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BaldeeBanks t1_je7zpzk wrote

Transfer it all to your bank account. Then transfer some funds back to your trading account. Make it feel real and not a digital number.

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Astro_turff t1_je86vml wrote

Probably in the top 5 for pieces of advice I’ve seen on this sub. Seeing those digits inside your bank app is like post-nut clarity.

I also recommend buying something you’ve had on your wish-list for a while, something you’d never normally buy with your paycheque. Like I personally ended up buying a nice camera, after years of saying I’ve always wanted a “professional” camera.

Making those abstract numbers and graphs feel tangible will seriously save you (and your jaw from the late nights behind Wendy’s)

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pw7090 t1_jea179s wrote

So when you lose a ton, you should sell something that you cherish?

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Middle_Name-Danger t1_jeanjgw wrote

Better to sell something someone else cherishes, like mom’s wedding ring or grandma’s house.

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MasterInvaster t1_jedg9tj wrote

When I lose a ton, I also buy something that I've wanted to for awhile. It feels very cheap in comparison to the loss I just suffered, lol

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anus_camper t1_jea4ore wrote

whenever i go on these streaks I take out half, buy a nice dinner, a semi expensive thing i've wanted, and throw the rest in a high yield savings for taxes. Keeps you in touch with the actual value of money.

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morningshiftatmcd t1_jebb21j wrote

Absolutely, what I started doing whenever I win (which is rare), is taking the winnings out in physical cash and then depositing it in my bank account, different kind of feeling

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Ram_0830 t1_je9x1sj wrote

This is great advice. Couldn’t have said it better.

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dnaonurface12 t1_je8m2zx wrote

Exactly this. It’s akin to having Cheques or “chips” at the casino. Having 5 $100 bills in my hand vs one orange chip for sure changes my frame of thinking.

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Wooden_Lobster_8247 t1_jebafus wrote

Still just a digital number in your bank account. To make it feel real transfer then withdraw cash and carry around a fannypack full of 100's for a day or two then deposit it back.

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Delicious-Swimming78 t1_jebfaoc wrote

Still not real enough!! Make it even realer by stuffing it all in a briefcase and unloading that fat stash all over the floor of a late night strip cluubbbb!!!

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throwingbugs t1_je8z9oi wrote

She will never get that far. $3k buying power. So presumably holding 29k in options a week out…. One trade away from quadrupling down on a losing bet and watching it go just as quickly as it came.

What’s the saying? First one’s free, or something like that.. Get out of the positions and cash out!!!

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Bobzyouruncle t1_jea33d7 wrote

I thought you were supposed to keep gambling with it until it was gone and then go bankrupt when the IRS comes knockin'.

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pw7090 t1_jea13n1 wrote

Why doesn't it feel real when I transfer from my bank account?

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Life-Industry-1131 t1_jeb2pbs wrote

Ya I’d take out 25k

Establish far out positions with 70% of the funds, and continue coin flipping the rest.

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Life-Industry-1131 t1_jeb2rwh wrote

I’ve made the mistake before on NOT taking out all my coin flips. Easy come, VERY easy go

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ElfUppercut t1_jebqhdv wrote

Is this on level 2 of the game? I’m stuck at the anti-gain boss of level one…

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willis_michaels t1_jec2lrd wrote

But then he'll have profit and have to pay tax. It's better to lose it all and get a tax break next year.

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