I am down $25K on $150K portfolio. Should I cut losses and leave or continue :(

like
Posting as :
works at
You are currently posting as works at

There’s a good rule of thumb that if you’re down 6% in a month you should go to cash and not trade for the rest of the month. My brokerage account is heavy in crypto and small caps that actually have cash flow. I’m down 9% this week and will be going to cash unless it’s up by EOD Monday.

I don’t have a read on that part of the market and will admit defeat to preserve cash if needed. Besides, another good downdraft will likely knock out any support under this market anyway.

like

Active.

AMZN, BABA, BA, DOCU, FIS, MGNI, LYFT, NIO, ROKU, SNAP, SQ, PTON, PINS, UBER, V, DIS, ZM

ETF: ARKF, ARKG, ARKK, SLV

like

Why would you have ETFs that already overweight your individual stocks...

Don't be paper hands

like

Individual stocks or ETFs/index funds?

Combination - 125k stocks, 25k indexes - approx

What are your losses in? It’s a pretty big dip in the market. If anything you should be averaging down.

Were you down $25K today alone?

Not sure when you bought those positions, but that’s a parade of horribles that should have been cut months ago. I’ve shorted at least half that list.

Ok. That sucks.

I’d look at each position and make a decision.

I sold a country ETF that was down small because it’s chart looked bad. I’m also wearing a 19% draw down on a small position in $SI. It was a higher risk stock so a smaller allocation. But the chart looks different so hoping for a better outcome. But it’s gone with a red close next week.

like

At least you’re diverse within tech names.. a lot of people own what you hold but with less variety. Are you speaking to $150K principal or $150K at highs?

Related Posts

Has anyone here ever gifted a stock? Do you know the process? (Especially on Robinhood or Fidelity)

like
like

4 years into RE. Happy with the results so far! Thinking I should take on more debt with current IR, but the market is too competitive

Post Photo
likeuplifting

UK - thinking of a buy to let in either Birmingham, Liverpool, Manchester - any recommendations on either /areas where you can get something under £140k.

like

What’s a “true lead” in apartments.com. Im curious if they’re interested in our property or if they’re leads based on preference.

like

BakerTilly people, what application do you use to prepare your financial statements? Do you use word/excel?

likefunny

Had a quick question, I see 1.5k in zerodha coin, is that a profit? If yes, how it's so great since I have only invested 40k in MF, 2 weeks back?

Post Photo

What’s a good target annual earning % for interest and dividends relative to portfolio size? I am new to investing and am generally just invested in the SP500 and total stock market via index funds

Living in NJ and may be able to choose NYC as my home office. People who live in NJ can choose NJ / NYC office, which one did you choose?

NJ office: no NYC tax, don't have to file 2 state return. Live in NJ so auto assigned to NJ office currently.

NYC office: NYC tax on paycheck, easier commute, possibly higher pay?

likefunny

What salary would you feel comfortable buying a $100k car? Trying to gauge how bad of a decision that would be…

like

I’m considering investing into a special purpose vehicle (SVP) that would invest into a first round capital raise for a cannabis saas company...what are some of the key questions I should ask/consider? The company has already received seed capital from a couple big names.

like

Hi fishes,

My CTC is around 12 lpa per annum. How can i avail max tax benefits?

like

What are some of the things to keep in mind when leasing a new car? What are some add-on that can be negotiated on?

like

Pranam Fieshes ,

How to declare tax on joining bonus? First time got joining bonus , how to mention it in tax declaration . Please help

Your lovingly,
Fish

like

Interested in starting AirBnB in SoCal.
1. Where do I start for gaining how to knowledge.
2. What’s are the best areas to buy the property for best cash flow and appreciation down the line.

like

Under contract for nearly 1.1M. Wife and I are at HHI $315k. Will go up in the future, $400k in 3 years and $500k possible in 5-7 years. We have $300k in non-retirement funds, $260k of which will go towards acquiring the house. We have 2 kids and will probably reduce (not maxing) retirement accounts next 18 months to do this. Anyone have any thoughts or feedback? We’ll have to live on a budget and watch but I feel we’ll get used to it and income will grow.

like

Joining D soon as manager. Can we use Interactivebroker for stock trading?

like

Can someone help me with this? I had a low utilization since pandemic, I.e., ~sub 5%, but never missed any payments. Would credit score be impacted if only one line of credit with a low utilization?

Too few accounts currently paid as agreed
FICO®

Scores consider the number of accounts that are paid as agreed. Your score was impacted because the number of these accounts is too low, or because you've missed payments recently on some of your accounts.

like

If anyone is interested in investing in crypto, I’m running a kickback campaign on Vauld, where both, you and I can reap benefits. You could also FD your crypto investments at interest rates as high as 12.68% for a few tokens.

Comment here or DM me personally if interested to talk further. Note that this crash is a great opportunity to enter. 😊

My 401k technology stocks are down 27% as I started beginning of last year!
Hold and ride OR some other recommendation?

like

More Posts

Anyone know of IT Security jobs specializing in NIST and/or FISMA that are hiring?

Morning all- looking for a referral for remote position: project manager, implementation manager, PMP certified and will be obtaining Agile cert by end of year. 10+ years experience, also MBA grad.

Currently SC with Deloitte 2.5 years, cybersecurity heavy with background in healthcareIT.

Thanks in advance.

likehelpful

Can anyone anyone help with a salary range for a senior E&S UW. 5 years of experience. Interviewing but don’t want to sell short for my salary expectations.

like

Just made a career pivot and accepted a job with Progressive in sales. I’ve heard more good things than bad about the company. I turned down Liberty and Allstate so I’m hoping I made the right choice. Curious if anyone works there can offer their opinion about what it’s like working for Progressive.

like

What’s the difference between FAAS and FDD? Also which one pay better?

like

Starting with our very first IVF cycle this week and kinda nervous 🤞
Nurse says retrieval to happen tentatively around 18th Dec but then transfer can take place in early February too considering genetic testing takes weeks. Is this the norm? Just fearing the team is not unnecessarily delaying things owing to holiday break.

like

Does Next Gen issue a formal report for PGS testing results? I had my embryos tested and my clinic just told me which were normal and abnormal. No other info on embryos ratings, etc. they could have not even sent it in for all I know!
Also, how involved are you REs? I’ve been through 2 retrievals now, but feel kinda in the dark still on a lot of things. Some of the nurses are hit or miss and if I want to talk to my doctor I have to schedule a consultation and its typically a 2 week wait.

like

It's that time...🦃

What's one thing you're grateful for in your life or career at the moment?

Drop it below! 👇

like

What is the best advice you have recieved?

like

Looking for Devops eng role.
Exp- 1.5 year.
Tech stack- AWS DevOps.
Any lead would be helpful

My honest opinion is that biggest impediment to home ownership for teacher is our bullshit pay.

like

Might be a long shot but anyone interested in joining a lease for a duplex in the RiNo area? Intended roommate backed out at the last minute. Room is master bed/bath in a 2 bed 2.5 bath duplex, 2 cats, rent (inc utilities) is $1,250.

How much package can UBS provide for tech skills like Java, spring boot, microservices, Cloud and having 7 years of experience?

Hi Fishes,
Can anyone please refer me for
UBS have multiple job IDs with me.

like

My org will be pausing the Employer match to 401k for a few months. What's the best strategy to optimize my investment at this time?
Ride along/increase or decrease my percentage?

like

Anyone have a couple of great recruiter that you could recommend for a SAAS sales position in Houston Texas?

like

Hello all, what wud you prefer LA or New York keeping in mind next 5 years as peak career phase?

like
like

How do people make friends here? I have the ones i grew up with and a couple I made in the last couple of years (neighbors/through mutual friends) but I generally find that people here just stick with their social circles

like

What is dating during corona like? Is there any etiquette I need to be aware of? I stopped dating when the pandemic started, and just recently rejoined a dating app and have a first date this week. I know we both go outside and socialize with friends and neighbors (I’ve been careful and selective, not sure about him) so do I assume it will be like always?

like

Additional Posts in Option Traders & Investing

Thoughts on SNAP puts ? I feel like Snapchat is the least utilized social media platform behind IG, tik Tok and Facebook. Yet it’s basically at a 52 week high

like

10/06 Thread (BC):

like

Thoughts on XLE as a reopening trade? Or stick to clean energy plays instead

like

We've got to hold on, to what we've got!
It doesn't make a difference if we make it or not!

likesmart

Feeling a large wash out on TSLA is coming. Up on the week on leaked Musk email relating to deliveries. That number came in today at a beat. Bought todays puts when stock at 1208. Looking for 1150. Profit taking is coming. Don’t follow as risk is high.

like

What the he🏒🏒 just happened? Everything is red!

like

How do you renegotiate your commission rate on TD Ameritrade and it’s platform ThinkOrSwim? Is this requested online or do you have to call in? Does it have a decent success rate? Im at the original .65.

like

4/4 Thread (General):

like

Everyone’s so focused on Airbnb and Doordash lol. Nobody’s talking about C3.ai though 👀

like

For those who have been driving the daily thread posts (senior tax accountant / KPMG / etc) please DM me if interested in becoming a community leader for this bowl. I’ll put you in touch with Sam from Fishbowl. Thanks!

likeuplifting

Put option on Amyris?

like

To all my little cupcakes with sprinkles, I bestow this gift. Now, go play. Good luck, and may the odds be ever in your favor. -oxo

Post Photo
likehelpful

Stocks only go up.
Apple calls, Microsoft calls and alibaba calls are peaking my interest now....

like

Anyone taking profits from UVXY and VXX or still holding?

Been lurking on this group for a while. I’ve only traded stocks ever. What’s the best way to start with options? Any great video tutorials or websites that can help me understand the basics. I only have theoretical knowledge of options thanks to a derivatives class I did at college.

like

BC, any outlook or positions your holding for Jan/Feb timeframe?

Looking at energy plays that aren’t already sprung out Plug. What are everyone’s thoughts on LAC?

like

My play for next week:
Sell the SPY 200 puts since the market would plummet. Look for opportunities to buy back, probably when the stim bill passes. Would love to hear your thoughts on it

like

Thoughts on GILD for a medium term hold?

like

11/3 Thread (General) :

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal