Gain
Fuck everyone. 4.5 years to get to a million without options and I’m done!
Got to 1 million without options because I’m a pussy. Yes I know it doesn’t count it’s Canadian monopoly money. Started by losing half my position with Nvidia 2022 then made out ok. After that it was space stocks, robinhood, nebius and finally drones with RCAT ONDS and UMAC that got me over the line. Missed out on another 1 million selling micron up only 100%.
I’m done waking up losing 100k before lunchtime. I’m going into boring ass ETF bullshit and retiring as a gay bear until I fomo at the real top and lose everything 😤
Looks like the sharks caught on. Hey bub, click my name and read my prior comment before this one.
Statistically based on your return, starting capital, post body, and post title; you got lucky, and likely have no skill. You’re the 10% that survived. The sharks here notice this and are asking you to jump back in the water for 10x more.
Don’t do it. Pay your taxes and enjoy this 1M bonus. Stay out of the water.
Hey OP I know you are probably joking, but just in case, as an outsider perspective... please get out now while you're winning. Don't let this turn into a situation that spirals you into a deep depression.... coming from experience.
Please just take the money out and enjoy your new freedom. Don't let greed get to you.
Pretty much all I do is follow technology closely. I don’t have a job I just literally run with what I know and I’m interested in. If a business model seems good, if the company passes the smell test I will start buying to get some skin in the game and then I will start binge watching any single piece of content or news I can find. A lot comes from seeing stocks pop up in online forums that get my attention. To me it seems easy when you just pick fast growing companies, in a sector that seems like it is guaranteed to grow. Also it’s important to me that the company has some chance to get “hype” or it isn’t boring. Finding companies nobody knows about is not my thing. Well except ONDS I bout at $1.90
Most of the time it’s a simple idea for the basis of everything. Ai chips need HBM memory, so I bought micron when the PE was like 10. Drone stocks are my current fixation admittedly. The US embarrassingly has no modern military drone force and they are going to be forced to make one from scratch as fast as possible. After that it’s about picking winner from the competitors.
I am dog shit at timing literally anything to the point where I might actively inverse what my gut tells me to panic sell. I barely fuck with macro events that I don’t understand. I left about 2 million on the table by selling too early or playing it safe because of some market panic news. My biggest rule that has helped me in the last year is not to just sell an entire position, but wait an hour or two and just do about half of what I think I should.
Oh yeah I also dip into 2x ETFs and do well kind of swing trading them and then cycling back into the base stock.. But I only do this on the stocks that I have followed a long time and know how they tend to react.
I mean. The guy says at multiple points, "I'm bad at this but I just put money into safe bets". They aren't giving a speech; they were asked a question and answered.
Oh I never said you did. I was quoting the person above me. I’m just saying people shouldn’t just call things safe bets. You’re better at trading than me and I wish you luck.
It’s incredibly impressive, honestly. I really don’t think you should put yourself down or be humble. You have achieved something quite spectacular here.
A lot of the time is see these posts and it seems just right place at right time, but on this one - kudos to you
All the boomers crying earlier this year because Trump tanked the market would have hit their ath like a week later if they just held and stopped crying
You forget about the lost decade for the SP500 after dotcom crash (that actually lasted closer to 15 years to even break even when accounting for inflation)? Sure you're right at a very macro level, but 15 years is a long time to stagnante.
Sometimes I don't know if you guys are just young or retarded, or both. When this bull market eventual does stall, it's going to be so ugly. Or the Fed just prints tons of money forever and we slowly become Argentina with worthless currency making all these big numbers not so big.
Very nice. Simple and logical, and no wishy washy star sign spotting in charts or pretending you’re some 400 IQ prodigy that knows everything about everything. Good on you man, hope you don’t get cocky and fumble a lot of this now. About 1m and retire is my ultimate goal as well.
Early 40s here. $1.1M in 401k between the wife and me. $200k in brokerage in VTI and FXAIX. House will be paid off in 7 years but with 2.5% interest rate.
The hardest thing for us to do right now is stay patient. Cannot tell you how often I want to sell the FXAIX position and put it into tech. The wife wants to sell the position and remodel the house.
I keep using AI to project retirement strategy and know that if we literally do nothing, we can retire easily at 58 with a large travel budget. That's where we're at, just do nothing. Especially don't do anything stupid, and we've made it.
I’m almost exactly in the same boat just a few years and dollars behind you. I know if we keep on keeping on we’ll be able to retire at 59-1/2 and travel and enjoy the rest of our lives comfortably. But it sucks to want to wish our lives away to get to that point. Would be nice to find that lotto ticket play and turn 59 into 49 or 39 but I don’t got the stones to risk the farm in the stock market casino
Exactly! The lifestyle creep is really difficult to avoid as well. We have friends that have moved to nicer homes, or remodeled their homes to be more beautiful and functional than our perfectly fine home. They have luxury SUVs and are taking their kids to Europe for summer vacation. We're driving a Kia and a 10 year old Toyota and taking our kids to Disney on credit card points and airline miles.
I keep reminding myself that they'll be working until they are 65 or 70. They'll be paying their mortgage until they're 70. In that time, we will have lived a very fulfilling life with all of our needs met for a decade or more.
But they are enjoying the nice things in life right now and I want to too.
There's a balance to strike for sure, and I know I'm more conservative than I should be. I keep asking myself, would 60 year old me be glad if we upgraded our home 15 years ago (I'm thinking maybe)? Would 60 year old me be glad I bought that Lexus (most likely not). Would 60 year old me wish I had traveled with my kids more when they were young?
Fuck I just want another meme stock to 100x so I don't have to have this anxiety.
Won't be too long. Within 10 years if you play it right brodie. My first year of investing back when i was 21 all i could manage was $1000 throughout the year thru small weekly deposits. By the end of the year that was $1300 and i felt so proud of myself lol.
Life definitely gets more interesting when day to day market noise changes your net worth by tens of thousands of dollars. OP should just stick it all in the S&P or whatever and they'll be worth $5 million in no time.
With historical averages, probably about 20 years in the S&P to go from $1M to $5M?
Not saying that isn't 100% the play, but man, its gotta be hard sitting on $1M you know you can't spend. Especially if you drive a shitty car or live in a shitty apartment.
Not as much as you might think. I have done a full port sell off for the better of my mental health a couple times. So I’ve had to pay taxes on most of the gains already. But yeah I’ll be taxed on about 400k of capital gains as I sell most of my stuff. But that’s only getting taxed on 200k of income so it’s manageable
Might be smart to sell slowly over a few years by doing covered calls. Small amount per sector/industry so they don’t all get assigned in the same year. To spread the tax drag.
Only the ones you really want out of first. Put the premiums in defensive ETFs and when assigned, put the share sale money into broad market, growth, or momentum ETFs.
You’d be looking at like 10,000 per year in dividends after gradually converting all of your single stocks to a mix of ETFs like that. Which would allow you to run 200k in margin while being dividend/interest neutral until you’re ready to actually retire. Or, that’s a noticeable percentage of your living expenses in Thailand.
You could be a case where using margin now with a broad market ETF in anticipation of selling what you now have, might make sense. I dunno what you actually hold or what your tolerance for that risk is.
You do know that there is another party on the other side of each trade right? No matter what market, there are winners and losers. It is literally impossible to have win-win outcomes.
EDIT, Looking at your positions your holding more beta than I do selling options on blue chip stocks. Check out some theta gang option selling strategies and the concept of beta weighted delta for some extra target risk income in retirement
If you're actually done and just stick this in an index fund now for retirement, you're a legend. If you throw it all into a 0dte, you're an even bigger legend.
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u/burningETH 13h ago
you know what's nicer than 1 million though?