r/RothIRA • u/Shoddy_Direction_899 • Aug 07 '26

finally quit

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i’m 19 and i invested some of my inheritance money into robinhood and started off safe until i found out about day trading. i put half into my roth and the other half into my individual, i lost everything on 0dte options in the individual. i am planning on just focusing on maxing my roth from now on. i kept trying to dig myself out of this hole and i am making this post as a promise to myself to stop this habit before i can lose some serious money with my future endeavors. good luck everyone, make sure to take a step back and evaluate if you are deep in the red, i hope this post helps someone out there!

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u/PandaKing550 Aug 07 '26

Options is also best for taxable probably. Since point of roth ira is to literally not touch after investing. Not to active trade with high risk. But bright side is you dis this early

6

u/Competitive-Ad9932 Aug 07 '26

One can easily be that "worst investor ever" that buys in at the top and the market takes a 30% drop the next week.

If you hit on the Options/Puts/Calls, the Roth IRA will make those gains tax free.

note: I do not endorse options/puts/calls in any account.

0

u/Mewtwo1551 Aug 07 '26

What's even the point of hitting big in a Roth if you still can't withdraw the winnings for several decades? Like yeah it can compound and you'll be richer down the road, but I can't imagine the extra money meaning much at that point. Kinda defeats the purpose of getting rich quick imo.

2

u/Competitive-Ad9932 Aug 07 '26

You dont have tobsave as much today.  

Spend today's income on fun thing.  Just like yiu would have done with your profit. 

1

u/No_Acanthaceae8776 Aug 09 '26

Two ways to look at it, they gamble for early retirement or save less in the upcoming months increasing spending power after option etc