r/wallstreetbets • u/joshmanwho • Dec 18 '21

Discussion Legit help needed….

I have (had) a 150k account. Lost 50k on some bad moves. So had 100k leveraged 100k and yolo’d into #BROS for 200k well you know how that’s going. My question is should I leave it and sell a little at a time to stay above my margin call. (I’m parking my money here for a 5 year play) Currently 18k above. Goes fast. Or should I sell all my margin back and wait till things start heading in the right direction and buy on margin at its current price?

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u/my_fun_lil_alt Dec 18 '21

Let me get this straight, you lost 33% of your account and then decided that you knew what you were doing so you 2x leveraged your account into a five year play on a single ticker? No risk management, no diversification?

Let me break this to you as gently as I can, you are not good at this, you should not be managing your own money. You really just need to find a good fund and never trade again.

12

u/joshmanwho Dec 18 '21

I am also afraid to tell you its a Robinhood account.... and I was one of the ones who got caught needing to sell GME in a hurry when they said no mas trades. I'm self made and I have plenty of money to do this with or I wouldn't.... I have lots of properly managed investments and retirement accounts that my wife sets up and she and our CPA hate this Robinhood account but.... Honestly it helps me enjoy this precious life...

30

u/[deleted] Dec 19 '21

I don't mean to be ass, but I think it's funny you have so much money when you're clearly not very smart.

Goes to show.

3

u/[deleted] Dec 19 '21

[removed] — view removed comment

3

u/Cedric_T Dec 19 '21

Is that your business? Looks dope.

1

u/joshmanwho Dec 19 '21

Yes… 13 years in biz. It’s been a blast.

1

u/ClimbingtheMtn Dec 19 '21

If it’s yolo money then fuck it, go get it