Aug 17, 2020·edited
Codydamn I wish my family had that kind of money just to throw into investing
anyways what do you mean by "bags"?Bags is owning a s*** ton of shares of a stock
EDIT: Miller of shares don’t really matter, a bag basically depends on how much money you have on the stock
Aug 17, 2020·1 reply
shaneReddit subreddit user from /r/WallstreetBets shows his portfolio, which shows his "yolo bets" (Careless and reckless bets, hoping they pay off) have given him nothing but a net loss in the end of $40K
but it was apple? and how did he lose that much that quickly if the stock was only going down a few dollars
- Aug 17, 2020genghiskharti
but it was apple? and how did he lose that much that quickly if the stock was only going down a few dollars
he has put option contracts at 227.5 242.5 and 230
but the appl stock didn't drop below those meaning he's not in the money (strike price is still higher than market price) - d stoner 🤬Aug 17, 2020
Im no stock genius, but u dont wanna be day trading manually.
These guys are using auto-buys and dumps
Aug 17, 2020·1 replycrine op and his dad dumb as s***
Aug 17, 2020RIP
Aug 17, 2020·1 replyRule #1 of day trading....Never use your own money
Aug 17, 2020Taking out a loan to day trade
- Aug 17, 2020dotM
Rule #1 of day trading....Never use your own money
that's why he took out a loan
using bank money 
Aug 17, 2020hublotscrine op and his dad dumb as s***
You f***ed up
Aug 17, 2020·1 replywhat kind of family is this
- Aug 17, 2020·1 reply
niggas holding through earnings??? lmfao sorry bro but ur losing all that s***
- Aug 17, 2020
its a DUB for anything you got on collateral
- Aug 17, 2020
s*** crazy cause you coulda just put all that on a tesla or apple long call and made a million
Aug 17, 2020😳
- Aug 17, 2020·editedMLI
what kind of family is this
- Aug 17, 2020
this f***ing idiot diamond hands in my discord held tesla thru the recent call where it went up like thousands of percent. f***er lost almost 10K on a ~1K investment
that wallstreetbets type of mentality is what your dad got OP
Aug 17, 2020PNWPast 4-5 months me and my father we’re getting into day trading due to COVID giving many people opportunities to purchase shares at a discount and make good money as a result. We’ve started small (like about $100) now we’re trading at least like $1000 per stock while making some decent money here and there. We mostly conducted our research before investing (Carefully a***yzing the stock itself, watching multiple YouTube videos) and were in a healthy position. We ramped up our balance too, starting out with 3k but my father transferred his money over and took a loan out on top, totaling well over 50k as the amount to invest.
Like a month or two later, we were watching the stock NAT as it was moving up consistently Day by day bases, gained hype by multiple Youtubers too and sounded promising due to the oil situation (This was back in April/May). At some point, my father put about $42,000 into the stock itself and it went up, but start going down and down, eventually plummeting into oblivion. This resulted into painful $18,000 loss, along with other bags he had which failed to go up and totaled into $25,000 loss at some point.
F*** man I’m starting to get stressed out as my fathers has been acting upset for the past week and the stock’s earning will be out by tomorrow morning. I pray it’ll go up, and not plummet again.
I know everyone will make fun of him for being a “dumbass” and not trading well, but I feel very bad about the situation and taught me a lot. Our bags have been a result of us not timing the trades well, FOMO, and just buying additional shares to DCA it.
This is something that I wanted to get off my chest, I HOPE it’ll go up tomorrow f*** man
It’s part of the game, I’ve lost 5k in 2 minutes, but have also made 5k in 2 minutes. It sucks it really does, but everyone will lose in the stock market and it’s just part of trading. Advice I’d like to share is to let it go, don’t try making up for the loss, learn from your mistakes (if any), and be patient.
Aug 17, 2020ThisAuburnNigganiggas holding through earnings??? lmfao sorry bro but ur losing all that s***
Fr, OP about to be in the negatives this morning
- 0 👀Aug 17, 2020
OP YOUR DAD HAS A GAMBLING ADDICTION
YOU GUYS ARE NOT INVESTING. GET HIM HELP
- Aug 17, 2020
Oil sector is supposed to be a real play, I’ve just seen
your dad is probably going to lose on sum in the short while but I think he makes it back 
Aug 17, 2020idk bro just sell ass at this point you pretty used to getting f***ed anyway
- Aug 17, 2020
me and my dad lost a collective $100k during bitcoin's run up in 2017 but it wasnt that bad because it was primarily money we made during the bullrun anyway.
this should be a lesson to only trade what you can afford to lose, ESPECIALLY if you're using funds your family is relying on to survive.
you will bounce back bro
- 0 👀Aug 17, 2020genghiskharti
i need an explanation
ControlTheNarrative
GUH
1.8k points
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9 days agoWith Robinhood Gold, you can use what's called Margin to trade with increased Buying Power. So I did an instant deposit of 2000 dollars (the minimum required to access Gold Trading), and then I bought 100 shares of AMD for 3,800 or so, with margin. Then I sold an AMD Call Contract with a 2 dollar price strike to get almost all my money back (it's important to find a stock that has Call Options with such low strike prices like Ford, GE, etc). Then I use that money to buy TWO hundred shares of AMD because remember, margin doubles my buying power, then I sell 2 Call Contracts witht he same 2 dollar strike price to get almost all my money back, which is then doubled again thanks to Robinhood's Margin. I repeat this until I am sufficiently leveraged for my Personal Risk Tolerance. Right now, I am at 25x leverage because I had 2000 dollars in Instant Deposits. I then use my increased buying power to maximize my gains.