26 upvotes, 2 direct replies (showing 2)
View submission: Keith Gill (u/DeepFuckingValue) and The Gamestop Saga
Edit: I had a $300k tax bill 😅
My father passed from cancer in 2018 & I turned about half of my inheritance ($28k) to $840k via same $30 Strike 4/16/2021 expiration Call options as DFV after Ryan Cohen invested. GME had just hit $20 and it was around December 23, 2020 when I bought them for $2.83 per contract.
A month later, My RH balance was $1,062,000 at one point. Man, it was a rollercoaster.
The balance went from $1,062,000 to $266,000 in an hour at EOD Thursday. My wife was pissed. I told her “don’t worry, my Queen, the hedgies are fuk!” and that I was indeed diamond handing this until the end!
I sold the next day, Friday, which was technically 1 day before it’s highest point. If I held until the Monday it went to $485-$500, my balance would’ve hit $2-3Mil. The contracts went to $306 per contract. Instead, I got $840k out of it.
Unfortunately, I also bought $2,000 worth of $32 Strike 1/29/2021 expiration Call options. I sold those at a 50% loss (-$1k) liked 2 days before the run up. Those would have went to an additional $900k. Damn it.
I also made another $170k or so on the 2nd run up with just shares. I’m not sure how I kept winning because I definitely didn’t know wtf I was doing. After all this, I had some bad losses and learned quickly to STOP. I was doing some dumb shit like not selling another call option win of $90k on GME (wtf?) and it expired worthless. My head was in the clouds. I lost about $160k back in the end and finally slowed down.
I also got very lucky on some other meme stock calls like $80k off some shit truck trailer company Jim Cramer talked about on Mad Money and $20k on Moderna. These were before GME. It was weird series of luck!
As of today, I’m learning how to properly trade price action in the Equity/Index Futures markets via ICT Concepts. Check out The Inner Circle Trader 2022-2023 series playlists on YouTube and @I_Am_the_ICT on X/Twitter.
Either way, I’m grateful for being part of this movement and can’t thank DFV/Ryan Cohen/GameStop enough for this life changing experience. 💎🙌🦍
Comment by hoxxxxx at 01/10/2023 at 15:22 UTC
14 upvotes, 2 direct replies
man that is fucking awesome, you had a once in a lifetime opportunity and it worked out. good for you.
Comment by Odd_Cup1580 at 03/02/2024 at 21:55 UTC
5 upvotes, 1 direct replies
Reading from an insider actually gives me hope, really inspiring shit right there haha. Glad you came out nice in the end, where would you recommend for a starting point as of today and what to build knowledge on ?