How low did you go in 2022?Submitted by dpdude007 t3_zzdqbo in wallstreetbets
eJaguar t1_j2d6pcq wrote
Reply to comment by third_legatron in How low did you go in 2022? by dpdude007
4 days from a year ago i was facing complete financial disaster and I started from below 0, moved back in with mom, i'm 26 and i've been able to put $25-$100 into the market daily every day since about sept after paying back every friend who had ever loaned me money (for the 2nd time lmao, corpos don't get a penny)
i was mining dogecoin at difficulty 2, then 8, I literally was in the irc channel on release and mined several million with a single 6870. I've had multiple (theoretical assuming i sold at peak) 7-8 figure crypto opportunities pass me buy. i could've easily had 200k in the market had i figured my shit shit out. now at 26, i consider myself unfathomably blessed, beautiful life with an actual professional occupation. i could've been making 6 figures at 19 had I behaved optimally, or was able to stream video games when I was top ranked in overwatch/csgo/LoL (had the skills but grew up with absolutely abysmal internet in the rural south)
The best time to plant a tree was 10 years ago, the second best time was today, and every day until that tree gets planted will be the best day to plant the tree. You see what i'm saying? I've made many, many mistakes in my life, and reflecting back on the amount of suffering I've experienced from irresponsibility, knowing that it could be avoided, that hurts.
my main issue ended up being adhd which has been completely resolved by amphetamine(s), but i've lived a very traumatic life so I had all sorts of other issues as well, a true multi-combo-value situation!
how do you think i feel knowing that i spent basically 9 years being a total peice of shit, and had nothing but dent to show for it? the van i was living out of was repossessed. it SUCKS only being able to build up my portfolio (after my company's 6% 401k match) $25-$100 per day, it's finally reached about the 10k mark but it's been a slow grind.
next time you're sending money to the tradey app, instead of buying options buy ~20 positive cashflow stocks spread out across ~10 different industries, this is the only reason i am not negative. my approach focuses first on not losing money, everything afterwards is gucci, maybe adopt that instead of 98% losses? it would have been literally impossible to be down more than 30%, and hard to be down more than 15% if you're not a total moron in your choices. try and ensure that the vast majority of your stocks pay a decent dividend as well, especially in uncertain economic conditions the only stocks i own that do not pay a dividend are amazon and google, and i bought amazon before i really knew what i was doing, i probably wouldn't today. long term i'm not worried but i could've chose a better performing security with that $
third_legatron t1_j2d7qo5 wrote
It's too early for this, I've been up all night. I would love to buy stock but unfortunately I only have 2k. It's the same dilemma that the people who capitulate and big spy deal with. I'm a wage slave, max I can save a year is about 20k, and that's a fervid pipe dream, because it doesn't account groceries.
That's how I know shit will go up soon, because I'm belly up. I blew my opportunity to go long with my capitol. I don't have anything besides a basement room with momš¤£
I watched margin call and cried because I wish I had an opportunity at a formal education.
Not trying to be depressing, and obviously I've done this to myself, but holy fuck, this is a lesson to learn. 40k debt. I started this year with 4k debt. Car blew up out of nowhere, I don't keep more cash that 3k, so my 2012 Camry cost 1k down, (28k after interest for 5 years)
I'm a fucking idiot lol. I'll be back in the market at some point. Always gonna be another opportunity. I will not blow it this time. If it does happen.
eJaguar t1_j2db3yq wrote
>It's real. That was my life savings at 24. My choice now is what? Gamble more? Prove everyone either right or wrong? Either way I won't be happy. Rather take my 4k cash and just work until I have 10k. Now that, that's enough to yolo myself back to utopia.
Forget any other strategy other than: use macrotrends.com to identify good securities to purchase, and then do that consistently daily/weekly/monthly until you have re-built your capital base.
Again, I started from below 0 this year, it SUCKED looking at $2.1k in there knowing that I couldāve easily had $200k. But again, tree.
Your new number #1 goal is not losing $, profit comes after. Do not buy cashflow negative companies. Diversify into as many industries as is sensible based on your specific research, I have specific inance and tech hardware stocks I want to develop more equity in by the end of the month. Try to look at things from a % perspective only, not $ amounts.
>I'm a wage slave, max I can save a year is about 20k, and that's a fervid pipe dream, because it doesn't account groceries.
My only monthly mandatory expenses end up around $800 or so, and I make around the six figure mark. My front car bumper is fucked up from when my brother wrecked it, I just recently threw away a pair of shoes that were literally both duct taped, I got used to living in poverty, once I got the ānot even $10ā mentality down especially I was able to find even more room for investment while the market is down across the board. Not gonna be the case forever you know.
>That's how I know shit will go up soon, because I'm belly up. I blew my opportunity to go long with my capitol. I don't have anything besides a basement room with momš¤£
again dude, i started this year, unless u have rich family members or start a business theres not any other way to achieve financial freedom
>I watched margin call and cried because I wish I had an opportunity at a formal education.
I tried to drop out of highschool, no college, but am literally a hacker in both senses of the word so I ended up writing code professionally, which pays ok. Education is a joke in the US, chatgpt will do a better job than 98% of educators for anybody sufficiently self-motivated and curious.
>Not trying to be depressing, and obviously I've done this to myself, but holy fuck, this is a lesson to learn. 40k debt. I started this year with 4k debt. Car blew up out of nowhere, I don't keep more cash that 3k, so my 2012 Camry cost 1k down, (28k after interest for 5 years)
When I was 22 I was crying in my momās kitchen thinking I threw away my shot at entering the profession of the first job I was ever hired for (19, full stack developer), and my future (mainly due to unmedicated adhdā¦) was FUCKED and I could never look forward to anything more than a $11/hr job at the local warehouse 25 mins away. And then from age 22, my life got substantially worse even, lmao
Once again, Tree, it sucks but you only have one responsible choice here.
>I'm a fucking idiot lol. I'll be back in the market at some point. Always gonna be another opportunity. I will not blow it this time. If it does happen.
Again, focus on not losing money #1 and anything else after
third_legatron t1_j2d7wv6 wrote
You should check my stock choices. Check my post history. I used to post on r/stocks a lot about oil, and lithium. Unfortunately I'm too silly for my own advice.
But, my long term picks are doing very well, unfortunately I sold them all too early and have nothing to my name. I'm a gambling degen lol. Best of luck to you.
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