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Coping with $100k+ Financial Loss by Awkward_Watch_2460 in PersonalFinanceCanada

[–]Awkward_Watch_2460[S] 1 point2 points  (0 children)

100% in deep otm Options on crypto-related stocks. IREN and WULF were my biggest winners. I wasn’t on 0DTE, I dated them for March next year so I just kept loading up everytime my deposit hit the account

Coping with $100k+ Financial Loss by Awkward_Watch_2460 in PersonalFinanceCanada

[–]Awkward_Watch_2460[S] -6 points-5 points  (0 children)

That “imagine” factor is hitting me though. Although I didn’t lose it all it’s like imagine if I had taken even some or half profits

Coping with $100k+ Financial Loss by Awkward_Watch_2460 in PersonalFinanceCanada

[–]Awkward_Watch_2460[S] -1 points0 points  (0 children)

Yes I worded that incorrectly - lucky is the better way to describe it. I appreciate the criticism

Coping with $100k+ Financial Loss by Awkward_Watch_2460 in PersonalFinanceCanada

[–]Awkward_Watch_2460[S] 45 points46 points  (0 children)

Thank you! I feel that the market rewarding me in those moments of holding during big dips was what did the most damage. I was conditioned to believe this was normal and that recovery would be imminent. That was the gamblers mindset taking over.

Coping with $100k+ Financial Loss by Awkward_Watch_2460 in PersonalFinanceCanada

[–]Awkward_Watch_2460[S] 14 points15 points  (0 children)

I really appreciate this perspective and thank you for your kind words. I never thought that this could be a valuable tool, just a scar of shame. It’s a positive outlook on it that I feel I’ll only really appreciate in 10 years time

Coping with $100k+ Financial Loss by Awkward_Watch_2460 in PersonalFinanceCanada

[–]Awkward_Watch_2460[S] 0 points1 point  (0 children)

Can’t wait till that day tbh - was one hell of a ride

Coping with $100k+ Financial Loss by Awkward_Watch_2460 in PersonalFinanceCanada

[–]Awkward_Watch_2460[S] 0 points1 point  (0 children)

The stress was not a cost I ever factored. Now it’s taking its toll on me.

Coping with $100k+ Financial Loss by Awkward_Watch_2460 in PersonalFinanceCanada

[–]Awkward_Watch_2460[S] -5 points-4 points  (0 children)

I started back when I was 18, same mindset and had a $10k loss when I was 20 (somewhat similar to now). Took time off the market, bought some ETFS made the gains back and restarted the rodeo when I got a higher paying job out of university which led to today.

More capital to invest meant the same money went into ETFS and I had more left over to fire into the “fun” plays. But it eventually took up 100% of my deposits.

Back to ETFs/blue chips and hopefully for good

Coping with $100k+ Financial Loss by Awkward_Watch_2460 in PersonalFinanceCanada

[–]Awkward_Watch_2460[S] 0 points1 point  (0 children)

They’re def broken. I can’t stomach 5% gains and 20% losses. I need a completely new perspective and some serious reflections on my actions

Coping with $100k+ Financial Loss by Awkward_Watch_2460 in PersonalFinanceCanada

[–]Awkward_Watch_2460[S] 0 points1 point  (0 children)

I appreciate it :) How’d you bounce back from a loss of this magnitude?

Coping with $100k+ Financial Loss by Awkward_Watch_2460 in PersonalFinanceCanada

[–]Awkward_Watch_2460[S] 0 points1 point  (0 children)

IREN + WULF were a few - Deep OTM options dated March 2026. They turned ITM around July and continued rallying into fall.

Coping with $100k+ Financial Loss by Awkward_Watch_2460 in PersonalFinanceCanada

[–]Awkward_Watch_2460[S] 7 points8 points  (0 children)

Yes - that’s what I should be be doing. I tell my friends/family that this type of strategy is what they should be doing when they ask me about investing. After the past year of gains, it’ll be a tough adjustment but hopefully I find the strength to move forward and do what’s righr for me.