A dumbass on WSB lost money? Must be a day that ends in 'y.' But seriously, this one's extra funny because he has a number of posts documenting the crash, and it all happened in less than one day.
It all starts with this post from yesterday where he reveals that he owns over $500k in AMD stonks, and flexes on his earnings whereon of... *drumroll*... $300.
So, even though this guy's profits are hanging on a knife-edge, it's clear that he's got volume - he 'aint no minnow.
He goes on to explain the strategy that got him his 0.06% winnings:
Calm, careful, calculated. Clearly, there's a reason this guy's the whale that eats chumps like us for breakfast. You might not be savvy enough to understand the jargon here, but here's the key takeaway for you peons: Don't buy options! - you're a fricking idiot if you do. Just remember that and you'll be fine, you might even catch some of his slipstream on his way to the moon.
He's not in smooth waters, though. He made this post - and likely the purchase not long before - just in advance of AMD's quaterly earning's report (ER). This is always risky because the sudden influx of financial information can cause the stock price to move quickly and unpredictably. In just a few hours the stock proceeded to... immeditately fricking tank:
<image> <- link to an image of the stock dropping like a stillborn baby
Yeah it literally tanked right after. I'm also reading that they tanked 20% on the ER before this when they were at a much cheaper valuation. This could blow up in my face. I'm setting a stop loss so it doesn't get too ugly.
No matter though, they call the valient WSB apes diamond hands for nothing. 20% loss? No sweat off my balls! The market proceeded to close less than an hour later, and our ape no doubt treated himself to a relaxing evening of netflix and pornography (it's good for you, goy!)
We proceed to the next day. The market opens and the impact of the ER has completely materialized. But where a fool sees tragedy, our savvy ape sees an opportunity.
Yeah, he got 80k worth of options. What? Are you a fricking idiot or something? Of course that's a good idea. $1.4k in profits doesn't lie, paperhands.
So he drops another 100k on options. Because it's morning, and he's doesn't do coffee. (Broke boys wouldn't understand!)
So it's let's fast-forward to lunchtime, and let's see how his moves are doing:
Please if it just bounces back I will delete Robinhood and quit gambling forever
Alright, he's feeling the heat - wouldn't you? It's okay though, because he's got nerves of steel, he's not a popsicle like you. Time for the backup plan:
I just doubled down again at 109.60
I just sold it to buy more AMD
I am either going to be destroyed or come out of this forever changed. I swear this is the time I will finally kick gambling. I'm done with this. I need this wake up call to kill my euphoria. But I swear to god I am done after this. I will finally stop
At this point, you might think that this guy is panicking and started to stray from his core philosophy. You'd be wrong:
He's hasn't lost hope either:
No. A huge rebound is nearly guaranteed to occur. My conviction will never yield on this. 109.6 was the bottom, mark my words
His next move was to YOLO on shopify stock calls instead. Diversify, baby!
You might also be wondering how this guy got this much money in the first place. Let's just say he knows some people:
I will once I make back the money. I cannot afford to lose what I lost, I won't go into too much detail but much of my starting capital isn't mine. I had to use credit card debt for this one. Here I will make it all back then I can calm down and retire from gambling. Yes this is a symptom of gambling. I know I should stop now before it gets worse, but I can't stop.
Those people being his credit card companies . Yeah, he's legitimately circling the drain now. Hopefully $SHOP stays aloft though. I mean, how many bad things can happen in one day, right?
* Fast-forwarding to 3 hours later *
WHAT THE FRICK IS THIS PRICE MOVEMENT. IVE LOST $375k SHOPIFY RUINED MY LIFE
IM SWEATING AND CRYING I JUST FRICKED UP MY WHOLE LIFE.
Guys this is fricking credit card debt. I don't know what to to. I'm so fricked. SHOP ROCKETED UP 6% THEN JUST CRASHED. PLEASE GOD HELP ME MY LIFE IS RUINED.
I AM SO FRICKED I CANT LOSE THIS MONEY FRICKING IV CRUSH WILL KILL ME. IM DONE WITH THIS SUB YOURE NOT GETTING ANY LOSE PORN BECAUSE IM GOING TO DO SOMETHING CRAZY TONIGHT. I WONT BE AROUND TO POST ON REDDIT. FRICK MY LIFE IS OVER.
MY GOD PLEASE HAVE MERCY ON ME. GUYS I PUT MY PHONE DOWN TO CHUG A BOTTLE. I'm so drunk I'm going to smash my phone and go run outside naked. Frick it frick it I'm going naked outside and lighting a bond fire with all my possessions. Hopefully MY HOUSE gets burnt down too so I can collect the insurance money to YOLO one last time. I AM HAVIJG A MENTAL BREAKDOWN
Frick guys please I m going to max out my credit cards fully now I'm going to declare bankruptcy after. Who wants my stuff before I light it on fire IVE ALREADY LIT OVER 375k on fire. FRICK ME ITS OVER EVERYONE I THOUGHT IT COULD MAKE IT BACK. IMTS HARD TO TYOE BECAUSE TEARS AR ON MY PHONESCREAM. I'm done with this shit. BYE MOTHERLOVERS
Yep, shopify cratered too. Whoops.
In the comments his fellow apes are trying to help out by giving him sound advice, but he refuses to listen:
also i hear a kidney is going for 200k on the black market and you only need one to live
Have you considered a second mortgage on a home? Earnings season not over yet.
You will still probably have 150k OP, it's OK. Go for another YOLO to make it back
This is the way
It sounds like you are in a very difficult situation. I feel bad for you, but there is nothing I can do to help you. You should probably seek professional help if you are feeling this way. <- this one was made by an AI rigged up to Chat-GPT
The last we hear from him is a concise salutary remark in the daily What Are Your Moves thread:
There's been no word of him since, but my sources are telling me that's he's since made a small investment in Smith & Wesson.
It's always funny to watch idiots live out 2000 year old parables and learn the lesson the hard way 'cause they were too lazy to read the bible. This one really needs a qualifier though: There's no such thing as a free lunch - for him. Reading this post cost you a whopping $0.00.
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I just lost 6k dc and 2600 marseybux in the casino so I know exactly how this guy feels
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