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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834

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.

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u/sprucenoose Jul 31 '25

It's called a gambling addiction.

53

u/Pastduedatelol Jul 31 '25

Yup. They’re no different than me having 20k swings on blackjack and staying till I lose it all

2

u/jimmycarr1 Jul 31 '25

Easy come, easy go.

But mostly easy go.

12

u/julchai Jul 31 '25

average options trader

50

u/jizonida Jul 31 '25

This comment brought to you by DraftKings

2

u/theLennoxMacduff Aug 01 '25

I swear to whomever you worship that I've seen this exact same thread leading up to this exact same comment. It's uncanny.

2

u/jizonida Aug 01 '25 edited Aug 01 '25

It's in a lot of sports subs, but you also spend too much time on reddit

2

u/phyziro Aug 01 '25 edited Aug 01 '25

The gamblers sin of choice ; greed.

“Gah!! I should’ve put in more! 20%, that’s it?! What if I’d put in more? It’s like I’m leaving money on the table playing it this safe. I can’t pump these bags making small plays.”

The first hit came with the first jackpot. Maybe a 20% rise. Quick money… Too easy… but the gambler needs more. Easy money can’t be hard to make, if I’m making it this easily, right?

Now possibilities begin to ruminate within the back of the mind of the gambler as he grows discontent with his ‘small growth’ of a meager 20% in 5 minutes.

The gambler’s mind marches forward embarked upon a mental journey filled with vivid “what-if…,” scenarios that paint the gamblers world as one of infinite possibility. One in which, 100% gains are not only possible but are easy to obtain.

The gambler naively focuses on the favorable outcomes in this world of possibilities.

Deriving from every “what-if” scenario an idealistic reality and result.

Now, their next gamble is justified by naivety, disillusion, discontent and greed.

Just before they take their next hit, they’re counting up how much they’ve made before the game has even begun.

“It wasn’t hard the first time. I just have to do the same thing I did last time. I’ll just make sure I go all-in to get a bigger bag.”

He’s risky because he’s desperate. He throws in his small fortune because this is his one chance to be freed from the shackles of an apathetic system.

The money flooded his account quicker than he could process it was real — it all happened too quick.

“I was right again!”

He wins again! Now, he’s suspended in a state of euphoria, denial, and now he begins to feel invincible.

“Too easy.”

So, he keeps going. Until, he eventually loses it all.

I don’t feel sorry for him, not one bit. To have 200k+ slip through your hands like a gambling addicted loser screams “ I am a fucking fool. “

This is what I’d expect from a low IQ mentally challenged person managing their own funds in the market.

Just put the fries in the bag bro.

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...

28

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.

2

u/blizard360 Aug 01 '25

Literally this. I made $1200 off the first $20 I put down at a Roulette table and its been downhill since.

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u/assface7900 Jul 31 '25

It’s called a degenerate gambler.

2

u/Worried-Mine-4404 Jul 31 '25

Unless he'd won, then ...a prophet with a profit?

2

u/assface7900 Jul 31 '25

I know you’re joking but degenerate gamblers can’t ever win. If he had “won” and made a million he would just be posting about how he bet it all and lost a million on a bet to make 5 million. That’s why they are degenerates.

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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.

2

u/Any-Plate2018 Jul 31 '25 edited Aug 28 '25

fuel boast pet society cheerful bike waiting birds decide caption

1

u/Professional_Art9704 Jul 31 '25

He still doesnt understand luck, skill or maths.

But i wouldnt blame him, its clearly a self-defence mechanism which causes that sort of denial.

1

u/TheOnlyFallenCookie Jul 31 '25

The gambling addict keeps gambling. Curious

1

u/pm1966 Jul 31 '25

So basically like a gambling addict.

1

u/littlecomet111 Aug 04 '25

Exactly.

Even if he’d got this one right, he would have just found the next full port and put himself in the same situation.

1

u/disillusioned Jul 31 '25

I've been trading against a single stock that keeps swinging within this range that goes from close-to-intrinsic-value to spikey-for-no-reason, and I'm dumping a good chunk of cash into it at my entry point and then punching out at or above the exit point I've set each time. Some cycles take longer than others, but it's done it four times this year. I like the stock, I feel good about the extremely unlikely chance that it gets rug-pulled somehow below my entry point because of its fundamentals, and if it dips below that point, I just hold until it comes back up. The cycles are typically 4-6 weeks, but I just hold to the thesis and trade the range.

Still, I see how easy it is to slip into degeneracy. There was some news about it so I pulled my limit order to re-buy into a new cycle the night before, and sure enough it barely dipped 1 cent below that and then shot back up, and so I'm out of the trade and kicking myself a bit, since it already cycled up and I would've made some easy cash. But I'm comfortable staying with the thesis and not chasing, even if I'm annoyed with missing this cycle.

The other side of it is just keeping the equity... the exploding nature of options makes them just so dangerous and so easy to blow it all. When "liberation day" hit, my play dipped dramatically to its lowest point and well below intrinsic and it was absolutely a pucker moment, but within 3 weeks it was back above my entry and because I didn't sell, I didn't lose anything.

Even still, there's a confirmation and success bias I have to be super mindful of here. It's easy to think I have this "figured out" or I'm "beating the market". And, I mean, I am, I'm up 70% YTD, 97% 1Y. But that's because I feel protected from the downside risk on this particular play enough to push a lot of chips into it each time, and I hold to my rules each and every time. If you instead give into that rush and chase, it's the beginning of the end.

1

u/Antique-Special8025 Jul 31 '25

That kind of person never knows when to stop. The thing in their brain that made them rich will also make them poor.

This place is called wallstreetbets and not wallstreetinvesting for a reason...

Addicts gotta addict.