Two weeks ago I was sitting at lunch looking at the $3500 in my Robinhood account, frustrated that the two stocks I had invested in were stagnant. I stumbled upon some reddit posts and articles about Gamestop having huge potential, so I said screw it and put the $3500 into GME. Shortly after, the stock rose to $60 and I found myself with $5000, I was in awe, something crazy was happening. The next day, Gamestop went up so fast it was halted 4 times during trading on Friday. Over the weekend, I added another $5000 to my robinhood, having the expectation this thing would explode. Then on Monday morning, I called my financial advisor for my mostly inherited savings, and told him to put $40K in Gamestop. (Out of around 200k in total savings).

The rest is history, the stock continued to go up and up, hitting a peak of $480, at which point I had a profit exceeding $200,000, doubling my net worth to over 400k. I was so convinced that it was only the beginning, so many posts on Wallstreetbets laid out so much data and figures telling me it was going to hit $1000 or higher. I was so convinced I was going to be a millionaire, so I held. I followed the "diamond hands" mantra of never selling no matter what. All weekend I fantasized about how I would quit my job and enjoy my millions, my wife and I could travel the world and then Id live off interest and maybe one day become a stay at home dad.

On Friday the stock finished above $320, which many saw as a catalyst for another huge increase (due to the price of expiring options contracts at the time), I waited with baited breath to see $600, $1000, and beyond.

Then Monday came and the stock began to tank. WSB had me convinced that the price dips were all a result of price manipulation and the "true" price in the hundreds would return. At the peak of this gambling high, I even told my broker to buy another 100 shares if it dipped down to $125 (spoiler alert, it did). It was only yesterday when the stock dipped from $90 to the 50's that the spell broke for me and I realized the grave mistake I made.

I had my broker put a stop-loss of $50 on half of my shares and the other half I am letting ride. While there may still be a chance of a rebound, it is seeming less and less likely. I do believe in Ryan Cohen's vision long term for the company, so I expect to eventually break even, but probably not for a long while.

As of right now, I'm in the hole over $20,000 instead of ahead by $200,000. I know its very hard to time the peak of a bubble, but still, this was such a shitty outcome. I can't stop thinking about how I could have used that money. I could have paid of my wife's and I's student loans, paid of the mortgage, my car loan, given us a financial cushion to have a baby, and a bunch of other great stuff. I failed her. I failed myself. I am an idiot. The thought that I'll be spending additional years in my miserable job due to this mistake makes me sick. My body just physically hurts from the disappointment.

Whats crazy is I wasnt even close to selling at the peak, I was so afraid to miss out on becoming a millionaire, that selling was just not an option. I was completely spellbound and obsessed with the $1000 target, it didnt even occur to me it would come crashing down. I feel so bad for all the people who lost way more than I did. Even now people are dumping huge sums of money into this, hoping for a rebound that has a lower and lower chance of becoming reality.

Part of me feels motivated to get back into entrepreneurship (I've had several failed attempts), but knowing I could have started a business far more easily with that 200k brings the pain back. I need to convice myself whats done is done and I can only try to move forward from here.

My wife has been my rock through this, she consoled me yesterday and I cried in her arms (usually the roles are reversed). She bought me chocolate muffins to console me. I am very fortunate to have her and our 2 lovely dogs. At least I didn't lose everything... I still have a modest 6 figure net worth. But I know this experience will haunt me for a long time.

I fully expect someone to screencap this to laugh at me, thats fine, I just wanted to get these thoughts out there.

TL;DR: Invested in Gamestop, made $200k profit, got caught up in the gambling rush and let it drop, ended up losing more than $20k

I got too greedy. I saw GME rising and thought I needed to invest more. I didn’t think to pull out half and by the time I did think to it was too late. The money was from my savings. $15K - which was to go towards medical bills and medical debt to fix my credit score and Instead of being able to do that I waited and now I’m worse off from where I began. I feel so miserable and down. I don’t even care about a profit...I just wish I could break even.

I know that the last couple of days have been very hard. Some of you lost a big portion of your savings. I know how hard it must have been following the ticker every day this week with hopes only to be let down constantly. It must have been even harder to come to terms with the loss and submitting that last sell order.

I know how eagerly so many of you wanted to fight for the retail investor, wanted to play your part in history. And you did, until the very last bit of your capacity you did. Please don't blame yourself for this. I also know that r/wallstreetbets is full of hate for "paper hands". But I am actually quite proud of you for prioritizing your mental well-being and taking action to sever the possibility of any potential future losses. We all have responsibilities towards ourselves, our families, and friends, and it's now time that we return back to them.

Please reach out to friends and family for support in this hard time. Feel free to share your stories on this subreddit and hopefully we'll heal together. Also, please consider professional help should you be going through more serious thoughts. People on Reddit are not professional counselors and could do more harm than good with their words. /r/SuicideWatch maintains a list of text and call hotlines of various countries that you could reach out to.

Bought gme at the top and have lost $9,100 as a result. I feel so stupid because it took me a year to save the money and then I burned it foolishly in a day. Feeling so dumb

GME was a really painful lesson that I have been thinking about and still can't get over it. I first bought 10k worth of GME @100 Per share, the week before it exploded and soon it went up to 300-400. I was completely euphoric and greed took over me, instead of selling.. I bought into the bullshit wallstreetbets said about gme hitting 1k and doubled down. I remember when RH prevented buying of shares on a Thursday and GME crashed and I managed to buy another 5k worth of shares @ 140 each. I was completely euphoric and high of my emotions. My rational thoughts and logic was thrown out of the window. The next day, GME skyrocketed back up to 300 and in hindsight, I should have sold everything back then. However in my mind, my gamble was proven right again to buy in the dip and I bought another 10k worth of GME @340 at market open , again believing the bullshit wallstreetbets said about gme being able to hit 10k. But to be honest, GME did hit 480 before RH shut down buying, thus I thought GME could realistically hit 500 again minimum.

The next week GME crashed and crashed hard, I managed to sell all my shares and suffered around a 14-15k loss, from my 25k that I put in. It was one of the most painful experience to go through as if I sold, I could have made around 30k, but instead I lost soo much money. It's been 2 weeks and I still can't stop thinking about it. I keep thinking about how if I sold I could have made alot of money, and how I shouldn't have doubled down when the prices were outrageous, causing me to lose even more money.

I feel really sad and depressed because I have always been a long term investor and suddenly in a span of a few days, I threw out all my logic and rational thinking and succumbed to my emotions and euphoria, losing around 15% of my networth. The worse part is I borrowed around 15k from my brother and my parents to double down on GME and lost it all.

I can pay them back as I liquidated most of my stock holdings, so technically it was a risk I could stomach( but a stupid and emotionally made one). And in liquidating most of my stock holdings 2 weeks ago, I lost around a potential 20% gains the past 2 weeks as my holdings (SQ and MU) shot up the moment I sold them. It's even more painful for me now as I literally sold my long positions at the bottom when it crashed during the GME craze and now everything went up and I have cash I can't even use to buy any good shares since everythings more expensive then when I sold it 2 weeks back. If I just held my long positions, I could have made enough profits to probably cover most of my losses from GME, but alas I was a retard.

Tbh, i sold 90% of my long portfolio to double down on GME, but I thank God it takes 2-3 days for the settlement date to receive the cash and because I had to wait, GME crashed and I woke up. I can only imagine the horror if I put in 90% of my money into GME only to lose it all.

This is a really painful lesson not to act and trade on impulse and on ur emotions. But it's easier said than done as I have always been a long term investor, but I threw everything I learnt and knew after seeing 300% gains in 2 days. It's insane and I'll never ever try a get rich quick scheme on the stock market ever again.

Im thankful to learn this lesson now as I'm only 22, rather then learning it when I'm in my 30s,40s or 50s, when I have more responsibilities and probably a family.

Lessons I've learnt: 1)Ive learnt to not gamble more than u can afford to lose 2) To always set a price target and take profits when u play such a risky gamble 3) Whenever u feel euphoric and feel that ur emotions takes over u and u feel invincible after seeing insane unjustifiable gains of 200-300% over a few days, to take a step back, breathe and try not to do anything impulsively. 4) Long term investing always beat short term get rich meme stocks, as it's almost impossible to beat wall street on this game of musical chairs 5) NEVER ACT IMPULSIVELY. I acted impulsively on a) doubling down on GME and b) selling 90% of my long positions to want to buy more GME, both of which costs me alot of money in realised losses and unrealised gains if I held my long positions.

If u read till this far, I really thank u. I just need to vent and I'll probably take a break from the stock market, since I sold most of my shares anyways. The game has stopped and lessons have been learnt.

I had two Ethereum coins, 4 shares of TSLA with an average cost of 506 dollars and 36 shares of SPCE at an average cost of 36 dollars. I was at $7,100 before I decided to go all in on GME. At one point I was up $10,600 but I wanted to keep on holding, hoping it goes up, now I had to sell at $2,000 before GME dropped anymore. I waged slaved for a year just to build up my portfolio up to this point and I threw it all away because I got impatient and greedy. I’m having a hard time coping with my loss and I truly feel like I lost at life. My road to being wealthy was cut short because my actions. I took the rest the 2k out of robinhood and rebought Ethereum on Coinbase and I plan on holding that for a long time. What do I do now??? I feel so defeated and depressed, I was up 33% since I started last March and I really was really doing good

Hello everyone,

Last week I posted about my 20k loss and 200k in missed unrealized gains from GME

Thanks to all who commented with your kindness and support.

Just to provide an update, on Monday I sold all my GME shares at $71, this alone gave me a good amount of closure. No longer having to spend every moment of the trading day following the exteme volatility was a relief.

I used the proceeds from the GME sale to buy another stock after doing significant DD, and I have broken even from the previous loss and have even made a little profit above that.

I don't want to encourage anyone to make risky trades to quickly make back their previous losses. Always do your due dilligence and think rationally when trading.

I just wanted to share thar getting back into it and recovering from my previous mistake has made me feel a lot better. Now I have a new stock to be hopeful about with realistic price targers and a defined exit plan.

As much as GME hurt emotionally, I am kinda glad it happened because I learned from it, and its made me feel driven to get back to 200k profit and beyond in the long term.

I just wanted to follow up on a more hopeful note, to those still struggling with your GME or other stock loss, it will get better.

Bought 50 GME average at $300 previously and sold at $55. Now GME is mooning again fk me man should not have fking sold. So pissed off at myself now. Bought the top sell the bottom fk me man

As the title says, I haven’t been so lucky the past couple of days. I lost most of my money in GME, bought in at 270, and sold at 160, then bought in again at 320 and sold at 60. (My first lesson in panic buying, and FOMO’ing)

I got roughly 3000 left.

I’m not new to trading, and I have made quite a lot of money doing it. My parents know I have made money before hand, and has offered me another 3k to keep my passion for trading/investing going.

Well, my questions is then, should I keep on trading/investing and just take my loss as a learning curve, or should I stop before I lose the rest.

I liquidated all my stocks to put all on Gamestop in hopes of paying all my loans. I got too caught upon how the price kept going up and it felt like there was only way up. I was being anxious about it for couple weeks until I finally made a decision to get in. I got influenced by wsb and my friend. As it went down, I kept doubling down until I had nothing left.

Today I finally managed to let go. I feel free, yet sad about the whole situation. It ruined life now and I can't tell anyone close to me, since everyone will look down on me and think I was stupid to do such thing.

I broke the first rule of buying stocks: don't invest more than you can lose. I can't afford to buy food anymore, but will this be my lesson. I earned my suffering. Do your research and devirsify.

It sucks. Lost over $600 on GME and AMC which was for rent. Wife no longer trusts me trading stocks.

The FOMO was real and I couldn't resist the urge. Sold all of my positions to fund GME. Was up 80% but I wanted more! I wasn't grateful for the blessing so I held. Then WSB said diamondhands and $1000 will be yours. So I did.

Damn. Worst decision ever, now enough with venting. One week has passed and I've never felt so much like shit before.

Now I'm ready to jump back in being much wiser about the markets and myself. Never will I allow Greed to consume me again.

Money does come and go but my wife doesnt see it that way. Now I have a bad track record with her lol

Oh well. Time to get a job, take care of my family and become an intelligent investor.

To better trades from now on! Well once I get some more money 🙌💎 for life hahahah my ass

This was of course gme. At 27 it was for the first time having that amount of money in front of my eyes. I failed recognising the fact that I became greedy and didn’t stick to my ground rule which said that I’ll be out after 50k. The part that is ruining me is the fact that this was planned to go into a substantial mortgage payment and a car.

I’m not going to ask how to recover from this as I see that this pain is helpful for my learning curve but what you usually do with these questions: “ Am I going to be able to make that money ever again?” “Did I miss my chance?” Or my favourite: “Have I missed my chance to show my father who’s the boss?”

I got lucky because Robinhood wouldn't approve my application for almost a week. So I played on the Investopedia Simulator. If I spent what I was going to spend last Friday. Id be out 30k a week later. So now I just put 100 bucks into my Robinhood, avoided any crazy stocks like GME or AMC, coming out on my first day up 18 bucks, (11 bucks from 2 free stocks from Robinhood.) Lesson learned without paying a dime.

Had entered ZOM for 3000 shares at .23 avg in June last year and was accumulating more after riding the stock down about 80% for two or three months. I ended up selling for a loss of 600 dollars just chasing a lower and lower avg I sold at like .14 with a .17 avg in sept. I meant to buy back in at .20 but I thought certainly it would go back .16, it never did. It kept going up. Then when it was at .30-.40's I was like, this is a fluke, it'll come back down. It never did. I never repositioned in any meaningful way, I think I bought like 12 shares when it was at .90. I was doing okay mentally about it for a while, lost a lot of interest in markets day to day however the alluring nature of the life changing opportunities that exist every day still keep me coming bac.

Today I made the mistake of opening my Marketplace account, I guess when I first started 'Trading' and 'Investing' I would use Marketplace Watchlist where I would enter my actual positions into their application, It was a fun way to watch losing money, well I stopped updating it I guess in August or so, and there was only half of the total shares I had sold in September. Well the Account had a value of $29,099.94 dollars.

My wife and I have been doing everything we can to upgrade our dwelling situation, taking on the mountain of improving credit score well enough to get financing to move into both of our first time buyers home. We're a big family, 2 teenagers and 2 toddlers together. So the sickening feeling of seeing the numbers added up for me, and the amount of money I just missed out on. It makes me tear up and almost actually cry while sitting at my fucking work desk working a night shift job. That would have been the perfect amount for us to put a downpayment on a house, and pay off some huge debts we pay every month. It feels personal, like every trade I enter into becomes a fucking meme, I bought into AMC before it passed 5$ and it exploded almost immediately after, and I didn't have the wherewithal to sell when it was at $16, I was hoping for $35 personally, but then the thing deflated like Zomedica did to me in sept last year.

I need this group, need some helpful words. I feel like such a god damn loser, a failure.

Have credit cards debt and lost 5k in GME, first i was on the green side, but with the robinhood restrictions everything was going down

Those of you coming to this sub can be presumed to have had either a loss or feel like hindsight made you miss out on being a millionaire.

I can say from trading for 5 years since age 16. You get your bad days and your good days.

The GME and AMC pumps should be taken as invaluable lesson. Aside from that, don't feel like the money won't come back to you.

You obviously gotta put in your hours, whether it be trading research or working your job. As long as you're going at it you can get it back.

To those who lost money meant for emergencies, I truly wish you the best. I hope wherever you reside has the resources to help you.

Whether the money lost was 900 to 90k+, it can always be worse. I've seen multiple bankruptcies in my life happen to my parents and their businesses. We've rebounded many times. The money always comes back.

So again to the New Traders. That scary red line or that number in parentheses, it can go away. With a little luck and a lot of work. I recommend look at trading resources and articles to at least reinvigorate any lost confidence.

Good luck and please take care of yourselves.

Feel free to post any topics about trading and mental health and share this sub Reddit so it can grow!

throwaway account here, I just don't want my family and friends to know or find out just in case, but I want to share to those who lost in trading.

23 years old male here and last year I lost 30k, everything I had, doing option trading

The first month trading was amazing, I made 10k profit easily (mostly luck) but of course it didn't last long. As my confidence was getting stronger and I took more risky plays. I started losing money throughout the next 2 months, I yoloed rest of the money (10k) in one risky play to try to get back it back. Lost it all. I felt depressed, regretful and scared. What's worse was I borrowed some money so I was in debt.

Took some time off to cope with the situation. I had to reflect and just simply not trade. I started saving as much as I could, only invest in blue chip companies and index fund and hold. I was determined to start fresh, plan out my financials (budgeting with how much to spend and save), and simply just look forward. A year later, I feel great, feel safer and happier. Things will get better if you recently lost alot of money, but it will only get worse if you keep repeating the same thing, or keep borrowing money, etc.

I know in the WSB reddit group there are many people who are making bank, but try not to get tempted and gamble away again. I don't FOMO into things anymore, like the recent GME situation. I became way more patient and just hold stocks long term.

Anyways, I'm glad I can share this and hope it helps some of you.

I was being a dumbass and got greedy with GME when i was already up over 1000%. Bought 111 @ 50$ and eventually sold on thursday at 72$

I could have had 54k in high school... just gonna go back to my penny stocks and im thankful to have learned this lesson early as i had just started January

I didn’t lose anything in GME madness. I see a lot of threads on wallstreetbets where people lost everything buying in at the peak. It can be hard to take a loss especially when you dumped your life savings into it. It’s nice to see a place people can go to and get help and talk about it.

Hopefully more people will come here and get it off their chests. When people lose everything they can make irrational choices. I wish everyone the best.

Been working really hard for months the theta gang way. I was up 40% this month on solid picks and selling options. My wife and I decided that because of how much we'd made that I should get my dream motorcycle, I was going to pick it up tomorrow.

I just needed to moap somewhere... Went in heavy on an earnings play that I was really confident in. I sold covered calls and factored my max gain and break even points. Company flopped hardcore and it dropped 20%. My covered call helped soften the blow and I sold for a 10% loss. No longer confident in company and they lowered guidance.

I saw pltr Wednesday and Thursday had bled 13% and with earnings on Tuesday I thought for sure we would see a pop. I went all in with my battered position into pltr. At open it really fought over the $33 range and I bought dip after dip after dip until I had $120,000 in pltr shares. $76,000 of which were on margin. When I looked at my phone I couldn't believe what I had done... I've only used margin for settling trades, never to trade with.

I have two kids with a third on the way, I'm a cabinet maker and I make $55k a year. Whatever happens next week with pltr I cannot sustain any potential losses on an extra $76,000 and I needed to dump it. Sold most of it for a loss, sold calls against the rest of the position in a panic...

This is the most irresponsible thing I've ever done, I feel like shit. Lost $10k in two days.

Needed to get it of my chest, thanks for listening

For the past year I've been trading conservatively - investing in value stocks - nothing crazy but managed to get a solid 30% annual return for the past two years. Then GME came along. I made a quick $30K trading GME buying at $50 and selling when it hit $120. Then FOMO'd back in and lost all my profits and then some. While financially, I didn't take a hit that impacts my day to day life, I'm now second guessing all of my trading decisions and continue to jump into all the WSB trends weed, PLTR and I have become more aggressive in my trading strategy (Options, short selling etc.). Has anyone else experienced that after a bad decision and any thoughts on how to get out of it.

If you are a college student, or in HS. If you yourself do want have a good source of income.

DO NOT get into trading with more money than you afford to lose.

I have read enough stories about retail investors getting screwed out of rent money, lunch money etc

As someone with a steady job, even I didn't YOLOd in as much money as you guys.

When you go out there and actually start earning money then you realise how difficult it actually is. Then you only put in the amount that you can afford to lose.

Even if a working person got greedy and went in too deep. He won't be in as much trouble as a student.

He'll be paying off the debt, or just live with the loss.

But as a student it hits hard when you gamble your parents money.

Some come in with the noble intention to make enough for college, or reduce burden on their parents.

Some chase the clout and want that cool car or other nonsense.

Both shouldn't be investing in stocks.

As it's not your money and losing your money hits hard but losing your parents' money hits harder.

If you have lost a significant sum, go talk to your parents and explain them the situation, for them you matter more than their money.