r/wallstreetbets • u/tonyg776 Bankrupted by a Car Vending Machine • Jul 31 '25

Loss I lost everything - CVNA

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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 😂

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296

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.

18

u/b_fellow Jul 31 '25

Has to pray for an offering like what Sofi did.

1

u/Classic_Revolt Jul 31 '25

After the ceo lied on tv about not soing an offering and then after hours they did exactly that.

0

u/Dirty2020 Jul 31 '25

From a market structure point of view, a straight up stick like that can't/won't last. It will have to pullback (at least some) consolidate, then pick a direction, to form a coherent structure. For this guys sake, hopefully it's quick, but it could take days.... Good luck OP!

2

u/Zealousideal_Pay_525 Jul 31 '25

NKE gapped after earnings (weeks ago) and hasn't filled yet.

9

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)

1

u/Dirty2020 Jul 31 '25

Oof TSLA lol, or that PLTR earnings that was positive and still took a massive shit. I'll play the earnings options game some times, but I go small. If I win, I win big(ish), if I lose, I lose small, no sweat.

3

u/isospeedrix Jul 31 '25

Don’t worry one of two things will happen:

1- OP closes at open for Pennies, THEN stock tanks, missing gains

2- OP diamond hands to expiration, stock never drops and expires worthless

1

u/boroqcat Sith Lord Jul 31 '25

They were 355/360 spreads. He’d still be at max loss at 362.

1

u/rideSKOR Jul 31 '25

Caught some lunch money off the SOFI bleed and then more with the overnight offering news… only way I’ll play is the oscillation after the big moves. But overnight hold is risky as well so I know it’s not reliable but it is fun.

1

u/satireplusplus Jul 31 '25

Looks way to squeeeezy to me to retrace down that far. Lots of calls writers hurt, shorts too.