via WSB trader:
I’m pretty new to investing but had came at the right time in beg. of 2023 back when Nvidia was surging and I just so happened to YOLO and ride the AI wave. I saw my profits go upward to $15k+ at one point.
However as of the past week I just ended up losing nearly $8k. All in just one week…
Fyi, I dont invest in options or penny stocks. All my investments are in ETFs, the huge tech firms and oil/gas. But yes my portfolio is in the 100k+ range so my profits and losses go up and down like mad.
Laugh at me all you want but I admit I think this kind of uppsy-turvy volatility in the market just aint for me anymore. It just freaking hurts to see all my profits built up in months just get completely wiped out in a matter of days.
So today I just sold off all my stocks once and for all.
And I know people here will keep saying, “think long-term…the market will rebound… just keep DCA-ing…”.
And yes I know most of these big stocks will rise up again eventually.
But well efff me but I dont want to subject myself to such a long waiting game where even a bullish market is an uncertainty. There’s already talks of a recession coming, and if that happens, wont the market drop even further? I cant fanthom waiting 2 years+ for a recovery like what happened with SPY.
I guess I can call myself somewhat lucky since I have not actually made a loss… (the 8k loss just cut into my 15k profits to result in my final takehome profits of 7k as of today). From now onwards im thinking of just investing in bonds/t-bills even if the interest rates suck.
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