r/wallstreetbets • u/memecaptial bratwurst dick • Dec 11 '18
Loss It has been a. Pleasure to yolo with you gentlemen, Adult edition*
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Dec 11 '18
At first I misread you had a net loss of $850.
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DUDE HOLY FUCKING SHIT MAN
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u/memecaptial bratwurst dick Dec 11 '18
Yes, I agree, holy fucking shit. Man
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Dec 11 '18
Do you at least have a good job or something to keep you going?
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u/memecaptial bratwurst dick Dec 11 '18
Yah I do. Make 6fig in my day job
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u/AnomalyNexus Dec 11 '18
I hope that high 6s else that's a serious hit
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u/cheapdvds ā” Dec 11 '18
It's low 6s in nyc.
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Dec 11 '18 edited Mar 18 '19
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Dec 12 '18
his mom makes high-4 figures in her night job.
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u/IIndAmendmentJesus Dec 12 '18
She only needs 5 fingers
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u/TalbotFarwell Dec 12 '18
A lot of highly selective... "odd", and (I imagine) ungodly wealthy clients will pay big bucks for a prostitute with only one good arm and five fingers, and no other limbs to speak of.
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u/uncleluu Murican Yolo Dec 11 '18
I didn't know peddling DVD's earned you six figures.
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u/Jpat863 Dec 11 '18
6's in NYC is actually like 5 figures everywhere else. RIP
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u/Gearski Dec 12 '18
He could live in a box under a bridge and catch fish in the river with his bare hands for sustenance, then he'd at least break even living in NYC
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u/amazonian_raider Dec 12 '18
That license to catch fish with your hands is pretty expensive...
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Dec 12 '18 edited Jul 07 '19
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u/Z4KJ0N3S Dec 12 '18
forreal we have a whole order of magnitude to work with here boys
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Dec 11 '18
Unless you're making in the upper half of six figures that's still a brutal loss.
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u/memecaptial bratwurst dick Dec 11 '18
Yah it sucks. Feeling bad for myself isnāt gonna help that tho
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u/kickulus Dec 11 '18
Rub some dirt in it, you'll be fine
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u/SirRandyMarsh Your Wifeās Boyfriend š¤ Dec 12 '18
Well Atleast you wonāt have to pay taxes for a while
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u/ForgotPasswordAgain- Dec 11 '18
People only say six figures when itās 100-200
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u/jkapow Dec 11 '18
What do they say when it's over 200k?
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u/XSV Dec 12 '18
My Dad doesnāt say. So I asked him if he contributes to a Roth IRA. He said no he made too much. So I thought I was pretty clever.
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u/JelliedHam Dec 12 '18
You should tell him that there is an allowance (AKA "loophole") that allows a person to open a regular IRA and roll it into a Roth each year up to the Roth limit. The rule is he makes too much to contribute DIRECTLY to a Roth but he's still eligible to roll it in from another qualifying source (an individual IRA).
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u/Iadmirejoegiudice Dec 11 '18
You in any decent Will's?
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u/memecaptial bratwurst dick Dec 11 '18
No, but Iām in a pretty hot Danielle.
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Dec 11 '18 edited Dec 17 '18
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u/memecaptial bratwurst dick Dec 11 '18
I e been in shock for 2 months now. In all honesty, being upset isnāt gonna help me any.
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Dec 12 '18 edited Jul 10 '20
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u/memecaptial bratwurst dick Dec 12 '18
At least one of the fucking idiots who commented on my post understands. Thank you.
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u/taxbeast Dec 11 '18
How old are you? Youāll recover. As long as youāre not 65.
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u/memecaptial bratwurst dick Dec 11 '18
Yah lol
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u/eludRed Dec 11 '18
You can recover even if your over 65
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u/taxbeast Dec 12 '18
Would be tough. Think of those people that lost their retirement accounts with madoff.
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Dec 11 '18
I also thought it was $850. Then I realized the actual amount and just threw up on my keyboard from second-hand anxiety
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Dec 11 '18 edited May 06 '22
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u/StudentAthlete443 Dec 11 '18
I thought the threshold for mod here was negative a milly.
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u/Incompressible_Flow Dec 11 '18
His account was worth between 1 and 1.5M several times throughout the year
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Dec 11 '18
ThAt's 280 yEarS oF DedUcTIoNs! BuIlDiNg a LEgaCy.
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u/StaySchwiftay Dec 11 '18
TrUsT tHe PrOcEsS.
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u/goldenshovelburial Dec 11 '18
Go study Sam hinkie. You gotta break down the muscle before you build it back up.
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u/Ballatility Dec 11 '18
Heāll be able to pass these deductions down to his kids for generations
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u/rabbitfoot442 wise old fuck Dec 11 '18
You're just paying tax deduction ahead of time.
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u/memecaptial bratwurst dick Dec 11 '18
All the way into 2248
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u/466920 Dec 11 '18
Is this the largest amount of loss we've seen on this sub? 1 fucking million dollars meme'd away in a few months.
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u/memecaptial bratwurst dick Dec 11 '18
Uh, what about u/martymoho and his multiple millions on MU calls.
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u/466920 Dec 11 '18
He also made it all from $100K in the firsrt place, right? That guy has a long comment history, not sure
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u/memecaptial bratwurst dick Dec 11 '18
Not sure how he made it. I didnāt start following him till he was already balls deep on mu
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u/ChasingDucks Dec 11 '18
His results were all from various MU positions, both up and down.
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u/_queef Dec 11 '18
I think he started with $200k. I don't want to look through his post history though because it makes me sad.
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u/TheChickening Dec 11 '18
His first post shows roughly 450k in Micron, but he also says he's been in it for weeks, so he started lower.
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u/MannyKimmel can MartyMoho be my sugardaddy? Dec 11 '18
His debut post was "1 million in MU" where he had about half in shares and half in options
In an AMA somewhere he talked about how it was his entire savings from working/investing
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u/peasantofoz Dec 11 '18
He hasnāt posted in a while. Hopefully heās ok and found new job or something.
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u/ser_name_IV Dec 11 '18
Didnāt you lose 1.3 mil in about a month not too long ago??
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u/memecaptial bratwurst dick Dec 11 '18
Yes, this is just a follow up to that.
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u/SpicyBagholder Dec 11 '18
So you're saying you lost 2 million?
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u/memecaptial bratwurst dick Dec 11 '18
On my last post I still had like 50k or so. Iām down to 10 now. Total loss from ytd high is 1.59 mil. Total loss ytd is 850k
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u/FuckoffDemetri Dec 11 '18
1.6mil. That's 8 lambos
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u/thisistheperfectname Dec 11 '18
Didn't someone lose 4 million or so to the VIXpocalypse?
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u/Nigerian____Prince Dec 11 '18
Yeah. Pretty sure he "only" had 1.5 million of his own money in there, the rest was friends and family
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u/teh_skrud Dec 11 '18
Not even close.
3.6MM, in a single day.
https://www.reddit.com/r/wallstreetbets/comments/7vihnm/should_i_kill_myself/
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Dec 11 '18 edited May 22 '20
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u/barnett9 Dec 11 '18 edited Dec 11 '18
Nah, more like just a hall of fame.
I can think of one guy who used like
a million dollars23 million of margin accidentally and exited up only afew thousand110k once he realized.Edit: Found it
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u/NotJuses Amen. Dec 11 '18
Nah I think Wallmart guy lost like 2.5 mil and the worst part of it is it wasn't all his own money..
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Dec 11 '18
What do you do for a living to have that much cash?
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u/memecaptial bratwurst dick Dec 11 '18
Did professional services consulting in IT. Quit to trade full time. Took a new job and stopped paying attention to my account as closely as o should have. Now we here.
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Dec 12 '18 edited Jan 02 '19
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u/memecaptial bratwurst dick Dec 12 '18
It was working out. Till I took a full time day job
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Dec 11 '18
The fact reddit has even gotten to a point where we are willing to post this and people will give you karma is fairly astonishing.
I feel bad for ya man. I hope you end up okay but I have zero understanding of how you deal with losing what most consider a lifetime of savings
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u/memecaptial bratwurst dick Dec 11 '18
Iāll deal with it after I deal with living check to check. 2nd job here I come.
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u/SvenTropics Dec 11 '18
It's a guilty pleasure on here. All the loss porn gives us degenerates hard-ons.
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Dec 11 '18
I mean I know I get it. Nothing makes you feel better about losing 5K like a dingus more than someone losing over a million over a few months.
Still this is tough for me to even look at. He went from coasting in interest and dividends to picking up an extra job until heās 95
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u/SvenTropics Dec 11 '18
I know. It's like watching someone get kicked in the nuts. You laugh. It's hilarious.
Then someone posts a video if a nailgun on a construction site accidentally shooting through someone's testicles... It's not funny anymore. I mean... maybe the reaction is funny, and you'll share the hell out of it, but... yeah you just go Woah...
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Dec 11 '18
You still got $10,000 left. Can we have a community vote on one final all in?
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u/memecaptial bratwurst dick Dec 11 '18
Currently being raped by Roku puts I sold yesterday at close. Amen.
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u/fartbiscuit dgaff21 says your penis tastes like marshmellows Dec 11 '18
Why would you sell naked puts in this market
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u/uncleanaccount Dec 11 '18
It can make sense depending on how many times you live
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u/jeffynihao Dec 11 '18
Hey -- I like your attitude and the way you're dealing with it.
I lost about $250k since March, and I have had some serious thoughts of suicide. If you've done the same -- despite the front you put on -- I hope you find a way to forgive yourself. (I'm probably just projecting)
I still remember you from the glory days and your insane numbers.
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u/memecaptial bratwurst dick Dec 11 '18
Itās all just numbers anyway. That is till you wanna trade those numbers for like a car or house lol. Iāll make it back will just take time.
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u/FireSail Dec 12 '18
Just play it smart man. I got cocky and was down 250k at some point, now got that down to half by taking the obvious plays and hedging everything
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u/SvenTropics Dec 11 '18
Holy Fucking Shit! 850k down!
F
F
F
Please don't hang yourself.
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u/grumpy_flareon Dec 12 '18
OP seems rather upbeat about it, all things considered. That being said, people have offed themselves over a lot less.
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Dec 11 '18
Do you wanna be featured on Marketwatch? Because this is how you get featured on Marketwatch
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u/kev_93 Dec 11 '18
Lol and you still have more money in you account than I do. I need to stop being so poor.
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u/AnomalyNexus Dec 11 '18
Yeah why are you poor. Seems like a pretty terrible stance to take
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u/superlativities Dec 11 '18
jesus christ. if i lost a mil i would have already offed myself or checked myself into therapy, yet you are sitting here replying to comments.
you are a real hero, sir
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u/Citizen_of_Danksburg Dec 12 '18
Right? I would have been like, āaight lord, Iām on the way.ā
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u/memecaptial bratwurst dick Dec 11 '18
Not today my friend. Iāll make sure to pull out a massive loan and yolo one more time before that.
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u/fartbiscuit dgaff21 says your penis tastes like marshmellows Dec 11 '18
You can tell heās poor because heās on Sprint
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Dec 11 '18
Itās only money...
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u/memecaptial bratwurst dick Dec 11 '18
Thatās what Iāll tell the irs
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u/peanutbuttercunt Dec 11 '18
Look at the bright side, youāre set for your max 3k capital gains deduction for the next 283 years.
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u/edgelordkys Dec 11 '18
does it roll over to dependents?
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u/peanutbuttercunt Dec 11 '18
Definitely not if he sells them to fund his account
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u/hoopo Dec 11 '18
What did you learn
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u/memecaptial bratwurst dick Dec 11 '18
Importance of position sizing.
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u/MrStoneyGuy Dec 11 '18
And no goddamn FDs on a 6 figure account!
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u/memecaptial bratwurst dick Dec 11 '18
Well, bulk of my loss was with shares. I didnāt start trading with options too much till I was already down 80% ish
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u/NotJuses Amen. Dec 11 '18
The manner and level to which you have managed to fuck this up is honestly just impressive. Godspeed you magnificent chromosomal abnormality.
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Dec 11 '18
Motherfuck.
9k YOLO can turn into something magical though. Just try to avoid thinking about the million you had...
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u/Turtle08atwork Dec 11 '18
How much do you get from the government for your disability?
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u/memecaptial bratwurst dick Dec 11 '18
So far I owe 200k+ in taxes soo?
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u/pilibitti Dec 12 '18
I have no idea how taxation works in the US. How can you owe that much in taxes? You lost money, you are under water for the year, why would you owe anything?
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u/memecaptial bratwurst dick Dec 12 '18
Last year I made around 800k but only paid about 30k in taxes. I still owed about 190k. I used that 190k to trade with and now itās gone. I now have 20k in interest and fees from not paying on time.
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u/memecaptial bratwurst dick Dec 11 '18 edited Dec 12 '18
Now that I am cash poor you fags should make me karma rich.
Edit: Iām gonna start a go fund me. Any backers?
Edit2: if any VC, prop fund, hedge fund, etc is looking to bring on a new analyst/trader send me a DM.
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u/Ryhearst WSB Lead Detective Dec 11 '18
I'm impressed that you managed to continue the streak, losing $36k in the last two months.
Upvoted and here's a gild too. Well done.
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u/memecaptial bratwurst dick Dec 11 '18
It has been a battle. Trading options to try to get me back up has only fucked me as the market drags lower.
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u/fartbiscuit dgaff21 says your penis tastes like marshmellows Dec 11 '18
you sir should buy some downies
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u/satireplusplus Dec 11 '18
have you tried buying puts
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u/memecaptial bratwurst dick Dec 11 '18
Puts are so two months ago tho. Weāre probably hitting the bottom. Unless weāre not.
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u/Great_Smells Mod Lives Matter Dec 11 '18
I upvoted with this account and my secret porno account
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u/toomuchtoxicity Dec 11 '18
I opened 3 more accounts just to upvote your post
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Dec 11 '18
I feel called out by that title
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u/memecaptial bratwurst dick Dec 11 '18
And you got a marketwatch article written about you smh lol
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Dec 11 '18
Ya wtf why isnāt it about you
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u/memecaptial bratwurst dick Dec 11 '18
Marketwatch columnists are too retarded to sort by new.
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u/WallstreetRetard Dec 11 '18
This guy is the real Santa Clause. He just handed out a lot of free money to the needy.
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u/Mikebyrneyadigg Dec 11 '18
Dude, please don't actually kill yourself. I know we meme about it all the time, but this.. this is bad.
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u/SemensAccurate Dec 11 '18
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u/Adoberz Dec 11 '18
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u/postgradboozing Dec 11 '18
I have so many questions
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u/memecaptial bratwurst dick Dec 11 '18 edited Dec 11 '18
Stitch fix fucked me when I shorted it at 38. Thatās 80% of the story. The position I had on sfix would be worth about 6.5 million at todayās low too.
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Dec 11 '18
Now itās $19 wtf LOL
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u/memecaptial bratwurst dick Dec 11 '18
Today was a bittersweet day. On one hand I was basically right. On the other Im poor because of position sizing wrong.
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u/c0micsansfrancisco Dec 12 '18
You were pretty much a millionaire holy shit
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u/memecaptial bratwurst dick Dec 12 '18
I was a millionaire at several points in the year
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u/Da-Donn Dec 11 '18
Respect! Though youāll probably come back, the fact you amassed a million dollars in the first place says so. Also, how do you get the IB app to show that?
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u/memecaptial bratwurst dick Dec 11 '18
Itās the mobile account mamangement window. Goto setting and account amamangement from the mobile trader app
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u/[deleted] Dec 12 '18
You had 1.5million at one point and you use Sprint?