I find not only losses emotionally hard but missed opportunities seem to invoke just as more distress.

for instance, on thursday I bought a put for a stock that I didn't think was going to make earnings on Friday open.

Before the day closed the put options were at 55%.

The next day, they made earning and my same put options were trading -30% (IV crush).

So in panic and afraid of theta decay, I sell to close on Friday.

On Monday, today, I see the stock has hit my OTM strike price and had I held on to those put options I would be looking at 720% ROI, or a 7-bagger.

It really hurts when this happens. I really do not recommend trading options.

I'm subscribed to /r/wallstreetbets for the comedy, and the peak activity was definitely when people were throwing in money at the $250-$300 level trying to will it to $420.

AMC is up 3x if you bought it before the meme frenzy (Dec 20) — and 20% from where I bought it during the meme frenzy (Apr 21).

S&P500 is up 25% if you bought it before the meme frenzy and 33% if you bought in April, like I did.

People who spotted it early are still well ahead of S&P500 — and honestly, I wouldn’t be mad at 20% vs 33% returns… because that meme frenzy saved AMC.

Of course, I sold when it was 5-6x what I paid… so that’s far and away my best performing stock of 2021.

I guess that depends on where you got in. It's like 80% off it's high.