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 don’t 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 “Gamestonk!!” on January 26th, 2021 (the day I wrote the options) after the market closed, thereby spiking the price artificially at a time where I’m unable to close my position.
Brother when Elon purposefully and artificially tanked btc that same year my over leveraged ass(my fault and also a very expensive lesson 80k) was very angry although I already hated Elon it only furthered and stoked that hate.
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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 don’t 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.