GME Short Squeeze FOMO - I made a huge mistake and need help

Hopefully a 1/10 trolling job

justaquestion wrote:

Hopefully a 1/10 trolling job

Yeah this is pretty weak stuff.

So your account went down 10%? welcome to a normal week when trading individual stocks.

old news wrote:

So your account went down 10%? welcome to a normal week when trading individual stocks.

Yes but the S&P did not fall that much, and these high risk stocks could fall way more.

You really decided to buy the top on almost every single one, huh.

coleiolio wrote:

You really decided to buy the top on almost every single one, huh.

Yep I'm an idiot.

investing noob wrote:

old news wrote:

So your account went down 10%? welcome to a normal week when trading individual stocks.

Yes but the S&P did not fall that much, and these high risk stocks could fall way more.

That doesn’t matter, sometimes the s&p will go down but your stocks may go up 20%. Buy stocks on dips with a target price and plan to hold until they reach that price.

old news wrote:

investing noob wrote:

Yes but the S&P did not fall that much, and these high risk stocks could fall way more.

That doesn’t matter, sometimes the s&p will go down but your stocks may go up 20%. Buy stocks on dips with a target price and plan to hold until they reach that price.

These have all dipped a lot already, do you suggest I average down with the other 2/3 of my Roth?

investing noob wrote:

These have all dipped a lot already, do you suggest I average down with the other 2/3 of my Roth?

This is not financial advise because I don't know wtf I'm doing, but yes, definitely do that.

investing noob wrote:

old news wrote:

That doesn’t matter, sometimes the s&p will go down but your stocks may go up 20%. Buy stocks on dips with a target price and plan to hold until they reach that price.

These have all dipped a lot already, do you suggest I average down with the other 2/3 of my Roth?

My suggestion is to not listen to random people on let’s run for your financial decisions. People can give you terrible advice because they aren’t concerned if you lose your money. But, it were me. I would not average down unless it were a stock I really thought had a future. And even then I wouldn’t buy much, don’t take the other 2/3, just leave it where you have it. I personally would just cut my loss with GameStop and set price targets with the others. I like to make at least 20%, before I sell, and give my self a time frame, like a year. After a year, if I haven’t sold, I may reassess my price target or just sell for a loss and learn from my mistake. Of course if it’s a stock I believe in long term, I would just keep buying any dips. Disclaimer, I am not a financial adviser and regardless, I would not listen to just one persons advice. Get advice from several sources and make a decision based on your risk tolerance, etc.

Aal will be fine just hold it.

The market hasd a bad day anyways so a bunch of these might come up a bit and then you can sell.

Some you're prob fvked.

This is not financial advice.

I think you are trolling but I’ll bite. I’m holding my positions in these companies

You invested $26k in that junk when it was all super overvalued and you're only down $6k. You should consider that a win. Good job!

I don't care to look into where all of these are sitting right now. Have they dropped back down to where they were a month ago (or 2 weeks ago)? If they are still above those levels, then maybe you should cut your losses.

Are any of these really good investments over the next year though? To anyone saying to hold AAL: Sure, when air travel increases AAL will probably recover, but is that going to be fast or within the next year?

Is AAL really going to outperform MSFT, VOO, TDOC, BABA, etc. over the next year? It's up to you to do your own homework and make your own guess.

Is the recovery of the junk you have going to be more fruitful than other opportunities?

I like to hold some speculative stocks with reasonably small investments in case I can get lucky and hit a major spike someday, but you have to buy those and hope before a big move.

This seems trollish but I’ll respond just in case you are real.

First of all, consider yourself lucky that you only lost what you did. It’s not that bad and you are young. At least you didn’t go something catastrophic with margin or options.

As for where to go from here, I’m no expert, but I’d hold American Airlines and Palantir. I’d probably dump the rest, especially GME. If they plummet a lot and you believe those companies actually do have reincarnation chances as robust online businesses, re-buy when they are cheap and all the meme stock speculators have sold off

feudal serf wrote:

This seems trollish but I’ll respond just in case you are real.

First of all, consider yourself lucky that you only lost what you did. It’s not that bad and you are young. At least you didn’t go something catastrophic with margin or options.

As for where to go from here, I’m no expert, but I’d hold American Airlines and Palantir. I’d probably dump the rest, especially GME. If they plummet a lot and you believe those companies actually do have reincarnation chances as robust online businesses, re-buy when they are cheap and all the meme stock speculators have sold off

Thanks I'm hoping the GME and AMC squeeze are real and I can break even on it Monday. I'll get out as soon as I'm green on all of these and go back to the index fund.

I think IDEX will do well in the future, I've been buying it in my taxable since it was 2.40.

You went all in on the risk. I bought just AAL and got out after 30 minutes. Made a few bucks. I already have a ton of Delta and Marriott for the travel play.

I would cut my losses if I were you. Maybe hold GME just because of the huge following, but it will eventually go way back down. I don’t see AMC coming back long term either. 75” TVs can be purchased for less than $1K and so many movies are going straight to Netflix and Amazon.

You threw 8.8% of your net worth into volatile memes, then immediately started to panic when you saw a modest loss (yes, losing 6k of 26k is a modest drop for these situations).

Get out. Go back to index funds. Your post proves that you can't handle the risk and volatility associated with individual stocks.

On topic wrote:

You threw 8.8% of your net worth into volatile memes, then immediately started to panic when you saw a modest loss (yes, losing 6k of 26k is a modest drop for these situations).

Get out. Go back to index funds. Your post proves that you can't handle the risk and volatility associated with individual stocks.

Consider it an expensive lesson. Listen to this guy.

I would add that pretty much everyone should go back to index funds even if you can handle the risk and volatility. 9/10 focus should be on increasing income.

stay in this week, sell next monday around 1:45pm... do not sell until then, do not panic. Congratulations on doubling your investment in under 2 weeks.