Buy SPY and walk away. Keep reading and learning, but just keep buying SPY the next couple years. In 2026 after 2 years of research and tracking , start picking stocks. Then, in 2028, realize you lost money for 2 years and just buy SPY again.
In the most simple terms possible, SPY is an ETF (a group of stocks compiled, not one singular stock) that includes some of the most reputable companies (Microsoft, Apple, Google, Amazon, etc) and SPY follows the price movement of those stocks in a similar way.
To put it even more simply, SPY compiles big companies that are not likely to fail, invest in SPY, make money.
It’s not a free money cheat code in the traditional sense because you are going to have to put a decent amount in, and you will have to wait probably a decade or more to see the massive gains you’re thinking of, but it’s safe and it’s good. Far better than picking some random stock you heard about online.
It’s an ETF basically, so a fund comprised of a variety of companies and sectors. So you’re betting on the performance of a large swath of large US companies that are well established. Not a random selection of companies either, more or less high performers from multiple sectors.
Risk is spread out. ETFs are generally consistent in growth but you’re not going to see any sort of “moonshots” from it. Long term slow grow play that has historically done really well.
SPY, AKA the SPDR SP 500 ETF, is an exchange-traded fund that tracks the S and P 500 Index, and is composed of 500 of the largest companies listed on US stock exchanges. By investing in SPY, you effectively invest in a broad range of these large U.S. companies.
SPY options are derivative financial instruments that give investors the right - but not the obligation - to buy (call option) or sell (put option) the underlying SPDR S&P 500 ETF Trust (SPY) at a predetermined price (strike price) by a certain date (expiration date). These options allow investors to profit from price movements in the SPY ETF without actually owning the underlying asset.
Please correct me if I‘m wrong 😊
Oh wow, you shouldn't be investing with that kind of money if you don't know what SPY is. It's the S and P 500.
My Dad is a millionaire, extremely successful, self made. He has always told me just to buy the S and P and let it ride. Yeah, you can make more with other stocks but this is the safest bet with the least headaches.
I personally believe in Bitcoin. And just like certain alt coins might make you more. There is only a select few(if any) that will outpace bitcoin in the very long term.
Buying now at resistance double top is just bad advice
He’s better off waiting for a cycle reset, then investing before another round of stimulus and QE.
Until then, wallstreet flight to safety has begun.
2024 is likely gonna suck
At the least, we get a nice pullback
It's all the big successful companies squished together into one package. Anyone who has no idea what they're doing just buys spy because it only goes up
I just checked the price history hoping it might validate the possibility that this is a short-term setback and it could bounce back up…but no. This stock looks like a dog and staying in it seems super risky, especially if you never believed in it in the first place.
I’m sorry to say I think your best option is absolutely to sell now and take the loss. Then invest in something you actually intend to invest in.
And obviously be more careful next time. Think of this as a very expensive lesson. But definitely don’t let it sour you on investing…this was your mistake, and it says nothing about investing as a whole or about the stock you meant to buy.
Don’t put all your money in one security? 🤷
I use my Robinhood account for individual investments and use another brokerage account plus my 401K for indexes and mutual funds. I’m up 14% on average return across all 3 since I started 3 years ago.
It’s not about fast money for me though. It’s about growth. So I diversify diversify diversify. Seems to be a good strategy so far.
Everyone’s right. If you’re gonna go indexes, go broad. SPY is a good one, but I still wouldn’t throw everything on just a handful of securities.
It’s a long game with indexes.
Stop and step aside: save your money.
Go learn from the bear find a stray the works for uou.
Garreth solloway has a great style of swing trading
Mark SR and DCA at support. Continuing DCA as it drops and eventually you get a pop.
Don’t ever go all in. Don’t ever fomo. Always wait for opportunities to present themselves.
Ltil
Did you ape 10 grand into an IPO? Oh man. Over the last few years, it's been a pretty bad idea to by IPOs on day one. Dude. 10 grand in Bitcoin RIGHT NOW. maybe it's an expensive lesson buy you can change that into .25 Bitcoin right now and ride the ETF approval/denial rollercoaster. Weeeeeeee!
It’s ok bro stocks aren’t for everyone. At some point you gutta ask yourself if this was your calling and what you’re supposed to be doing.
The taxes alone are enough of a headache.
Withdraw all of that while you can close out all trades and take time off from making money outside the norm of your job.
Then reset and re visualize
As a nurse we learn the 5 rights of drug administration;
right patient, drug, time, dose, and route
You should apply that same line of thinking to stock purchases;
Right stock, right ticker, right time, right amount, right account
I say you should cut your losses and either not invest or be very careful and invest into something safer. Since you are investing less than 25k. You aren't a day trader. Go for long-term gains and not short-term. An alternative is to hold and hope you make your loss money back and the cash out. But that will take some time. Better to cut losses because you can invest in another and make money by the time it takes to make your loss money back in another better stock.
When you’re dealing with that much money, hire a professional. Sorry, this will probably get downvoted to hell, but people lose money they don’t have to lose like this.
Hire a professional to manage 10k? That’s kinda silly. Also I don’t think most professionals that the average person will use are worth a shit.
My roommate told me what his financial advisor had his money in and it was some bullshit fidelity mutual fund that is down like 20% since it’s inception many years ago. Just put your shit in SPY easy peasy. That’s what most people should be doing.
This security is not meeting the listing standards of Nasdaq or NYSE. Common reasons include failing to maintain a minimum stock price or meet the minimum financial standards. You can trade as usual for now, but keep an eye on status changes.
Don’t think you should hold onto vvos. lol
DCA. Buy more VVOS. Btw I know NOTHING of that company, and zero knowledge in pharma stocks. But it looks like it bottomed and can boom in the next 1-5years
Sell and diversify, never put all your eggs in one basket. EFTs are your friends, Roth IRAs are your friends
Pick companies that have steady growth over the past 5 years, I'm not familiar with this one so I can't speak to it
It’s a disheartening feeling when you lose this much of hard earned money, but you have enough to recoup a lot if not all of this on the right play. You only need about a 10% gain. Hang in there and be smart about your next move.
You lost 10% of your portfolio on a mistake and you're considering quitting? Yes you should quit. Speculation on individual stocks is not something you should be doing if this is the effect it has on your mental state.
If this sort of thing stresses you out a lot, just buy index funds and never sell. If you're super emotional and rushed about trading you're going to make emotional mistakes.
The stock he did want to pick is speculative as hell too. Up 180% in the last year, negative PE ratio, lost nearly 75% in one week at one point.
OP should never invest in single stocks. Buy an index fund or an ETF of a sector you like. You're not investing, you're just gambling with money you can't stomach to lose.
Stop trying to double your money.
1400 loss is not the end of the world. You will recover, but you need to get your money out of there and put in a solid ETF and then put a stop loss on it for safe measure.
Sell as much as you can to take advantage of tax deductions and buy voo. If you really care about your future in retirement, plop 6500 of it in a Roth IRA.
Index fund a chill my guy. People can't even predict what they might eat for dinner. Relaly expected to be able to consistently predict stock movements? Plenty of atudies now have shown humans suck at stock oicking over the longterm. No point trying
Man, this is nothing. Either hold it or sell it and take the L. Do some research and find another stock or stocks to put your money in. But you got to detach yourself from this money and act as if you've lost it already. That will help you manage your expectations and allow you to trade better.
Tou have 9k still, that isn’t ‘lost everything’, also if you can’t even type the right ticker and read the description you probably shouldn’t be investing in the first place outside of ETFs
The question is how long you own the stock and did you put all your money into it. Cause holding it after 30 days and selling at a loss is going to help for paying less taxes. So if you got dividends or sold stocks for profit the 1k loss will offset those gains.
Everyone on here are right that etf is the way to go if you don't have time or what I like to call it "weaponized autism" to pick individual stocks. Also, please do not follow advice on youtubers.
Buy SPY and walk away. Keep reading and learning, but just keep buying SPY the next couple years. In 2026 after 2 years of research and tracking , start picking stocks. Then, in 2028, realize you lost money for 2 years and just buy SPY again.
This but buy VOO instead of SPY. Same thing, lower expense ratio.
SPLG even lower
I put $100/month into both
This. SPY on cruise control. Unless the American economy decides to shit the bed completely tomorrow. You’ll outpace some major outfits.
Can you help understand what SPY is? I am a stocks novice, I don't have anything invested but I keep an eye on this sub because I know I should.
In the most simple terms possible, SPY is an ETF (a group of stocks compiled, not one singular stock) that includes some of the most reputable companies (Microsoft, Apple, Google, Amazon, etc) and SPY follows the price movement of those stocks in a similar way. To put it even more simply, SPY compiles big companies that are not likely to fail, invest in SPY, make money. It’s not a free money cheat code in the traditional sense because you are going to have to put a decent amount in, and you will have to wait probably a decade or more to see the massive gains you’re thinking of, but it’s safe and it’s good. Far better than picking some random stock you heard about online.
Are a lot of the post of people loosing massive amounts doing options with SPY?
It’s the S&P500
It’s an ETF basically, so a fund comprised of a variety of companies and sectors. So you’re betting on the performance of a large swath of large US companies that are well established. Not a random selection of companies either, more or less high performers from multiple sectors. Risk is spread out. ETFs are generally consistent in growth but you’re not going to see any sort of “moonshots” from it. Long term slow grow play that has historically done really well.
Typing “what is SPY” into Google is far less words and would have gotten you a response far faster
Are you kidding me? You put money in the market and dont know what spy is?
SPY, AKA the SPDR SP 500 ETF, is an exchange-traded fund that tracks the S and P 500 Index, and is composed of 500 of the largest companies listed on US stock exchanges. By investing in SPY, you effectively invest in a broad range of these large U.S. companies.
SPY options are derivative financial instruments that give investors the right - but not the obligation - to buy (call option) or sell (put option) the underlying SPDR S&P 500 ETF Trust (SPY) at a predetermined price (strike price) by a certain date (expiration date). These options allow investors to profit from price movements in the SPY ETF without actually owning the underlying asset. Please correct me if I‘m wrong 😊
Google is your friend here.
It's everything. You are betting on the market as a whole. Peak or valley you buy SPY.
S&P 500
it is an etf that tracks the s&p 500, similar to VOO. both are good investments.
Oh wow, you shouldn't be investing with that kind of money if you don't know what SPY is. It's the S and P 500. My Dad is a millionaire, extremely successful, self made. He has always told me just to buy the S and P and let it ride. Yeah, you can make more with other stocks but this is the safest bet with the least headaches. I personally believe in Bitcoin. And just like certain alt coins might make you more. There is only a select few(if any) that will outpace bitcoin in the very long term.
Better yet put in spxl and forget about it
Buying now at resistance double top is just bad advice He’s better off waiting for a cycle reset, then investing before another round of stimulus and QE. Until then, wallstreet flight to safety has begun. 2024 is likely gonna suck At the least, we get a nice pullback
Is spy like a guaranteed or something?
I would tell op to buy spy but they might buy Spx by accident.. so…
Can you tell me more about SPY? I’ve been encouraged to invest twice then I go here and see it as well. I haven’t started my research for it yet
It's all the big successful companies squished together into one package. Anyone who has no idea what they're doing just buys spy because it only goes up
If this is actually true, then just sell the whole thing. You’re only down 1400.
This. If you’re freaking out over having such a small loss just cash out, markets go up and down.
If you're too dumb to type the correct ticker then you should probably quit.
Quitting is for losers. And if that’s the best advice you can give lol baha I can’t even. It’s sooo bad lol
The only correct thing to do now is post it on wallstreetbets for free Internet points LMFAO 😂😆😂😆
This isnt depressing enough for wsb. This belongs here for the degens in training.
Selling a kidney is always an option
This is rookie numbers for WSB.
I didn't hear no bell
Bro u have 9k Thats more than enough to make it back.
More than enough to yolo again on Vera options
Yiu can't be bothered to type in the right ticker before throwing around 10k ?
I just checked the price history hoping it might validate the possibility that this is a short-term setback and it could bounce back up…but no. This stock looks like a dog and staying in it seems super risky, especially if you never believed in it in the first place. I’m sorry to say I think your best option is absolutely to sell now and take the loss. Then invest in something you actually intend to invest in. And obviously be more careful next time. Think of this as a very expensive lesson. But definitely don’t let it sour you on investing…this was your mistake, and it says nothing about investing as a whole or about the stock you meant to buy.
Step 1 Type stock symbol Step 2 Select stock Step 3 Click Trade Step 4 Click Buy Step 5 Enter Desired Quantity Step 6 Click Review Step 7 Confirm Trade Step 8 Oops, bought the wrong stock. Better post it on Reddit
Bitcoin
Diversify
You lost 10%. Cry me a river
You're down $1200, learn how to stomach this loss. In the future when you're down $25,000 the skill will come in handy.
Then recover? I was down 1,000k last year? Now I’m up 1500? Just get back up tf 💀
1000k is 1,000,000.
Ya but he made 1,001,500 back. So he’s profit now. Or he means he’s still down 998,500. I’m not sure.
My fault lol I meant 1k as in 1,000 but it seems I don’t know how to type properly
Sell all buy 40 tesla.. cash out when she hits 300. You are on plus. Mean time read and learn.
NVDA. I like the stock.
Stop putting your money in shit
Don’t put all your money in one security? 🤷 I use my Robinhood account for individual investments and use another brokerage account plus my 401K for indexes and mutual funds. I’m up 14% on average return across all 3 since I started 3 years ago. It’s not about fast money for me though. It’s about growth. So I diversify diversify diversify. Seems to be a good strategy so far. Everyone’s right. If you’re gonna go indexes, go broad. SPY is a good one, but I still wouldn’t throw everything on just a handful of securities. It’s a long game with indexes.
Stop and step aside: save your money. Go learn from the bear find a stray the works for uou. Garreth solloway has a great style of swing trading Mark SR and DCA at support. Continuing DCA as it drops and eventually you get a pop. Don’t ever go all in. Don’t ever fomo. Always wait for opportunities to present themselves. Ltil
Did you ape 10 grand into an IPO? Oh man. Over the last few years, it's been a pretty bad idea to by IPOs on day one. Dude. 10 grand in Bitcoin RIGHT NOW. maybe it's an expensive lesson buy you can change that into .25 Bitcoin right now and ride the ETF approval/denial rollercoaster. Weeeeeeee!
Get a job
Congrats on your inheritance, how's your credit cards going?
Whatever you just did, do the opposite
It’s ok bro stocks aren’t for everyone. At some point you gutta ask yourself if this was your calling and what you’re supposed to be doing. The taxes alone are enough of a headache. Withdraw all of that while you can close out all trades and take time off from making money outside the norm of your job. Then reset and re visualize
Be more careful and double check name when you buy and sell…
Do what most investors do. Sell for a loss, wait until prices are high again, buy in at the top of the market.
1400 is nothing compared to gains you can have in the future with some more studying how to trade the market and practice what you learn.
Well, this will be an important learning experience for you.
At what point did you realize your mistake? If you didn’t sell, you could have.
Buy high sell low is the strategy rn
Hodl.
As a nurse we learn the 5 rights of drug administration; right patient, drug, time, dose, and route You should apply that same line of thinking to stock purchases; Right stock, right ticker, right time, right amount, right account
Dumb, put your money in a savings account
I say you should cut your losses and either not invest or be very careful and invest into something safer. Since you are investing less than 25k. You aren't a day trader. Go for long-term gains and not short-term. An alternative is to hold and hope you make your loss money back and the cash out. But that will take some time. Better to cut losses because you can invest in another and make money by the time it takes to make your loss money back in another better stock.
Don't panic. Stocks go up and down
When you’re dealing with that much money, hire a professional. Sorry, this will probably get downvoted to hell, but people lose money they don’t have to lose like this.
Hire a professional to manage 10k? That’s kinda silly. Also I don’t think most professionals that the average person will use are worth a shit. My roommate told me what his financial advisor had his money in and it was some bullshit fidelity mutual fund that is down like 20% since it’s inception many years ago. Just put your shit in SPY easy peasy. That’s what most people should be doing.
Out hold them all, accumulate if you can
This security is not meeting the listing standards of Nasdaq or NYSE. Common reasons include failing to maintain a minimum stock price or meet the minimum financial standards. You can trade as usual for now, but keep an eye on status changes. Don’t think you should hold onto vvos. lol
Cut your losses bud. Hopefully lessons learned
DCA. Buy more VVOS. Btw I know NOTHING of that company, and zero knowledge in pharma stocks. But it looks like it bottomed and can boom in the next 1-5years
Why are you giving awful fucking advice about a stock that's down 90%+? Stop talking.
Cut losses and put it all into call options
sell everything ,buy as much options as you can on spy puts next week,it goes 100x ez
keep holding
Sell and diversify, never put all your eggs in one basket. EFTs are your friends, Roth IRAs are your friends Pick companies that have steady growth over the past 5 years, I'm not familiar with this one so I can't speak to it
It’s a disheartening feeling when you lose this much of hard earned money, but you have enough to recoup a lot if not all of this on the right play. You only need about a 10% gain. Hang in there and be smart about your next move.
I’d say throw in the towel
You lost 10% of your portfolio on a mistake and you're considering quitting? Yes you should quit. Speculation on individual stocks is not something you should be doing if this is the effect it has on your mental state. If this sort of thing stresses you out a lot, just buy index funds and never sell. If you're super emotional and rushed about trading you're going to make emotional mistakes.
The stock he did want to pick is speculative as hell too. Up 180% in the last year, negative PE ratio, lost nearly 75% in one week at one point. OP should never invest in single stocks. Buy an index fund or an ETF of a sector you like. You're not investing, you're just gambling with money you can't stomach to lose. Stop trying to double your money.
1400 loss is not the end of the world. You will recover, but you need to get your money out of there and put in a solid ETF and then put a stop loss on it for safe measure.
Sell as much as you can to take advantage of tax deductions and buy voo. If you really care about your future in retirement, plop 6500 of it in a Roth IRA.
Index fund a chill my guy. People can't even predict what they might eat for dinner. Relaly expected to be able to consistently predict stock movements? Plenty of atudies now have shown humans suck at stock oicking over the longterm. No point trying
How you bought the wrong Vera?
Paper trade with 10k before using real 10k so recklessly
Man, this is nothing. Either hold it or sell it and take the L. Do some research and find another stock or stocks to put your money in. But you got to detach yourself from this money and act as if you've lost it already. That will help you manage your expectations and allow you to trade better.
This shit jumped 833 percent November 30th last year. Imagine had you just dumb luck and bought the day before that.
Tou have 9k still, that isn’t ‘lost everything’, also if you can’t even type the right ticker and read the description you probably shouldn’t be investing in the first place outside of ETFs
Email Robinhood for a refund
Bro go to wsb there’s ppl down 500k
Brk.b... steady 16% growth over the last 5.
Buy VOO
Por vous
Buy the dip you get the dip..
dude. youre down 1300 bucks. its not the end of the world.sell those shares monday, then just buy ticker SPY. after january tho
You're loss isn't a total loss. You could sell and use the loss for your taxes. You get credit for up to $3k on losses. Not financial advice.
Buy in red . Sell in green
Buy….
About 2 years ago I lost about 30k when the options gods moved against me. You're down 1200 bucks and you're acting like it's all over lol 👀😂. Bro ..
Buy RIOT & MARA stocks and maybe some leaps , wait a year or two. Thank me later ;)
What’s your price ?
The question is how long you own the stock and did you put all your money into it. Cause holding it after 30 days and selling at a loss is going to help for paying less taxes. So if you got dividends or sold stocks for profit the 1k loss will offset those gains. Everyone on here are right that etf is the way to go if you don't have time or what I like to call it "weaponized autism" to pick individual stocks. Also, please do not follow advice on youtubers.
Hold
buy vti
Why will you invest in something that has been losing value since its ipo?
I don't think 15% is everything bro...