I learned a huge lesson about investing/betting/gambling/whatever.
I'm up 230% at the end of the day, but I went through all the stages of grief and emotion. And I'm normally a very very calm logical person.
I went in with $35,000 @ 70. I got out at 400. I made $165K.
I could have walked away right there.
Nope.
I started getting HUUUUUGE FOMO and I got really amped up and hyped and was afraid I was going to miss the train like an idiot, a train that would realize all my dreams, like buying my parents a house, paying my brother's college tuition, and so on.
Reading all the hype around an impending squeeze, and all the seemingly believable DD, I just HAD to get back in.
I put $190K back in 350.
The problem is, I only had a very basic understanding of investing. I've bought stocks in the past and traded options, but I didn't have any background of how the financial system worked.
I'm lost 2/3 of the 190K And now I realize the DD I've been reading is absolute bullshit. Certainties became moving goal posts. I started really Googling and understanding the DD's I've been reading and realized that all the speculation was pure fiction and nobody actually publishes that sort of data, and any data that is published are all best-guesses and delayed. The comparison to historical events are completely wrong.
Then I started looking at the profiles of these idiots that were posting about this sure thing and I realize.................. 90% of these people are new to the sub, bought their first god damn stock 5 days ago, and their last post was asking "what's margin?"
Learned a lot of lessons here.
1) trust your gut. everything felt really off when I went back in at $350. felt like I was making the worst decision of my life. I did not have that feeling even during the initial bet.
2) you're not gonna beat the house. don't even try. if the house SHOWS YOU to your FACE that they can take your lunch money and eat your lunch, GET OUT OF THERE.
3) don't listen to anyone insistent on you doing something. especially redditors