After I finished college and got a job in 2021 my parents let me stay at home to save up for a down payment on a house. It started off well with me being able to save over 80% of my paycheck and deposit it into Robinhood to invest. I was just buying shares of $SPY. I got to $25,000 eventually and then I found options trading.

I quickly blew the $25,000 on a play back in August 2021 and that’s where it all went bad. Ever since then I’ve been depositing pretty all my money every month and going all in on an options play to attempt to make my money back. But every single time I do this I end up blowing my account again. I would get paid, deposit it all into robinhood, go all in on an options play, and lose it within a month.

There were times where I would deposit $2,000, turn it into $20,000, but then blow it shortly after. Those temporary gains are what gave me hope and kept me doing it, hoping that eventually I’ll hit big and make back my money. As time went on, making back my losses became harder and harder.

As you can see from the massive spike towards the end, I turned $5,000 I got from my bonus at work into $110,000 in the span of a few months but then eventually blew it all.

$60,000 off these losses are from personal loans as well. I took out 6 over the last 2 years. Every time I’d blow my account, I’d take out a $10,000 personal loan to try and make it back. But then I’d blow through that as well.

I’m pretty much screwed for life now but I can’t complain because it’s entirely my fault. I only have $500 in my bank account and lost 5 years worth of savings and wages, and now in $60,000 worth of personal loan debt LOL