04-29-2022, 08:33 AM
And where is your loss post or do you only win?
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My last self inflicted loser was ARKK.
ORLY, company stock, is currently beaten down but those are free shares so it doesn't hurt.
Other than a few, very few, small losses in SPX options, that's about it.
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Here's a hard luck investing story. I have a newish friend, not so young, but part of the 2020 new investor crowd. He has an adult port but in 2021 he started a Robinhood account to YOLO in with about $25K. He has all the usual hyped stocks. HOOD, PLTR, SOFI, HOOD, TDOC, ARKK and about five more I don't remember. Every single ticker is devastated. I told him a few months ago to trim anything that even tried to bounce. He didn't want to take losses too soon so I let it go. So yesterday TDOC gets cut in half again on a hopeless earnings projection and he asks me if he should sell. I told him I would before he loses the last 25%. So he sells, and a couple hours later Cathie Wood doubles down and loads ARKK back up with TDOC, which as I mentioned he also owns. She has already lost about $400M on the ticker. I tried not to laugh.
[/quote]
My last self inflicted loser was ARKK.
ORLY, company stock, is currently beaten down but those are free shares so it doesn't hurt.
Other than a few, very few, small losses in SPX options, that's about it.
[/quote]
Here's a hard luck investing story. I have a newish friend, not so young, but part of the 2020 new investor crowd. He has an adult port but in 2021 he started a Robinhood account to YOLO in with about $25K. He has all the usual hyped stocks. HOOD, PLTR, SOFI, HOOD, TDOC, ARKK and about five more I don't remember. Every single ticker is devastated. I told him a few months ago to trim anything that even tried to bounce. He didn't want to take losses too soon so I let it go. So yesterday TDOC gets cut in half again on a hopeless earnings projection and he asks me if he should sell. I told him I would before he loses the last 25%. So he sells, and a couple hours later Cathie Wood doubles down and loads ARKK back up with TDOC, which as I mentioned he also owns. She has already lost about $400M on the ticker. I tried not to laugh.