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Quick Navigation Bottom Misc
Forum » Guy loses 1.5 Million in the stock market
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Thread: Guy loses 1.5 Million in the stock market

post 1568482841 12-12-2018, 03:09 PM
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#31
  1. lsiberian
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Originally Posted By Jms89⏩
Well he could take his 9 grand and buy 3 trailers like ashin...slum lording has to pay something.

If you play stocks like the casino, things arent going to end well. Should have taken his profit and threw it into a safe S&P account and lived off the dividends. Chit just the interest that kind of money throws off could easily provide you with a 80k a year salary (conservatively).
If you want to be aggressive just buy AANG. Apple, Amazon, Netflix, Google aren't going anywhere. They basically own the internet and all our phones.
post 1568482851 12-12-2018, 03:09 PM
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#32
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Bet it all and there's a chance to lose it all. Life lesson is all it is.
post 1568483021 12-12-2018, 03:11 PM
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#33
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Originally Posted By keyboardworkout⏩
Ouch!

MAGA One day at a time.
post 1568483371 12-12-2018, 03:14 PM
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#34
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Originally Posted By EEBreh⏩
When you short a stock you sell an equity for the current price thinking the stock is going to fall and then you buy it back. Sometimes the price can go higher and you run out of margin and have to buy it back for that higher price. In this case stitchfix went from the 30s to the 50s, he ran out of margin and had to buy back the stock. Right now its in the 20s.

A call is an options contract to buy 100 shares at a certain price. If i sell a contract to buy a stock at 50.00 and the price of the stock goes to $55, that contract is worth 100 (number of shares) * $5. If it didnt hit $50 by that timeframe it would expire worthless and you could pocket the money of that contract you sold. In this case, tilray increased in hundreds of dollars/share over a few days.

There is a lot more to it and someone else can probably explain options better (calls/puts). I’m just an EE that invests on the side. I can try and give a better explanation if you want.
That was actually pretty good. repped.
Chaos and apocalypse on us all
Let them burn to dust.

*Mirin your daughters and their daughters teddies crew*
*Scummy crew
post 1568483571 12-12-2018, 03:17 PM
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#35
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Originally Posted By northernlights7⏩
Of all the people to "feel sorry for", this is what rustles your jimmies, OP? You don't get out much, do ya sport?
i don't want to laugh at his misfortune and then get totally phucked with my investments. could have phrased my words a bit better, good point.
post 1568483601 12-12-2018, 03:17 PM
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#36
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crypto miscer?
<HTC>
post 1568483741 12-12-2018, 03:18 PM
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#37
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damp it.
per ardua ad astra
post 1568484751 12-12-2018, 03:29 PM
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#38
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Always. Leave. Yourself. Outs.

post 1568485441 12-12-2018, 03:38 PM
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#39
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Originally Posted By Appoloin⏩
damp it.
He sold?

Pamp it
"I'd rather be judged by 12 than be out my watch and wallet"
post 1568485541 12-12-2018, 03:39 PM
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#40
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Originally Posted By lsiberian⏩
If you want to be aggressive just buy AANG. Apple, Amazon, Netflix, Google aren't going anywhere. They basically own the internet and all our phones.
not a fan of netflix future.
post 1568485591 12-12-2018, 03:40 PM
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#41
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....yikes.....thats "jump off of a skyscraper"/Great Depression (adjusted for inflation) level losses.
post 1568486171 12-12-2018, 03:45 PM
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#42
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All he needed to do was buy a short term at the money call protection for his short
post 1568486491 12-12-2018, 03:49 PM
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#43
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He should have invested in bitcoin
post 1568488511 12-12-2018, 04:19 PM
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#44
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Ayyyyy just another day in wsb.
post 1568489011 12-12-2018, 04:26 PM
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#45
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People lose millions on the stock market every day, b.
post 1568489131 12-12-2018, 04:27 PM
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#46
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Originally Posted By EEBreh⏩
This guy went from a peak around 1.5 million to something like 7,000. He sold naked weekly tilray calls and shorted stitchfix in the mid 30s and got margin called. Hopefully he will get his chit together and make some of it back, hate to see people lose their savings.
If you lose half your money, you have to double your new balance just to get back to square one.

So he's faced losses of 99.5%.

In order to come back from that, he needs gains of over 20,000%.

He's not coming back from that. This is what people mean when they talk about capital preservation strategies.
Nah, fukk that. I’m not doing that.
post 1568489841 12-12-2018, 04:40 PM
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#47
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Originally Posted By Nastradoomus⏩
i lost 10k in bitcoin couple days ago. now im down to 500 dollars. sucks but what can ya do?
you fool! quote me in 3 years when btc is roaring again
post 1636443483 04-17-2021, 03:34 PM
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#48
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Originally Posted By sandaltan⏩
you fool! quote me in 3 years when btc is roaring again
You were right on
Pissening
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