r/wallstreetbets • u/mori226 Paid $1.25m to change his flair • Feb 13 '25

Gain 10x... $123k -> $1.2M on HIMS

Alright lady and gent degens. I present to you my first ever 10x on a single trade. I'm pretty proud of this bad boy.

Hope you all rode this rocket up with me. This was hell of a fucking trade.

Bought 11/06/2024, sold today, 2/13/2025.

5.5k Upvotes

95% Upvoted

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1.3k

u/El1teM1ndset Feb 13 '25

absolute beast of a trade. the self-control to not cash out early? legendary. diamond hands paid off big time. $123k to $1.2M is the kind of move that turns you into a myth. enjoy that well-earned victory lap.

582

u/mori226 Paid $1.25m to change his flair Feb 13 '25

10x is rare... 10x on this size is even rarer.

Thanks man... this was a wild ride.

67

u/ThelastMess Feb 13 '25

Umm wtf* what do you think? Let it calm down and buy again??

88

u/mori226 Paid $1.25m to change his flair Feb 13 '25

No idea, when to buy. I personally just bought shares. But I plan to hold for a while.

68

u/Iggyhopper Feb 13 '25

I did some napkin math if I scored a milly.

Selling it now is the best possible time because you can leave the gains invested for a year. (Versus selling in say, December, where taxes are due pretty damn soon.)

If you leave all of it for a year in a regular ETF, you only pay 20 to 22% of capital gains versus the whole 30%. This is counting the money you would make in a regular market for the whole year. 

Plus, the taxes you would pay on the now invested money leaving it for a whole year is only regular taxes, and not capital gains. 

The other option is to take out 30% and hold it or put it in a HYSA.

46

u/UGetnMadIGetnRich Feb 13 '25

You are too smart for here

3

u/se7enthson Feb 13 '25

Have you heard of estimated quarterly tax payments?

20

u/Iggyhopper Feb 14 '25

I do stocks, not taxes.

2

u/se7enthson Feb 14 '25

IRS has already considered what you suggested and you'd pay a penalty unless you pay quarterly estimated taxes

1

u/RainieDay Feb 14 '25

Not if OP made significantly less last year. It's the lesser of taxes owed in a year and 110% of last year's taxes.

1

u/Heysous Feb 18 '25 edited Feb 18 '25

Can you please ELI5 this for me. The taxable event occurs when the stock is sold, regardless of if the gains are reinvested. How is tax rate reduced by investing in the etf?

Edit OK I figured it out you're suggesting offsetting the tax with the expected rate of return for the market over 1 yr period

31

u/tomerh120 Feb 13 '25

Buy $JEPQ for the almost 10% dividend for $100k a year. and start a new trade with $10k

12

u/Iggyhopper Feb 13 '25

Make a victory bet. Another 100k with conviction. And keep the rest.

2

u/b0bbybitcoin Feb 14 '25

Why that over JEPI? Just curious

1

u/tomerh120 Feb 14 '25

$JEPQ better yield and lower volatility. I also like that it went less than the market in 2022 ( didn’t have position then but still).

1

u/MassiveAddition4212 Feb 15 '25

Glp-1 drugs will be bigger than Viagra.

6

u/NiceRelease5684 Feb 13 '25

10x on a non 0DTE option is not easy. We'll see, but it's very possible that you also top-ticked HIMS. If so, this will be in the running for best trade of the year.

1

u/B35TR3GARD5 Feb 13 '25

even more rare*

ALSO, CONGRATS AND FUCK YOU !! :))

3

u/mori226 Paid $1.25m to change his flair Feb 13 '25

Yeah yeah... I'm a special person. Grammar might not be my strongest suite. But thanks ;)

0

u/5cclub Feb 13 '25

Amazing. K so I'm really curious what the size of your portfolio is and do you have a day job or do you just trade?

29

u/[deleted] Feb 13 '25

Is there like a fantasy stock market simulator? I want to start playing around with call and puts but not with my real money until I learn more about what it entails. Any suggestions?

24

u/MurderousLemur Feb 13 '25

Thinkorswim has a paper trading option, but I've never used it.

3

u/Equivalent-Story-532 Feb 13 '25

💯 ToS is one of the best simulators for options.

1

u/Icy-Ticket-1817 Feb 13 '25

just use watchlist on robinhood

1

u/AssignmentChoice762 Feb 13 '25

I cashed out early, could slap myself in my face all day long.

1

u/theLennoxMacduff Feb 13 '25

Not a myth, this mfr is now a legend.

1

u/SomeDragonfly Feb 14 '25

It’s not very often someone has the emotional intelligence to understand they have no financial intelligence. I’m in awe. Bravo.

I await our invite to the yacht party