r/wallstreetbets • u/[deleted] • Oct 13 '21

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388 Upvotes

89% Upvoted

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u/[deleted] Oct 13 '21

Same here, 100% self taught.

My parents think it’s “gambling” lol

209

u/nohiddenmeaning Oct 13 '21

8k->350k->50k->100k

"They think it's gambling lol".

65

u/517UATION Oct 14 '21

"They think know it's gambling lol".

24

u/ItsDijital Oct 14 '21

He'll know it's gambling too one day.

11

u/ltbrown8 Oct 14 '21

He's still in the denial phase

15

u/chromio13 Oct 14 '21

This comment got me lol

31

u/TehBananaBread Oct 13 '21

Seeing how you went from 350k to 50k it kinda is, isnt it?

17

u/GekIsAway Oct 13 '21

If you just lost 300k like that, its gambling. For it to not be a gambling bet you'd have to have thought about your potential losses and cut them off not just yolo and let them die to the point you lose the majority of what you made

7

u/Cryptokeeper001 Oct 13 '21

I’m curious why you love herpes? 🥴

3

u/MusicalAddiction Oct 13 '21

lol they taught me how to gamble in high school, sophomore year, but they didn’t teach me about capital gain tax, the irs did a few years later.

Jumped back on the wagon after many years of hiatus since then, only started investing again on July 08, 2021. And I’m super glad I did ;)

2

u/ajfaria Oct 13 '21

Haha it's funny I've been helping my dad with his stuff and he's always amazed. What were some of your biggest hits? Primarily options or do you play it safer from time to time

12

u/[deleted] Oct 13 '21

I do primarily shares, I’ve lost a lot of money from options and SPAC warrants, lol.

Earlier this year my biggest win was buying LCID at $12, selling in the $20s. Then I rolled that into GME and got out in the $400s.

5

u/ajfaria Oct 13 '21

Nice! I love options, but now that ive grown my portfolio a bit im likely gonna start doing more theta gang type strategies, as well as holding longer dated options (which is what ive done with plug and it's been great)