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I'm in the red... help get me in the black.

Posted on 10/27/21 at 10:23 am
Posted by Me Bite
A.K.A. - Bite Me
Member since Oct 2007
7148 posts
Posted on 10/27/21 at 10:23 am
I'm currently down 20% due to poor decisions on RKT, NOK, FORW, HMBL, & ZOM. Should I bite the bullet and invest the ~ $11K somewhere else?

I just know the old saying... you don't lose money until you sell, but I'm tired of seeing red... especially with the market doing so well!

HELP... TIA
Posted by wickowick
Head of Island
Member since Dec 2006
45799 posts
Posted on 10/27/21 at 10:24 am to
In before Standard Lithium is mentioned
Posted by ccarrone0313
Member since Jul 2021
1426 posts
Posted on 10/27/21 at 10:24 am to
put it all on the LSU Alabama spread next weekend
Posted by GeneralLee
Member since Aug 2004
13103 posts
Posted on 10/27/21 at 10:24 am to
Should've listened to SmackoverHawg not AT! How did you miss the SLI thread?
Posted by Ross
Member since Oct 2007
47824 posts
Posted on 10/27/21 at 10:25 am to
idk man there is always SPY for pretty regular greens

crypto is a riskier play in terms of volatility but over time always finds itself in the green
This post was edited on 10/27/21 at 10:26 am
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 10/27/21 at 10:25 am to
Bless your heart
Posted by Me Bite
A.K.A. - Bite Me
Member since Oct 2007
7148 posts
Posted on 10/27/21 at 10:36 am to
quote:

Should've listened to SmackoverHawg not AT! How did you miss the SLI thread?


I'm in SLI... just wish I would have put more. The above investments aren't all of them, just the ones I'm tired of!
Posted by Champs
Geaux Tigers
Member since Feb 2008
11699 posts
Posted on 10/27/21 at 10:43 am to
shibusd
Posted by GeneralLee
Member since Aug 2004
13103 posts
Posted on 10/27/21 at 10:51 am to
Yeah if it was me I'd just eat the loss on those for tax harvesting purposes
Posted by xxTIMMYxx
Member since Aug 2019
17562 posts
Posted on 10/27/21 at 10:52 am to
Where on earth did you get those ideas?
Posted by xxTIMMYxx
Member since Aug 2019
17562 posts
Posted on 10/27/21 at 10:53 am to
By the way. Change up your strategy and don’t try to get it all back at once. Your whole will get bigger
Posted by el Gaucho
He/They
Member since Dec 2010
52925 posts
Posted on 10/27/21 at 10:54 am to
Put it all in Whsi brother
Posted by AUHighPlainsDrifter
South Carolina
Member since Sep 2017
3077 posts
Posted on 10/27/21 at 11:03 am to
quote:

I'm currently down 20% due to poor decisions on RKT, NOK, FORW, HMBL, & ZOM.


Ahhh! shite, baw! You're going to trigger my PTSD from being a former HMBL and ZOM investor.

If I were in your situation (and I was), I would sell those F'ers faster than shite through a goose and put my money into something that has a chance of going up sometime soon.
Posted by deltaland
Member since Mar 2011
90526 posts
Posted on 10/27/21 at 11:43 am to
SLI just dipped under 12 dollars

Good be a time to buy more
Posted by Beessnax
Member since Nov 2015
9131 posts
Posted on 10/27/21 at 11:47 am to
20% is alot to lose and will take a long time to recover. I would definitely have a different investing strategy moving forward and stick with the plan. If you think about it, the big money on Twitter pumps was made long before you heard about it.
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
31064 posts
Posted on 10/27/21 at 12:16 pm to
I've had good success just watching CNBC every day and listening to what those people say. Cross their perspective with what you're seeing and go from there.

MRNA, LYV, MGM, GM are a few I've bought that way which have done well (though GM is only barely green for me).

ETA: Probably goes without saying, but picking the right stock is the first part. Timing the buy of it is just as important.
This post was edited on 10/27/21 at 12:18 pm
Posted by AUHighPlainsDrifter
South Carolina
Member since Sep 2017
3077 posts
Posted on 10/27/21 at 12:41 pm to
quote:

stick with the plan


...but not the AT plan. That is what got him to where he's at now.
Posted by Ping Pong
LSU and UVA alum
Member since Aug 2014
5346 posts
Posted on 10/27/21 at 12:47 pm to
I feel you man. I was up to $13K in February from a $500 investment a year prior. The balance of the same account is now a little over $2K. Its been a rough year for me
Posted by MSTiger33
Member since Oct 2007
20367 posts
Posted on 10/27/21 at 1:24 pm to
Dump hmbl and take the loss
Posted by slater
Member since Dec 2020
50 posts
Posted on 10/28/21 at 8:40 pm to
I just sold off my loser positions of penny stocks & went long on lucid,
sold humbl, sls, tptw, nakd....
This post was edited on 10/28/21 at 8:41 pm
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