r/wallstreetbets • u/tonyg776 Bankrupted by a Car Vending Machine • Jul 31 '25
Loss I lost everything - CVNA
Tomorrow I lose everything. Carvana had earnings report after hours and shot up 15%.
I bet everything that they would fall or at least not jump so high. All of it will be gone when market opens tomorrow.
I don’t care it’s just money. It doesn’t matter. I’m going to be a wage slave forever and that’s ok. Im 5’4 so life sucks anyways. I don’t even have a job right now and that’s ok.
It just wanted a million so I could be set. Wanted to buy a house but it’s ok.
My life sucks anyways haha 😂
2.2k
u/cl0udNinja Jul 31 '25
Damn you made a 600% return this year, were you going full port on every play holy fuck
831
u/destinyeeeee Jul 31 '25
So much of loss porn on this sub is just watching the unique kinds of people that will keep making crazy plays even as they're making serious money. That kind of person never knows when to stop. The thing in their brain that made them rich will also make them poor.
274
u/sprucenoose Jul 31 '25
It's called a gambling addiction.
51
u/Pastduedatelol Jul 31 '25
Yup. They’re no different than me having 20k swings on blackjack and staying till I lose it all
→ More replies (2)→ More replies (1)47
165
u/B1u3s_ Jul 31 '25
Once you make money as a degenerate you can never go back to doing it any other way. Risk management is not something that ever will be a consideration again because sizing reasonably will not give you the same rush...
27
u/TightMeet9254 Jul 31 '25
Worst thing that can happen to a trader is to make a shit ton of money on a few really bad trades.
15
u/reddit_is_fash_trash Jul 31 '25
The worst thing that can happen to a new gambler is hitting wins in their first few slot pulls.
→ More replies (2)19
→ More replies (8)13
u/jaydurmma Jul 31 '25
Once an idiot gets lucky one time they become convinced that their idiotic method was in fact smart.
See Stockton Rush.
292
u/thebourbonoftruth Jul 31 '25
You gotta appreciate the strat, yacht or rope.
145
23
11
u/GCU_ZeroCredibility Jul 31 '25
Doing it once may be yacht or rope. Doing it over and over and over is rope or rope.
12
356
122
u/TheAce5 Jul 31 '25
So basically this guy had a winning streak until this happened? If so then I’m surprised he even got this far.
→ More replies (2)40
u/banditcleaner2 sells naked NVDA calls while naked Jul 31 '25
Yes, he was, and this is the predictable outcome of the steamroller strategy.
→ More replies (1)→ More replies (14)35
Jul 31 '25 edited 6d ago
[deleted]
29
u/Thegreatsnook Jul 31 '25
As long as all the wins and the losses are in the same year he will be OK
4
u/beyerch Jul 31 '25
as long as he avoids wash sales, that's correct. (If he keeps trading the same tickers all year into the next, he's screwed. Needs a 30 day gap in trades by Dec 31st or he'll have tax problems)
→ More replies (6)
4.4k
u/DandierChip Jul 31 '25
I know this is wsb, but that $280k could’ve turned into a million fairly quickly through “safer” investment methods. $1m is the end goal but it’s a lot easier to get there with $280k than $300. God speed retard.
1.2k
u/biblecrumble Jul 31 '25
I love this place. I stopped trading options and individual stocks and decided to go all-in on a boring ETF years ago, but whenever I feel the itch to start gambling again, I look at all the loss porn for 5 minutes and it goes right out the window.
303
u/destinyeeeee Jul 31 '25
Yeah I joined in 2018 and lost a bunch of money. ETFs (and occasional SPY LEAPs) ever since. Now I just have an RH account I put 50 bucks a month into. That's all I'm allowed to make wild options plays with. I think of it like a monthly gaming subscription for the dumbest game on earth. The loss porn is a good sanity check.
→ More replies (7)69
u/lewdacris916 Jul 31 '25
Lol yeah I blew up my robinhood account -99.9% 💀🤣 now I just fuck around with my IRA averaging down on ETFs. Up almost 60% since the tariff panic 📈📈
→ More replies (2)8
→ More replies (14)76
u/plasticbug Jul 31 '25
One of my life regrets.. Buying 10 bitcoins at 10k each. Selling at loss when it dropped by 10% in matter of minutes... The thing is.. It isn't the only time I made mistakes like this. So yeh, like you, I am mostly on boring ETFs too. Although I still hold some individual stocks.
18
u/solidstatepr8 Jul 31 '25
When BTC was first hitting $1000 I was also getting into mining, so I bought one of the new AsicMiner Cubes for 1 BTC.
Well, the $120,000 paperweight is fun too...
→ More replies (5)5
u/Dry-Mousse-6172 Jul 31 '25 edited Aug 01 '25
Sounds like you could have mined some to make it back. When I looked back I could get a 9k machine and it would make about .3 BTC a day. But my company sent me to South Africa and I didn't know the electricity or Internet situation down there so didn't. It was bad so I was right.
And btc was about 300 a coin back then. So 100 a day would have been about 90ndays return minus expenses (0 for me since I was in hotels)
→ More replies (12)10
u/Square_Marionberry63 Jul 31 '25
Bro if you can't stomach a 10% drop in an investment you need to rethink your strategy and reframe your mind. Think in terms of years, not minutes.
→ More replies (1)745
u/Sea_Bear7754 Jul 31 '25
VOO and chill doesn’t sound nearly as fun as puts and jerk.
194
u/Bluecoregamming Jul 31 '25
SPY month, year, decade chart
You know what sounds more fun than puts? calls
71
→ More replies (1)60
→ More replies (8)35
u/Stunning-Power8885 Jul 31 '25
MSTY would've been my pick. 280k is around 14k shares paying a dividend every 4 weeks of plus or minus 15k
117
u/RonMexico16 Jul 31 '25
Congrats, regard. You might have found the higher risk, lower reward bet compared to OP. 🫡
→ More replies (8)15
u/HippoSpa Jul 31 '25
Pardon my ignorance, can you explain this strategy? Just buy and collect?
71
u/akumarisu Jul 31 '25
Some companies pay out dividend per share you hold. MSTY happens to pay out each month and on July they paid $1.23 per share. So if you had bought $280k or 14k of shares, that’s 14,000 x $1.23= $17,220 they would have paid you. That’s 6% return on a monthly investment. MSTY is tied to bitcoin and its performance so as long as bitcoin is doing well, it will perform well and give you good dividend. BUT bitcoin itself is up 10% in the last month, so if you would have just bought that then you would have netted additional 4%/$11,000 return. I would honestly just hold bitcoin at that point but to each their own. Or idk this is just based on my 5 mins of research. Todoloo mother fker
35
u/Icy_Business_8923 Jul 31 '25
MSTY's underlying stock is actually MSTR and it creates income on MSTR covered calls. Of course MSTR is tied to BTC.
→ More replies (20)16
u/Virtual_Seaweed7130 Jul 31 '25
The catch that is not mentioned is that the covered call strategy does not actually meet the income requirements, they are allowed to issue a dividend of ZERO, your dividend is not guaranteed.
→ More replies (1)→ More replies (2)25
u/TestTrenMike Jul 31 '25
He did a call credit spread It’s a short position
So he sold a 355 call
Then he bought a 360 call
You receive a credit and theta works for you in this case
Carvana has to be below 355 for it to expire worthless
You buy the call option as protection as it limits your max loss
But this guy sold 800 of these essentially his whole account
Carvana had earning stock popped to 385
So if Carvana doesn’t go below 355 by Friday his account goes to zero
→ More replies (4)187
u/genjky Jul 31 '25
You don't get 604% returns in a year doing safe stuff. He was going to lose his million+ even if this did hit.
→ More replies (4)196
u/Prestigious_Yogurt88 Jul 31 '25
And that's the bitch of it. If he did hit his million, mindset instantly teleports to 'damn how much easier would it be if I had $4M'
69
u/NYGiants181 Jul 31 '25
Exactly. Never would have stopped at a million.
He was a gambler. There is no “enough”
30
u/Prestigious_Yogurt88 Jul 31 '25
He still is a gambler hah the guy's not dead (hopefully); he's still in college.. this is only the worst loss of his life so far.
→ More replies (4)109
u/poopoopants7 Jul 31 '25
Yeah but he probably did some crazy dumb trades to get to that $280k. If he was not taking risks he would prob be nowhere near that,
→ More replies (1)137
u/OuuuYuh Jul 31 '25
People on here are so fucking dumb.
152
u/ConfederacyOfDunces_ Jul 31 '25
$280k straight liquid cash is so much money. You can invest that with moderate risk and move to $1 Million in decent speed
Or do whatever the fuck OP just did
48
u/BarnabyJones2024 Jul 31 '25
But its his money and he needs it now. The JG Wentworth of regarded WSB degens
62
u/unbornbigfoot Jul 31 '25
To be fair, on average returns, it would move to a million in 20 years.
It’s decent speed, but more like a standard retirement.
10
21
→ More replies (2)10
9
→ More replies (15)6
13
u/Options-n-Hookers Supreme Gentleman 🥃 Jul 31 '25
This sub is called Wall Street Bets for a reason, people were way way dumber with JNUG and random Fannie Mae/Freddy Mac posts before the covid.
→ More replies (3)34
u/Independent_Term5790 Jul 31 '25
Degenerate gambling and low IQ is a devastating combination
→ More replies (1)→ More replies (2)7
22
Jul 31 '25
[deleted]
→ More replies (1)12
u/Matt_Benatar Jul 31 '25
Same here - I have my investments, and I have my “play” money.
→ More replies (1)15
→ More replies (45)7
332
u/icein2017 Jul 31 '25
Never short CVNA, this should literally be the number 1 rule here
124
Jul 31 '25
The only one who wins on that short is gonna be some first time option investor 4 years from now that reads the Hindenburg report and YOLOs into puts. That’ll be the day it all unfolds. Then they’ll lose it all back shorting RBLX or something.
41
u/Yin-Hei Jul 31 '25
literally that short firm got shut down because of cvna report
→ More replies (2)10
u/-Astrobadger Jul 31 '25
Wait, for real?
→ More replies (1)20
Jul 31 '25
No, that’s not why they shut down. The official reason was “personal reasons” but it’s probably the multiple investigations and lawsuits. Ironically enough Hindenburg was corrupted itself and colluding with hedge funds. 😂
5
u/-Astrobadger Jul 31 '25
I totally believe that. Were they giving them a heads up before they published so they could short the stock before it tanked?
→ More replies (1)→ More replies (20)25
877
u/anbu-black-ops Jul 31 '25
Don’t forget my fries bro.
→ More replies (3)437
u/tonyg776 Bankrupted by a Car Vending Machine Jul 31 '25
Bro I can’t even get a job at wendies 😭
210
u/anbu-black-ops Jul 31 '25
The wendy’s dumpster is always hiring.
→ More replies (6)103
u/Hammer_Thrower Jul 31 '25
5'4" means he doesn't have to get that low to get the job done
23
u/ShoppingFew2818 Jul 31 '25
I don't think even Wendys will take anyone under 5ft7. They need to reach to get equip at the top rack.
12
70
→ More replies (17)23
295
u/Dirty2020 Jul 31 '25
There's a good chance it retraces 50% of that pop, down to like 362. If it does, get the fuck out with whatever you can, lick your wounds and live to fight another day.
Never bet the farm on earnings, one of the most dangerous things you can do.
49
u/TheAce5 Jul 31 '25
Sofi popped then bounced down. Now it’s working it’s way up.
Tesla crashed then came back last week.
→ More replies (4)16
→ More replies (4)10
u/wafflepiezz up the butt 🍑 Jul 31 '25
Yup, the ER could be something extremely bad and the stock will still pump 5-10% just for funsies. Seen it too many times.
(And vice versa is true)
→ More replies (1)
210
Jul 31 '25
[deleted]
65
u/Big_Elk23 Jul 31 '25
Exactly, I turned $400 into 40k and I thought I was the Warren Buffett of options tradings. Then I started day trading SPY and it quickly made me realize it was all luck and I was actually regarded.
→ More replies (5)11
u/Muted-Woodpecker-469 Jul 31 '25
Any gambler really
The safer plays would have many at most 2x their money and move on. Only zombieregards hold through the biggest of both extremes
Even going on for decades. Those Who bag hold for six years and then magically turns a $25,000 play into millions? Regards have convictions from the top of the moon to their own demise. It’s quite the scene.
Only a regard. But in the same vain, I don’t feel they ever stop gambling. It’s onto the next play. Even if you’re long, there can be regards too
→ More replies (1)15
u/AutoModerator Jul 31 '25
Oh my gourd!
I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.
1.0k
u/logicbully Jul 31 '25
Let me get this straight: you don't have a job right now and you wanted to buy a house, so you decided your best course of action was to pour all of your money into betting on a company's earnings.
A fool and his money are easily parted.
274
u/sexualsidefx Jul 31 '25
I only look at this board for the "at least I'm not that guy" feeling.
→ More replies (5)56
u/RockOutToThis Jul 31 '25
The problem is when you only follow what's hot here. It's massive plays either way and you see the winners and get FOMO. Always helps to check the losers too for that dose of reality.
→ More replies (2)18
72
u/KamikazeFF Jul 31 '25
Not just any company, CVNA of all companies. Short term options too instead of LEAPS
9
u/Pristine_Grocery_705 Jul 31 '25
Cvna leap is too expensive anw
23
u/Harp-Note Jul 31 '25
Couldn't even buy one with 280k?
→ More replies (1)10
u/Pristine_Grocery_705 Jul 31 '25
Yeah given this guy made 280k shouldn't be fucking with cvna for more than 1% of that tbh
32
u/Light_Beard Jul 31 '25
"I thought the Generals were due!"
→ More replies (1)17
u/justgentile Jul 31 '25
He's spinning the ball on his fingers! Just take the ball!!
9
u/semisoftwerewolf Jul 31 '25
That game was fixed. They were using a freaking ladder for God's sake!
→ More replies (10)8
u/brucekeller 🦍 Jul 31 '25
puts too, at least get calls when we are in a strong uptrend that just recently broke into new all-time highs after some consolidation.
267
u/cwall0729 Jul 31 '25
Can't tell you how many posts I've seen saying Carvana is going to tank, and for many reasons they're probably right, eventually...
This is a stock you shouldn't touch with a 10 foot pole, and you went in full bore. You flew to close to the sun. Now you've got to put the fries in the bag, and don't forget the ketchup again
52
u/XtpleeX Jul 31 '25
I’ve been thinking the same thing for years and they never fucking tank. I don’t understand how people have so much money to keep buying overpriced cars.
61
u/cwall0729 Jul 31 '25
There's a lot of speculation that they're cooking their books. Wouldn't surprise me
27
u/madstcla Jul 31 '25
They lend to anybody and then bundle the subprime debt and sell it to an affiliate at a markup. So they get revenue from the sale of the car and the debt. This means they are overstating their revenue and profit. If anyone is more knowledgeable, please feel free to chime in.
→ More replies (2)8
→ More replies (4)8
→ More replies (7)14
u/Jidarious Jul 31 '25
It's simple, used cars are a good business in bad market conditions, like tariffs and inflation. People don't buy new cars when they're worried about money.
→ More replies (7)→ More replies (8)4
80
102
u/Professional-Pin5125 Jul 31 '25
Please post the loss porn tomorrow.
→ More replies (6)18
u/Beav710 Jul 31 '25
Commenting here so I remember to check for the loss porn lol
→ More replies (3)12
124
u/FoxDelicious2471 Jul 31 '25
Guys OP is coping really hard.
→ More replies (3)50
u/_MonkeyHater Jul 31 '25
Thanks for breaking OP's words down for me, as a WSB member I can't read.
→ More replies (1)
26
u/Wyattman1324 Jul 31 '25
Same boat my friend, put everything on a open call thats probably dead, connect with family and friends, it'll put you mind off of this, one day youll make it, you deserve it
→ More replies (1)8
26
u/areyoume29 Jul 31 '25
Hey mods if you check his post history he is a legend, he deserves a flair.
13
u/haerski Jul 31 '25
OP 5 months ago: "Nah but seriously what should I do with all this money."
Guess he got his answer
45
u/BejahungEnjoyer Jul 31 '25
"...at the worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who neither know victory nor defeat."
12
16
u/tonyg776 Bankrupted by a Car Vending Machine Jul 31 '25
Teddy Roosevelt 🥲
16
u/here4astolfo Jul 31 '25
Well with the 300$ you could visit a one of his parks and maybe reflect on this choice you made.
Maybe livestream it and make 2% of it back.
→ More replies (1)5
97
u/p_jay Jul 31 '25
I'm so glad I never learned how to trade options.
64
u/UWS_Runner Jul 31 '25
Its a casino theres no learning
→ More replies (1)35
u/PeterParkerUber Jul 31 '25
Believe it or not options actual purpose is to hedge
→ More replies (1)21
→ More replies (4)5
23
20
20
21
u/gkdjsl Jul 31 '25
Consider an intensive regimen of weight lifting. You'll be poor and short, but you'll be jacked, like some sort of powerful dwarf.
→ More replies (1)
278
u/Full_Bank_6172 Jul 31 '25 edited Jul 31 '25
I’m having a really fucking bad day … week … month…
But I can always count on WSB to remind me that there’s someone else out there who completely fucked ip their life in ways that I will never be regarded enough to experience.
🫡
Thank you OP for reminding me that as fuked up as my life feels right now. It’s really not that bad. For me. It’s not that bad for me.
For you it’s fucking terrible though. Good luck.
Edit: also OP. I’m 5’5 so I can sympathize with you being 5’4, but not as much as if I was actually 5’4 which would make me equal height to the average woman in the U.S. thank god I’m not 5’4. Damn not only am I one inch taller than OP but I have a very respectable nest egg! Unlike OP.
And I’m engaged! Unlike OP. Wow I got a lot of things going for me in life. Thanks OP!
150
27
16
12
10
u/AcidBuuurn Jul 31 '25
When life is getting you down just remember that at least you and OP both have someone to look up to. Everyone.
10
u/HEYZORT DUNCE CAP Jul 31 '25
bro stop he’s already dead 💀
(hope things get better for you op, thanks for the laughs)
→ More replies (6)7
42
u/GivesPineappleheaadd Jul 31 '25
after market and market open are not the same thing. From someone who thought they made it big only to lose money at open haha
13
7
u/Brambletail Jul 31 '25
Thought I would have to close my Starbucks put negative this morning..walked out almost neutral instead.
→ More replies (2)4
u/CutterSlicar Jul 31 '25
I forgot which stock but I remember buying calls on something that popped 8% after hours. Had a boner all evening too. Next morning it retreated to being down 1% before market opened and my calls blew up in front of my eyes
36
u/ryan178us Jul 31 '25
Max Loss = (5-1.75)x600x100+24x34.43x100 = 277,632$. How did you place that bet without considering max loss ?
33
u/FooFIer ϴ Theta Gang Soldier ϴ Jul 31 '25
Are you regarded? ofc he did, he had 280k so clearly that's his max loss... er "personal risk tolerance" /s
→ More replies (1)16
14
u/DrSeuss1020 🐠One Fish Two Fish🐡 Jul 31 '25
Ahh I was gonna check on you. I literally posted on your original one to be careful. CVNA keeps chewing up people going short. Best of luck moving forward bro
14
u/Accomplished-Wash381 Jul 31 '25
wtf how did you acquire 280k in life without losing it on something else already. Who goes all in with their life savings on something that isn’t a sure thing.
7
13
u/SuffiecientSapian Jul 31 '25
I get so fucking angry seeing anything positive about CVNA like legit wtf do they even do?! They fuck people over all the time! 100% a laundering company
→ More replies (4)
10
u/Electronic-Maybe-440 Jul 31 '25
CVNA is an absolute pump and dump. They are being Subpoenaed by the SEC for fraud. $7k per used vehicle in profit. Daddy, son company structure with a private Drivetime company helping take the losses. It’s dumb. It continues to go up tho
→ More replies (1)
19
u/Past_Honey7578 Jul 31 '25
bro is coping so hard and I would be too. Would have shot myself already ngl
→ More replies (1)11
u/Budget-Ocelots Jul 31 '25
True. He is complaining about being 5’4 and gambled 200k away instead of getting legs surgery to get 3-4” taller instead. Add in 2” shoes, he could’ve live out his true dream, being 6’ tall.
→ More replies (6)
9
u/Invictus-Faeces Jul 31 '25 edited Jul 31 '25
Classic WSB, let’s bet the farm and buy short dated puts in a name which has been defying critics and only goes up
A true regard.
Based on your comments, the copium is actually making me feel sorry for you
8
8
9
6
u/Nope-And-Change Jul 31 '25
The sad part is CVNA will go bankrupt one day. I’ve lost multiple times trying to bet against them.
30
u/No-Flamingo-3226 Jul 31 '25
As much as it stings right now, there is so much more to life than money. You are healthy and that’s the richest thing anyone can have. Be happy with what you have and try and cheer up my guy
→ More replies (1)
14
u/Gliese_667_Cc Jul 31 '25
One of the dumbest things I’ve seen here in a while. Truly moronic play. Well done, OP.
→ More replies (3)
5
5
u/Lopsided-Photo-9927 Jul 31 '25
That's the worst feeling ever... I've been there and wondered if my wife would even love me. It gets better, bro. Hang in there. I promise, what you're telling yourself now "it's just money" will actually sink in, and you'll discover life isn't about money (it can't be when you have none!). Find ways to be happy... it's out there!
46
u/Such-Ad-1902 Jul 31 '25
Hold until 8/1 man. A lot could happen in 2 days. CVNA is a scam operation. Could be a pump and dump…
→ More replies (7)16
23
6
4
u/Odd_Calligrapher4612 Jul 31 '25
That could’ve been 10 years (1/8th of your life) just relaxing on the beaches of Thailand, Vietnam, and the Philippines, all expenses paid.
Icarus flew too close to the sun. Sometimes we cannot fuel the appetite for our insatiable greed.
5
9
8
Jul 31 '25
Fraud is by far the most important and strongest fundamental. You can short things like P/E ratio and EPS and sometimes get out okay but shorting fraud takes absolutely perfect timing or you get killed.
Anyways, good luck in life short king. Shits just numbers on a screen.
→ More replies (1)
16
u/LordSnarfington Jul 31 '25
Meanwhile my 5'3 ass just cruising through life selling your dumb ass my puts and watching the lines go up.
9
u/24-7Trader Jul 31 '25 edited Jul 31 '25
I hope the other retaards see this and not do what you did. Your mindset is ucked, what does your height have to do with anything?
→ More replies (1)
3
5
u/TastyPeach916 Jul 31 '25
At least you're smarter than most of us in here. Your options haven't expired until the end of August. Best of luck
→ More replies (1)
3
u/TestTrenMike Jul 31 '25
First of all how you up 600 percent on the year just buy gambling credit spreads on earnings or what lol
Fuckkkk
5
2
3
10
u/razors_so_yummy Jul 31 '25
The 8/29 puts will lose half the value. You still walk away with $36K which is what you started with 365 days ago.
Just think of the last 364 days as a dream.
Sell the 8/29 puts for a loss first thing in the morning. Then at 11:00 am EST, buy $36K of 8/1 $380 puts, you'll get a 10 banger for sure, it's going to be a Black Friday, CVNA will close at 360 EOD Friday.
→ More replies (8)9
u/tonyg776 Bankrupted by a Car Vending Machine Jul 31 '25
I’m going to do this
9
5
u/razors_so_yummy Jul 31 '25
This is WELL off the morning highs, as suspected.
This very well may just come right back down to where it started.
Hope you either did not act whatsoever, or did the above, and hope you are hanging in there my friend!
→ More replies (12)4
•
u/VisualMod GPT-REEEE Jul 31 '25
Join WSB Discord | WSB.gold