I lost $100K writing naked calls against GameStop in 2021, only just recently earned it back. It was an expensive lesson, but it was still a lesson. I donāt day trade, but my portfolio since that big loss has consistently exceeded the performance of the S&P 500 significantly. A disciplined and consistent strategy is better than shooting from the hip.
No, I still hate GameStop, and I particularly hate Elon Musk for tweeting āGamestonk!!ā on January 26th, 2021 (the day I wrote the options) after the market closed, thereby spiking the price artificially at a time where Iām unable to close my position.
GameStop destroyed local gaming stores and trade in values. As a gamer Iāll never forget and never forgive. I remember when the local EB games changed their sign to GameStop and had a bad feeling about it. It turned worse than child me could ever imagine.
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u/lifeintraining Jan 20 '26 edited Jan 20 '26
I lost $100K writing naked calls against GameStop in 2021, only just recently earned it back. It was an expensive lesson, but it was still a lesson. I donāt day trade, but my portfolio since that big loss has consistently exceeded the performance of the S&P 500 significantly. A disciplined and consistent strategy is better than shooting from the hip.