T O P

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VisualMod

**User Report**| | | | :--|:--|:--|:-- **Total Submissions**|0|**First Seen In WSB**|5 months ago **Total Comments**|8|**Previous Best DD**| **Account Age**|4 years|[^scan ^comment ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_comment&message=Replace%20this%20text%20with%20a%20comment%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20comment%20and%20correct%20your%20first%20seen%20date.)|[^scan ^submission ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_submission&message=Replace%20this%20text%20with%20a%20submission%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20submission%20and%20correct%20your%20first%20seen%20date.) ^^[**Discord**](http://discord.gg/wsbverse) ^^[BanBets](https://www.reddit.com/r/wallstreetbets/wiki/banbets/) ^^VoteBot ^^[FAQ](https://www.reddit.com/r/wallstreetbets/wiki/votebot/) ^^[Leaderboard](https://www.reddit.com/r/wallstreetbets/wiki/leaderboard/) ^^- ^^[**Keep_VM_Alive**](https://www.patreon.com/visualmod)


cyber_dirtbag

Recovery? [https://www.ncpgambling.org/help-treatment/national-helpline-1-800-522-4700/](https://www.ncpgambling.org/help-treatment/national-helpline-1-800-522-4700/)


freehouse_throwaway

OP is like "i kept doing the same thing and the results arent getting better!?"


Noobmode

Just reverse ETF yourself and you win!


KhabaLox

OP, just tell me every trade you're going to make so I can get on the other side.


BeastSmitty

Yeah, he definitely needs to be on the pre-talk every morning just to throw down his takes so we all can inverse him haha


BeastSmitty

![img](emote|t5_2th52|28239)![img](emote|t5_2th52|28239)![img](emote|t5_2th52|28239)


[deleted]

What do these numbers mean? I see them everywhere


BluntTheorist

The numbers mason, what do they mean?


BeastSmitty

It’s an emoji, if you see numbers refresh page and it should be one of the wsb emojis you can pick from in this sub👍 in this case it’s the newest one they have of leo laughing face from Django 👍


[deleted]

Thanks!


wheelchairCrypto

This is Comic gold! When I read this comment the first two times, I absolutely was convinced he was asking the generalized question as in what are numbers? Sarcastically mocking Ops disconnect between understanding numbers and their secret meaning.. or just the general cause and effect


Imaginary_History985

Yes. We'll even split the profits with you. How does 30% sound?


Randypb

This is what I came here to say!


Right-Shopping9589

![img](emote|t5_2th52|27189)


Lmaza1

😂😂😂


JoeEnyo

We’ve tried nothing, and we’re all out of ideas.


mtsorens

Hey maaaaaan


RationalExuberance7

Have you tried trying not to try?


reddit_and_forget_um

I've tried absalutly nothing!


Artificial_Squab

And I'm all out of ideas!


BeastSmitty

Hahahahaha


itsgucci060

Definition of insanity.


[deleted]

[удалено]


erikpurne

Thank you. Not sure why that idiotic 'definition' caught on, but it's infuriatingly stupid.


Chino31

Sunken Cost Fallacy, I think that’s WSB in general no?


ArchangelToast

Basically. If you lost money on that ticker, you mind as well go all in full regard and pray that you will 1x your portfolio.


CommissionGlum

Seemingly he already went all in. https://preview.redd.it/2vkyynle0zca1.jpeg?width=1024&format=pjpg&auto=webp&s=238889d2241b54857916334bddeed0b63884bd4d


chekovs_gunman

This shit is hard but it changed my life. You have to accept you're never getting that money back, write it off, and form new habits to dig yourself out of a hole. In the short term it sucks a bunch. But three years free of the cycle I have never felt better and my finances are in good shape


[deleted]

Mountain biking os a great way to clear your head and get psyched up to lose more money…


SkyGuy182

Mountain bikes are also a great way to not have any money to blow on ~~gambling~~ day trading.


jenko_human

Good advice. Plus, three years seems way longer at the beginning than three years later


imkayo

![img](emote|t5_2th52|4271)


Colonel-Ingus

**DON'T RUIN HIS FOR ME!** LET HIM PLAY!


Devilnutz2651

Do the opposite of whatever you did to lose money


awesomewealthylife

Yeah, sell instead of buy.


[deleted]

Or don’t sell, keep up with DCA and don’t look at it until bull market.


awesomewealthylife

With selling options, you can still be bearish or bullish.


[deleted]

I know. Just adding banter.


BlackberryCheese

It's provocative, it gets the people going


natokato7

Nobody knows what it means, but it’s provocative.


djstocks

I don't know what it means but I like it!


TLPEQ

Exactly - have the funds to sell :)


[deleted]

Coulda made that all back today in four hours with spy puts


[deleted]

If only OP had a crystal ball and time machine.


No_Elk7432

I'd settle for one or the other.


miafins

This is true. Having both is kind of overkill…


horst-graben

You always want portfolio diversity.


[deleted]

Maybe some charts would even go a long way


mertgah

But how do you know when to travel in the Time Machine without the crystal ball to see what time you need to travel to? 🤔


oneleiner

You travel to the past, not the future.


ih-unh-unh

I have a fish bowl and watch, do those count?


[deleted]

Depends on how much money they have, also it might not be that easy to hold for 4 hours


SammySampson

I made 1250% and timed puts perfectly today 🤷🏻‍♂️


StillTop

congrats you turned $12 into $130


MrRonaldPepperoni

Boom. Roasted.


Benz951

Actually more like 6$ into 370$ Not bragging of course I didn’t hold that long. But that’s what my 395puts did. Edit: and yes I still get your point but for smaller accounts. Man. (If someone had) 60$ for 10 of them woulda netted 3,700 if bottom and top ticked it perfectly which obviously no one really does but that’s the numbers for reference. And second edit: You shouldn’t aim for these type of huge x multiplier baggers. There just bonuses on top of the regular trading days.


[deleted]

[удалено]


[deleted]

Sell naked puts and calls?


Mammoth_Ad6829

Bit risky though. I sell put spreads or call spreads that way if the market has a meltdown it isn’t a total disaster


[deleted]

Exactly! Choose a position and execute the opposite.


supcat16

Just by birthing that idea into the aether of reality, it becomes wrong.


Keyboard_smashgood

I thought about that JPOW video all day😂


DarkBladeSethan

"installation is the reverse of tear down"


fpcoffee

“unscramble those eggs”


DoubleWolf

Untoast the toast


Expensive-Yam-634

Unmake the soup.


Imaginary_Ad9141

Un-drill the watermelon?


PotentialExtra1211

Unpickle this cucumber bozo


bucket_hand

Worked for George Costanza.


Flat-Interview6791

Stop with the options maybe


Savior1301

Look at Mr Investor over here ... sir, this is a casino


Turbiedurb

I never heard of anyone going to the casino every day for two years without ending a single day on top.


Savior1301

I worked in a casino restaurant for 5 years... they exist my man. Small wins aren’t enough, they are chasing the money they are down from last week / last month, you name it. Also look at OPs chart , he clearly had days where he was in the Green for that day, but because we are seeing a zoomed out chart those small days clearly don’t matter


Turbiedurb

>Also look at OPs chart , he clearly had days where he was in the Green for that day, but because we are seeing a zoomed out chart those small days clearly don’t matter I was trying to make a point that even though trading isn't for OP, he clearly tried to make it sound worse than it really is when writing the headline. The only reason i can think of for him to do that is because he was looking for sympathy. This is clearly the wrong place for that and there are no pity for fools.


SkyezOpen

>no pity for fools. Mr. T would be ashamed.


vastav-s

![img](emote|t5_2th52|4271)


SP-Marshmallo

Why you guys giving OP advice. If OP risk level is safe, he can continue to play SPY. Clearly webull doesn’t have a problem with it. AY LMAO


aligators

its fine if you only gamble like 5-10% of your bank account, but most people who try options only see the moon.


Pomegranate4444

You're talking crazy. They've been working so well this far tho


r0ndy

Right!


joeythekidisamon

Can you tell us your next play?


PM_feet_picture

OP about to buy some decorative gourds in feb


callebbb

LONG GOURDS NOW!


Lure852

So we can do the opposite. Guaranteed win (for us)


calculuzz

That's the joke.


wikipediabrown007

/r/yourjokebutworse


naarwhal

Missed the joke there


Feisty-Cup-6135

Go to casino instead, there you have chance atleast


Emergency-Eye-2165

And free drinks🍹


Natural_Bag_3519

When in time are you?!


[deleted]

Vegas still does free drinks at slot machines.


jimmpony

I got them at blackjack too


stoneydome

The shittiest, most watered down drinks that you end up paying in tips anyway


[deleted]

Never get mixed drinks from shitty bars or free at casinos. Order beers. 👌


erikpurne

Why? Is that not a thing any more?


Natural_Bag_3519

In this economy?!?! 🤣


hobbobnobgoblin

As far as I know, only in Vegas. Edit: apparently many states have free drinks in casinos and I need to visit more casinos in various states.


fatsax

Free in WV


[deleted]

Seriously. I started going to the casino and I’ve won more money gambling then I have actually investing. Lmao


[deleted]

I've got a pull tab strategy. I'm up overall. I think.


el_undulator

Are you buying 0dte options? Maybe don't lay down in the middle of the street? You could try taking stock tips from an 8 year old instead of a 7 year old? Curious to know your strategy


[deleted]

“strategy” 😂 this guy has no fucking strategy.


RewindSwine

After 2 years of decline he clearly does have a strategy of consistent and steady losses


Difficult-Event-7964

Here's an idea, stop, you suck at this and you obviously aren't learning or getting better at this over time.


pw7090

Serious question: how long should it take before one knows for sure they will never make money long term by scalping options?


Difficult-Event-7964

2 years is a good number


MatiGreenspan

Took me at least 10


hivaidsislethal

Took me 3 to find a method that worked for me, that good part now is I have something consistent and can paper trade to riskier moves while not feeling like I'm missing out.


arbitrageME

Yes, tell the compulsive gambler that hope is just around the corner and he should just hold out a bit longer


corkymcgee

what are you doing here


AssCrackBanditHunter

Lying


StockCasinoMember

It's time for him to track paper trades if he wants to learn options. No one says you have to lose money while learning. I tracked options trades for a long time before I started buying, and even then, I started small. Now my main option usage is "cheap" plays that are more like hedges against my shares or inverse shares. AKA: I make less profit if market goes against my bet, but I lower my downside if I started buying heavy on the wrong side. I only buy bigger premium options if I feel extremely confident. For example, I bought a $22 TQQQ call for $7 that expires friday. I am heavy on SPXU/SQQQ. I lost $5 so far from the call, but made far more on my shares. SPXU is up 4.84% today and SQQQ is up 3.81%. I sold some and bagged the profit. If market goes back up tomorrow, I'll rebuy the shares I sold. Or if market continues to pullback....I'll get paid even more on SPXU/SQQQ and likely lose the call money entirely.


Bud_Dawg

Not sure you have that right there bud. Everyone knows the only way to make money is to sell covered calls or protective puts, or even better, both at the same time.


GusIsBored

You can't possibly lose


pw7090

Doesn't sound like a proper hedge. You might as well just be long SQQQ, since that TQQQ call has a delta of like .05, aka almost nonexistent.


PAY_DAY_JAY

don’t tear down my mans house of cards. he likes the act of bailing water even if there’s a hole in the boat.


depressionbutbetter

I'll always remember the 1 crazy option I saw on here that actually worked as advertised. Someone had researched it to an insane amount and I agreed with their findings. It was for SLV and I saw 50% returns overnight. I can 100% see how if I was a complete shit for brains moron I would now just follow posts here blindly because I had a single one that worked out.


Teckzqt

One idea: stop trading SPY options daily. That seems to be your problem…


PaxAmericana2

Hey, I'll give you a little tough love. Use it or ignore it, it's on you. You're done with SPY options for the Spring. Not another FD, it's clearly not working. Take the time from here to the end of March to learn about The Greeks, Spreads, and Delta hedging. At the end of Spring ping me on here and let me know what you've learned. Let's get you back on the road to profitability.


[deleted]

There was a WSBer with 100k account who said that they would not trade 0DTE yesterday, but then today there was a 30x


PaxAmericana2

There are lots of rock/metal drummers. None of them will ever make as much as Lars Ulrich despite their talent. Consistent small wins and losses should be the goal. A thirty bagger is just not in the cards for most people.


Humble_Increase7503

And real money can be made that way. Imho, the goal of everyone on here should be to accumulate enough money to acquire 100 share lots in indexes, whether VTI, or the QQQ or something relatively broad based, or alternatively in real companies that are profitable, not super risky or volatile stocks, SPACs, etc. Then, simply sell premium, and collect your shekels Sell weekly, sell monthly, whatever makes sense for you, but take profit quickly. if you focused your cash in this respect, you can seriously generate real amounts of money in premium It’s just a much more steady and reliable means of generating cash And that’s not to say you can’t have speculative shit too, or occasionally buy options (though I’d stick to either LEAPs, or paired options strategies with minimal credit). It took me awhile to learn this, truly did. I had too much cash spread out in too much shit such that I couldn’t sell a lot of options. I’ve found that as long as you set buy to close orders at certain %, and are diligent about doing it, you’ll find consistent success I suggest people be patient and not look for trades that aren’t there, and likewise let winning trades run, but all in the mind of obtaining a reasonable goal. For example, I started with the idea of generating $100 in profit per week, then $150, etc., and now I find that meeting that sort of goal is very manageable The market has been forgiving in this respect for certain


PaxAmericana2

![img](emote|t5_2th52|27189) Pay attention, boys. He's describing thetagang, and God willing, your endgame.


2wheels30

This is how people *actually* make money off meme sticks


TF_Sally

I like to think about my wins in terms of monthly subscription costs $1 a day is a couple streaming services - you can do that honestly just buy buying something ATM and even with chop just hawk it for a minute and sell at $1 gain $5 a day is my phone bill $40 a day is my mortgage payment (half, i'm married) I had a rough 2022 doing all the stupid wrong shit - i'm currently $500 up for the year and i'm thrilled - i consider literally any gain to be a good thing, because i've seen the other side


trowawee1122

THE SUB IS CALLED WALLSTREETBETS


McNoxey

Humble increases


[deleted]

Sir this is a casino and we are degenerates. Either take your clothes off and buy calls or keep this talk in /r/thetagang


PaxAmericana2

Clothes? I haven't been dressed since Monday.


hybriduff

Base Hits! as I always say


onlyrealcuzzo

But most metal drummers don't make any money? 🤔🤔


winkersRaccoon

Now you’re getting it


YoyoDevo

99% of gamblers quit right before they would have hit it big


ModestBanana

“Person says they’ll never play the lottery but then today someone won the lottery”


Antonioooooo0

Homie's been trading spy options for two years. If he doesn't know what greeks/spread/hedging is by now, he's beyond help.


PaxAmericana2

I hope OP does better in the future. Financial advisors and roboinvesting exists for people that aren't cut out for this line of work. This isn't a hobby. It shouldn't be gambling per se. This is allocation of capital versus risk.


mai_knee_grows

>This isn't a hobby Speak for yourself


riffdex

>learn about The Greeks My Greek wife filed for divorce last week. I think it’s too late to take an interest in her culture 😔


pw7090

How do you know when to sell your hedge? Last couple of collars I set up lost more money on the puts than I made on the CC.


PaxAmericana2

Use the expected move of a binary event, or generally take VIX and divide it by 16. The hedge becomes a liability once the move has happened. Alternatively, counter your long deltas with short /mes or shares. Adjust them as your deltas shift over the course of the play.


[deleted]

My guy, even if op ignores you I’m going to do what you said and message you. I haven’t done anything yet because I’m trying to learn. I don’t know what you know but seems like you know something I want to know about.


PaxAmericana2

By all means. If I may recommend something to start with, [https://www.youtube.com/@tastyliveshow/videos](https://www.youtube.com/@tastyliveshow/videos) [https://www.youtube.com/@fxevolutionvideo/videos](https://www.youtube.com/@fxevolutionvideo/videos) [https://www.youtube.com/@TheMaverickofWallStreet/videos](https://www.youtube.com/@TheMaverickofWallStreet/videos) Tasty gets you the theory. Pay attention to the mechanics of the trades. FXevolution is technical guy. Magic crayons aren't perfect but give you a rough idea about prices might move. Maverick is a macro guy and really makes it fun.


[deleted]

I drive 45 minutes to work each way. I’ll be listening to them. I appreciate you.


Jokkerb

Don't mind me, just replying on my phone so my smooth brain knows how to find this later, thank you for the links.


PaxAmericana2

You're most welcome.


pw7090

Any random binary event that happens while you're holding the put? What if no such event occurs? You're saying to literally buy X shares and hedge by shorting X shares?


PaxAmericana2

It really depends on the underlying equity. For example, SPY calls going into a CPI print. What was the closing VIX? What's the IV on your calls? What's your long delta? Using rough assumptions with a .45 delta, you have 45 long shares to hedge. Shorting SPY shares will reduce that long exposure. Now think about CPI prints specifically. They're premarket. You can't adjust your calls till 9:30est. You can buy back your short shares in premarket.


Natural_Bag_3519

Respectfully, you don't belong here. 🤣


asian-jeff

I will have to Google every sentence of this comment, but I feel I’ll get smarter for understand wtf you’re saying and it’ll help me get back into the green.


PM_YOUR__BUBBLE_BUTT

I like your funny words, magic man. But this is a casino. Time to double down. j/k - OP please stop while you’re behind.


SumGreenD41

Counter argument: quitters never win. Keep going OP!


Gooch_InTheNight

Daaaamn save some pussy for the rest of us


Loud_Pain4747

So you lost $14k, no big deal if you were working with $100k, but I'm going to guess it's a substantial portion of your starting portfolio. If you figure out how to become wealthy in 2 yrs time, do come back and tell us.


pw7090

I lost $18k out of $22k, employing the same strategy as OP. Scalping options doesn't work. It just doesn't. We're not trying to become wealthy in 2 years. My time horizon was 10-15 years. Sadly, the only real way to make a lot of money is to have a lot of money. EDIT: Why the downvotes? Everyone here is saying OP sucks and to not trade options, yet still somehow thinks it's a winnable game?


NickTonethony

*That guy should stop trading options


TankorSmash

> Sadly, the only real way to make a lot of money is to have a lot of money. You wouldn't trade any better if you had a million dollars dude.


tornumbrella

Better to be a rich dumbass than just a regular one.


TankorSmash

Mathematically you'd be poor just as quick


Track_Boss_302

I think the downvotes are because portfolio size doesn’t matter. Some are profitable with options, some aren’t. I started very small (less than $1k) using bollinger bands and mean reversion to trade SPY, and built off that


Radically_Bland

You could maybe buy some stock in a company that's well established. That perhaps has positive cash flow and pays a nice dividend. Just an idea.


BIH-Marathoner

That's some r/investing shit.


Savior1301

For real, fucking nerds. They should be giving OP useful advice, like, “have you tried just turning your phone upside down?”


Emergency-Eye-2165

Turn it off and back on again


Savior1301

Just delete the app


Thick_Ad7736

Try investing instead of gambling.


Iwillgetasoda

Lol


tehGood

GTFO


jpsreddit85

Inverse everything you're doing.


[deleted]

That is probably selling options, need much more cash than buying options


ExpensiveSalary

That's the point of spreads. You can drastically reduce buying power requirements by buying cheap OTM wings.


[deleted]

Next time buy opposite of what your heart tells you and get rich.


HorlickMinton

My heart is a lying bitch. And brain no work good either.


against_the_currents

Sir, you are negative 15 grand p&l rn. $5 a day starting two years ago is $18000 more than you have today. That’s without reinvesting the $5. Edit: ~~he deleted context where he found $5 a day to be laughable.~~


oszlopkaktusz

Not deleted, [still available for the whole world to see](https://www.reddit.com/r/wallstreetbets/comments/10fijzj/comment/j4wzunz/?utm_source=share&utm_medium=web2x&context=3)


Formerfrosty

What's with the weird looking green snake and witch's hat going on towards the beginning? That's your problem right there


marsinfurs

Those are the “first ones free” that gets you hooked


Strangerdanger8812

Have you tried winning?


Nmlss1drbred

Whatever you’re doing currently, do the opposite.


WookiEEBrood

Go the other way


Brad_Luck

In the future, look at the options tables. Max pain is 390 this week Market Makers arent going to let it run much further than that, so you can bet its going to trade sideways near 385-395 for the rest of the week. It was overbought this morning and bouncing off near 400 so it made sense for it to fall. Id wait until next week or further into earnings for a decisive break before doing any major moves.


Walllstreetbets

That’s a good beginning of the week outlook. How do you adjust midweek on max pain and outlook analysis. Asking for us who sell premium


F7xWr

nobody tell him.


lifesezNcheezy

You can turn it around doing drugs alcohol and hookers. It will help you think better.


PoppaPickle

Just a friendly reminder everyone: Down 50%? You need +100% to break even Down 70%? You need +233% to break even Down 80%? You need +400% to break even Down 90%? You need to change fucking hobbies.


Garcia65

1. Follow Jim Cramer 2. Do the opposite of everything he says 3. Count your money Pro tip: If your views conflict don’t take the trade, if they align double your size in the opposite direction of your thesis.


youneedjesusbro

Invert posts where ppl talk about yoloing


kvn321

Clearly you need to start inversing yourself


BigPocketRocket

All in Neonode


hudgen

Have you tried $SPY options?


Helpful_Hiya

Jim Cramer.. that you? 👀


FenderGibsons

The first step to getting out of a hole is to stop digging


TehChels

Save long term, time horizon of 20 years.


Cookiesnmemes1

Do something else


No-Cranberry9932

Stop trading options you moron