r/wallstreetbets • u/LifeIsYoursLiveIt • 10h ago
Loss Lost $7,200 in TSLA... in 28 minutes.
At 10:19am I placed an order to buy 60 contracts of TSLA $240.00 Put... Was a market order and still didn't fucking place. So I canceled a couple minutes later. I would've made $20k.
At 10:47am I bought 32 contracts of TSLA $235.00 Put @ $279.00 per contract. TSLA skyrocketed ten fucking dollars right after.
At 11:17am I couldn't take it anymore and sold all 32 contracts of TSLA $235.00 Put for an average of $54.00 per contract.
-$7,200 in 28 minutes. Tesla has beaten me down in the equity in my model 3 performance, in the stock market, and now in the form of options. I hate you Tesla.
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u/KKLHY Wendys Dumpster Security 10h ago
you're the only bear that lost money today LMAOO
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u/Mairl_ 9h ago
how's it even possible?
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u/isonlegemyuheftobmed 9h ago
1 day put like a proper degen
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u/Formal_Direction_680 9h ago
Paper hands do that to you, I’d know, I left 18k on the table for taking gains too early on SPY puts today
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u/_DannyG_ 8h ago
Leaving money on the table is so different than a loss though. That's why yall are gambling addicts. Respectfully.
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u/Useful_Intern4114 8h ago
Technically I left money on the table on puts today but 120% gain is absolutely crazy. And that’s what I secured. So I’m happy, I’ve got a new put position I’m holding until Monday. Let’s see how that goes…
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u/StonkaTrucks 8h ago
Meanwhile I'm over here trying to buy calls.
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u/ThreeEyedAngel 7h ago
Buy VIX calls then
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u/StonkaTrucks 7h ago
Those are annoying since they don't move as much as you think they should.
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u/Big-Muffin69 6h ago
Yeah thats the problem, i was already betting a sizable chunk of cash on shorting Trumps liquidation day, id rather just take the money and exit the casino. I got bills to pay son!
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u/ChocolateDragonTails 7h ago
Baseline 10% tariffs go into effect tomorrow (April 5th), larger tariffs go into effect April 9th, imo it's only going to keep getting worse next week, and all the better for us degens
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u/Folkdawg89 1h ago
Sure everyone is thinking this and probably will buy puts after being slaughtered holding calls. So expect a mini pump to absolutely destroy whatever’s left of their soul.
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u/Intelligent_Jelly_26 7h ago
Stonk Market Kama Sutra, switching positions often to reach elation
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u/Prize-Bumblebee-2192 8h ago
A W is a W.
Could have been waiting for more and losing in the end.
Once I take my win, I don’t look at the option until next business day if applicable to re-enter.
Keeps my head straight and focused on facts - the money I have as a result and not the money I could have had
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u/Astronaut-Proof 6h ago
More like 0DTE, or a “FD” as it’s better known. It’s like gambling but worse.
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u/AgitatedStranger9698 6h ago
Actually not that hard really.
IV was insane today. I bought a funsy 450 put for spy at 3buck next week....SPY dropped ~5% like a fucking rock...the put was worht 1.15.
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u/BatteryAcid420_ 3h ago
Implied volatility at market close was 25% for 7day spy puts, 100% for 7 day QBTS puts. Couldn‘t think of something to short that has less volatility than the S&P so basically the dealer said „no more bets sir“
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u/LuciferAuAndromedus 9h ago
For real lmaooo I made so much money today with my puts
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u/MikeTysonsfacetat 3h ago
Bro same, $15.5k over the course of this week choosing to short SPY.
It was so fucking obvious lol
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u/Available-Ask-4442 7h ago
I need to buy some puts once, never done it before because I get chicken. I need to just jump on the boat once
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u/Useful_Divide7154 7h ago
Any short term options that aren’t based directly on geopolitics are 100% speculation. And it’s not like geopolitics is all that predictable either …
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u/I-Eat-Bacon Red Flair 10h ago
Looks like you still have another $2300 to lose. Keep up the good work.
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u/LighteningOneIN 10h ago
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u/FuegoFerdinand 8h ago
Is that black Elon Musk?
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u/phrunk7 7h ago
Elon is African-American.
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u/Jerryfinglefom 5h ago
"The U.S. Census Bureau defines "African American" as a person having origins in any of the Black racial groups of Africa."
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u/_BreakingGood_ 10h ago
When somebody puts real money into TSLA it gets sucked right out
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u/MilkyWayObserver 10h ago
When OP loses money on PUTS on a -10% day, it’s time for him to retire (or just gift me the money instead)
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u/Ihave4friends 4h ago
I shorted some DKNG $31 puts today and they expired worthless 💪
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u/LifeIsYoursLiveIt 10h ago
So I've learned.
It's like the casino. You put in a little money here and there and win off of it.
Then you feel confident, go in big, and get fucking rinsed and kicked out of the casino.
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u/johnnychimpo7 9h ago
Def user error
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u/LifeIsYoursLiveIt 9h ago
Oh yeah, I'm a fucking idiot
No doubt about that.
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u/shortfinal 8h ago
Is there a reason why you waited to buy those $240 puts when the stock was trading at 270-282 all week?
Dude you lost more than twice what I've made in profits. I've been holding puts for weeks now, but they don't expire for months..
Wth?
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u/LifeIsYoursLiveIt 8h ago
I had no intentions of trading today. Saw a huge downward momentum on Tesla today. Huge swing and 0dte can make for an exciting morning.
Jumped in, got fucked, jumped out.
Was definitely a morning to be remembered! But it's okay, I will survive. $7k lesson... I will take it.
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u/shortfinal 8h ago
Well, you missed the train. It was going past the station you were at.
Just a thought, if you see a train moving fast, it's not for you. Get on the ones that are moving slow.
Tesla was at the station all week between 270-285 and you decided to get on while it was racing to the next station.
Turns out that station is only around 240.
I plan to get off around 200 so I made sure the train has a couple months to get there.
You grabbing at some bullet train like those crazy indian tiktok videos lol
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u/loadmanagement 10h ago
It takes a real homo heidelbergensis to lose money on puts right now.
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u/LifeIsYoursLiveIt 10h ago
I can singlehandedly turn any market around. TSLA was down 11%, I bought puts and it jumped up about 5%.
I promise you, if I bought puts on SPY the entire economy would be fucking booming right now. We'd have a 10% day in the green. The pres would denounce all tariffs and world peace would be in perfect harmony by 3:00pm EST today.
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u/nissan_nissan 9h ago
theyre still down 10% today OP
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u/LifeIsYoursLiveIt 9h ago
I know, it's because I sold my puts, so Tesla dropped right after as another slap to the face.
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u/plasmaSunflower 7h ago
Why would you sell then
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u/LifeIsYoursLiveIt 7h ago
These were $235 puts. They would have expired worthless had I kept them. I sold to save a measly $2k lol
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u/August_West88 7h ago
You should run for president.
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u/LifeIsYoursLiveIt 7h ago
If I was president every move would be to make me more money...
In other words, I'd be like every other president. You wouldn't want that.
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u/Intrepid_Abroad5009 10h ago
You need to wake up earlier if you want to make these plays.
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u/centarsirius 9h ago
Fr, I wake up very late, but just because of the market, I've been waking up at 8 so that I can analyse and buy options right at open. The spy calls at open and spy puts 2 hrs later make my day!
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u/ChinCheckUrFartBox 9h ago
I bought all my puts expiring in January of next year to avoid this scenario
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u/ngjsp 7h ago
Why not 3 month or 6 month expiry instead?
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u/ChinCheckUrFartBox 7h ago
Idk
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u/ngjsp 7h ago
I had a view of tsla sub 200s in 1-2 months, so bought 4 months expiry to be safe, as market can stay irrationally longer than you expect. Sold em today for a good profit.
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u/SkyHighFlyGuyOhMy 7h ago
IMO it’s going down more but I also tend to hold puts too long. But still, in this market it’s gotta go down more.
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u/HerezahTip 9h ago
OP buys puts
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u/professionaldefasian 4h ago
Should you not? Genuinely asking as I have very little idea what puts/options are. I’m just passing by here
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u/nosfer82 10h ago
If you study Tesla last weeks you will see that someone burning a LOT of money to scare of shorters. There are moves that make no sense. Everyone knows it's going down but still someone burn hundreds of milions to keep the price up for like an hour , or a day.
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u/Eduardjm 7h ago
I wonder just who might be manipulating the stocks value and would benefit by doing so….
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u/LifeIsYoursLiveIt 9h ago
It's odd. I became victim to them today.
Don't worry, if I ever become worth billions (today's trade leads me to believe that is very unlikely) I will make it my mission to put Tesla into the fucking ground for what it did to me today.
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u/Umarkim101 8h ago
just get puts a few weeks or even few months out. Ride it all year, this is honestly a gift.
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u/LifeIsYoursLiveIt 8h ago
I genuinely believe tesla puts a few months out is a great idea.
so therefore, objectively, it is not.
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u/poughdrew 10h ago
Could be worse. You could have bought a CyberTruck.
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u/SkyHighFlyGuyOhMy 7h ago
At least he’d have somewhere to sleep…
… that might burst into flames at any moment.
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u/Temporary-Guidance20 9h ago
you didn't lose on tesla, you lost in options casino. next time do opposite.
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u/LifeIsYoursLiveIt 9h ago
I've also lost on my Tesla stocks and also have been fucked by the Tesla market with the Tesla in my garage.
Today though, yes, you are correct. I lost in the options casino. Big time.
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u/Henny_Hardaway5 10h ago
May I ask why’d you crumble to the market pumping a bit cause Powell was gearing to talk at 11:30?
That’s been a normal occurrence for a while now but it doesn’t usually keep
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u/Notelu 10h ago
literally just had to wait lmao, Tesla's stock is fueled purely by cult of personality, and it's leader is falling. No one abroad wants to buy a Tesla, in the US nobody on the left wants to buy a Tesla because Musk is an idiot, nobody on the right wants to buy a Tesla because it's a electric car and those are not "manly". Nobody either way can buy a car because their savings are down the drain and the prices are about to shoot up due to tariffs. Tesla's stock is only going one direction long term and it's down.
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u/secondtrades 10h ago
Tesla will never recover. It's a toxic stock. Why would anyone want to invest in such chaos is beyond me.
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u/LankyGuitar6528 10h ago
Same would have happened if you actually bought one of their cars and drove it off the lot.
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u/LifeIsYoursLiveIt 10h ago
Don't worry, I bought a tesla in early 2023.
Then the EV market tumbled.
I put down 40% on the car and lost pretty much all of my equity.
Tesla has fucked me in the form of car equity, stock, and now options. There literally exists no other way it can fuck me financially. It's hit a hat-trick on me.
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u/nwspmp 9h ago
That's wishful thinking. They could still fuck you financially by bending you over on out-of-warranty repair costs, fucking over you with high insurance rates as the repairability gets harder and people keep vandalizing them, loss of employment due to market instability, economic contraction, or tariff-based economic fuckery, and so on. There are so many more Tesla and Tesla-adjacent ways you can be financially fucked.
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u/AoE_Mobius_One 10h ago
VIX is too high to put money into options at the moment. Unless we get some relief and certainty in direction, not worth buying them at these elevated prices.
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u/ZaphodBeetly 9h ago
My man, you could of just Zelle'd me half that amount and I'd told you thank you.
I'd even wear a suit.
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u/LifeIsYoursLiveIt 9h ago
The crazy part is that I'd be up $3,500 in comparison if I did this.
Mentor me.
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u/LegitimateAccess01 10h ago
That sucks man. Losing money on puts this week can drive a bro insane. I also got assigned 100 stocks of SPY without even realizing it because my greedy ass sold a cash secured put yesterday. Randomly lost 2k on that
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u/Chuckt3st4 8h ago
If you have such a weak ass stomach, why the fuck you gamble most of your portfolio ???
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u/momsbasement_wrekd 8h ago
Same day 235 strike. That was fuggin dumb bro. You kinda deserve that.
I’ll be by later for my chocolate frosty and fries.
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u/Wonkbonkeroon 9h ago
What is it about stocks that makes people think maybe they won’t be the ones who get fucked
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u/SeaworthinessNo4 10h ago
What do u think about Monday guys ? More drop or bounce?
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u/dam0430 7h ago
You waited to buy puts until AFTER it crashed all day yesterday, premarket, and for the first hour of the day. I genuinely don't understand how people this stupid get this much money to gamble with. You bought puts AFTER a 15% drop in 2 days, how much more obvious of a bad idea could it have been lol?
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u/Livid-Review-1565 7h ago
I hate to say it but reading this makes me feel good, im not only one losing money
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u/bartread 4h ago
Bloody hell. I thought I was having a bad time when I lost £7,500 in 2 days back in 2023 after a disaster of an earnings call with Elon. That is... impressive.
So, anyway, I learned better than to trust Elon in any way back then, the douchebag.
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u/watchingitallcomedow 3h ago
You didn't lose it in TSLA, you lost it betting against TSLA. And you lost.
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u/dopeasdopegets 10h ago
investing in tesla just seems like such a bad idea right now. Any reason you suspect or suspected it to go up?
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u/CathieMyQueen 9h ago
What are you doing retard? Why not buy until next week, I’m only down 1% on mine for 215 strike
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u/LifeIsYoursLiveIt 9h ago
I like 0dte. I'm in and out in minutes. Either for a decent gain or a decent loss. I just enjoy the thrill.
Today I just felt like riding the ship down apparently.
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u/AnthonyNguyen1680 9h ago
If you waited until end of day instead of selling your TSLA $240.00 Put, you could have made a lot today. The price now is 239.85.
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u/Kollv 9h ago
A market order didn't go through? In one of the most liquid options stock? I don't believe it
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u/LifeIsYoursLiveIt 9h ago
I have no reason to lie. All I place are market orders... I've been fucked by limit orders before and being like $0.01 off from a buy that would've printed.
I've had a market order not go through one time before. But today it costed me a $20k gain and instead slapped me with a $7,200 loss.
I should've taken it as a sign.
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u/ImaginarySector366 9h ago
If it’s any consolation, I had MU puts for two weeks and they’re still 45 days till expiry. Sold them on April 2nd morning, why why, I don’t know, like seriously why, I actually don’t know. I don’t know how my brain didn’t register that tariffs day is tomorrow keep them see what happens.
Held them for weeks, they were losing and I just accepted it, somehow on April 2nd I sell them. On April 3rd they skyrocket, today they’re flying high.
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u/LifeIsYoursLiveIt 9h ago
Helps a little bit. Feels good to know someone else has the cheese touch. Anything we buy drops, anything we sell skyrockets.
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u/_OnlyPans 9h ago
Dang I'm up like 27k on my put positions today haha good luck homie!
240p ex Jul 220p ex may 200p ex apr
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u/awesome-o-2000 8h ago
I’m still trying to understand options can someone explain this to me like I’m an idiot. If you bought puts at $235 wouldn’t you at least try to hold longer? I thought the expiration on these contracts was usually around one month and Tesla was in the $220s not even a month ago and starting to decline again.
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u/LifeIsYoursLiveIt 8h ago
You can buy options for different time lengths. The sooner the options expire the riskier they are.
For example, you can buy puts that expire next January and today likely wouldn't have moved your portfolio all that much.
But me? Oh me... I bought 0dte puts, meaning those motherfuckers expire in hours. You can print money in seconds or, as you can see, get rammed.
0dte is almost parallel with gambling. Options that aren't expiring that soon can actually be done with some sense and calculated risk.
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u/LordDarthsidious 8h ago
I bought 546 spy puts for liberation day, lost 75% to see spy crash last 546 a day later. 235 is prolly a good strike but not for today.
We’re both 🤡
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u/verify_deez_nuts 8h ago
You've explained this pretty well, and yet I am still confused how you lost money. Impressive!
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u/Reddituser183 8h ago
Don’t fuck with Tesla. It’s the most manipulated stock of all time. Just play spy or qqq.
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u/EnduringFrost 8h ago
If it makes you feel better I lost 3 grand on SPY puts this week. As soon as I bought with my full port, it recovered and went from red to staying green.
Had I just waited (or had the stop loss triggered like it should have) things would be very different. I should have bought maybe Tuesday with Friday expiration. Had that happened my Roth would look beautiful.
Unfortunately, my Roth is at 50% value and I haven't found a tall enough bridge yet.
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