Here’s my story.

One night in April I deposited a $2000 tax return onto Stake and somehow, 8-10 hours later, I was sitting at 500k. I obviously withdrew. The next day I deposited 100k and got to 200k. That’s 600k total. I tried this again but fell down to 400k. I then took a break.

I put around 10k into a tax free investment account and just bought some calls (options).

While my investment account was running, and I was pretty much rich, I deposited another 100k, lost that. At this point I’m sitting at 300k. I tell myself I need to lock in as I just got blessed by a special opportunity that may never happen again. So I do.

I start going on trips, buying expensive clothes and tech, give my parents and sibling money, everyone around me can tell something in my life changed. I couldn’t keep this a secret forever. I enjoy this money for a good month until I get that “itch” again. I deposit another 150k and lose that, next day I deposit 50k also lose that. Now I’m at 50k after giving everything back to the online casino and spending some.

Whilst I’m being a huge idiot and losing money gambling, my investment account shot from 10k to 100k, I think to myself it’s ok, I won’t be mad I lost most of it, as long as I remain above 6 figures. At this point it’s late May and I have 50k in my chequing and 100k in my tax free. That was until recently. The stock I bought call options in, PLUMMETED, turning my 100k into 10k again, and my chequing diminished into 10k also.

I’m now at 20k as of writing this.

I don’t know how to feel. I had everything in the palm of my hand and had the possibility of never working again if I played my “cards” right, no pun intended. Yeah this sucks.

I guess I can’t be too mad as I’m still technically in profit considering I started with $2000. This is something I will probably spend the rest of my life thinking about.

Sorry for the rant and thanks for reading.

lost 92 bricks, had to fall back.

Stake ad campaign not gonna fool me

Sponsored by Stake. Gamble Responsibly

Except that it’s not a happy ending

If it’s not then as you said, at least your up from where you started! And probably learned a lot about money management as well

you bought uncovered calls?

Wow

with no credit spread...?

No I wasn’t selling, I had OTM call contracts I bought that were expiring on a Friday before the stock dropped 5% in the last 10 minutes of the trading day on that Friday. My plan was to quickly scalp some money on 0DTE options before heading into a weekend. It backfired. HARD.

straight up reads like an ad. you can win life changing money just dont forget to be smart about it!

damn yeah thats what i meant, sold not bought, what are you doing now? do you have an urge to gamble again?

I finally blocked all my gambling accounts and plan to just use it to live a good life

gambling addiction deadass gotta be the most ed way to say you lost money man lmao

niggas willingly wanting more when you got more than you could ever imagine is some sped s*** bro idc

always leave on a win. that’s common sense lmao. you know the 2nd nut never as good as the first bruh

I went to the casino with my boy Saturday. Put $20 in the machine.. lost all $20. Put $60 in the next machine.. won $70. After that I cashed out and my day was over 😁🫡

Control that dopamine my boy.

hate this post

don’t hate the player, hate your game king

losing money willingly with no return is stupid if it ain’t charity lmfao

nigga won half a million, then 100 racks and still felt like he needed more yea…ight

unironically try gambling again

you’re so close to breaking through. don’t give up yet

firm believer that following serious discipline and using some level of a***ytical “models” to enforce your beliefs you can make consistent money SPORTS gambling. just sports gambling and maybe poker i guess

lmfaooo

boy you got bricks in your head

gotta know when to hold em, know when to fold em

all these sayings don’t exist for no reason

😂