Current Events > I Lost $400,000, Almost Everything I Had, on a Single Robinhood Bet

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Lebronwon 12/08/21 9:28:42 PM #1:	https://www.vice.com/en/article/bvnn3a/i-lost-dollar400000-almost-everything-i-had-on-a-single-robinhood-bet tl:dr: The author lost everything on Alibaba call options --- Not 1, not 2, not 3, not 4, not 5, not 6, not 7 <cite>Lebronwon posted [p:960744254] in I Lost $40... [t:79801604]...</cite> <quote>https://www.vice.com/en/article/bvnn3a/i-lost-dollar400000-almost-everything-i-had-on-a-single-robinhood-bet tl:dr: The author lost everything on Alibaba call options </quote> ... Copied to Clipboard!
Ysmir 12/08/21 9:29:25 PM #2:	Play stupid games... --- The artist formerly known as the artist formerly known as the artist formerly known as the artist formerly known as the artist formerly known as RebelElite791. <cite>Ysmir posted [p:960744278] in I Lost $40... [t:79801604]...</cite> <quote>Play stupid games... </quote> ... Copied to Clipboard!
Tyranthraxus 12/08/21 9:29:33 PM #3:	His fault for not selling them before they became worthless. --- It says right here in Matthew 16:4 "Jesus doth not need a giant Mecha." https://imgur.com/dQgC4kv <cite>Tyranthraxus posted [p:960744281] in I Lost $40... [t:79801604]...</cite> <quote>His fault for not selling them before they became worthless. </quote> ... Copied to Clipboard!
nfearurspecimn 12/08/21 9:30:14 PM #4:	tl;dr guess is guy is a moron --- Wake up. You have to wake up. currently a preta/hungry ghost Dai Grepher: I was wrong. My entire theory is incorrect. Zero Mission IS a remake of Metroid. <cite>nfearurspecimn posted [p:960744302] in I Lost $40... [t:79801604]...</cite> <quote>tl;dr guess is guy is a moron </quote> ... Copied to Clipboard!
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dj1200 12/08/21 9:32:25 PM #6:	I dont believe this topic. --- "It was so ridiculous and I have so many feelings about it." -Virtual Energies <cite>dj1200 posted [p:960744347] in I Lost $40... [t:79801604]...</cite> <quote>I dont believe this topic. </quote> ... Copied to Clipboard!
Turbam 12/08/21 9:35:08 PM #7:	He should have just --- ~snip (V)_(;,;)_(V) snip~ I'm just one man! Whoa! Well, I'm a one man band! https://imgur.com/p9Xvjvs <cite>Turbam posted [p:960744419] in I Lost $40... [t:79801604]...</cite> <quote>He should have just </quote> ... Copied to Clipboard!
metralo 12/08/21 9:35:53 PM #8:	good lol idiot --- https://pbs.twimg.com/profile_images/1298321979/image.jpg bustin makes me feel good <cite>metralo posted [p:960744442] in I Lost $40... [t:79801604]...</cite> <quote>good lol idiot </quote> ... Copied to Clipboard!
CommonStar 12/08/21 9:36:17 PM #9:	The idiot was putting all in his money in playing options with one company. No wonder he lost everything. <cite>CommonStar posted [p:960744451] in I Lost $40... [t:79801604]...</cite> <quote>The idiot was putting all in his money in playing options with one company. No wonder he lost everything. </quote> ... Copied to Clipboard!
CE_gonna_CE 12/08/21 9:36:36 PM #10:	--- https://gamefaqs.gamespot.com/boards/1531-food-delivery-services-general <cite>CE_gonna_CE posted [p:960744463] in I Lost $40... [t:79801604]...</cite> <quote> </quote> ... Copied to Clipboard!
Lebronwon 12/08/21 9:37:01 PM #11:	dj1200 posted... I dont believe this topic. Article doesnt mention if its a reddit user but It happens all the time on a sub named r/WallStreetBets This video covered some classic bad trades https://www.youtube.com/watch?v=1UY0uS6Z6oE --- Not 1, not 2, not 3, not 4, not 5, not 6, not 7 <cite>Lebronwon posted [p:960744476] in I Lost $40... [t:79801604]...</cite> <quote>dj1200 posted... </cite> <quote>I dont believe this topic.</quote> Article doesnt mention if its a reddit user but It happens all the time on a sub named r/WallStreetBets This video covered some classic bad trades https://www.youtube.com/watch?v=1UY0uS6Z6oE </quote> ... Copied to Clipboard!
Spiderman23JII 12/08/21 9:37:44 PM #12:	suicide is your only option --- buss on life <cite>Spiderman23JII posted [p:960744499] in I Lost $40... [t:79801604]...</cite> <quote>suicide is your only option </quote> ... Copied to Clipboard!
Lost_All_Senses 12/08/21 9:38:06 PM #13:	Anyone who bets it all will eventually lose it all. That's definitely a gambling addiction. No sensible person puts their entire livelihood on one bet --- Name checks out "I don't wanna be the toughest, I just keep it 100 and think nothin of it"- Black Thought <cite>Lost_All_Senses posted [p:960744508] in I Lost $40... [t:79801604]...</cite> <quote>Anyone who bets it all will eventually lose it all. That's definitely a gambling addiction. No sensible person puts their entire livelihood on one bet </quote> ... Copied to Clipboard!
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Jiek_Fafn 12/08/21 9:39:31 PM #15:	Diamond hands --- I don't believe in belts. There should be no ranking system for toughness. <cite>Jiek_Fafn posted [p:960744552] in I Lost $40... [t:79801604]...</cite> <quote>Diamond hands </quote> ... Copied to Clipboard!
VigorouslySwish 12/08/21 9:40:57 PM #17:	you dont put it all on red you need to spread it --- i'm just some guy yellin' about apple sauce <cite>VigorouslySwish posted [p:960744585] in I Lost $40... [t:79801604]...</cite> <quote>you dont put it all on red you need to spread it </quote> ... Copied to Clipboard!
Flockaveli 12/08/21 9:41:44 PM #18:	You only lose when you sell. --- The Handsomest Man in O-Town. <cite>Flockaveli posted [p:960744609] in I Lost $40... [t:79801604]...</cite> <quote>You only lose when you sell. </quote> ... Copied to Clipboard!
BlameAnesthesia 12/08/21 9:42:32 PM #19:	Classic /r/wallstreetbets move. A move like that is either lambos or foodstamps. Lost_All_Senses posted... Anyone who bets it all will eventually lose it all. That's definitely a gambling addiction. No sensible person puts their entire livelihood on one bet Definitely exacerbated by communities like WSBs. Someone sees a guy put 50k in long call options for GME and can retire as a multimillionaire. But most end up losing it like this. --- PGY-3. Anesthesiology. <cite>BlameAnesthesia posted [p:960744626] in I Lost $40... [t:79801604]...</cite> <quote>Classic /r/wallstreetbets move. A move like that is either lambos or foodstamps. Lost_All_Senses posted... </cite> <quote>Anyone who bets it all will eventually lose it all. That's definitely a gambling addiction. No sensible person puts their entire livelihood on one bet</quote> Definitely exacerbated by communities like WSBs. Someone sees a guy put 50k in long call options for GME and can retire as a multimillionaire. But most end up losing it like this. </quote> ... Copied to Clipboard!
BlameAnesthesia 12/08/21 9:42:54 PM #20:	Flockaveli posted... You only lose when you sell. Uhh it was a call option so you definitely lose it all when it expires worthless lol. --- PGY-3. Anesthesiology. <cite>BlameAnesthesia posted [p:960744641] in I Lost $40... [t:79801604]...</cite> <quote>Flockaveli posted... </cite> <quote>You only lose when you sell.</quote> Uhh it was a call option so you definitely lose it all when it expires worthless lol. </quote> ... Copied to Clipboard!
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CE_gonna_CE 12/08/21 9:49:51 PM #22:	Revnir posted... I bought stuff online from Alibaba in the past and everything was a waste of money. Even the clothes they sell are counterfeits. They steal design from legitimate manufacturers and just sell you bad copies with the patterns printed on the fabric instead of stitched on like in the original. They are thieves. The only reason that company is even allowed to exist is because they're protected by the chinese government. Why would you buy shares in that kind of business? I did back in 2018 when I was just starting to fuck around in the market and didnt know any better. Glad I sold out of that and got the hell out. --- https://gamefaqs.gamespot.com/boards/1531-food-delivery-services-general <cite>CE_gonna_CE posted [p:960744812] in I Lost $40... [t:79801604]...</cite> <quote>Revnir posted... </cite> <quote>I bought stuff online from Alibaba in the past and everything was a waste of money. Even the clothes they sell are counterfeits. They steal design from legitimate manufacturers and just sell you bad copies with the patterns printed on the fabric instead of stitched on like in the original. They are thieves. The only reason that company is even allowed to exist is because they're protected by the chinese government. Why would you buy shares in that kind of business?</quote> I did back in 2018 when I was just starting to fuck around in the market and didnt know any better. Glad I sold out of that and got the hell out. </quote> ... Copied to Clipboard!
Questionmarktarius 12/08/21 9:51:08 PM #23:	If it's at $0, can I buy infinite of it? <cite>Questionmarktarius posted [p:960744844] in I Lost $40... [t:79801604]...</cite> <quote>If it's at $0, can I buy infinite of it? </quote> ... Copied to Clipboard!
BlameAnesthesia 12/08/21 9:53:20 PM #24:	Questionmarktarius posted... If it's at $0, can I buy infinite of it? It's not a stock, it's a call option, which is literally a bet that the stock will be a certain price at a certain date, with an expiration date. If it goes beyond that date and doesn't pass the strike price, it expires literally worthless. There is nothing to buy because it is nothing. --- PGY-3. Anesthesiology. <cite>BlameAnesthesia posted [p:960744893] in I Lost $40... [t:79801604]...</cite> <quote>Questionmarktarius posted... </cite> <quote>If it's at $0, can I buy infinite of it?</quote> It's not a stock, it's a call option, which is literally a bet that the stock will be a certain price at a certain date, with an expiration date. If it goes beyond that date and doesn't pass the strike price, it expires literally worthless. There is nothing to buy because it is nothing. </quote> ... Copied to Clipboard!
Questionmarktarius 12/08/21 10:08:29 PM #25:	BlameAnesthesia posted... It's not a stock, it's a call option What kind of loon puts an entire life's savings into a call option? <cite>Questionmarktarius posted [p:960745261] in I Lost $40... [t:79801604]...</cite> <quote>BlameAnesthesia posted... </cite> <quote>It's not a stock, it's a call option</quote>What kind of loon puts an entire life's savings into a call option? </quote> ... Copied to Clipboard!
BlameAnesthesia 12/08/21 10:36:17 PM #26:	Questionmarktarius posted... What kind of loon puts an entire life's savings into a call option? The kind of person that thinks their 400k will turn to 5 million and they retire over the weekend. I mean as ridiculous as it sounds, there is a non-zero number of people who YOLO'd and got life-changing money in no time at all. The risks of draining your entire life savings are huge, which is why sensible people don't do that. But the prospect of using that to become financially independent once and for all in one move and never have to work again is appealing enough I guess. --- PGY-3. Anesthesiology. <cite>BlameAnesthesia posted [p:960745971] in I Lost $40... [t:79801604]...</cite> <quote>Questionmarktarius posted... </cite> <quote>What kind of loon puts an entire life's savings into a call option?</quote> The kind of person that thinks their 400k will turn to 5 million and they retire over the weekend. I mean as ridiculous as it sounds, there is a non-zero number of people who YOLO'd and got life-changing money in no time at all. The risks of draining your entire life savings are huge, which is why sensible people don't do that. But the prospect of using that to become financially independent once and for all in one move and never have to work again is appealing enough I guess. </quote> ... Copied to Clipboard!
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indica 12/08/21 11:20:22 PM #28:	yeah, I like Vice but the story seems a little off. Like, even with all the saving he was doing, he had 400k at 26 making 40-50k? Idk... --- There is no good. There is no evil. There just is. <cite>indica posted [p:960746944] in I Lost $40... [t:79801604]...</cite> <quote>yeah, I like Vice but the story seems a little off. Like, even with all the saving he was doing, he had 400k at 26 making 40-50k? Idk... </quote> ... Copied to Clipboard!
Solid Snake07 12/08/21 11:24:03 PM #29:	I'm an alibaba bag holder. But no chance on hell I'd have bought a bunch of short term call options. What an idiot. --- "People incapable of guilt usually do have a good time" -Detective Rust Cohle <cite>Solid Snake07 posted [p:960747032] in I Lost $40... [t:79801604]...</cite> <quote>I'm an alibaba bag holder. But no chance on hell I'd have bought a bunch of short term call options. What an idiot. </quote> ... Copied to Clipboard!
Tyranthraxus 12/08/21 11:24:14 PM #30:	Questionmarktarius posted... If it's at $0, can I buy infinite of it? BlameAnesthesia posted... It's not a stock, it's a call option, which is literally a bet that the stock will be a certain price at a certain date, with an expiration date. If it goes beyond that date and doesn't pass the strike price, it expires literally worthless. There is nothing to buy because it is nothing. But to actually answer the question it's not actually $0 but the ask is 0.01 or $1 per option and you can buy as many as you want but they're worth zero so you're literally better off just shoving the money up your ass since you'll at least get a nice prostate massage. --- It says right here in Matthew 16:4 "Jesus doth not need a giant Mecha." https://imgur.com/dQgC4kv <cite>Tyranthraxus posted [p:960747041] in I Lost $40... [t:79801604]...</cite> <quote>Questionmarktarius posted... </cite> <quote>If it's at $0, can I buy infinite of it?</quote> BlameAnesthesia posted... </cite> <quote>It's not a stock, it's a call option, which is literally a bet that the stock will be a certain price at a certain date, with an expiration date. If it goes beyond that date and doesn't pass the strike price, it expires literally worthless. There is nothing to buy because it is nothing.</quote> But to actually answer the question it's not actually $0 but the ask is 0.01 or $1 per option and you can buy as many as you want but they're worth zero so you're literally better off just shoving the money up your ass since you'll at least get a nice prostate massage. </quote> ... Copied to Clipboard!
K181 12/08/21 11:24:30 PM #31:	Gambling 101: Never bet more than you're willing to lose. --- Irregardless, for all intensive purposes, I could care less. <cite>K181 posted [p:960747044] in I Lost $40... [t:79801604]...</cite> <quote>Gambling 101: Never bet more than you're willing to lose. </quote> ... Copied to Clipboard!
1337toothbrush 12/08/21 11:26:09 PM #32:	That's why it's called Ali Baba... and the Forty Thieves. --- https://imgur.com/a/FU9H8 - https://imgur.com/ZkQRDsR - https://imgur.com/2x2gtgP <cite>1337toothbrush posted [p:960747077] in I Lost $40... [t:79801604]...</cite> <quote>That's why it's called Ali Baba... and the Forty Thieves. </quote> ... Copied to Clipboard!
Solid Snake07 12/08/21 11:26:17 PM #33:	indica posted... yeah, I like Vice but the story seems a little off. Like, even with all the saving he was doing, he had 400k at 26 making 40-50k? Idk... Probably either fluked into some option plays going his way these past couple of years or maybe crypto. Then squandered it all away on this. --- "People incapable of guilt usually do have a good time" -Detective Rust Cohle <cite>Solid Snake07 posted [p:960747079] in I Lost $40... [t:79801604]...</cite> <quote>indica posted... </cite> <quote>yeah, I like Vice but the story seems a little off. Like, even with all the saving he was doing, he had 400k at 26 making 40-50k? Idk...</quote> Probably either fluked into some option plays going his way these past couple of years or maybe crypto. Then squandered it all away on this. </quote> ... Copied to Clipboard!
HagenEx 12/08/21 11:26:59 PM #34:	Dumbass. --- PWB's #1 Bad Bunny Mark <cite>HagenEx posted [p:960747095] in I Lost $40... [t:79801604]...</cite> <quote>Dumbass. </quote> ... Copied to Clipboard!
TheMikh 12/09/21 12:33:24 AM #35:	rule 1 of investing: don't use leverage --- https://imgur.com/A0TAfek <cite>TheMikh posted [p:960748349] in I Lost $40... [t:79801604]...</cite> <quote>rule 1 of investing: don't use leverage </quote> ... Copied to Clipboard!
Solid Snake07 12/09/21 12:57:14 AM #36:	TheMikh posted... rule 1 of investing: don't use leverage I'd say rule 1 is don't lose money. But leverage is definitely a good way to lose catastrophic levels of it. --- "People incapable of guilt usually do have a good time" -Detective Rust Cohle <cite>Solid Snake07 posted [p:960748719] in I Lost $40... [t:79801604]...</cite> <quote>TheMikh posted... </cite> <quote>rule 1 of investing: don't use leverage</quote> I'd say rule 1 is don't lose money. But leverage is definitely a good way to lose catastrophic levels of it. </quote> ... Copied to Clipboard!
DJquackquack 12/09/21 12:57:24 AM #37:	TheMikh posted... rule 1 of investing: don't use leverage Everybody always says this, which begs the question why do all these leveraged stocks even exist? It seems like theyre all money pits. --- If you die in Canada, do you die in real life? <cite>DJquackquack posted [p:960748726] in I Lost $40... [t:79801604]...</cite> <quote>TheMikh posted... </cite> <quote>rule 1 of investing: don't use leverage</quote>Everybody always says this, which begs the question why do all these leveraged stocks even exist? It seems like theyre all money pits. </quote> ... Copied to Clipboard!
Blightzkrieg 12/09/21 1:06:55 AM #38:	CE_gonna_CE posted... lmao --- https://imgur.com/1XbPahR <cite>Blightzkrieg posted [p:960748846] in I Lost $40... [t:79801604]...</cite> <quote>CE_gonna_CE posted... </cite> <quote></quote>lmao </quote> ... Copied to Clipboard!
CE_gonna_CE 12/09/21 1:17:21 AM #39:	Leverage is great if you know how to use it properly, understand risk, and dont do anything stupid with it. It also helps to be prepared to pay back when its due comfortably. --- https://gamefaqs.gamespot.com/boards/1531-food-delivery-services-general <cite>CE_gonna_CE posted [p:960748971] in I Lost $40... [t:79801604]...</cite> <quote>Leverage is great if you know how to use it properly, understand risk, and dont do anything stupid with it. It also helps to be prepared to pay back when its due comfortably. </quote> ... Copied to Clipboard!
Pepys Monster 12/09/21 1:26:07 AM #40:	https://i.imgur.com/ZPy9hsw.jpeg --- Ryzen 3700X \| Evga GTX 1070 Ti \| 16GB DDR4 3200 \| Crucial MX500 2TB <cite>Pepys Monster posted [p:960749092] in I Lost $40... [t:79801604]...</cite> <quote>https://i.imgur.com/ZPy9hsw.jpeg </quote> ... Copied to Clipboard!
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Current Events > I Lost $400,000, Almost Everything I Had, on a Single Robinhood Bet (+) Yeah! (+)

Current Events > I Lost $400,000, Almost Everything I Had, on a Single Robinhood Bet