well if it did, that would just compound my misery from losing 99% of my money since I'm now at the mercy of the actual, real economy. And as bad as it is, a crash would make it worse. I am now coming around to the idea that a crash won't happen simply because they can control it with computers.
Don't get me wrong it's unforgivable and unimaginable to have taken a 600K account down to 5K. But the only thing that can keep me going, without me feeling my life has been a total failure, is the knowledge that other people have been beaten by it. People smarter and more accomplished than I.
I cannot figure how all 4 of these guys with great track records did not see that the market was going to come disconnected from the economy and rally to incredible heights. Confusing.
It's almost unbelievably painful to have lost 99% of a 600K account chasing small cap stocks that turned out to be scams, then shorting UVXY too heavy. I could have bought S&P and been on for the ride to probably 500K in the next couple decades. Now, with 99% loss, there is no hope to ever recover. SO I watch in shock and awe as it goes higher and higher and higher and higher and higher and higher and higher and higher.
I lost 99% in 18 months and some UVXY short traders lost over 100% in that spike it happens.
He is making a killing buying puts on this turd while I took a $600K account all the way to under $10K before liquidation. The only way it could be worse would be if I owed my broker money like Schizo and I'm not even sure that would be worse.
They are booked. At the end my account was down over 99%, the small remaining amount I took out for living expenses until I could get back on my feet. To be honest I am scared to kill myself but I pray for death every day.
Folks learn from my mistakes I took $600K account all the way to 0 largely through catching falling knives, most likely this will go to 0.
At least you were smart and didn't lose it all like I did. When you go from 600K to under 10K there's no reason to even play so I used the rest of the money on some things for my apartment.
What is 89f? Do you really think it will drop to 33 in 9 days? I lost a full 100% of a 600k account and man has it hurt to watch so many stocks explode higher. Really painful, now I'm working 16 hour days to make up for it will take years.
Thank you my friend. I do have a backup plan which is my alternative if I don't have the courage to commit suicide. It is to go teach English in Korea and have a middle class lifestyle.
53. Gave up on that one moved on to SUNE sold naked puts got stopped out before the rebound.
First long PGN, then naked short SUNE puts in a desperate attempt to make it back. As you said, the stock came back, but first it tanked and wiped me out.