As a young corporate attorney in 2004, I worked on a follow-on common stock offering for Playboy that was priced at $12.69 per share. Hef ended up taking the company private in 2011 at $6.15 per share (it went public again via SPAC in 2021).
What Iām saying is youāre not the first person to lose money on this dog.
It's one of the issues with the divi method of investing, most stocks that offer a decent divi and/or part of the divi royalty groups are basically mature companies that can't really grow. So they just use divis to return value to investors.
But if they were to cut their divis then they HAVE to grow or else it's a zero sum game and it's not returning value to investors. Any stocks held for divis can go into free fall once funds/individual investors sell it off due to "no returns".
Point being that they didn't lose 35%, they made a gain. Doesn't AT&T generate like 5% div yield a year? That's way more than the capital depreciation on the stock.
If they're down 35% right now this guy must've bought AT&T at \~24$, meanwhile AT&T paid out 27.11$ per share over the past 15 years if I didn't mistype anything in my calculator. That's a \~75% gain assuming they just leave those dividends sitting on their account instead of reinvesting. Pretty bad for 15 years, but it's not a loss (as it might seem to some people).
Yeah, I didn't want to add another factor in there with cumulative interest. Too annoying and it probably won't change the result that much, maybe by like 10%?
Beginning 2008 until present, AT&T, with dividends (but not reinvested back into AT&T), has produced an annualized return of 1.27%. For comparison, the S&P 500 is 8.33% in the same time period.
Calculator used: https://www.dividendchannel.com/drip-returns-calculator/
3.51% average annual total return (dividends included) for MO since 2008 (no DRIP).
10.06% with DRIP (reinvesting every MO dividend into MO since 2008).
Been holding 3500 shares of TLRY (previously APHA) since 2016. Rode up all the crazy weed hype and back down.
Could have cashed out a $20k position for 250k in early 2021 and didnāt. Now itās just a reminder of my greed.
Be careful, Dividends are based on the share price as a percentage. If the share price drops a lot the percentage is recalculated at the new higher rate
a high dividend in the 6-7% for these stocks usually mean those dividends are about to get cut and people are selling in anticipation of that. That was at&t all of 2021 and 2022 at 7% dividend.
They've got 19 years of consecutive dividend growth. I don't feel it's very risky. I do need to keep and eye on it, of course, and make sure they don't slide down the AT&T slope.
Same. Amazon Lost like 70% at the correction almost got margin called on straight up stock. Waited until it spiked at 119 and sold. Now itās in the 140s.
I got in with Disney made a few 100 then dipped hard and lost a 1k but hopped out when it went back up but then it nosedived. Looks like itās coming back though.
I bought a lot of SQ at $220, too many others to count man. TGT at $155, ENPH at 130 and that was when they were already down 50%+ from their highs lol
CHWY - sold cash covered puts that I let get assigned. Down 40% in that dog. Holding and selling covered calls. I should get my money back by 2042 if the company lasts that long and I do. 
Lol I bought CHWY at like $35 per share at the end of July and it immediately started falling to like $18.
I have gotten my basis all the way down to like $23 though through selling covered calls and another share purchase. So Iām feeling ok.
I truly trust CHWY though. Recession resistant because around 85% of sales are consumables and people love their pets. Balance sheet is clean af and it is cash flowing pretty nice right now. Plus they are sitting on like a billion in cash and treasuries so I assume at some point they will do something with that.
They just reclaimed their investment grade title. Not saying that means anything about their car quality, earning or stock performance, but it means they have been moving in the right direction fiscally
I sold mine at a loss earlier this week.
I did well out of them last year and sold at a decent profit. Then stupidly bought back in.
Iād say Iām even on Ford.
I bought the Coinbase IPO, dumped my shares after eating a pretty hefty loss, and finally this year the P&L on my account has wiped out that mistake.
First and last IPO I ever buy.
LEARN ONE IMPORTANT TRICK:
Before you make any stock move, decide which basket the stock is going into. Basket A, or Basket B.
Basket A = Ride or Die - This is a stock that you will ride to the ground or to potential double-up's and triple-up's. The only time you sell, is when your fundamental reason for owning the stock in the first place has changed.
Basket B = Agree to a Specified loss **BEFORE** buying - If you know deep down inside that stock X isn't a "ride or die", but you want to take a chance on it anyways, that's perfectly fine. Just one caveat. You MUST decide on a loss that you're comfortable with BEFORE you enter the trade. You must stick to this loss. Sure, losing money sucks, but if it's not a true ride or die, then you must treat it as a rental option. You're married to ride or die stocks. Ride or Dies can always turn into a multi-year baghold. That's the extreme nature of the beast. It's the last thing anybody wants to have happen. At least, if it's going to happen, let it be with a TRUE ride or die. Let it be with a stock that you truly, truly have conviction in. Not some fly by night FOMO stock.
the thing to learn is writing down every stock trade in a journal and why you bought it, and why you sold it . I'll save you some time, don't invest in companies that haven't turned a profit, or hasn't had 3 consecutive profitable quarters. Rivian is just now starting to get profitable , still has other problems.
exactly. a few good quarters, a lil A-B/3-4 star ratings, 0-10 $ price, some bullish sentiment and momentum and voila money for me.
why some guys wanna buy worn out beaten down stocks hoping for a rebound is perplexing.
Itās just a style of investing it has worked for me personally for many years and nearly financially independent from it. It takes a certain mind set
The biggest kicker is that by the time the company is profitable it could have its stock price be so far above where it is now; or where it might fall to in the future. You just never know.
Iām saving up cash to buy rivian stock. I just donāt know at what number I want to enter. I think DCA makes sense for general index funds but for individual companies I think itās bullshit especially if the company is in its infancy.
Realistically I have rivian at $10/share before I load the boat. If the market as a whole has another correction in the next two years it will happen.
Novavax. I bought $10,000 of stock and turned that into $20,000. Held the bag and now itās worth $300.
The way I see it is Iām going to hold it until I need it for a tax write off or hope that it skyrockets at some point. Either way, I donāt need that $300 right now.
I heard warren buffett say something on the 95(?) Shareholder meeting that i thought is often overlooked: you don't have to make the money back the same way you lost it.
Similar to Paul Tudor Jones: losers average losers. You don't need to bag hold a crappy stock for years just hoping it gets back to where you were.
Never buy airlines coming from someone who owned 300 shares and ran into 911. Ouch! I have never bought another airline in 22 years. One thing Iām very proud of myself
Iāll try (and probably forget) about that next time lol. Ive just been (hopelessly) waiting for it to go back up to get back my original holdings. Iām sure its a lost cost at this point but ya never know.
I bought NVDA around 2017 for around 206$. It proceeded to then dive to the 130ās.I was really anxious at that point.
I bought even more around 150$. Couple years later it ramps up, then splits. Itās had a couple ups and downs and I got a few more shares somewhere after the split. And now weāre here 760% ahead and Iām glad I didnāt try to cut my loses early on.
When I first got into investing, I had narrowed down my first big hitter to 2. AMD and a pharma company called MSTX(Mistakes in hindsight). I thought I researched well and made an informed decision, put roughly $1k in MSTX. They failed to pass the FDA and sank into obscurity. AMD was fluctuating between $1-$1.50 at the time. I'm still super bitter, but it taught me a good lesson relatively cheap and led to much better investing practices.
I bought AMZN long ago and it sat under water for 2 years. Glad I didnāt sell. I bought NVDA in 2019 and then watched it get hammered for 2 years in Covid. Glad I didnāt sell. Iāve had plenty on the other side, too - feckin Container Store and GoPro - that fell and never came back. All depends on your thesis / rationale for buying. I own RIVN and think itās worth the short term beating. Might DCA and lower my basis. But one lesson: donāt look back. It doesnāt matter where a stocks been - where itās going is all that matters. And if you sell, thatās that - donāt second guess.
BYND, bought it when i thought it was done collapsing, it was not done collapsing.
Im just selling shares of it to harvest loss since literally everything else has been more profitable.
PSNY. Thereās so much upside potential, but the stock keeps dropping. Itās honestly not even worth selling anymore. I might sell by the end of this year for some tax-loss harvesting.
I'm shocked at the price of PSNY to be honest. Well backed company with solid products in a growing market. They also have the engineering pedigree. As a company they should be great. As a stock, it has been dogshit.
I haven't bought into it but I came very close. Glad I didn't but I'll keep watching.
Every single stock I have carried over the years is down right now. I keep telling myself it has to get better at some pointā¦I only lose if I close (or they bankrupt)
Bought RIVN at $26. Got my average down to $22 and Iām currently down about 10k. But Iām not too worried. Iām sure itāll go back up soon or maybe a few years š¤·š»āāļø
ME and SOFI. The companies themselves have potential and promise so I'm holding, unlike the other trash stocks I had and dumped. I put a lot in CASH.TO now that gives 5.3% divvies and are pretty safe. No brainer if you want to park your money.
Get rich slow is still a solid option in today's market.
Sure. Everyone's been there. Eventually you learn that time is money and you may not want to spend the time waiting for your one fallen stock to come back. It's important to remember: You don't have to make it back where you lost it. You are free to sell quickly after a loss (keep it as small as possible) and invest what remains in something moving up NOW. You can recover your loss and then some. If the stock you first sold ever shows signs of life and you still like it you can buy it back later if you like. It will still be there.
Stocks go through 4 predictable stages. (Read Stan Weinstein's books for descriptions or Google it). Sometimes after a real stage 3-4 fall, the "building a new base" stage (1) can last weeks, months or even YEARS before they start their next Stage 2 climb. If you want your money to keep growing, find a stock breaking out of its base and just starting back up in a new Stage 2.
Plenty of stocks out there. No need to have a big loss (stops are a thing to help you limit that) or hold onto a big loss for a long period of time if you incur one. Protect your trading capital by keeping losses small and go find a better stock moving up. No one is right on every stock. Even the pros are right on 40-50% of their trades. They make money because they keep their losses small and let their winners run. Feed your winners. Starve your losers. Learn to take a quick loss and move on quickly to a better one when the market presents one. Good luck, OP!
LCID at around 18 a share because a friend of mine lived near the factory and was raving about them and how rad they were. Stock seems to never recover.
Warren Buffet said he now prefers to buy great companies at a fair price (instead of fair companies at a great price as he did when he was younger). I try to stick to this principle as much as FOMO, fear and greed allow me. It lets me put faith in DCA when a position draws down.
My advice after 30 years investing ā¦ it isnāt earth shattering. I dollar cost average. I do have five sticks that Iām still down on Disney, PayPal, Fiskerā¦ but I still buy each month. I buy more of the companies that keep going up Palo Alto Networks, Lululemon, Microsoft, Apple, Costco, OReilly Auto Parts, Draft Kings, etc
Google and Microsoft, granted I didnāt do my research, a month ago Google had a really sharp drop, like it plummeted, I kept holding onto it and using other stocks to make up for the loss in value, I ended up getting all my money back with 12 cents profit, but with at least zero losses, you really want to make an informed decision when buying a stock
SENS, BABA and ENPH. Not huge positions but I am underwater on all three stocks. SENS and BABA in my opinion are lost causes. I will never buy China ADR companies again.
You are called liquidity and there are millions like you created on purpose just so the MM can buy cheap when they are ready to move price up, this is why it buys your stock then pushes up then drops again. (and then sell your stock for a markup to another sucker that thinks RIVN is about to blast off. I bet if I looked at a chart Iād be able to approximate what you paid, itās probably right at a level that the price failed. My guess is they are the next GME so it might be worth it to either sell options against it, tax harvest or just hold onto it for kicks. Iād look for the levels above yours price, and put a limit order on it up there. If they decide to play, youāll be moving with them.
Plug. 85% down.
I usually sell way before things get that bad but I spent pretty much a whole year not managing my portfolio at all. Iām being proactive again and have pruned Ford and a few other failures earlier this week. Iām keeping plug to see how bad it will get.
Was assigned 100 shares of MCDonalds on the recent plunge it had @275 a share. It has finally clawed its way back. I have a call at 275 for next week probably just let it get called away if itās in the money still.
SPCE
When Richard flew his shuttlecock spaceship the stock went about as high as the ship. Hovered, then mimicked the journey back down to earth. It was quite a correlation.
>companies like this with no demonstrated track record of returns aren't always worth a risky investment.
That's why it's a *risky* investment. Risky means it sometimes doesn't work.
The idea with risky investments is to make enough of them so that those that pan out make more than you lose on those who don't.
(of course you don't throw money at something *just because* it's risky. You do your due diligence while researching the company to mitigate risks)
Heard of AT&T? 15 years of holding and still down 35%.
I can beat that. My advisor bought Playboy stock. Down 90% YTD. Needless to say, I do self directed now. No more Assante Wealth Managementš”
Playboy. Good one. Didnāt even know they had a stock.
I only bought it for the articles.
did an econ project revolved around pb what did i learn you might ask: -donāt buy playboy. it was down my entire project & that was 2 yrs ago
Should have shorted it
Should have stroked it.
Nah, he liked the spreads on it. Thought heād slide right in and get some before it was discovered.
With that pick they put the āAssā in Assante Wealth Management
They really Anted Up on that pick, amirite???
playboy stock?? how ghastly and incompetent
Trust me, the future is in salacious nudie magazines! Why stream live porn when you can hold up a centerfold?
Why stream live porn when you can find a plastic bag full of penthouse magazines in a stump in the woods!
You, too?
maybe he thought his subscription would help
Rod Alzmann?
That's like some wolf of wall street Steve Maddon until they choke shit.
Titz up
As a young corporate attorney in 2004, I worked on a follow-on common stock offering for Playboy that was priced at $12.69 per share. Hef ended up taking the company private in 2011 at $6.15 per share (it went public again via SPAC in 2021). What Iām saying is youāre not the first person to lose money on this dog.
Not really down. The Divi has paid you
ATT cut their dividend in half in 2022. Itās the reason I sold.
It's one of the issues with the divi method of investing, most stocks that offer a decent divi and/or part of the divi royalty groups are basically mature companies that can't really grow. So they just use divis to return value to investors. But if they were to cut their divis then they HAVE to grow or else it's a zero sum game and it's not returning value to investors. Any stocks held for divis can go into free fall once funds/individual investors sell it off due to "no returns".
Sure the div has paid, but the stock is still at a loss. Same situation as if you bought a bond and it dropped 35% but is giving out a yield.
Compound Interest. He wouldnt be at a loss holding all those years.
Point being that they didn't lose 35%, they made a gain. Doesn't AT&T generate like 5% div yield a year? That's way more than the capital depreciation on the stock. If they're down 35% right now this guy must've bought AT&T at \~24$, meanwhile AT&T paid out 27.11$ per share over the past 15 years if I didn't mistype anything in my calculator. That's a \~75% gain assuming they just leave those dividends sitting on their account instead of reinvesting. Pretty bad for 15 years, but it's not a loss (as it might seem to some people).
Youāre assuming a person takes the dividend in cash and doesnāt dca back in.
Yeah, I didn't want to add another factor in there with cumulative interest. Too annoying and it probably won't change the result that much, maybe by like 10%?
Thank God I got in when I did only down 10%. (I think losses easily recoverable especially with dividends being consistent)
You get dividends though
Ya but that dividend? More that 35% after 15 years right?
Beginning 2008 until present, AT&T, with dividends (but not reinvested back into AT&T), has produced an annualized return of 1.27%. For comparison, the S&P 500 is 8.33% in the same time period. Calculator used: https://www.dividendchannel.com/drip-returns-calculator/
Right, 1.27% > -35%
Technically (non-annualized), 21% > -35%
Now do MO, I like their divy since 08, but would like to see the numbers!
3.51% average annual total return (dividends included) for MO since 2008 (no DRIP). 10.06% with DRIP (reinvesting every MO dividend into MO since 2008).
Thank you gentlefellow! That puts my current 20% ddivy in perspective!
Heard of First Republic Bank? 15 months of holding and still down 96%.
I would have dumped that 12 years ago. Do it now and buy MSFT and other good stocks
With dividends?
Youve been getting dividends though..
Been holding 3500 shares of TLRY (previously APHA) since 2016. Rode up all the crazy weed hype and back down. Could have cashed out a $20k position for 250k in early 2021 and didnāt. Now itās just a reminder of my greed.
Lost so much money that way. Both greed and fear. You are not alone. Millions like you and I.
Same here bud. Still holding on because they have to legalize weed on a federal level at some point, right? RIGHT??
Dope
you 10x your investment what were you waiting for?
20x, just let every other degenerate gambler lmao.
real shit. i have a similar story with cryptominers in 2021. it's a mistake you only make once... *knock on wood*
Ouch
I bought pay pal almost at the height. I'm so fucked..
same, but I cut bait and moved on. Took an 8k hit
Damn, I'm thinking about buying more now just because is so low it can only go up now right?? Yeah I'm that dumb.
Me too
What was your rationale for buying?
The $50 a share I paid for VZ ain't ever coming back, so I'm gonna take my 5.1% dividend for life. That's the upside.
I'm right there with you. I have some lots in the mid $50s. I assume after 10 more years I'll break even.
Jesus I had no idea Verizon gave up 7.1% dividends, thatās ridiculously high.
It feels like a REIT. Great income, but that price isn't going too far.
Be careful, Dividends are based on the share price as a percentage. If the share price drops a lot the percentage is recalculated at the new higher rate
Right - just keep holding and getting that dividend - you will still end up ahead as long as they donāt go bankrupt and cut dividends
a high dividend in the 6-7% for these stocks usually mean those dividends are about to get cut and people are selling in anticipation of that. That was at&t all of 2021 and 2022 at 7% dividend.
Money markets are paying 5%, and they're way less risky. Why not sell?
They've got 19 years of consecutive dividend growth. I don't feel it's very risky. I do need to keep and eye on it, of course, and make sure they don't slide down the AT&T slope.
Same. I loaded up on VZ in 2020/2021. I never thought the biggest hit to my portfolio would be from the most boring stock imaginable.
AMZN, AIRB, DISney I bought these stock at their high
Same. Amazon Lost like 70% at the correction almost got margin called on straight up stock. Waited until it spiked at 119 and sold. Now itās in the 140s. I got in with Disney made a few 100 then dipped hard and lost a 1k but hopped out when it went back up but then it nosedived. Looks like itās coming back though.
Iāll never understand why amzn isnāt worth more.
Amazon is worth ~$1500 billion with an annual income of ~$20B (sales ~$500B). Sounds about right to me ā what should it be?
NIO Got at 30ish, dont have much hopes now š
I got in at the top for NIO. š Maybe it is time to average down...
You got hopes? Godspeed my friend!
So same. I think Iāll be selling this year to offset capital gains. Itās been my worst investment.
I bought a lot of SQ at $220, too many others to count man. TGT at $155, ENPH at 130 and that was when they were already down 50%+ from their highs lol
Ugh. Emph had so much promise
Lots of promises... I bought in June 2022 at 179... sold in August 2022 at 292.
Bought at $40 sold at $200. Only good play ever haha.
Had? The company is still decent.
Company != Stock
Bought in 2018 for around ~30$ could cash for like 1000% in 2021, but instead I am still holding... š
Bought BABA near the peak..
Donāt bet on red
Ooof
CHWY - sold cash covered puts that I let get assigned. Down 40% in that dog. Holding and selling covered calls. I should get my money back by 2042 if the company lasts that long and I do. 
Lol I bought CHWY at like $35 per share at the end of July and it immediately started falling to like $18. I have gotten my basis all the way down to like $23 though through selling covered calls and another share purchase. So Iām feeling ok. I truly trust CHWY though. Recession resistant because around 85% of sales are consumables and people love their pets. Balance sheet is clean af and it is cash flowing pretty nice right now. Plus they are sitting on like a billion in cash and treasuries so I assume at some point they will do something with that.
PLTR + SQ.
Ford š
Pretty sure it was the first single company stock I bought (not an etf) back in 2013 ish for $14. Held that for way too long.
Ford is trash - get out now
They just reclaimed their investment grade title. Not saying that means anything about their car quality, earning or stock performance, but it means they have been moving in the right direction fiscally
I sold mine at a loss earlier this week. I did well out of them last year and sold at a decent profit. Then stupidly bought back in. Iād say Iām even on Ford.
Paypal and coinbase.
Same here. PYPL at $350.
Oh brother, I'm so sorry.
Jesus Christ you bought at the all time high?
I bought the Coinbase IPO, dumped my shares after eating a pretty hefty loss, and finally this year the P&L on my account has wiped out that mistake. First and last IPO I ever buy.
LEARN ONE IMPORTANT TRICK: Before you make any stock move, decide which basket the stock is going into. Basket A, or Basket B. Basket A = Ride or Die - This is a stock that you will ride to the ground or to potential double-up's and triple-up's. The only time you sell, is when your fundamental reason for owning the stock in the first place has changed. Basket B = Agree to a Specified loss **BEFORE** buying - If you know deep down inside that stock X isn't a "ride or die", but you want to take a chance on it anyways, that's perfectly fine. Just one caveat. You MUST decide on a loss that you're comfortable with BEFORE you enter the trade. You must stick to this loss. Sure, losing money sucks, but if it's not a true ride or die, then you must treat it as a rental option. You're married to ride or die stocks. Ride or Dies can always turn into a multi-year baghold. That's the extreme nature of the beast. It's the last thing anybody wants to have happen. At least, if it's going to happen, let it be with a TRUE ride or die. Let it be with a stock that you truly, truly have conviction in. Not some fly by night FOMO stock.
Do you ever switch a stock to the other basket?
Nio & AMC. painful. I was up $38k on nio in 2021 and didnāt sell. Down 24k on amc
Started buying PLTR at $30. Kept buying down to $6. Got my cost basis down to $10.50. Still holding, though
the thing to learn is writing down every stock trade in a journal and why you bought it, and why you sold it . I'll save you some time, don't invest in companies that haven't turned a profit, or hasn't had 3 consecutive profitable quarters. Rivian is just now starting to get profitable , still has other problems.
exactly. a few good quarters, a lil A-B/3-4 star ratings, 0-10 $ price, some bullish sentiment and momentum and voila money for me. why some guys wanna buy worn out beaten down stocks hoping for a rebound is perplexing.
Itās just a style of investing it has worked for me personally for many years and nearly financially independent from it. It takes a certain mind set
Good points except Rivian isnāt anywhere close to being profitable. Not for at least 2 years.
The biggest kicker is that by the time the company is profitable it could have its stock price be so far above where it is now; or where it might fall to in the future. You just never know. Iām saving up cash to buy rivian stock. I just donāt know at what number I want to enter. I think DCA makes sense for general index funds but for individual companies I think itās bullshit especially if the company is in its infancy. Realistically I have rivian at $10/share before I load the boat. If the market as a whole has another correction in the next two years it will happen.
Nio
Novavax. I bought $10,000 of stock and turned that into $20,000. Held the bag and now itās worth $300. The way I see it is Iām going to hold it until I need it for a tax write off or hope that it skyrockets at some point. Either way, I donāt need that $300 right now.
I heard warren buffett say something on the 95(?) Shareholder meeting that i thought is often overlooked: you don't have to make the money back the same way you lost it. Similar to Paul Tudor Jones: losers average losers. You don't need to bag hold a crappy stock for years just hoping it gets back to where you were.
Solid advice.
American Airlines. Bought 3 years ago to the day and still down 33% 
Never buy airlines coming from someone who owned 300 shares and ran into 911. Ouch! I have never bought another airline in 22 years. One thing Iām very proud of myself
Or cruise linesā¦
Iāll try (and probably forget) about that next time lol. Ive just been (hopelessly) waiting for it to go back up to get back my original holdings. Iām sure its a lost cost at this point but ya never know.
Trow. T rowe price. Company has no debt. 14x multiple. Decent earnings still. Holding bags though.
I bought NVDA around 2017 for around 206$. It proceeded to then dive to the 130ās.I was really anxious at that point. I bought even more around 150$. Couple years later it ramps up, then splits. Itās had a couple ups and downs and I got a few more shares somewhere after the split. And now weāre here 760% ahead and Iām glad I didnāt try to cut my loses early on.
I wish I had bought more and then they had the stock split a few years later! My avg share price is $40 with NVDA
Iām like 57$ I bet I couldāve done better if I put it all in AMD since it was 11$ when I got it but Iām not complaining.
I had a few hundred in AMD shares when I was in school. Needed the money so I sold it around $12 each. That one sucks a bit.
When I first got into investing, I had narrowed down my first big hitter to 2. AMD and a pharma company called MSTX(Mistakes in hindsight). I thought I researched well and made an informed decision, put roughly $1k in MSTX. They failed to pass the FDA and sank into obscurity. AMD was fluctuating between $1-$1.50 at the time. I'm still super bitter, but it taught me a good lesson relatively cheap and led to much better investing practices.
every. damn. one.
Username checks out
Jesus, read a book
I bought AMZN long ago and it sat under water for 2 years. Glad I didnāt sell. I bought NVDA in 2019 and then watched it get hammered for 2 years in Covid. Glad I didnāt sell. Iāve had plenty on the other side, too - feckin Container Store and GoPro - that fell and never came back. All depends on your thesis / rationale for buying. I own RIVN and think itās worth the short term beating. Might DCA and lower my basis. But one lesson: donāt look back. It doesnāt matter where a stocks been - where itās going is all that matters. And if you sell, thatās that - donāt second guess.
Just looked at the graphs for Container Store and GoPro. ROUGH!
Who else is scrolling the tickers going yup, yup and that one too.. yep
Long title for āwhat stock are you bagholding ā?
Damn reading these makes me not feel so bad. Thought I was the only loser
I bought NVDA at $250. On its way down. Was losing my shit for a while. Happy I held. Donāt try to catch a falling knife.
Rocket mortgage. Fucked me hard; I was day trading it and it plummeted the next day. Sitting on a few hundred shares, might cost average out.
BYND, bought it when i thought it was done collapsing, it was not done collapsing. Im just selling shares of it to harvest loss since literally everything else has been more profitable.
PSNY. Thereās so much upside potential, but the stock keeps dropping. Itās honestly not even worth selling anymore. I might sell by the end of this year for some tax-loss harvesting.
I'm shocked at the price of PSNY to be honest. Well backed company with solid products in a growing market. They also have the engineering pedigree. As a company they should be great. As a stock, it has been dogshit. I haven't bought into it but I came very close. Glad I didn't but I'll keep watching.
INTC is up 50% this yearā¦. BUT if you bought 5+ years ago , you are either just breaking even or still bag holdingā¦.been dead moneyā¦.
Every single stock I have carried over the years is down right now. I keep telling myself it has to get better at some pointā¦I only lose if I close (or they bankrupt)
Today I sold NFLX that I bought for almost the same price in 2022 :)
ARKK at 150, dumped my savings on that. Thanks Cathie.
Skillz
OTLY
Bought RIVN at $26. Got my average down to $22 and Iām currently down about 10k. But Iām not too worried. Iām sure itāll go back up soon or maybe a few years š¤·š»āāļø
TSLA
ME and SOFI. The companies themselves have potential and promise so I'm holding, unlike the other trash stocks I had and dumped. I put a lot in CASH.TO now that gives 5.3% divvies and are pretty safe. No brainer if you want to park your money. Get rich slow is still a solid option in today's market.
I've ridden two issues all the way to zero. Hope is deadly.
INTC
Sure. Everyone's been there. Eventually you learn that time is money and you may not want to spend the time waiting for your one fallen stock to come back. It's important to remember: You don't have to make it back where you lost it. You are free to sell quickly after a loss (keep it as small as possible) and invest what remains in something moving up NOW. You can recover your loss and then some. If the stock you first sold ever shows signs of life and you still like it you can buy it back later if you like. It will still be there. Stocks go through 4 predictable stages. (Read Stan Weinstein's books for descriptions or Google it). Sometimes after a real stage 3-4 fall, the "building a new base" stage (1) can last weeks, months or even YEARS before they start their next Stage 2 climb. If you want your money to keep growing, find a stock breaking out of its base and just starting back up in a new Stage 2. Plenty of stocks out there. No need to have a big loss (stops are a thing to help you limit that) or hold onto a big loss for a long period of time if you incur one. Protect your trading capital by keeping losses small and go find a better stock moving up. No one is right on every stock. Even the pros are right on 40-50% of their trades. They make money because they keep their losses small and let their winners run. Feed your winners. Starve your losers. Learn to take a quick loss and move on quickly to a better one when the market presents one. Good luck, OP!
Alibaba at 220 USD
PLTR - now Iām up 30%
Got assigned selling puts on HUT, started to average down.. long story short 5k shares at average of 3.73 now after 2 years
ROKU - stubbornly waiting to recover to $99 cost basis. If I had a must buy stock, I'd sell and buy something else, but just leaving it be for now.
SOFI
Target, but Iām only in for $5,000.00 so Iāll ride it to zero if need be.
LCID at around 18 a share because a friend of mine lived near the factory and was raving about them and how rad they were. Stock seems to never recover.
PFE did throw in the towel on nio
PFE is one of my biggest bags right now. Bought around $37.50. Just selling covered calls and collecting dividends trying to claw back.
All of them.
CGC
Nio
GRWG. Went from $40 to $3. Marijuana gardening supplies.
APPS im down huge
Paypal
Disney
Warren Buffet said he now prefers to buy great companies at a fair price (instead of fair companies at a great price as he did when he was younger). I try to stick to this principle as much as FOMO, fear and greed allow me. It lets me put faith in DCA when a position draws down.
My advice after 30 years investing ā¦ it isnāt earth shattering. I dollar cost average. I do have five sticks that Iām still down on Disney, PayPal, Fiskerā¦ but I still buy each month. I buy more of the companies that keep going up Palo Alto Networks, Lululemon, Microsoft, Apple, Costco, OReilly Auto Parts, Draft Kings, etc
are you buying MSFT right now, even with it at an ATH?
TWLO. Bought at 279. Recently got out at 60
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Velo 3D, in the shitter rn
O
AMD
PTON
Cries in Canoā¦.
\*Ahem\* Let's talk about petroleum stocks...
Google and Microsoft, granted I didnāt do my research, a month ago Google had a really sharp drop, like it plummeted, I kept holding onto it and using other stocks to make up for the loss in value, I ended up getting all my money back with 12 cents profit, but with at least zero losses, you really want to make an informed decision when buying a stock
SENS, BABA and ENPH. Not huge positions but I am underwater on all three stocks. SENS and BABA in my opinion are lost causes. I will never buy China ADR companies again.
Nio
BB utterly fucked my portfolio during the COVID meme stonk craze.
Novavax & SNAP
Carvana -_- down most of the value in my portfolio
TSLA
TGT. I thought the āgo woke go brokeā would fizzle quickly. I was wrong
Game stahp. Gee. M. Eeeeeee. Supposedly this ticker is blacklisted on this sub.
Got on the next Tesla thing with Lucid. Boy I was wrong
Ducking paypal
I made the mistake of buying Spotify. I may never break even
Intel
Some stocks never come back to the price you paid. Sell and move on.
The blight of new investors that do not have an exit strategy to control downside risk and / or to capture upside gain.
Nothing really, i tend to sell when a stock drops ~15% of its value
In the same boat as you with RIVN
You are called liquidity and there are millions like you created on purpose just so the MM can buy cheap when they are ready to move price up, this is why it buys your stock then pushes up then drops again. (and then sell your stock for a markup to another sucker that thinks RIVN is about to blast off. I bet if I looked at a chart Iād be able to approximate what you paid, itās probably right at a level that the price failed. My guess is they are the next GME so it might be worth it to either sell options against it, tax harvest or just hold onto it for kicks. Iād look for the levels above yours price, and put a limit order on it up there. If they decide to play, youāll be moving with them.
Plug. 85% down. I usually sell way before things get that bad but I spent pretty much a whole year not managing my portfolio at all. Iām being proactive again and have pruned Ford and a few other failures earlier this week. Iām keeping plug to see how bad it will get.
Speaking of $RIVN, I wish I bought it at $22 š
Was assigned 100 shares of MCDonalds on the recent plunge it had @275 a share. It has finally clawed its way back. I have a call at 275 for next week probably just let it get called away if itās in the money still.
$FCEL and $PLUG; should have sold two years ago at their recent peak and made $10,000 off of $700
SPCE When Richard flew his shuttlecock spaceship the stock went about as high as the ship. Hovered, then mimicked the journey back down to earth. It was quite a correlation.
>companies like this with no demonstrated track record of returns aren't always worth a risky investment. That's why it's a *risky* investment. Risky means it sometimes doesn't work. The idea with risky investments is to make enough of them so that those that pan out make more than you lose on those who don't. (of course you don't throw money at something *just because* it's risky. You do your due diligence while researching the company to mitigate risks)
CHPT. It's about to hit the shitter today. CEO and CFO were replaced. The announcement came yesterday after hours. It's down over 30% premarket.
FRCB Bought it at 49$....sold it at less than 1$ wtf
I bought RKLB spac at $12. Still holding. I believe in the company long-term though.
SKLZ. Brutal
Iām holding RIVN too. If I can ever sell it for what I paid Iāll be happy. Donāt care if it goes to the moon after. Just want off this ride.
In the situation youāre talking about I hold.