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Forum » Anyone getting ruined by stocks and crypto?
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Thread: Anyone getting ruined by stocks and crypto?

post 1654742473 01-21-2022, 02:13 PM
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#1
  1. MotorCityCobra
  1. MotorCityCobra
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Anyone getting ruined by stocks and crypto?

I am receiving a hard and brutal pounding almost weekly for several months now. I keep buying the dip but i just keep compounding my losses. Most of my holdings are down -50% and more. This past year i have lost more than $100.000 and I am all in on high risk assets (mostly growth stocks, meme stocks and green energy/solar). I am not really keen on increasing my exposure to these assets, but at the same time i dont want to sell at these levels. I am fine with holding my stocks for a couple of year. I am interested in a global index fund. Is this a good idea? What is your strategy here?
post 1654742543 01-21-2022, 02:14 PM
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#2
  1. RiceBrah93
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  1. RiceBrah93
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Everyone is getting obliterated. I'm just holding, screw it. If the whole market crashes then we're all screwed
post 1654742683 01-21-2022, 02:17 PM
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#3
  1. Duckliver
  2. Offal
  1. Duckliver
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Already took my beating with gme

It’s time to moon while everything else burns
post 1654742793 01-21-2022, 02:19 PM
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#4
  1. redmelly
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  1. redmelly
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Good time to buy. Just put 10k in VFIAX .
post 1654742803 01-21-2022, 02:19 PM
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#5
  1. aaron501
  1. aaron501
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Originally Posted By MotorCityCobra⏩
I am receiving a hard and brutal pounding almost weekly for several months now. I keep buying the dip but i just keep compounding my losses. Most of my holdings are down -50% and more. This past year i have lost more than $100.000 and I am all in on high risk assets (mostly growth stocks, meme stocks and green energy/solar). I am not really keen on increasing my exposure to these assets, but at the same time i dont want to sell at these levels. I am fine with holding my stocks for a couple of year. I am interested in a global index fund. Is this a good idea? What is your strategy here?
yout first mistake was thinking you were warren buffet and buying meme stocks and scam stocks. You should've bought an index fund like anyone with half a brain has done. Im 12% up in the past year alone and 30% over the last 2.5 years. just lmao
post 1654742873 01-21-2022, 02:21 PM
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#6
  1. CementPizza
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I'm taking a pounding too. But not in a good way. I'm conservative and conventional with my investing. Just hold tight.
R.I.P. Hector Bluntz
I am sex yor butt.
Sick Duck Crew.
Stroke crew
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Intent to penetrate Crew.
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post 1654742883 01-21-2022, 02:21 PM
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#7
  1. JuicedMayhem
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I bought bitcoin this morning for $39k thinking I was gonna do good, oh well
post 1654742913 01-21-2022, 02:22 PM
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#8
  1. JayDigital
  2. Buy Hi HODL Sell Low Crew
  1. JayDigital
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I'm down massive amounts in all asset classes from ATH's, but I'm not retiring anytime soon, so could not care less. Long as you're holding good investments, stop checking your daily +/- and just continue to contribute. You'll be happy you did in the years, especially decades, to come.
post 1654743043 01-21-2022, 02:23 PM
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#9
  1. binlogic
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At the end of the day, it's just a gamble OP. That's why I've never gotten into it. I feel better about myself when I invest time into myself, and the returns are guaranteed. For example, if I help my Dad wire in a new addition at his house, I get paid $xxx.xx amount of dollars. If I help a buddy install a new exhaust in his truck, I get paid $xxx.xx amount of dollars. Guaranteed return on my investment into MYSELF. Not fukn stocks.

But if you're a gambler, these dips and volatility spikes are par for the course. Such is life for stockcells.
post 1654743113 01-21-2022, 02:25 PM
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#10
  1. NewO35
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Speculative stuff, like low earning/high multi tech stocks, and, oh yeah, crypto, are going to get CRUSHED as rates rise. The big guys who own most of it are highly leveraged, that is, they have loans/lines of credit for their holdings. As rates go up, their rate of return on stuff gets obliterated. The banks get nervous, and call a lot of loans. Spec stuff gets liquidated, because why would they cave in their long term, rock solid, dividend/income paying stuff, when they can bank profits on the speculative stuff they helped pump and lol at the plebes that hang on to the bottom?

It all comes back. It can take a long time, and the suffering and doubt while waiting is real. Guys like Buffet, with big balls and big bank, buy on the way down while the panic cels are dumping. They can be patient and wait on returns.
6’ 185 no idea how to edit profile
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post 1654743343 01-21-2022, 02:29 PM
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#11
  1. imbeingcereal
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Originally Posted By aaron501⏩
yout first mistake was thinking you were warren buffet and buying meme stocks and scam stocks. You should've bought an index fund like anyone with half a brain has done. Im 12% up in the past year alone and 30% over the last 2.5 years. just lmao
This. JFL at all the meme stonk investors getting their asses reamed and chitting bricks RN. The bull market lasted so long that everyone thought they were a genius by buying the riskiest chit, not realizing that true brains are found in a bear market. I suggest you stop doubling down on speculation and just HODL index funds like the rest of us, OP. Staying diversified and not panic selling is the surest way to build wealth in the long-run. Keep a small portion of your portfolio for moonshots/individual picks, but lol at thinking you can beat markets consistently
post 1654743613 01-21-2022, 02:34 PM
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#12
  1. mgftp
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Not ruined unless you need to sell at a loss.
post 1654743843 01-21-2022, 02:38 PM
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#13
  1. OffwhiteBrah
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i remember this happening last summer then come Oct everything mooned, prep your angus for massive gainz boyo
post 1654743853 01-21-2022, 02:38 PM
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#14
  1. Weezy32
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Stocks are literal gamble at this point. It used to be the stock price was based on earnings , going concern, rnd etc but now its become a meme. Not even taking AMC and Gamestop into account you can simply look at Tesla for example.


Should Tesla really be worth more than Ford or Wolksvagen ....really REALLY ... easy answer is **** no not even close
Atlanta Falcons!!!
post 1654744233 01-21-2022, 02:47 PM
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#15
  1. Rylol
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Do people actually expect growth during Covid-ravaged January?! Enjoy the sales. You don't lose a penny unless you sell.
post 1654744283 01-21-2022, 02:47 PM
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#16
  1. OT2000
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I have lost around 150k from a few holdings I have but that’s not even a fifth of what I bought them at. I sold a ton mid to late LY of stocks I purchased after the covid drop in early 2020.
I probably banged your mom.

Eat the whole animal like a real man.
post 1654744413 01-21-2022, 02:50 PM
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#17
  1. Lefticle
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Yes. Currently getting raped in ass. Down almost $100k in the last few months.
Always Neg Back Crew.
post 1654744463 01-21-2022, 02:51 PM
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#18
  1. bfdehewdbyywhn
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not me. Im not stupid lmaoo
HTC is too skinny for me. Fat Girls only crew. serious
Chubby Chaser and Fat Girls Only crew Founder
post 1654744553 01-21-2022, 02:52 PM
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#19
  1. rockr101
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I'm not stressed

only invested what I was willing to lose

plus I'm in it for the long haul
{\_/}
( - .-)
/=>🎧
post 1654744613 01-21-2022, 02:53 PM
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#20
  1. bulldog91
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Drop money in VTWAX for long term investment (brb investing in the entire world economy at once), everything else is just gambling.
post 1654744653 01-21-2022, 02:54 PM
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#21
  1. WiseOldApe
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This always happens - stocks go down and then bounce back up.

I guess that sometimes a market crash happens but that the nature of the beast, where 'something' always goes wrong.

Just 4 years ago eth was $1000 and then 3 years ago Eth was $80 or 90 dollars and then it went to 5k?
"It's hard to be yourself in a world filled with haters" - WiseOldApe.

"Why be anything when you can be an influencer?" - WiseOldApe.

"It's not about what is said - it's about who it is said by" - WiseOldApe.
post 1654744703 01-21-2022, 02:55 PM
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#22
  1. Darkius
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For each dollar made on crypto, there is a dollar lost. More lost to trade fees. And day trading stocks is almost as risky. So I bet there are some losers here.
Originally Posted By Rylol⏩
Do people actually expect growth during Covid-ravaged January?! Enjoy the sales. You don't lose a penny unless you sell.
Depends how long you are willing to wait, and still no guarantees. It is an exponential scale and can bounce around low for a long time.

I thought about buying Dogecoin last year at 34 cents. At its current low value, I would not expect to get that money back ever.

You stop making money when you hold.
post 1654744923 01-21-2022, 03:00 PM
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#23
  1. pallybrah
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Definitely painful to watch but just remember your long term goal. March 2020 felt 20x worse than this. Srs everyone though we were gonna die and international trade and supply chains would just disappear because flights were halted

Then stocks and crypto went on a huge run

No one really knows wtf is gonna happen. I just keep buying and DCA every 2 weeks into stocks/crypto.
post 1654744933 01-21-2022, 03:01 PM
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#24
  1. MotorCityCobra
  1. MotorCityCobra
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Originally Posted By OT2000⏩
I have lost around 150k from a few holdings I have but that’s not even a fifth of what I bought them at. I sold a ton mid to late LY of stocks I purchased after the covid drop in early 2020.
Originally Posted By Lefticle⏩
Yes. Currently getting raped in ass. Down almost $100k in the last few months.
damn boyos i am kind of depressed not having sold on any rips, could have made a fortune yet here i am with massive losses. BRUTAL!
post 1654744983 01-21-2022, 03:01 PM
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#25
  1. knightofday
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No worries op, everyone is about to get crushed in the relatively near future srs

🙂

Lol at those who think The Great Reset allows you to keep your portfolio lol
post 1654745243 01-21-2022, 03:05 PM
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#26
  1. MajorTendonitis
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RRSPs down 27K the last two weeks , and that’s not reflecting todays plummet . I knew this was imminent, and actually had a meeting with my financial advisor two days ago in anticipation.
Sloot told me not to worry . Ya ok lol
Back with my Fam
post 1654745443 01-21-2022, 03:09 PM
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#27
  1. DivineMasculine
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I pulled out about a month or so ago and got trashed on this site about it.

A correction is happening. You can either pull out (and save future losses) or just keep it in their and let it ride.
The misc is full of a bunch of simp ****ots
post 1654745573 01-21-2022, 03:12 PM
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#28
  1. Briangumble
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My 401k is all in stocks and index funds and it's down a lot but I'm just going to let it ride
post 1654745643 01-21-2022, 03:14 PM
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#29
  1. Phobaphobia
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Nope I spent most of 2021 selling all my profits.
post 1654745743 01-21-2022, 03:15 PM
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#30
  1. mike.hunt
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high risk account down 33% (about $5k) not a large account but I sold today, tired of stressing seeing -500 days every fukin day

so market will probably go up next week,, das it mane
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