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Mentor
Don't feel bad, no one can time the market. I doubt you bought this with a couple week timeliness.
That said, the first 60 minutes of the trading day is called amateur hour.
I’ve learned the hard way! lol.
Honestly, just hold. If you’re confident and optimistic of AI and NVIDIAs place in the market, then who cares if you bought it at this price. I sold a ton of stock and then had 800$ left over after reinvesting and then bought 1 NVIDIA share. It’s one but I’ll hold on to it for a while because why not. If it splits, great. If it sky rockets again, great. But in my opinion, NVIDIA is the trailblazer in this sector and will continue to dominate.
Agree
Stocks dont expire so you can just hold on nbd
You can sell covered calls to reduce your investments.
Time in the market > timing the market
Are you feeling better today?
I would. On down days throw in a little more to dollar cost average.
Most of the money on this stock was made almost 3 years ago. If you bought it end of last year you got lucky I guess but I wouldn’t touch it at these prices
Mentor
I think you need to look at the 5 year chart, then tell me the money was made 3 years ago.
All of us has cases like that. I bought TSLA at its peak of $300 as well and now look where we are at $175. As someone mentioned if you are in the long term game, and you think stock will recover just hold it until it recovers its value.
As I like to say, if ya liked & bought a stock at $950 and it drops to a cheaper price point, buy more and DCA. We all love discounts right? Paraphrased from Boiler Room movie (one of my faves).
Touché buddy. That’s what I’m thinking. Gotta salvage this somehow!
you should sell 😂
I don’t think so. I still think this was a market correction dip but it’ll come back up. I’m manifesting it!!!!!!
What's YOUR take on the stock? At the end of the day, you don't care what I think about the stock, you're just looking to justify what happened.
First, decide rationally what you are trying to do. Were you looking to buy at open to flip it later in the day for a quick profit? Buy and hold for decades? Something else?
That drives your evaluation. If you are a day trader, yep that's a loss; move on and nail the setup next time. If you plan on holding it for decades, why are you upset? You just found out it went on sale - time to load up and lower your cost basis. This price drop is a minor speed bump on the way to a $1500 share price (if you believe it can get there). Buy the pullbacks and take some profits when it has a big run up in the day.
Come up with a hypothesis (I think NVDA is cheap right now relative to its future value, for example) and try to prove/disprove it through research. Once you have your opinion, make the trade. If there's either a pull back or a run up, check the thesis again. If it dropped, did something materially change that affects your hypothesis (surprise news that may hurt long term profitability)? If no, buy more. If yes, evaluate if this is a good time to cut and run. A similar analysis is required in a short term rally.
Profits occur when the market agrees with your thesis.
Appreciate the POV!
Agree with the above if you have a long term outlook then not a huge deal. Personally, I’ll be holding my NVDA for as long as possible
Thinking of you this morning OP - hope you held on. Up 3% premarket
Stocks are volatile and can be affected by Inflation, you should know this.