The Market Giveth, The Market Taketh.
18M. I’ve always been a conservative investor, grinding, saving, and investing in stocks, low-cost diversified ETFs, and a little bit of crypto since I was 15 through my dad’s accounts.
I turned 18 this summer and initially stuck to ETFs, but something foolish clicked—I wanted extra income I didn’t even need.
I was doing well, but last week, in just two days, I lost my life savings in high-risk earnings plays (IV Crush ate my portfolio for dinner) and 0DTE SPY revenge plays. I paper-handed my final play—SPY puts last Friday—that would’ve recouped my losses and more if I had just held for an hour longer.
Keep in mind this was in the Canadian equivalent of a Roth IRA, so not only can I not tax loss harvest but that contribution room is gone. :(((
The weight of this mistake is crushing, I want to go back in time. I can’t bring myself to tell my family, friends, or girlfriend.
The mental toll has been immense, and I’ve felt completely empty all week. I’ve been struggling not to end it all, but I’m pushing through.
I wasn’t going to share out of sheer humiliation, but I needed to get this off my chest.
18M. I’ve always been a conservative investor, grinding, saving, and investing in stocks, low-cost diversified ETFs, and a little bit of crypto since I was 15 through my dad’s accounts.
I turned 18 this summer and initially stuck to ETFs, but something foolish clicked—I wanted extra income I didn’t even need.
I was doing well, but last week, in just two days, I lost my life savings in high-risk earnings plays (IV Crush ate my portfolio for dinner) and 0DTE SPY revenge plays. I paper-handed my final play—SPY puts last Friday—that would’ve recouped my losses and more if I had just held for an hour longer.
Keep in mind this was in the Canadian equivalent of a Roth IRA, so not only can I not tax loss harvest but that contribution room is gone. :(((
The weight of this mistake is crushing, I want to go back in time. I can’t bring myself to tell my family, friends, or girlfriend.
The mental toll has been immense, and I’ve felt completely empty all week. I’ve been struggling not to end it all, but I’m pushing through.
I wasn’t going to share out of sheer humiliation, but I needed to get this off my chest.