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Forum » $2.5M USD profits vanished by HODLING (stocks & crypto)
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Thread: $2.5M USD profits vanished by HODLING (stocks & crypto)

post 1654839203 01-23-2022, 09:39 AM
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#1
  1. MotorCityCobra
  1. MotorCityCobra
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$2.5M USD profits vanished by HODLING (stocks & crypto)

6 months ago i wrote about my friend who had turned his initial investment of around 8k USD into a whopping 2.5M USD in 2.5 years. Now most of his profit is sadly gone as the market has been brutal to speculative assets and altcoins especially. I have lost 100k USD in the past couple of months and it has been brutal, i can only imagine what he is going through. I never understood why he still was hodling when he had insane profits, but i guess greeds gets the best of us. I have been in the same position (turning 10k into 80k) and got burned by being greedy. Point of the story is if you have insane profits, take them!
post 1654839533 01-23-2022, 09:45 AM
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#2
  1. MajorTendonitis
  1. MajorTendonitis
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Back with my Fam
post 1654839603 01-23-2022, 09:45 AM
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#3
  1. Destor
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  1. Destor
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From Diamond Hands to Cubic-Zirconia Hands
post 1654839643 01-23-2022, 09:46 AM
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#4
  1. OffwhiteBrah
  1. OffwhiteBrah
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my initial 40K is now 8, me right now doe


post 1654839653 01-23-2022, 09:46 AM
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#5
  1. Techriding101
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  1. Techriding101
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lol @ idiots who didnt take any profits

I invested probably 20k since 2017 and my portfolio was around .5m. pulled out 100k for piece of mind. Portfolio down to 300k now but i am not losing sleep. Continue to DCA
Free Men Don't Ask
You Wouldn't Download a Gun
https://ctrlpew.com/

Disclaimer: all content posted by Techriding101 is purely for roleplay purposes
post 1654839693 01-23-2022, 09:47 AM
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#6
  1. elterrible987
  2. Banned
  1. elterrible987
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i said this all last two years to crypto brahs and they dont listen. if you have insane profits off a crazy volatile asset then take them. if you have options and insane profits then take them.
post 1654840833 01-23-2022, 10:11 AM
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#7
  1. ChunkBuster
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  1. ChunkBuster
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Let’s go Brandon!
post 1654841103 01-23-2022, 10:18 AM
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#8
  1. HMFIC_BROWSIN
  2. Buy high, sell higher.
  1. HMFIC_BROWSIN
  2. Buy high, sell higher.
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I'm in a heavy 6 fig downswing right now and honestly i dont lose any sleep. Its all house money, and i dont need anything, and i have no worldly desires..... So who really cares?
post 1654841133 01-23-2022, 10:19 AM
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#9
  1. _zman
  2. Trancebrah
  1. _zman
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I took profits on AMC around a 1000%. Crypto around 100%.
★★★ A State of Trance Crew ★★★
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post 1654841433 01-23-2022, 10:24 AM
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#10
  1. AWillis
  2. Social Media Influencer
  1. AWillis
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where is teh miscer that was up 3 mln, then it dropped to 1 mln up

what you at now brah?
Cobra Kai Crew

srs
post 1654841633 01-23-2022, 10:27 AM
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#11
  1. LtGoose
  1. LtGoose
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You only lose money if you sell

Lol @ you OP
post 1654842673 01-23-2022, 10:49 AM
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#12
  1. MotorCityCobra
  1. MotorCityCobra
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Originally Posted By LtGoose⏩
You only lose money if you sell

Lol @ you OP
this is pure copium probably invented by hedgies to fk with retail investors. if its good enough for a screenshot, its time to take profits
post 1654842943 01-23-2022, 10:54 AM
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#13
  1. HMFIC_BROWSIN
  2. Buy high, sell higher.
  1. HMFIC_BROWSIN
  2. Buy high, sell higher.
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Originally Posted By MotorCityCobra⏩
this is pure copium probably invented by hedgies to fk with retail investors. if its good enough for a screenshot, its time to take profits
Buffett mogs all hedgies for life and he just sits and plays bridge all day
post 1654843043 01-23-2022, 10:56 AM
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#14
  1. KhumatMibra
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  1. KhumatMibra
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Originally Posted By LtGoose⏩
You only lose money if you sell

Lol @ you OP
Not sure if serious or not but I see this saying a lot in crypto/trading circles


its major cope lol, major fuking cope.
post 1654843143 01-23-2022, 10:57 AM
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#15
  1. HairyWBush
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  1. HairyWBush
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Originally Posted By HMFIC_BROWSIN⏩
I'm in a heavy 6 fig downswing right now and honestly i dont lose any sleep. Its all house money, and i dont need anything, and i have no worldly desires..... So who really cares?
i admire your stable mental strength very srs that wouldn't be me. i am down about 75% on what I have invested. sad to say
R 135
L├┼┤
246

"Slide down your throat?? We chew them, savor them, suck up the little juice left behind in the shell then swallow them. Only amateurs try to swallow them whole."
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"America lost pretty much every war in history lol" -pandaboy89
as seen here: https://forum.obnoxiousbrutes.com/showthread.php?t=180019913&p=1636230303&viewfull=1#post1636230303
post 1654843243 01-23-2022, 10:59 AM
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#16
  1. AlfBundy
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Winning requires trial and error. This chit has to be learned
post 1654843313 01-23-2022, 11:01 AM
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#17
  1. DrugsToGetBig
  2. So it begins
  1. DrugsToGetBig
  2. So it begins
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its not a loss if you hold brah
*Forever Alone Crew*
*Neg FireofAss Crew on SIGHT Crew*
post 1654843403 01-23-2022, 11:04 AM
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#18
  1. BraneyGumble
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Originally Posted By KhumatMibra⏩
Not sure if serious or not but I see this saying a lot in crypto/trading circles


its major cope lol, major fuking cope.
This. People still falling for the hodl meme.
post 1654843473 01-23-2022, 11:05 AM
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#19
  1. HMFIC_BROWSIN
  2. Buy high, sell higher.
  1. HMFIC_BROWSIN
  2. Buy high, sell higher.
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Originally Posted By HairyWBush⏩
i admire your stable mental strength very srs that wouldn't be me. i am down about 75% on what I have invested. sad to say
when my biggest account was recording a +172% 12 month gain.... The writing was in the sand that i was about to get my angus widened.

I like all the companies Im invested in.

I understand why people in coins are nervous: its literally a speculative asset with zero barriers to entry. Of course you dont 'hold' that.
post 1654843563 01-23-2022, 11:07 AM
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#20
  1. DJKhaled
  2. Another one
  1. DJKhaled
  2. Another one
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The market is a casino....

I know so many people who ended up making a lot of quick money and then eventually losing it all

The worst thing that can happen to someone in the market is they make huge, easy gains. Then they think "this is easy!" and get overconfident and lose it all.

The only safe way is to withdraw all your profits and only play with a small amount, continually.

I learned this lesson hard....made $100k and ended up losing it all.
post 1654843693 01-23-2022, 11:10 AM
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#21
  1. DJKhaled
  2. Another one
  1. DJKhaled
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Originally Posted By MotorCityCobra⏩
this is pure copium probably invented by hedgies to fk with retail investors. if its good enough for a screenshot, its time to take profits
Lol this.....the "you only lose if you sell" is what retail bagholders always say to cope when they are down like 80-90% on a stock
post 1654843763 01-23-2022, 11:11 AM
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#22
  1. EDcellent
  2. You too
  1. EDcellent
  2. You too
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Got out last month, when crypto took it's first big drop. I was negative in crypto, but my gains in VTI and VOO still had me ahead. If I still held, I'd be down about 30% total right now.
post 1654843923 01-23-2022, 11:15 AM
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#23
  1. niospecv
  2. I mean yeah...
  1. niospecv
  2. I mean yeah...
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Originally Posted By Destor⏩
From Diamond Hands to Cubic-Zirconia Hands
lulz
**Texas Crew**
**Ultra MAGA Crew**
**Pure Blood Crew**
**Dallas Cowboys Fan Crew**
post 1654844063 01-23-2022, 11:19 AM
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#24
  1. DJKhaled
  2. Another one
  1. DJKhaled
  2. Another one
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Originally Posted By AlfBundy⏩
Winning requires trial and error. This chit has to be learned
The market is mostly luck.

I remember when I started trading, had no idea what I was doing, and started making huge money. Turned $10k into $100k and was eventually trading with a $200k portfolio.

I lasted about 8 years before I lost it all. The more knowledge I gained, the less profitable I started becoming. I made more money in the beginning, which seems to be the case with everyone that starts playing the market. And everyone thinks the same...."WOW THIS IS EASY MONEY!!!"

Its a huge rush

I eventually started trading with some very experienced guys....and no one made it. Even this guy who worked in finance and Wall Street failed. Technical analysis doesn't mean much of anything anymore and neither do fundamentals.

The only smart way to play the market when you achieve big gains, like OP's friend is to withdraw it all and start again with your original investment. He should have withdrew all $2.5 million and started with $8k again.

But people get greedy....they think the good times will never stop, he probably thought he could turn that $2.5 million into $10 million and so on....until he got burned.

There's a reason over 99% of retail traders eventually fail within 1-5 years.

The only people consistently profitable over large periods of time are the hedge funds and algorithms.
post 1654844373 01-23-2022, 11:24 AM
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#25
  1. GordonXXX
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amateurs!

CURRENT 4,724,041 1/23/22
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post 1654844413 01-23-2022, 11:24 AM
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#26
  1. FrankCostanza
  2. Serenity Now!
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hes better off now just holding. itll rebounfd. my old port from 2017 a month ago was worth 2x its 2017 peak
I'm not here for rage. I'm here for revenge!
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Mein power
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Trump 2020
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post 1654844423 01-23-2022, 11:25 AM
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#27
  1. SuperHercules
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Should have bailed immediately when NFTs became a thing

They were stated from the beginning as being for people to launder their crapto profits
See Shakebrah's sig
post 1654845093 01-23-2022, 11:41 AM
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#28
  1. drFEEL
  2. registered fuk ass
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lol @ all these "swing" traders finding out they really didn't know anything

hahaa
hahaha

haahahahahahahahah
-even lifts
-gonna make it or die trying crew
-no fat chicks crew
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post 1654845313 01-23-2022, 11:45 AM
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#29
  1. bodybuilder127
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Originally Posted By ScrillaIsBake⏩
I mean everytime it crashes it goes back right up to before it crashed. I got to the point I don't even check my portfolio anymore tbh
This. Depending on what you invest in (quality index funds - VOO, VTG), just buy and dont look back. Constant flipping kills you with taxes
post 1654845343 01-23-2022, 11:46 AM
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#30
  1. DJKhaled
  2. Another one
  1. DJKhaled
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Originally Posted By drFEEL⏩
lol @ all these "swing" traders finding out they really didn't know anything

hahaa
hahaha

haahahahahahahahah
Yeah so many people got into trading in the past few years because its the trendy thing. Easy to think you know everything when you are making money....but the market is a cruel mistress
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