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I Lost $400,000, Almost Everything I Had, on a Single Robinhood Bet

Vice
Vice
 2021-12-02
Cover picture for the article

I was 26 and stupid. I had arrived in the U.S. when I was 18. I didn't have money and worked shitty jobs to get through college. I didn't go to a nice school, and I've worked in sales ever since I graduated. My first job paid me $40,000. Next one...

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Comments / 66

Justin Brock
12-02

You're investing not betting....should know the difference in the types of risks before thinking You're just out to win some big lottery among different income shareholders

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Mark Allen
12-02

do you know the difference between wall st. and Las Vegas? nothing,it's all a gamble

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Sakis Psinakis
12-02

I invested 50K in crypto and made $16K. I woke up in the middle of the night trying to move everything out praying I don't loose them. It was so tough that I will never ever do it again. I did invest again but it was like $5K or so which I didn't care if I lost them or not. I have followed up stocks only to loose all my earnings. Now I have a strategy which is invest long-term and short-term invest with a $16K profit target. I won't wait for millions or even hundreds. Once I have my $16K I am out. And more importantly...never invest short term more than $5K.

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