Yesterday was on me

Storytime

I recently just managed to scrap enough together to create an account past the minimum.

https://preview.redd.it/zpbr9rzcjvj41.jpg?width=1076&format=pjpg&auto=webp&s=0c863a6f4b10e07df6de97933b9ea15b94282318

First thing I did was all in half my money on 3/9 SPY 280P, the other half on $TRIP 3/6 22p, $CCL 3/27 30p and $UAL 3/20 60P. I was all green for all but 10 minutes, and in the last 5 minutes I just watched my SPY, TRIP and CCL turn deep red without wanting to touch them anymore because I know losses are only real when you sell.

On the other hand, the fearporn on beer virus today have been giving me back faith slowly in this rigged ass market that I am so lucky to experience on my very first 2 hours in the market ever. UAL is my only green right now and I know its gonna be even better on Monday since they just offered reduced pay leave to their pilots.

Having said that, I lowkey need yall to assure me Monday is gunna b gud so these gay bulls know they only really make money off rigged plays.

Posted Feb 29, 2020, 2:35 PM UTC

1331
Psicopro•

There will probably be some sort of attempt at a rally. You sound like scared money though. You will probably sell at the wrong time because you are taking advice from the internet instead of making up your own mind.

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FirststepssOP•

b-b-bbut the advice is from WSB. cant go tits up

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tu_test_bot•

This is the kind of dd I look for here

3

It always goes tits up.

Decide on where it's going, diamond hand until there or until you lose it all - or- sell at open.

Otherwise you're going to push the wrong button at the wrong time.

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FirststepssOP•

diamond hands is the plan, I just need mommy to tell me im in a safe space

2

Your nowhere close to a safe space. None of us are.

If you have puts, as poker players say "you've got the better end of it right now".

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conspicuous_userNo one commented.•

It's okay to be scared money if you have steel balls. This dude gay has some r/investing featherweight balls though.

2
FirststepssOP•

Its all the money i can spare for the next 3 months

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conspicuous_userNo one commented.•

Then maybe don't yolo it all on three calls like the rest of us do. If you actually want to invest in a safer manner: 1) this sub is not for you, and 2) keep each call/put contract below 5% of your account value.

​

Edit: Also, we'll probably be printing tendies all next week on puts.

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AbsolutelyAutistic•

Last Friday of the month is when all money is re-balanced.

Friday is when the majority of options expire, which is why there are fake pumps to hedge money.

The fed has been pumping money in to the market every 10 minutes for 4 days.

Friday afternoon is the very definition of a bull trap. Monday might start green but it's going to be a blood bath all day and end at least -2%.

13
FirststepssOP•

This is what i was looking for thanks, so dip into margin on monday open for more puts. Gotcha

2
ChorzoGhost•

You should take as much debt as possible you’ll be a millionaire soon

1
FirststepssOP•

Its the only way

1
zsd99•

On the contrary, bear posts scare me. I feel better about my plays when they are the inverse of whatever WSB is doing.

3
FirststepssOP•

TBF, top post for the day is of a meme asking you to BTFD

1
Rabbitloki•

If it gives you any comfort... I'm looking at 100K in tendies going up in flames this week... or it's straight up Guns and Roses - welcome to the Jungle baby, We're all gonna die *RICH

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FirststepssOP•

🐻 thrive in jungles, to the earths core!

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DaveA899•

What a fucking moron

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FirststepssOP•

beervirus is coming to collect your calls on monday

1
DaveA899•

I don’t have calls either, I’m not a fucking moron.

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bluenokia2•

What the logic behind buying TRIP and CCL at current time?

1
FirststepssOP•

what logic?

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crushalot7•

Recession cancelled ur fucked

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FirststepssOP•

Someone above said Inverse WSB, thanks for the assurance!

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crushalot7•

Everybody was buying puts all week. You finally do it 10 minutes before the market turned around. You bought puts at the bottom. You are the part of WSB to inverse

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Domestic_energy•

The market turned around? Weird I missed it. I thought 2933 people have died from a brand new virus that is spreading rapidly and just recently arrived in the United States. I thought the market is looking red this week.

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iobviouslyamme•

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OswaldPatterson1•

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crushalot7•

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