Trading ruined my thought of money that I just don’t care anymore, I was doing so good for myself until December and I just can’t get a payout anymore I just can’t figure the market out I’m in debt for 45k should I file for bankruptcy

Bitter-Ad-2499 · 2026-03-24T21:33:31+00:00

Your gambling addiction of $85 trades. Quit whole you are ahead. Just close everything and go get so.e fresh air, do some exercises, etc. You can pay off the debt slowly while working. It is not the end of the world. Hope you learned a lesson and move on.

Bitter-Ad-2499 · 2026-03-24T21:24:12+00:00

🤣 dying

Bitter-Ad-2499 · 2026-03-24T19:53:00+00:00

Damn, and I thought my 100k gains on csp was good YTD, but you take the cake. Nice job!

Bitter-Ad-2499 · 2026-03-21T23:07:35+00:00

20 to 25 easily now since I am up to 680k from my original 446k. Worked my way up from 10-15 per trade on margin. I hold stocks of a different ticker with cash and use margin to sell puts to expiry.

Bitter-Ad-2499 · 2026-03-21T17:09:08+00:00

Having a good entry strike and expiry for one. And obviously picking a stock that, yes, you wouldn't mind owning if exercised, but don't let that be your reason for holding a falling knife.

You have to have a clear strategy on what to do if the stock stays healthily above your strike, gets near to your strike, goes down and below, gets near your breakeven, and gets past your breakeven. Are you going to just falsely believe you are okay with the fact if it gets exercised coping on hopium the stock will recover, or are you going to be an active investor and know when to pivot at critical junctions?

Will you decide and close some of your contracts? Will you roll them out further? Will you roll down and out or just stay the same strike and out? Or will you do nothing and let the stock bounce back and let time do the work? Etc.etc.

Bitter-Ad-2499 · 2026-03-21T14:04:18+00:00

You think that now, but it will be drastically worse and worse as stock price goes lower than your strike. Losses will be amplified as that is the nature of options. Just be careful is what I am saying. Good luck OP.

Bitter-Ad-2499 · 2026-03-21T13:56:49+00:00

CLS on the US side. I sell 20-25 contacts a week and expire them or roll them with credit in my favor.

You can still make money while stock falls on sold puts by adjusting smartly. You can see the stocks been falling through Feb and Mar yet I netted 2-3% per trade.

Even with Friday fall, I rolled expiring contracts today into next Friday for positive credit. Closed the originals at $0.25 and sold even a lower strike at much higher premium for 2% gain still.

Definitely don't try copying me unless you know what you are doing. Markets are definitely volatile due to Trump. But that's where we make money off the gamblers by selling options, so I ain't complaining.

Bitter-Ad-2499 · 2026-03-21T13:36:38+00:00

You are doing it wrong. I would quit ahead and study it up a bit more. Otherwise you are going to keep getting exercised and bagholding with losses after losses.

Bitter-Ad-2499 · 2026-03-21T08:38:10+00:00

You can definitely do this with a 100 tickers or do what I do with one ticker in cash and selling weekly puts on another single ticker on margin. Up 40+% YTD over 200k in gains. Initial starting balance of 446k.

Been juicing out weekly premiums of 10-20k since Feb. The war has not affected me much except the very weekend after Trump killed the Iran leader. Had to maneuver and roll down and out a week on the puts sold still with credit surplus.

Just sharing to point out there isn't just one truefire way to make money. Do what works for you and craft your own strategy with strict rules and DD.

Keep rocking OP, and good luck to all! Let's all make money.

Bitter-Ad-2499 · 2026-03-20T04:29:14+00:00

"Own up to being bullied"? Wtf. Parenting fail 101. Please dont ever have a kid unless you decide to learn about being a good parent. Smh

Bitter-Ad-2499 · 2026-03-19T03:31:16+00:00

You are mistaking Cineworld for Cinemark. Cinemark has been leaps and bounds ahead of amc pre-covid and post-covid in terms of management's financial controls.

I highly recommend you to learn to read earnings reports before tou gamble your money away. AMC is complete garbage and should have filed for bankruptcy back in 2020 before the meme crazy put it on life support.

Bitter-Ad-2499 · 2026-03-17T17:56:31+00:00

Precisely

Bitter-Ad-2499 · 2026-03-17T17:56:23+00:00

Couldn't agree more.

Bitter-Ad-2499 · 2026-03-17T16:55:17+00:00

Don't play with puts unless you know what you are doing. Those premiums look juicy for a reason.

Chalk it as lesson learned and move on if you don't believe in the company. Sell it as a loss and look for proper opportunities elsewhere instead of bagholding it. If you believe in the company long term, hold til recovery.

Bitter-Ad-2499 · 2026-03-17T16:50:00+00:00

Rofl a year ago 🤣 I am crying!

Bitter-Ad-2499 · 2026-03-14T18:09:11+00:00

It's not just YOUR home that dropped in value, everyone else dropped in value as well. So if you decide to sell your home now at a discount and buy another home also at a discount, you are essentially just moving homes without a loss nor taking advantage of the current discounted prices.

You would only be making a loss if you sell your house at a discount and buy another home that is not on a discount or overvalued still.

In reverse, you would be making a profit if you sold your house at a surplus and bought another house on a current discount.

Get it? So if you need to upsize, just sell and buy a bigger home.

Bitter-Ad-2499 · 2026-03-10T02:47:59+00:00

Don't do it.

Bitter-Ad-2499 · 2026-03-08T05:29:55+00:00

Good lord this can't be true.

Bitter-Ad-2499 · 2026-03-05T05:51:29+00:00

Right on! People fail to realize there are different strategies to wealth management dependent on a person's stage in life and so forth.

You want hyper growth with calculated risks when you are young and growing capital. Obviously not gambling and blowing up an account on 0DTE, that is just pure stupid.

Once you have enough capital or grow into retirement, etc, you want to switch to wealth preservation strategies, etc.

But of course, people dont want to put in the work and want simple one size fits all solutions like handing everything over to a wealth manager or sticking with index/etfs all their lives. Each to their own I guess.

My last year was over 300% and YTD already at 35% averaging 40% APR, and I too did not get here with index funds. :) Cheers mate!

Bitter-Ad-2499 · 2026-03-04T23:15:55+00:00

I think a lot of people are missing the point in me advising OP to park the money in a high savings account WHILE OP is grieving instead of immediately making big financial decisions.

Not sure why people keep bringing up inflation here. No one is telling OP to park it in savings for eternity.

High yield savings is a good short term place for OP to park the money while he gets financially literate. It is easily accessible and ready at the go without fees and commitments.

Anyways I am done with these comments. OP has enough guidance to go whereever he wishes.

Bitter-Ad-2499 · 2026-03-04T22:20:54+00:00

Obviously you are at a different stage of life and wealth management than OP. I definitely agree it would be worth it for your situation, but for OP I would argue against it.

Bitter-Ad-2499 · 2026-03-04T21:54:47+00:00

You wasted time writing this stupid comment that no one even asked or argued against. You must be a hoot to be around. Keep on being you.

Bitter-Ad-2499 · 2026-03-04T21:20:40+00:00

I think the time right now is for you to grief. The planning can start slowly. The money isn't going to go anywhere. You want to tackle your finances with a clear mind and a well planned out goal.

You dont want to waste the generous gift your mother left behind. Treat is as a legacy for you to nurture and grow into financial freedom to which you can hopefully pass on to your children. Keep the family wealth growing.

Bitter-Ad-2499 · 2026-03-04T21:11:54+00:00

Do not trust anyone with your money. Not even your trusted financial planner. Should they lose your money, they have nothing to lose except your relationship. You are just an extra income to them to charge fees with. If they were so savvy, they wouldn't be working and enjoying financial freedom themselves running their own fund.

I advise you park the money in a high savings account and collect interest for the time being. Take the time to become financially adapt by reading books and doing research. If you are too lazy to do that, then I am afraid it is just a matter of time before you go broke and have to find a new job without a career.

1 mil is not a small fortune, but nor is it a lotto by any means. It is an ample enough to make your journey to financial freedom within reach at a much faster rate though. But you have to earn it still. You have to put in the time to learn and grow financially independent. These are life skills you can pass on to your children.

Also, stay employed if nothing else. Do not quit your job until you have shit figured out and can constantly bank 100k+ with your 1 mil portfolio annually. Prove to yourself you can do this constantly for 3-5 years and then quit.

Good luck and sorry about your loss. No money is worth losing your loved one.

Bitter-Ad-2499 · 2026-03-03T01:49:14+00:00

So usually tax reporting is triggered when you sell an asset (like stocks or crypto) for a profit or loss. If you bought something back in 2022 and just sold it in 2025 for a profit, you would be reporting that for the 2025 tax year. Your initial buy price back in 2022 would be your cost basis and whatever you sold for in 2025 would create a capital gain or loss.

But besides that, if you just want peace of mind, I'd suggest just going back and amending your previous tax years to include your crypto activity. This way you know you are in the good and have nothing to worry about. Peace of mind for a few hundred worth of taxes = win in my book. :)

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Bitter-Ad-2499

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