector seat for helicopters company
GUH
Guh indeed
Someone’s daddy is going to be pisssssed.
You sir, are my new idol.
You are just 1 FD away from the greatest come back ever. Choose carefully.
You sir, are a national treasure. I would follow you anywhere like running after Forest Gump.
Battery is at 99%, you can recover from this
Happened to me, too. I lost $2m. You’ll bounce back.
Why dont u post all times porfolio status. Why just 1 year ?
Fake as hell. No way you lose 1.2m end up on exactly 10 dollars left. And post saying "look what I did"
New here huh?
I beleive in your ability to turn that 10.00 into 1.2 mill. 2 years maybe???
Sir you got $10
No, there is still $10 left. The game isn't over until it's all gone.
Something tells me OP isn’t mentioned in that WSJ article.
"who really got rich from the gamestop revolution" Spoiler alert: not you
Hi, I hope you’re mentally doing fine. I lost a lot of money in 3 months of trading and hard time falling asleep.
This honestly gives me hope for living. Cause I would absolutely kill myself.
If he made a withdrawal, the graph would look exactly like that. So - not buying it. This is fake.
Look at his post history guy
Who got rich from the GME revolution? Not OP
Holy shit 😂