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How I went from $35K to $1.75M (50X) in less than a year submitted by SIR_JACK_A_LOT to wallstreetbets [link] [comments] IntroductionGather 'round retards and autists. Grab a mug of eggnog, find a cozy corner in your mom's basement, and enjoy the tale of SIR JACK A LOT.In this post: I'll go over my trading history, my strategy, my philosophy, and also systematically destroy every accusation and idiotic question made against me in the last week WITH RECEIPTS. No one doubts motherfuckin SIR JACK A LOT. Disclaimers Privacy is important to me. I wish to stay anonymous. This is not financial advice, just my story. Ghosts of Christmas PastChapter 1: Crypto (2017-18)How it all started... I threw every last dollar I had in ETH at $12 and swing traded a ton of shit coins and ICOs until it all came crashing down. In short: turned $8K into $300K and back to $30k but owed the IRS ~$120K since all the gains were calculated at 2017-year-end. I royally fucked myself because I didn't set any money aside for taxes. Ended up in debt to some very bad people and things were very dark, I don't like to talk about this time in my life that much. Chapter 2: WSB Tuition (2018) First learned about WSB in 2018 from the infamous FB ER put play by YungBillionaire turning ~$28K into $451K overnight. That sounded fun. Quickly learned about options but most importantly about FDs, tendies, and the power of memes. Back then it was all about trade wars and hanging at the whim of commander cheeto's supple tweets. I have fond memories of:
WTF is up with the snowflakes Robinhood? So gay, instant short when it IPOs Ghosts of Christmas PresentChapter 3: Road to $1M+ (2020)Let's start with the receipts since that's what everyone's interested in: Proof that I started Feb 2020 with only $35K Vanguard is my 401k provider and their self-directed brokerage is provided by TD Ameritrade which is why you see screenshots from two different apps. Started the year with $11K in 401k, deposited $26K more in Jan and then started trading in Feb with $35K. The $49K withdrawal in June was for a 401k loan to buy a Tesla. Looking at this all-time graph gets me so hard In my first run up to June, turned $35k into $850K (APT, CODX, NCLH, CHWY) and decided my luck was too good and needed to "cool down". Decided to withdraw $50k for a Tesla and stayed away from the markets for a good 3 months thinking the market was going to go back down again... But it didn't, the market kept rallying and I got the tendie tingles. My first move in Sept was to go all-in on WORK and bought at the high of $35 and was immediately down -30% thanks to their shit ER. They recovered a bit in the weeks afterwards and then jumped into CRSR which made me a millionaire and then GME. GME also shit the bed with a -20% ER but recovered swiftly thanks to Lord Cohen and recently jumped into STIC for that final spike up. Chapter 4: Explaining every trade Proof of every gain/loss I've ever traded (except APT history which was in Vanguard) My strategy is going all-in on a single stock all-shares. The idea is to have a thesis and conviction with that trade. I stay in the trade until the thesis is invalidated or another opportunity arises, it's a simple strategy and it's worked for me so far. My account does not allow options or margin trading. Here's a few theses and history I remember in hopes folks can learn something:
Now: I have a confession to make. My conviction for the Gamestop MOASS is insane. Had 88,233 shares at $13.04 buy-in with a $120 stop limit. Listening to this 90-min podcast of Uberkikz11 going on about how he knows more about this company than any mortal human should gets me so friken hard every time. But. That -20% ER drop hurt me on a spiritual level. Watching my account go from $1.5M to $1.1M at one point gave me Taco Bell-levels of stomach cramps. So when it bounced back to $15-16 on no news on Fri, Dec 18, I felt like I needed to "cool down" again. It was going into the holidays with a British virus mutation on the way and hedge funds manipulating to get their holiday bonuses, it felt kind of dangerous. And no way Ryan Cohen would be working with his lawyers on something that fast over the holidays, right? So I sold all my GME at $15.50. Then on Mon, Dec 21 morning, Lord Cohen drops his new 13D/A... but the stock price stayed flat all day. The Lord gave me a chance. A whole day to get back in. Unfortunately I didn't take it. And then Tue, Dec 22 all tendies broke loose, the squeezening. +25% gain. deepfuckingvalue dropping his massive dong in another update. I waddled back and forth in my fetal position. Missed out on ~$300K gain while watching everyone freak out. Felt exactly like this: Can't feel my dick at all... Chapter 6: Barking on a STIC While waddling and scrolling on my phone, I happened to stumble across this post about STIC and BarkBox. Not sure why pound_salt_ deleted the original post but at the time, it was the only post about it on WSB I was pretty familiar with BarkBox and started researching, it seemed super un-discovered. I liked what I saw: Pets. E-commerce. Subscription. SPAC. Basic white bitches spoiling dogs. This might be worth an all-in. So on Wed, Dec 23 morning I decided to make a move. All-in at $14.42. Then I started writing everything I had learned and posted it all in my DD post at 1:46PM ET because I thought it was worth sharing what I found https://www.reddit.com/wallstreetbets/comments/kiypqq/sir_jack_a_lots_next_move_all_in_stic_bark_merge The price was $14.25 at the time of posting and frankly, price was oddly flat at $14.25 pretty much all day. Lots of people got to buy in at this price. Why did it take me so long to write it? I had actual work meetings all morning and wrote it during my lunch break Then by the luck of the gods, apparently the CEO of BarkBox, Matt Meeker, went onto CNBC at 3:20PM ET and it started mooning. On Thurs, Dec 24 I awoke to a 20% pop and shared my gains for ya'll to salivate over. Complete. Luck. Ghost of Christmas FutureChapter 7: What's next?Let me be clear. I stand by every word of conviction I mentioned in all my GME and STIC posts, those are still my favorite H1 2021 plays. Holding STIC until merger would most definitely get you some massive gains. But I'm a swing momentum trader. If I feel like something is running out of steam, has a risk of a rug pull, or another stock has potential to pick up steam with lesser downside, that's when I usually jump around. I'm not happy with just a +25% in 3 months. I want a +25% compounded on +25% compounded on another +25% in the same 3 month time period. On Monday, Dec 28 I will probably sell STIC and move all into CRSR again. From technical charting perspective, I'm loving the setup and the magical crayons are telling me we're at the support again and this should bounce in anticipation of strong Q4 earnings. Now: this is not a ding on STIC or GME, I stand by my 2x-10x claims at some point in H1 2021. It will eventually get there but it might also dip and rise again and I want to swing that dip and rise. Let me spell it out for some retards: because STIC moon-ed so fast, I want to sell to capture profits and hopefully buy back in on a dip. If STIC had not mooned yet, I would still be holding STIC for a more gradual moon-ing to let my thesis play out. If STIC does not dip but keeps mooning, then I will not chase and happily watch other diamond hands enjoy their tendies. Q&A / AMAAI'm fucking tired of answering the same repeated idiotic questions. Let this Q&A serve as an artifact and please link it to new retards. I will also proceed to debunk every single fucking false claim I've read in my last few posts. Also feel free to AMAA in the comments, I'll be replying all day.
The fact is that SIR_JACK_A_LOT is a swing trader. Yes he pumps his stocks and closes relatively quickly but he doesn't pump shit stocks. If you bought any of his positions when he posted you'd be up on everything. A pump and dump requires the dump part where investors are left holding a stock that is worth less than when they bought it. He did, however, break wsb's rule #4; STIC's market cap is below $1B.Shout-outs Some of ya'll are real gems. Major props to:
Last week we got durado so cucked he deleted his account and now kingobama123 is all up on my ass. First, read this magnum dong opus and if you have more questions, ask it in the comments, I'll cum all over you. POLL To really drive home the value I bring to WSB, let's see how many peoples' lives I've changed and for the better or worse. Take this poll regarding whether I helped make you gain or lose money if you've been following. https://www.strawpoll.me/42341589 🚀🎄🚀🎄🚀🎄🚀🎄🚀🎄🚀🎄🚀🎄🚀🎄 🎄🚀🎄🚀Merry Fucking Christmas 🚀🎄🚀 🚀🎄Jerome Powell bless us, every one!🚀🎄 🎄🚀🎄🚀🎄🚀🎄🚀🎄🚀🎄🚀🎄🚀🎄🚀 My usual order is the 13-piece tenders - whopping 1780 calories in a single sitting |
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