{ "media_type": "text", "post_content": "After years of nice gains, I got my ass handed to me by the market today. One of my largest holdings went BK...never chase losses. Bye bye $7,500. How do you recover mentally?", "post_id": "58f8e684b29857001044fd5a", "reply_count": 13, "vote_count": 1, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting", "feed_type": "crowd" }

After years of nice gains, I got my ass handed to me by the market today. One of my largest holdings went BK...never chase losses. Bye bye $7,500. How do you recover mentally?

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If you learn from it, consider it tuition for an important lesson.

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This will happen so many times throughout your lifetime. You win some, you lose some. Nothing you can do about it.

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You can have 10000 losses, but it only takes 1 gain to create the equity event that makes you a mega millionaire.

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Get back on the horse with some playoff hockey/basketball tonight. Real low risk strategy to make it all back

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These nickel dime stocks make me worry. XXII looks attractive, but u never know

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I hear you @sa1. Is it best to just get back in slowly with some blue chips? This was in my speculative portfolio. I was wayyy aggressive on borderline companies

@a2 most definitely.

What percentage of your assets was this BTW?

In my speculative portfolio, I had $10k...and 7.5k is gone. So 2.5k left...I blew myself up by not seeing the signs of BK early on, I kept trying to convince myself it was a good trade and that I needed to lower my cost per share - kept throwing cash at it and ignored signals that I usually catch myself on...aka don't get emotional about investing.

What trade was this?

ADPT

Damn that company bit the dust sooo hard. Sorry OP

Thnx @m1. I got pretty good at picking out distressed companies that were able to turn operations around...expect for this one haha. Shit happens

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