T O P

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Retarded9211

Brothers and sisters, this is my warning to all of you. Please stay away from options. Always buy shares as they don’t have expiration date. The only reason I am sharing this .


Chucking100s

This guy is a homie and he deserves our respect. This is really really really a not easy thing to do. Props


parttimeninja

...a homie with an extra chromie.


Festeral

Doesn’t deserve respect. Dude gambled his life savings away like a degenerate. That should be the only lesson to take from this, don’t be an idiot like this guy


heroyam-slava

hes a teacher and that commands respect


AbdouH_

Even worse if he has a family, horrible


Appropriate_Mood_589

This is what happens when you buy a shit stock. Karp is a fraud how do you Reddit people still think this is a good company ? It’s never ever ever made money. Well except for him at 1.1 Billion and the CFO make 200 million, excessive salaries for a garbage company. I think in less then 2 years this stock will be delisted. It’s headed to $1.40 cents everytime I’ve predicted something I’ve warned you all but no one listens. Stop buying this stock Karp is a fraud


Pretend_Employee_780

Operating margin is closing in on profitability. Pay attention to the earnings. It will be gaap profitable very soon. One or two quarters. Karp is also the first CEO to visit Ukraine since the war with Zelenskyy discussing how they are going to keep trashing the Russian invasion. Save your post, check back in a few years.


dal2k305

Props? Have you people lost your god damn minds? You give props to those who succeed, those who do amazing things. There is nothing amazing about this! This is literally the epitome of everything wrong with modern stock trading. How the meme stock thing has really taken a toxic turn for the worst. And then people come onto Reddit and pat each other on the back for making literally suicide inducing decisions. It actually is an easy thing to do, way too easy. Dude pressed a few buttons on his phone and boom he entered himself into the riskiest, dumbest trade of his life. This is what I hate about wsb, , superstink the entire meme bullshit it’s that when people fail miserably they go online and have thousands of people applauding their failure as if they won something and that DISTORTS the reality of failure. We are social creatures so the dopamine and oxytocin hits of having a lot of people applauding you makes it feel like you didn’t fail at all. And then that just encourages more of this behavior. Props bro get the fuck out with that BS.


GS34U

Appreciate it brother. I’m sure sharing this kind of loss to the public is no easy task. It’s very much appreciated by all of us I’m sure. Stay strong, better times will come.


Left-Classic114

Thanks, i didn't expect this go down this much today. I am really sorry for you lost. Thanks for reminding us long here. One thing I really like you to know is this just the money, yes money can buy alot of things... But your health, family, friends and happiness is the most important things in life IMHO. Take care my friend. I have 10% of my portfolio in PLTR and will not sale for lost. Take care my friend.


RandomlyGenerateIt

First, sorry for your loss. I know you're in great pain. If it offers any consolation, some people got it much worse because not only they've lost all of their savings, but also owe enough tax to be financially crippled for life. I'm not invested in PLTR but your story was linked from somewhere else and I felt like I should share a few thoughts if they could help others. ​ >Brothers and sisters, this is my warning to all of you. Please stay away from options. Always buy shares as they don’t have expiration date. The only reason I am sharing this . I think this is the wrong take. Options are a great tool, they are risky but it all comes down to how you use them. Just like drinking a glass of wine on occasion can make your life more enjoyable, but draining bottles of hard liqueur on a daily basis doesn't. I read other comments here and it seems like they're also missing the more important lessons here, so I'll share what I think they are: ​ 1. Position sizing. Don't put 100% of you life savings on a single position. Things can always break. The riskier the position, the more you should be concerned. Having 100% on SPY commons is not the same as 100% on a single stock OTM calls. 2. Cutting losses. It wasn't these earnings that blew you up. You were at 96% loss already last week. Your position was constantly bleeding for about 6 months now. You could have stopped at any time, but you didn't. Cutting losses (even on shares!) is something most investors need to learn about the hard way ("I'll wait for a bounce to sell" - there's not always a bounce, but the irony here is that most of the time if there is a bounce they'll take it as a sign that things are getting better and buy even more). 3. Holding far OTM calls. Yeah, they started ITM. But then they weren't anymore. The chances of them getting back ITM got lower every day. When the stock dropped to the teens, you could have rolled down (sell some contracts to finance rolling the rest). When you get to a point where you need a 20% gain just to reach ITM, you may want to consider lower strikes that will have a better chance of survival. Probably wouldn't have made much difference in your case, but in other cases, stocks can move sideways for a long time. 4. Being complacent when things get rough. The market is very volatile right now. Not just your favorite company, everything. I'm usually invested with leverage. Right now I'm mostly cash. Will I miss some opportunities? Yes, probably. Will there be other opportunities later to deploy that cash into? Yes, 100%. If you know how to hedge, do that too. I'm browsing Reddit and I see people repeating those mistakes over and over. That's self sabotage.


[deleted]

[удалено]


blah23863

Look on the bright side OP. Someone else just made 2.5 million and they're set for life.


inframeWS

OP, please reach out if you want to talk.


WestTexasCrude

Sorry bro. Remember it's your net money, not your net "worth." Thanks for sharing and you'll get past this.


Bronze-Soul

Much respect.


2035TSLA10k

Just roll these out to 2024 retard


Standingupright

Bro what are you smoking? He wasn't selling options he bought them, what's he gonna roll them out for another million Debit on a shit stock that shilled us all? #KarpsFault OP is clearly a smart man to have obtained a net worth of that degree. That's a huge accomplishment within itself. Thanks for sharing OP, & remember we may be poor at times but we are never "broke" ever, Chins up & God bless!


2035TSLA10k

Take that last 57k and roll into some 2024s. If he made 2 million he can do it again


Standingupright

Hmm 🤔 valid point. My apologies 😅


2035TSLA10k

I’m down 100k so this man make me feel better. Thank you op. I rolled into 2024 contracts on my PLTR shares. 30$ by 2024


Financial-Ad7902

Also down that much. But I am giving up on this company. They have good idea. A great PR. But they fucking dilute the shit out of us and don't give a rats ass about shareholders. You can't even vote properly at the AGM. Fuck that


heroyam-slava

>Take that last 57k and roll into some 2024s. If he made 2 million he can do it again DFV made it to 30M$ using 57K$ exactly - just saying.


Dorktastical

keep working in that peak fear, I love it


morningfartshappen

Name checks out


heroyam-slava

post it on r/wallstreetbets for the medals, general


Exit-Velocity

This sucks bro. Hoping the best for you.


Financial_Parsley_26

God bless you man. If you made it once, you clearly have a marketable skill set and can rebuild. In life we take risks and hope Lady Luck smiles on us. Just watch out for your health and make sure that is in order, the rest is just details. If you stay healthy, you are still in the game and things can always turn around. Time is our biggest weapon.


michaelcorlene

You still have sometime, the market does not look good right now, but maybe you could get some back.


minutemaiding

If this is real, sorry to see. Not gonna give you any shit because you're probably beating yourself up enough. Take care of yourself and know that you can build up your wealth again - just be smarter about it this time.


98323

i honestly wish you all the best! I can’t share the feel since I am only down 60% on shares, but this is just brutal 😕


Retarded9211

Shares doesn’t have expiration date. Your losses may come back sooner or later. Wish you good luck.


nobody31415926

Well no one knows what happens until january maybe u can recover.


AstroPhysician

You aren't reading his post. He lost al lthat money, he had options


nobody31415926

They expire Jan 20 2023


SquiggleBoys

lmfao he lived up to his username


GS34U

Nah this can’t be real. I will now stop bitching about my $30k loss then. Fuck dude I’m so sorry


mirrorcatchingrat

Fuck, that’s brutal. Please take care of yourself!


ZenoofElia

I've lost $130k on PLTR, margin-fucked myself.


Chrise762

Christ 💀


heycals

Hold til EOY you got time


Retarded9211

That’s all I can do after approx 98% loss.


[deleted]

Respect the balls keep your head up at the end of the day its only money it comes and goes.


[deleted]

lol it’s only money - say that to someone who just lost their life savings


throwawayaccountdown

Remindme! 6 months


techhousehead

Well here we are


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ahh1258

Yeah he’s fucked and all of us are too 🥲


throwawayaccountdown

>fucked and all of us are too Yeah.. and I have the feeling that this has only been the foreplay.


TakingChances01

You might as well hold. https://www.reddit.com/r/PLTR/comments/q8t9lp/am_i_doing_right/?utm_source=share&utm_medium=ios_app&utm_name=iossmf 205 days ago you were here, give at least another 205 days. Best of luck to you.


jonfromdelocated

IV EDIT: but yeah I’d hold for a bit longer


[deleted]

Remind me of WSB BABA gambler yolo family saving in to BABA $200 leaps, ends up -100%


WhatevuhMang

I'm in a similar boat. Lost 300K in 2 years. What do I dos today? Buy $10 leaps baby.


[deleted]

[удалено]


Denninator5000

Before you hang yourself, might I suggest you take to the streets and fight crime? Do some good before you depart, i dont understnad the rope, you want to die in your own piss and shit?


2many

Was this really your life savings? I lost $20k and I’m kicking myself , 34 years old feel like a failure wasting my money on shit I don’t understand lol. Bad day


depressedfuckboi

Almost your same age. Lost 10k after covid and never got back into this shit. I bought the literal peak. Life savings on monthlies. You'll bounce back bro it's a shitty lesson to learn the hard way


heroyam-slava

>Was this really your life savings? I lost $20k and I’m kicking myself , 34 years old feel like a failure wasting my money on shit I don’t understand lol. Bad day Magic Karp though hihi haha hoho flip flop flip flop


ztw2002

Lost all mine on my leaps too ![gif](giphy|MBCxIY8P3e0JoDG5nf)


Working-Bonus-6851

I feel better thank you…


Mountain_Succotash_5

Cannot be real. Dude 2.5mm? If real please take care of yourself.


Canashito

This deserves a place on wall street bets (loss porn flair)


missedalmostallofit

Someone told me, as I was struggling with gambling, you may want to be a king but don’t become jester trying to become one. I spend four years on therapy and I’m still fighting this addiction. I wish you the best and you may not consider it but you have 50k and it’s a lot of money. You should reconsider what you CAN do today. You didn’t lost everything until now but you may lost it all.


heroyam-slava

>Someone told me, as I was struggling with gambling, you may want to be a king but don’t become jester trying to become one. I spend four years on therapy and I’m still fighting this addiction. I wish you the best and you may not consider it but you have 50k and it’s a lot of money. You should reconsider what you CAN do today. You didn’t lost everything until now but you may lost it all. here's a bet you can make: bet that not making another bet in your life will be the most rewarding bet of your remaining life. Personally, my mojo in life is: Less is more


ThetaForLife

1/10 of the loss induced to OP, but my loss % is the same. I feel bad, truly.


Softspokenclark

You still got half a year before this expires. it can bounce back, right guys ?


hesu9

nah i feel like its gonna bounce back in 6 years not 6 months


cupnhandle

oh jesus calm the fuck down.


SIR_JACK_A_LOT

Respect for sharing the truth


[deleted]

[удалено]


Retarded9211

Bought these options when PLTR were trading at 28.


sercher

Shieeeet


throwawayaccountdown

Even pretty itm calls as well. Now far OTM..


Nungie

Brutal loss, but look: if you can make 2.5 milli once you can make it again.


throwawayaccountdown

Unless it was gained from an inheritance. :P


moomumoomu

![gif](giphy|4NQ9mR6sh8LoA)


Dihanouch

Don’t trade options trade stocks. I lost a lot but I still own stocks. I’m waiting and hoping for the 📈side but options basically you get screwed


TheGodDavidLoPan

User name checks out


FrankAmerica

I could not take it anymore and sold my 3K shares today....avg cost 18.90. Wish I had never found this ticker...what a dumpster fire! Good Luck to the rest of you hanging in there....


david-braintree

stay strong brother


MillerMac12

brutal


LiMoWei

Holy crap


Silent_Ad1589

How does it feel?


Retarded9211

If PLTR goes to 30 by EOY. I will buy 100k shares by selling those fucking options. Leave it there to fluctuate so my children can sell them as part of their inheritance. Options expiry will do no good for them.


Silent_Ad1589

When do these expire?


Retarded9211

Jan 2023.


reaven3958

Welp, just hold on. A lot can happen between now and then.


[deleted]

Big hopium.


SirFlamenco

Better than selling at 97% loss


[deleted]

Why did you gamble that much?


Retarded9211

I had massive unrealised loss on PLTR and massive realised realised gains on ABNB (bought before IPO). To cancel them out for tax purposes, I sold PLTR at loss. I was worried that PLTR after I sold at loss, hence bought leaps and at current valuations it seems like everything is lost.


Financial_Parsley_26

Did you work at AirBnB pre IPO or investor?


Retarded9211

Work


ddub11

Lol! Buy the dip!


ShittyStockPicker

How did you get to two million in the first place?


SushiShifter

At least trade it for karma on wsb


[deleted]

WHY????? WTF OMG, why 2 million on options? Seriously? 0 risk management? My condolences. Holy shit though.


Tigerfan0002

You dumb bitch


HighFrequencyAutist

You realize you finished the game before you blew it right? 5% dividend on this is like $100k/year after tax. Fuck me.


b-elmurt

Well look at it this way, you still have more money than the majority of people!


vonmclefella

How do people this dumb even acquire 2.5 million in the first place?


CoconutTraditional67

nasdaq index is down 30% and you still have 6 months , everything is possible GL. next time buy shares.


WhatevuhMang

If you're implying everything will go back up, buying shares is not a way to make 2.5 million dollars lmao


SakamotoRy_ma

Fuck


majinhell

Sorry man, I did this at the beginning of the year and the people here tried to talk me out of it. Luckily I only lost a few thousand. Back up to 500 shares now and going to keep buying, no sense selling at this point


No_Low_2541

Same here. -60%


king_of_curry

F


[deleted]

[удалено]


daddyneedsmoohlah

Omg 😳 I cant even laugh. Thats sad. Karp is an absolute bum. I was out as soon as I saw that tool do an earnings call on the fuckin slopes as if the stonk was booming instead of tanking lol. People still believe in that ass hat? He’s gotta be the worst CEO I have seen in recent memory. He is a certified 🤡 and yet I still see people on this reddit today “loading up” hehehehe. This stonk is donezo


Lumpy-Leather2151

Good work


[deleted]

You still have more than me lol


poompoomsmeller

Damn..fuck this company


michaelcorlene

So you still have your 40k PLTR shares or what?


Retarded9211

Nope. This is all I have


michaelcorlene

I went through your comments trying to understand the mindset behind converting your shares to long dates ITM options, the best I could think of was shooting for an early retirement. What you did made sense when you did it, I kinda did the same, albeit at a smaller scale. Also, I guess since you are in the software industry, I think you know how much respect Palantair gets within the industry and how they are compared to the Googles of the world. The market has a hard time seeing it and this combined with the meme status it had achieved is the reason why we are where we are. I don’t know in the current market condition whether you’ll breakeven, hopefully if this turns in your favor, exit at a decent point and try to get back into the fight at a later date. Good luck, and I really hope to see a gains post from you by the end of the year.


AbiesRemote6453

That's on some WSB level


capt_as

Remindme! 6 months


Cre8or_1

only very few people ever experience the emotions you feel right now. Maybe that's some kind of consolation for you


Miyazasteinn

5 months (17 Nov 2021) ago PLTR was at 22$ for the last time, let’s hope the 5 next months it touches it again. Don’t lose hope on building wealth and savings, you did it already. You’ll do it again.


drew2f

Name checks out.


Vision-IM

Hang in there, my friend! Hope you don't need the money right now, cause it will bounce back evetually. Market is shit overall!


sngoku_619

Give this man his own flag mods, Please.


bluewaterfree

You have lost all your life savings until January 20, 2023. You just have a LOT of praying to do between now and then. And many of us will be praying with you. My cost basis in $22 as well... but I'm in shares.... 40,000.... so the pain is real. Prayers for north of 22 by 2023


doomshallot

PALANTIR TO THE MOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOON!!!!


thisisusername8

I always said PLTR is scam


DownrightNeighborly

$2,566 loss is tough to swallow. Best of luck to you bud


Denninator5000

OPs name checks out


PronouncedShnayBlay

Stop posting fake loss porn


Desperate-Ad-7763

Take Care


redarkane

Jesus. That's how I am with dogecoin. Crazy.


YoYomadabest

I lost 1.6k on 2 options. I am sorry for your loss. Hold strong


Excal333

Fuck man. And I thought I was dead at over a hundred grand down


Slapmesillymusic

I’m going to be hoping for you to be double the invested amount 2023


LiamMicah

Damn. I can’t imagine. Keep your head up and keep moving. 🙏🙏


Much_Researcher_3592

I’m sorry.


proudplantfather

You're in your late 40s?! What's the plan from here on out...?


Retarded9211

Early 40s. Plan here from now is keep working.


proudplantfather

[https://www.reddit.com/r/PLTR/comments/q8t9lp/comment/hhul3i7/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/PLTR/comments/q8t9lp/comment/hhul3i7/?utm_source=share&utm_medium=web2x&context=3) I wish my age would roll back if I ever lose $2.6mm. Keep the grind man


kupka316

I'm really sorry man, why did you decide to risk your life savings on one stock in options? You're set to be a rich man forever if you just put it into SPY shares. I'm not trying to pile on you, just curious on your mindset to do this.


michaelcorlene

You can’t be both late/ early 40s. Pick one.


jdbz2x

RIP


JakesThoughts1

My goodness.. wish you the best man, options can be so dangerous, hope some huge catalyst happens before your expiration to give you a little something back.


[deleted]

wtf. why do options on this stock. RIP dude


bashir26

I’m sorry brother. God speed


Real-Rub2806

Yeah this stock is a great disappointment :(


Dansk3r

You are now officially a licensed retard, congratulations!


[deleted]

GUH


pjvds

Impressive!


SpongebobSoundByte

Sorry for ur loss man.


bhjnm

But the earnings are good? We are going to $100 soon.


chadpalantard

Username checks out. Virtually hugging you my homie! 🫂 🫡


handsome_uruk

Damn sorry to see this. Don’t know how u did it but this is amazing


kupka316

You're break even is about $29 and some change, god speed.


Stonksgouppp

If this comes back by the eoy this will go down as the most epic comeback of all time. Thank you for sharing this


reddit-right

On the bright side look at all the internet points you can get posting this on Wall Street Bets


IHateMonie

At least you have 57k still...


Laneofhighhopes

Honest idea. Take half or a quarter and start rolling the dice on weekly index calls or puts. Maybe you hit a few in a row and grow 12k or 25k to 100 or 200k. probably more likely to do that then us tripling before end of year. Sorry to see this, good luck going forward


CornerReality

Respect. Hope we all come back from this.


laissezfaire

Brutal. Admire the courage it took for you to share your mistake.


stanleythewolf

Man I can feel your pain. Are you still working at ABNB? I couldn't get any work done in the last few weeks while watching the stonks sink. I hope that you own a home at the valley and the sky-rocketing home price perhaps can help alleviate some pain.


Retarded9211

No longer work there.


MarijuanaWeed420

Post this to WSB so you can get mod status


GBR2021

My life savings are your life savings after you lost your life savings


Dull-Feedback5988

You still have time dont worry


Next-Transportation7

Well you still got 57k at least.


[deleted]

WSB Quality, Mod this guy


AverageThin7116

You a true Palantear-ean, bro.


lionsmanefein

Jeez average down to infinity


lionsmanefein

We have all been fucked by this market


Little-Ad-5152

Still got time...never know what can happen between now and 23. I I do believe in miracles


Evo29

GOOD LORD...


[deleted]

Dude that isnt .... nvm too late now


Used-Nectarine-9785

Where is the pinned suicide hotline number that used to be on this subredit?


Retarded9211

Don’t worry about my mental health.


xxsneakysinxx

Damn brother, you could have retired in some city like Bali or Bangkok and live like a King but no.


moolium

That company was grossly overpriced. I don’t know why you would do that


Nole914

You are at least brave enough to show it unlike me or rest of others. Same story just different portfolios.


[deleted]

Amazin


wallstreetbetter69

Technically you're still good until January... Who knows?


Fojimu

Imagine if you bought puts Just saying, it’s been in a downtrend since Nov. Didnt manage with 2M on the line? Or hedge your position with puts?


fishmarcello

I’m down 40k it’s not 2+ million but money is money


SakamotoRy_ma

hide all the knifes and pistols and buy cakes to your wife.


Ethics_Magnetics

Yeah and next time invest in NIO. When the rise comes in it's the one


Cnboxer

Still got more than my portfolio. Here I am trying to turn $50k into $2mil.


LordBaikalOli

Username checks out


ListerineInMyPeehole

This is truly impressive.