Trader turns 30k into 214k, then wipes out over 200k in one missed trade

via WSB:

CDN media

Like many of you, I was playing the volatility on 🥭’s war bullshit. Managed to make over 200k from trading 0DTE options. Was intended to withdraw it all that day, but decided to place one more trade before a work meeting.

Work meeting went on longer than I anticipated, I even forgot that I had placed the trade. When i opened Robinhood, I was down over 120k. My heart sank. I should’ve stopped there, I don’t know why I didn’t. I just sat there waiting for a reversal that never came. Only have about 5k to my name right now, except my retirement fund.

I’ve woken up in a cold sweat, I can’t believe it’s all gone. I’ll be okay, you play stupid games, you win stupid prizes. I’m going to take it all as a learning lesson, get some therapy, and try to get my shit together.

Seriously, be sure to lock in your gains, because I didn’t. The numbers didn’t feel real, I don’t even know how to explain it. I wasn’t disciplined enough to calm down, and think about things rationally.

I’ll use this as motivation to understand the value of a dollar again, and figure out how to recover. I’ll see you all in therapy boys!

Edit: My total losses to date are 75k. I had turned 30k into 214k.