If you want to see what the past twelve years have done for the younger investors out there, who have been tutored, some of them, into pure degenerate gambling, I offer you this image below (click to see in all its glory):
So what you have here is a chap who put his ENTIRE life savings into a single call option that was going to expire the next day (specifically, that favorite meme stock of the /wsb crowd, AMC). The fact that it didn’t go above $65 was all it took to nuke this guy’s entire account. Incredible. Just incredible. Although you can imagine what he was thinking: “If just goes up a few dollars, I’ll have huge profits!”.
Nope.
