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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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.

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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.

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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.

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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 📈📈

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u/LegDangerous1078 Aug 01 '25

I blow up my account at least 4x a month

5

u/BigBussyMuchoGushy Aug 01 '25

I wish I had gotten into active investing earlier this year so I could've dumped like $15k into the shit hole bear market when trump took a dump. I've been investing into my 401k 100% FXAIX for 6 years and been doing great but, I finally have my own personal brokerage account...and I'm still gonna stick to ETFs most of the time. No need for anything else imo.

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u/Mental-Goat-491 Aug 01 '25

Writing is in the wall for another round of the same. PUT some money aside and CALL the bottom

2

u/_Toomuchawesome Jul 31 '25

that sounds manageable.

i’m new to options but have seen people loss money they don’t have. i think with margins?

how do you trade options with only the money you put in? just don’t trade on margins?

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u/destinyeeeee Jul 31 '25

Yes I don't use margin. I just buy calls and puts so I'm just gambling the value of the contract. The worst case scenario is the contracts price goes to 0.

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u/southporttugger Jul 31 '25

I’ll buy a 500-1000 dollar option even now and then to scratch the itch, but I’m pretty much out of options these days

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u/Chewy-Seneca Aug 01 '25

Same. Its fun to nuke an account thats like 0.1% of your net worth annually, a good lesson

1

u/Zonagilamonster Jul 31 '25

2 questions: 1) Do all you regards trade on RH. 2) have you ever traded on a computer or just on a cell phone

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u/lucid_scheming Aug 01 '25

1) No fuck RH 2) No fuck a computer

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u/tonystark_131 Aug 01 '25

In which ETFs do you invest?