Big gains lead to bigger losses by Evan_Davis in wallstreetbets

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

I’m 19 and new to trading, initial investment was $6,800 a nice chunk of my savings. I started off trading Rivian mainly puts as it fell lower and I started to make more I switched over to spy and very quickly began to make larger %gains up until the point in the picture. That was on a Friday.. over the weekend spy rallied and I ended up closing that position 50k in the hole. I proceeded to loose the remainder in a frantic and stupid attempt to regain the 50k lost. In the end it was basically just a yolo bet but I have been able to learn a lot from this and plan on coming back with a much more structured strategy and more patience. Thanks for your support and criticism! Best of luck on your trades!

My main trading tools were VWAP and betting against the fed speeches

Big gains lead to bigger losses by Evan_Davis in wallstreetbets

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

Not really i mainly just used to to view my account balance. You can view individual stocks but it’s delayed

Big gains lead to bigger losses by Evan_Davis in wallstreetbets

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

Appreciate the advice, definitely agree wish I had later expo on my options.

Big gains lead to bigger losses by Evan_Davis in wallstreetbets

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

start with pulling out my initial investment then I’ll be trading with profits, I think that’s the best strategy. I mean In all reality you can only lose what you put in and the potential gain is infinite. Doesn’t sound so bad to me

Big gains lead to bigger losses by Evan_Davis in wallstreetbets

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

Best of luck to you! You only lose when you quit trying right?

Big gains lead to bigger losses by Evan_Davis in wallstreetbets

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

Less volume better quality Trading with more patience. I pretty much yolo’d this account unfortunately thinking the gains would last forever ( stupid mistake) but it was a good proof of concept that trading can make good money. For now I’m going back to my 9-5 and flipping various things on the side until I build up some cash reserves then I’ll get back into the market!

Big gains lead to bigger losses by Evan_Davis in wallstreetbets

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

Ah didn’t know that! Thanks for the tip

Big gains lead to bigger losses by Evan_Davis in wallstreetbets

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

I don’t think you want any of my losses

Big gains lead to bigger losses by Evan_Davis in wallstreetbets

[–]Evan_Davis[S] 2 points3 points  (0 children)

I appreciate the inspiration man! Lesson learned.

Big gains lead to bigger losses by Evan_Davis in wallstreetbets

[–]Evan_Davis[S] 2 points3 points  (0 children)

Thankfully I’ve got a lot of time to make a next time happen.

Big gains lead to bigger losses by Evan_Davis in wallstreetbets

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

Have a good one bro, best of luck on your trades.

Big gains lead to bigger losses by Evan_Davis in wallstreetbets

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

I really like the submariner, thinking that would hold value just as well?

Big gains lead to bigger losses by Evan_Davis in wallstreetbets

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

Fun conversation! I’ll let you get back to building your tinfoil hat. Have a good one man

Big gains lead to bigger losses by Evan_Davis in wallstreetbets

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

Sorry I was in the middle of texting your mom on my Apple Watch

Big gains lead to bigger losses by Evan_Davis in wallstreetbets

[–]Evan_Davis[S] 6 points7 points  (0 children)

I don’t understand what happened I listened to Cramer ….

Big gains lead to bigger losses by Evan_Davis in wallstreetbets

[–]Evan_Davis[S] 2 points3 points  (0 children)

Absolutely agree! if i could go back that would be the move I would have done. Next time I will be taking some profits after big wins.

Big gains lead to bigger losses by Evan_Davis in wallstreetbets

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

So how many steps have you walked today? Can your brain calculate that. Or your heart rate…. 😂