Casino-Style Plays

Degen-Trade Calculator

High leverage, memecoins, and 0DTE options — three of the fastest ways to turn an account into a lesson. This tool doesn't judge the play. It just shows you exactly how risky it really is, based on your actual account value, so you walk in with eyes open instead of vibes.

Read this before you touch a single input. All three trade types below can lose 100% of the position — often within minutes. If you can't afford to lose the exact dollar amount you're about to type in, close this tab instead.

Not financial advice, and not encouragement. This calculator exists purely to make the risk of these three trade types concrete and personal to your account — it does not recommend for or against making any of them. High leverage, memecoins, and 0DTE options can all lose 100% of the position, often quickly. Never risk money you can't afford to lose completely. Consult a licensed financial advisor before making any investment decision.

What "Degen" actually means here

These three trade types share one thing in common: the position can realistically go to zero — not "down a lot," actually zero — sometimes within minutes. That's fundamentally different from a stock dropping 20%. This tool scores each play from Sensible to Cook or be Cooked based on how much of your account is exposed to that all-or-nothing outcome, plus how fast that outcome can arrive.

Casino-style plays aren't automatically wrong — plenty of experienced traders set aside a small, deliberate "degen budget" for exactly this kind of thing. The problem is sizing one like it's a normal trade. This tool exists to stop that from happening by accident.

Can I Afford to Lose This?

Two questions, one chart: what's the real dollar hole if this goes to zero, and how far would you need to climb back to break even? The dots stack left to right — Margin, then +Memecoin, then +0DTE — so the rightmost dot is your true combined position if all three went wrong at once.

Margin / Leverage
$0 lost → $0 left
0% of account · 0% recovery needed
Memecoin
$0 lost → $0 left
0% of account · 0% recovery needed
0DTE
$0 lost → $0 left
0% of account · 0% recovery needed
Overall Rating
Sensible
Average across all three plays
If All Three Went Wrong at Once
0%
gain needed just to break even — $0 combined loss
Account deficit is the real dollar hole — not a percentage, the actual number missing from your account if that specific play goes to zero. Before you commit to anything below: can you actually afford that number, and are you okay with how far you'd have to climb back if it happened?
Margin / Leverage (10x+)

Perpetuals, futures, or margin positions at high leverage. The math here is about how close your liquidation price actually is.

SensibleDegenCook or be Cooked
% of Account
0%
Position Size
$0
Liquidation Move
0%
Cash Left If Liquidated
$0
If Liquidated, Recovery Needed
0%
Why this matters: at 10x leverage, roughly a 10% move against you wipes the position. At 50x, it's about 2%. At 100x, it's about 1% — closer to noise than an actual price move. Higher leverage doesn't just mean bigger gains or losses, it means the distance to zero shrinks fast.
Memecoin

No fundamentals, no earnings, no floor. Some memecoins 10x. Most eventually round-trip to zero.

SensibleDegenCook or be Cooked
% of Account
0%
Wipeout Move (if leveraged)
Account If It Goes to Zero
$0
Recovery Needed If Zero
0%
Why this matters: unlike a stock, a memecoin has no earnings, no business, and no floor to fall back on — "zero" is a completely normal outcome, not a tail risk. Add leverage on top and you don't even need it to hit zero — a leveraged memecoin position can wipe out on a normal, boring dip that a spot holder would've shrugged off.
0DTE Options

Options expiring today. Theta decay is brutal even on a normal option — on expiration day, it's savage.

SensibleDegenCook or be Cooked
% of Account
0%
Strike Distance
Account If Worthless
$0
Recovery Needed If Worthless
0%
Why this matters: 0DTE contracts frequently expire completely worthless — there's no tomorrow for theta to give back. Even a "small" 0DTE position carries more built-in risk than the same dollar amount in a longer-dated option, because there's zero time left to be wrong and recover. Check the Options Calculator and its Theta Decay Meter to see exactly how steep that curve gets near expiration.