I feel your pain. It’s a hard feeling to Dalmatian 101 Days Smarter School Teacher Shirt see money go down the drain like that especially when you’ve worked very hard to build that equity over time. This wasn’t investing, this was blatant gambling. I know it’s a rough experience but none of these were smart moves. You took MASSIVE risks to hit a homerun and unfortunately you didn’t. This wasn’t a once in a decade pop, TSLA was oversold for most of last year and hit a 3-yr low in the fall. If it was due for a breakout, that last earnings call was the icing on the cake.
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OP is implying that all the gains were the Dalmatian 101 Days Smarter School Teacher Shirt result of smart moves/his skill, while this loss was unlucky and the result of the market is completely irrational. There will always be irrationality in the market, otherwise, everyone would have been doing what OP was doing, and everyone would be rich. Shorting stocks with anything over 10% of your portfolio is essentially gambling for even knowledgeable casual investors. He was eventually going to make a mistake and it’s a hard lesson to learn.
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“I turned 20k into 80k in one night using a few different strategies. I waited for the ball to land red a Dalmatian 101 Days Smarter School Teacher Shirt a few times and then put everything on black. I bet smartly, and switched back to red when black started coming up suspiciously often”. What makes it worse is that the markets have done pretty well in the last 5 years and some stocks such as tech have grown by multiples. That has given a lot of people the false impression that they’re good investors when in reality they’re just investing at a time when it’s hard not to make money.
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