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/biz/ - Business & Finance


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19688360 No.19688360 [Reply] [Original]

Lost 90% of my portfolio. Thinking about suicide is the answer.

Any advice from other people who lost their portfolio's?

I lost it by trying to double, triple, quadrouple down on a failing option and trying to fix it.

>> No.19688372

how did u get the 180k to begin with? what did u start with? do you have that now?

>> No.19688390

tell us what you did and i'll replenish your portfolio by .001%

>> No.19688405

Easy: don't try to double, triple, or quadrouple down on a failing option. Always hedge your bets, even upon things you assume may be certain.

>> No.19688423

>>19688360
How you gonna make the money back if you’re dead anon?

>> No.19688444

>>19688423
Math exists in heaven, so mathematical ideals exist in heaven, so turing machines exist in heaven, so Bitcoin must therefore exist in heaven.

>> No.19688452

>>19688360
>I lost it by trying to double, triple, quadrouple down on a failing option and trying to fix it.

dont beat yourself up about it, with that mindset you were never going to hold onto your wealth anyway

poor is your natural state

>> No.19688453

>>19688360
The stock market is a place where you can make a small fortune from a large fortune.

>> No.19688455

>>19688360
Seriously, not just you, but many /biz/tards need to ask themselves more "what happens if I'm wrong about this? Is that a risk I'm willing to take?"

>> No.19688495

sort of off topic but do you guys remember when the go to meme was about investing in kneepads and shit?

is that oldfag? am i oldfag?

>> No.19688497

>>19688360
shit happens anon, it's just a number
unless you went into debt for this money dont even think about suicide, you will make it all back
I lost over 250k on leverage trading
traded all the way up from 2k$. bought ETH for 20$

>> No.19688520

>>19688360
I went 10k to 200k on my first time playing options

Lost it all within a week because of trying to fix a mistake. so i'm actually up 10k. But my life is already so poor, that this is tipping it for me.

If you want to know what made me 200k
it was doing options on HPQ a week ago.

>> No.19688557

>>19688495
I'm a newfag on /biz/ but I've definitely seen people say that here.

>> No.19688628

>>19688360
Lost 45% of my portfolio today by trying to flip bear to hedge my losses and lost on both sides. Shit happens, minimize risk and use investing as a saving tool. And don't use helium, they put oxygen in nowadays.

>> No.19688644

>>19688360
I used to work in a gambling anonymous center. you should just lose the last 10%.

Most addicts universally say that losing everything took the pain away...it removes the urge to "fix the situation". As long as the 10% remains, lots of addicts will be tortured by thoughts of what they lost and how they could fix it.

Take the 10% out and spend it on something. No use having that around to remind you.

Then the healing can begin and you will get over it. You will find peace with it and accept it in time....look man I went bankrupt before because of a confluence of events all hitting same time (out of work, car broke, divorce, etc).

It happens to a huge percentage of people.

>> No.19688706

Don't bro. It only took me two years to recover. Life is good again. Do gym n sheet. Worked for me.

>> No.19688724

Just buy calls on a company too big to fail for October or further out.
WFC is pretty much guaranteed to go up

>> No.19688747

>>19688520
So you went from up 2000% to up 100%. kys

>> No.19688777
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19688777

>>19688360
this is why stocks are safer.

>> No.19688812
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19688812

>>19688360
I lost 5 % today

>> No.19688935

Always cut your losses as soon as you can. Your strategy wasn't sustainable and you shouldn't have even had that much money to begin with if you were doing things right. You were gambling, not trading or investing.

>> No.19688989

Go on a vacation to Thailand with the money you have left. Just go wild and have fun. Bang whores and do drugs. You need a reset bro

>> No.19689083

>>19688644
Based and wisdom pilled.

Listen to this guy OP! I went from 3k to $400k in the 2017 crypto bullrun. I lost everything by September 2018 trying to make up for my losses by doubling and chasing and taking bigger and bigger risks. I did end up spending 65k of the 400k but by September 2018 I literally had 2k left. It's now 2020 and I am fully over it, although the first 6-8 months were torture and depressing and a lot of soul searching. I routinely took shrooms, ate edibles, micro-dosed LSD, and isolated myself so I could understand why I did what I did to lose all that money. I learned so much about myself and all the ways a part of my psyche was sabotaging my progress and my success. I learned who I could trust and who was happy for me to fail and fall flat on my face. I learned to humble myself and destroy my ego. Some months later I ended up learning a new skill online and ended up making money freelancing as well as being an uber driver. By early 2020 I had about 5k saved up and all my debt paid off and I decided to try to get back into crypto once again, this time with a principled and disciplined approach. As well as no lofty goals of making millions of dollars. Instead, I was prepared to lose it all the moment I converted my fresh fiat to BTC. And since then I have 8x'd my money. And the best part is I'm doing it disciplined. No all-in shoves, no emotional trading, I walk away easily if I get superstitious, I always hedge, I always look at the negative outcome first and plan around it. Never have I been so easily able to sit on the sidelines watching a coin pump, pump, and pump without feeling an ounce of fomo for selling at a 25% profit. In 2017 this would have killed me and now it's a piece of work. Most successful traders have tons of experience and time in the market. You have to learn a lot about yourself AND more importantly, you have to fix all your issues as they come.

>> No.19689097

Youre up 10k, it's all about perspective. It was luck that got you to 190K, it was balancing itself out thats all.

>> No.19689157

>>19689083
wtf you fuckhead after all you lust 1 k , who cares?
just go and start again

>> No.19689189

>>19688360
Why did you bet so big on an option play?

>> No.19689191
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19689191

>>19688360
You can make it back
Nflx plunged 90% in 2011 and now is up over 10,000% since

>> No.19689208

>>19689157
you could make that back in 2 weeks at mcdonalds after minimum wage laws

>> No.19689217

>>19689157
No, I lost a lot moron. You don't know what I did. You act like I held 400k for 3 hours and then lost it all. I held 300k in crypto for months at a time. That was my money. That was not unrealized gains. Dum fuck.

>> No.19689220

>>19688360
>be suicidal
>find /biz/
>start learning about investing, analysis, etc
>have managed to buy the top and sell the bottom 3 times
>getting wreckt trying to trade crypto
>missed out on $20,000 gains by setting a stop loss on a bio penny stock that blew up the week after my stop hit
>friend who didnt even know what options were and how they worked until I showed him ends up making a ton of money
>feel even more suicidal

>> No.19689227

>>19688360
90%? Meh. Done that twice so far.

>> No.19689231

>>19688444
Those are some nice digits

>> No.19689236
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19689236

>>19688453
The stock market is a place where wealth is transfered from the impatient to the patient.

>> No.19689485

>>19688644
actually good advice
2 members of my family were degenerate gamblers who lost almost everything the only thing that fixed them was Christianity

>> No.19689609

>>19688360
It doesn't matter anon, money is paper and your last shirt got no pockets.

>> No.19689767
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19689767

>>19688520
>>19688360

I guess the rope is the only solution for that

>> No.19689798
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19689798

>>19689220

Your friend prob. did some losses at same amount. Options are bullshit. And should be punished by death

>> No.19689799
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19689799

>>19688360
let sminem decide
roll for your fate

odds = kys
even = get even

>> No.19689801

how the fuck does this happen? at some point dont you think of cashing out a big chunk of those gains?

>> No.19689878

>>19688360
why would you kill yourself when you still have so much to live for besides wealth, think about it and cut your losses. Go live a life where you stop chasing things that don't really matter like money (think sunk cost fallacy).

>> No.19690362

>>19688360
Take walk , forget about your investments.
Check back in a year.

Never sell at a loss*, us that hard to understand?

*except if complete collapse is imminent (ie company is going bankrupt/shitcoin exposed as scam/bug in code) or you were swing trading and you made the wrong call (and not willing to wait).

>> No.19690810

>>19688360
Nowhere close to your loss but I lost 12k in crypto a month back and felt like total shit. I managed to get in early to STA then used @uniswaplistingsfresh to get to around 30k in profit by getting in early. There is always a way anon, don't be too hard on yourself.

>> No.19690827

>>19688360
I lost three mill and I'm gonna make it back. Hang in there anon it gets better.

My team is launching a token on uniswap and many other exchanges in a week. Join here:

https //discord gg/ 2g 2F tWM

>> No.19690853

>>19688520
Lots of fags bet options. Just invest in $ROPE

>> No.19690860

>>19688360
Obviously you should buy 1000 LINK and then open a leveraged position on LINK with the other 6K at 10x but only take a position of about 1500 to 2000 so you can withstand some swings.

If that fails rope yourself but if you wait at least 5 years you won't have to work anymore. I guess depends on how long you can wait, but it sounds like you are impatient. Don't try and swing the 1000 LINK either you are clearly not equipped for that.

>> No.19690868

>>19689083
What coins/token were you in for those gains? And if you were here in 2018 then why did you not have a good amount in LINK?

>> No.19690878

>>19688360

Dump your money into orion protocol, make it back in a year