WallStreetBets trader loses three years of salary after October 6 peak
As seen on the 24/7 Wall St. homepage on November 7, 2026.
Good news is I only lost 2 years of my salary. Bad news is that my salary is much higher than yours.
A trader reporting roughly three years of salary wiped out since the October 6 peak drew 255 comments, most of them from people in the same hole. The replies share one trait: single-name concentration with no hedge, which is how a drawdown turns into a career-length setback.
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A post by user Odd-Block-2998 on r/wallstreetbets laid out losses across both a Charles Schwab and a Robinhood account, with the author describing the damage as roughly three years of salary wiped out since what they called the market peak on October 6. The response volume signals the loss struck a nerve well beyond one person's portfolio.
The position was 100% concentrated in a single name with no options and no leverage, meaning the entire drawdown came from a straight equity bet with no hedge in place. That kind of single-name concentration is a recurring theme in the comment section, where other users shared screenshots suggesting they were in a similar position.
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The top comment, from Fun_Muscle9399 with 156 upvotes, delivered the thread's sharpest line: 'Good news is I only lost 2 years of my salary. Bad news is that my salary is much higher than yours.' The gallows humor landed because it measured the loss in time, the unit that actually stings.
The original poster closed with a note that at least there would be no capital gains taxes to worry about this year, a small silver lining that only applies when losses are large enough to offset any remaining gains. The comment thread pushed back on the 'never expected' framing, with several replies pointing out that concerns about an AI bubble had been circulating for months before the October peak.