I guess I belong here after all

Help! I am a regarded Bear who tried to time the market - Hello everyone. Yes, I am a bear. Yes, I tried to time the downfall. Yes, I am a uncertified regard, and now broke.

Literally every trade I made apparently the opposite happens. Not only that, the market ... See More shoots up after I buy puts with everything expiring below 450. Obviously, I wont be saved tomorrow. The market will open 453 come Tuesday morning. Sorry my fellow bears. I bought puts.

😂

It’s not gambling its called investing.

Learned what early assignment is today 🥲 - Since I very clearly have no idea what I'm doing, I've been playing around with what I __thought__ were low risk spreads to get a feel for things. Ya know, like the ones that show a max profit of $5,000 and max ... See More loss of $5 - cause that's safe...right? 🫠

I obviously was not expecting to hit max profits on these by _any_ stretch of the imagination. Rather, I spent hours upon hours reading Robinhood's resources and scrolling through different strategy types, legs, strike prices, dates, etc trying to wrap my head around what I was looking at. Eventually, I decided I was content with paying a few bucks ($2 and $8 for these long put calendar spreads, to be exact) to see something through from start to end in real time. Spend $10 to get some hands on experience today, skip the Starbucks run tomorrow; no harm, no foul. Seemed totally logical at the time.

What _really_ tripped me up was the spreads with $0 cost. Completely mind boggling to me that a play could profit so much as $10 (let alone multiple thousands, if a miracle happened of course) without having to risk a single penny. Like why wouldn't everyone be doing that?!

Well... opening the app to find that I'd somehow managed to rack up more than $85,000 in debt in just a few hours obviously answered that question.

Lesson learned: _If something seems too good to be true, it almost certainly is._

Gotta figure out how to fix it now I guess ☠️

Guys, rule number 1 of trading options. Don't yolo your life savings.

It’s really happening, Battle of the Billionaires