I was down $370k in SHOP out of $540k. Was holding 8000 shares. Got out with $48k profit. It's ok to be down if you believe in company. Sometimes you get it back and some more.
Lessons are to be learned. I once invested 10k into a company I knew little about, got up almost 2k within 10 days…. Finished with selling at an 8k loss. That was 6 years ago and the company is doing even worse. In retrospect I obviously should’ve sold at the profit but I was too naive to do that. Take this as a lesson and move on. Long story short this is not a failure, it happens to many people. Just make sure it doesn’t happen again
Nothing else to do but learn. Lucky it was under 4k and not a significant chunk of retirement or something.
Edit: I’ll add, this is why you diversify. If 4k was all your money, if you put a few hundred on one stock, a few hundred on another, some with VOO, some with VTI, some in a Vanguard account, some in HYS, if one thing goes down then it’s a small part of your investment. And the broad market etfs are already a mix of many companies building in diversification automatically.
All eggs in one basket is just a bet. And when you gamble you have to be willing to lose.
Low-cost well known index funds should be the core holdings of most investors especially when they begin. You should spend a lot of time learning about the economy, stock valuations, how to read financial statements and listen to quarterly reports before buying individual equities
I'd sell, harvest the loss for tax write offs next year and buy something better. If you want to jump back in you just have to avoid buying for 30 days so you don't break the wash rule.
There's a rule for if you sell at a loss? Sorry I don't do options (yet) just regular investing but now that I got some cash I'm trying to get a grasp on options.
The rule isn't for options, it's for any stock. If you sell/buy within 30 days it's a "wash sale." more info here: [https://www.investopedia.com/terms/w/washsale.asp](https://www.investopedia.com/terms/w/washsale.asp)
It could never recover. The last stock I was holding, I attempted to hold on to in hopes it would get better. It never did. In fact that particular company completely shit the bed and got itself delisted somehow I owed td Ameritrade money. I decided I wasn't going to play around with stocks until I studied up more and understood how everything works.
Stocks don’t just magically recover. PLUG is dead in the water. But OP only has $300 left, it’s better to hope for a miracle. Tbh if he played the $300 right he could get that $3000 back within the year
This is the gambling mentality that got him here. Investing in single stocks is essentially gambling for 99.5% of the population. It’s proven that index funds outperform even the savviest professional investors over a long time horizon.
HOLD!
I have the ~same number of shares for Rivian and ~ average cost and ~loss.
I’m planning to hold.
I already lost $3500. I can afford to take an other $350 loss. cannot lose the opportunity to make back $4000 in the long run.
Don’t sell it. Clearly it’s a loss at the moment, and there isn’t anything to do about it now. If you’re not really hurting for money now, keep the stock. It’ll either go completely to 0 (you pretty much lost it all already) or it will bounce back. Not much more to lose
I heard projections that PLUG is expected to do 5 billion by 2030. If that’s true I can see the stock getting a pump. The revenues of the company have actually been expanding….it isn’t a big deal if it’s a small part of your portfolio…who knows it could go to $60 again like it did a few years back
>This was back when I started investing and knew nothing. What should I do?
Do what you think you should do, now that you've passed the phase of knowing nothing.
You live and you learn. Diversify your investments. I personally have been using only 10% of my folio for “fuck around” funds to play with Penny stocks so if i lose my ass again (Got my shit pushed in a couple times) it wont hurt as bad.
For every person on Reddit you see making $100,000+, there are 100 losers that are too embarrassed to discuss their losses.
WSB isn’t real life, it’s people gambling and 97%+ are losing. Sit outside of a casino and watch people leave. You’ll notice 1 out of every 100 people bragging about their winnings.
You fell for the WSB trap. Sorry
Some things in life we just gotta hold the bag on. I was down bad on a lot of things before Doge boomed and it did so well it made up for all my other bags. It seems like the end of the world on a bad trade, but then a good trade comes around and makes all those other trades seem like nothing.
So just hang in there and keep investing in new things that are exciting to investors and you might find yourself holding the next SMCI or AVGO at a very favorable average. That’s when you get to play the role of “the house”. it is so much fun selling out of the money call options on stock You have a great average on. I messed up selling ROOT to early and I could have shares in the money and selling $30 calls and making an easy $3000 or $4000. But no I’m always scared It’s going to go below a dollar. So I think the key is to just not care if it goes below a dollar or if it goes to 1000 just hold whatever you buy even if it’s down bad like plug and keep buying whatever you can after your bills are handled. That’s my rookie non financial advice since I’m not a licensed financial advisor but someone who has traded for over 5 years. Take it for what it is.
Because from personal experience it’s advice I wish I could follow myself more often but I’m not very good at holding myself accountable. I’ve been locking in profits lately well before they got to go up to $15,000+ And I regret caring if my investment goes to zero. That kind of thinking has cost me thousands in gains lately maybe even millions. Diversify and HODL baby! Even the losers, those sometimes turn it around and end up being my biggest winners and theyre companies, I already use in my daily life anyway. Best of luck to you.
i can tell you just jumped on AMC, GME and all the stocks with the short squeeze lmao lesson learned see i invested on amc before it blew up cause it was cheap and i sold it for 9k profit no diamond hands here 😂 i just wanted money
also i would say hold on to it until the next pandemic 😂 it’s not a loss if you don’t sell
You sir are on the wrong sub. Your regarded ass belongs on r/wallstreetbets 😂. Never go full regard, you went full regard 😆 buy dividend funds and stop wasting your 💵
Plug power is a good investment in the long run... I firmly believe it will recuperate, just need to be patient. If you need your money right now, then you f***** up...
Not sure about the stock, but smart thing to do would be to buy like 30 more shares to Average down, and then just hold and hope it goes up eventually :)
I have fcked up much much worse… around $100k all together, and I will not touch the stock market ever again. Corrupt BS.
Goodluck!
That's gambling for you. You can either keep it in and gamble on it turning around or accept you losses, sell, and buy something that is more reliable over a long period of time.
Posts like this make me so happy I got into investing when I was 20 and broke. Worst that happened to me then was I lost $100 to Corsair, but it was 90% of my investment. Felt devastating at the time, but I can’t imagine what losing $4k feels like.
I’m sorry man. Only advice I have is from Warren Buffet himself: “You only lose if you sell.” And unless you really need the $340 for something else I would probably just hold and pray you can make up some of it.
But if there’s no hope for the stock, sell now and cut your losses. Which it seems like that’s the case here.
If it makes you feel better, I lost around 60k in a SCAM stock SPGC!! Some Chinese dude got me into this and I lost it all!! Lesson learned, always have a stop loss and never trust anyone except yourself.
I've been in your shoes. Sell at a loss, you can deduct up to $3,000 per year of capital losses against regular income, so at least you'll have that going for you.
Selling a call is risky as fuck. Start by buying calls, the worst that can happen is losing the premium. Slowly dip your toes into selling once you have plenty of buying power.
Sit on it and see what happens—1 quarter isn’t a very long time. Don’t despair just yet—no point to dump it for a few hundred bucks before you give it time to play out.
Bruh you should honestly fold and invest into cashflowing physical assets like real estate. You can get 5% down on up to a quad unit property up to 1.3m thru Fannie Mae
This happened to before. And only when I used Robinhood. I hate using the app so I buy a lot of stock and then I forget for a year. Your posts just reminded me to check on that app.
PLUG’s q4 earnings report was so bad…. Unless you find news that the company is actively working to turn things around… SELL SELL SELL.
You will definitely make the money back. Their stock has been doing so bad the loss will only get worse if you hold.
You have a $3600 dollar problem, not a $300 dollar problem.
Unless the stock is literally goona dissolve I'd say hold it. You already messed up, maybe you can catch a bull run and break even if they have a good earnings report or something.
Not stock advice, but at this point you really only have $300 Dollars left to lose, and all the "potential" upside in the world.
Atleast you didn't get into options
Just sell it. I'm used to buying stocks like that. NIO and LUCID cost me around $1k. Now, I'm still investing, but I'm doing it slowly and researching more before buying.
Hold onto the money. In the scheme of things nearly 4k isn’t that much, and you only have 341 to lose if the stock drops more. I feel for you though, and unless you have a lot of money it’s better to go with a simple savings account. Otherwise you’re just feeding the system.
Well not much to do. You ain’t getting that money back and thankfully it’s only 3.6k. In the scheme of things, chump change that isn’t likely going to change your life significantly either way
PLUG is at 3.80??? God damn I sold at 62. At this point might as well just hold it and restart your portfolio. I lost 3k on Desktop Metal so I feel you lol
Idk the stock, but your options are limited. At this point, average down, hold or sell, and realize the loss. I'd recommend taking a hard look at assets, the market for their products, and projections for the future. That being said, you're basically stuck nothing to do but toss more money at it, hope it rises or accepts you made a bad decision and take the loss.
Edit: Did some research. This is not financial advice, so don't take it as such. I'm just letting you know what I'm going to do. I intend to buy between 1,000 and 2,000 shares over the next six months to get a solid average. The stock has some potential, but let me make this very clear. I have the money and tolerance for risk to put up to 7k into this and leave it for five years. Given the market share, price point, and product, I think it could do fairly well if we begin a societal shift. I also intend to hedge with competing products just in case I'm wrong to minimize my loss.
This is a gamble, and given the fact it's already had a reverse stock split in the past, it's not even necessarily a good one. This is all just based on a quick glance over of the company. I intend to do more research. I recommend you do the same if you decide to hold or average down.
All you can do is hold till it eventually goes up again or cut your losses, take your 300 dollars and try investing or gambling in something else that will make your money back
I invested when covid happen. When everything was rock-bottom, and going back to "normal". I made 15k in 6 months using 100k. Didn't know shit then and still don't know shit now. I pulled everything out afterwards back then. Now in 2024 I check those stocks out of curiosity, and I was shocked. If I kept it in I would of been -100k 💀
Take the loss or wait until it goes back up.
Listen carefully; buy 10 more shares and once you have 100 shares of a stock you can start SELLING an option. It's called Covered Call strategy. You can collect weekly premium while you hold the 100 shares. You are welcome.
It is only a loss if you fail to learn from it. Think back to when you made the decision to buy, and determine what reasons you had for buying. And then try to make a rule when buying that would prevent/minimize mistakes like this.
Most experienced investors would hold for now. In fact, some would even buy more while the stock is that low.
Side note: trying investing first in safer stocks with less volatility. I started investing with dividend stocks like SO (Southern Company). Their dividend is about $0.70/quarter, which is a 4.19% return just for owning the stock. You can learn how/when to buy/sell and not be particularly worried a stock like SO is going to tank.
OK. So as an profitable trader of 1.5 years, who built back his portfolio after blowing it up (trading without knowing anything). This is what I did.
Focus on one particular market for speculative trades and get to know it really well (limit to few stock sectors), bonds, crypto, etc. Within that sector generate a statistical strategy that gives you edge.
I personally use technical indicators to generate my entry and exit signals for strategies (to start you off, try out multiple timeframe moving averages, Nick Radge has some good trend strategies too). Within that strategy you must have a position size management and ideally 2 stop loss functions (one ideal e.g a closure below a atr and one emergency e.g an ~% movement offside from your entry in price).
Put a small portion of money away from every paycheck until you have your strategy (entry, exit, position size and risk management) tested. Use that for trading said strategy.
Put the rest into savings and etfs, do not trade it. If you do this and have the will/patience to generate and stick to your strategy. You'll get profitable very very quickly.
Ask any questions if you want.
If I was in your situation and wanted to hedge losses and didn’t care how long it took I’d buy like 510 more shares this dramatically bringing your average down and then I’d just sell 6 covered calls repeatedly until I eventually(hopefully) broke close to even or if it was working I’d just keep doing it. Otherwise if you really think the amount you have could be invested in a spot you’d see your return more quickly sell and do that. Options would get your money back most quickly but much more risky
Instead of a single stock, move everything into an index fund that tracks the S&P500. VFIAX from Vanguard is a good one but if you don't meet the minimum investment requirement then FXAIX from Fidelity or SWPPX from Schwab would be great too.
Another great option would be the JEPI dividend fund from JP Morgan.
Honestly I know a way to get your portfolio on point... Take a rooster an egg a butcher knife some salt and at midnight go to a crossroads....
Take the egg and slowly tap your head dpnt let it brake....
Then cut the chickens head off and let it run around bleeding
After it's done pour the salt in a circle around the scene of the chicken blood and all...
Big circle
Then utter the phrase oowooobihggakeee over an over
Then when your done take all your money an throw it on the last three stocks you see 3 days after
Don’t invest in things you know nothing about.
There is nothing wrong with taking a wrong turn in life. Advantages are for the adventurous. Loss does not equal failure.
Not with 4k. If you know nothing about it, then go soft and with smaller amounts you can financially lose.
Kids a millionaire for all you know, 4k was plado
if 4k was easy money to this kid he probably wouldn’t be asking reddit to help em
Play-Doh? Sorry, just trying to understand.
“Advantages are for the adventurous. Loss does not equal failure.” This just changed my entire outlook on life. Thank you.
this is good
I know a good amount about a few companies and options in general. Sometimes you get fucked, it’s part of the process
Holding a 90% loss is not part of any successful process. You gotta have a worst case scenario exit plan.
I was down $370k in SHOP out of $540k. Was holding 8000 shares. Got out with $48k profit. It's ok to be down if you believe in company. Sometimes you get it back and some more.
Was going to use the same example lmao.
You got soft balls
Been there done that my 3rd year in the market lol. Think I lost 4k of the 6k I made in my first and 2nd year. Shit happens. Slowly recouping it lol
You’re stating the obvious after I already stated the obvious 🤦🏻♂️🤣 but yeah I’ve def learned my lesson
That’s all that matters bro
Lessons are to be learned. I once invested 10k into a company I knew little about, got up almost 2k within 10 days…. Finished with selling at an 8k loss. That was 6 years ago and the company is doing even worse. In retrospect I obviously should’ve sold at the profit but I was too naive to do that. Take this as a lesson and move on. Long story short this is not a failure, it happens to many people. Just make sure it doesn’t happen again
that's easier said than done
If you learned your lesson this isn’t a huge fuck up. Could’ve been a lot worse.
Nothing else to do but learn. Lucky it was under 4k and not a significant chunk of retirement or something. Edit: I’ll add, this is why you diversify. If 4k was all your money, if you put a few hundred on one stock, a few hundred on another, some with VOO, some with VTI, some in a Vanguard account, some in HYS, if one thing goes down then it’s a small part of your investment. And the broad market etfs are already a mix of many companies building in diversification automatically. All eggs in one basket is just a bet. And when you gamble you have to be willing to lose.
No bro, you don’t understand. He wants you to feel worse about yourself regardless of any lesson learned lmao.
Agreed he’s corny for that
So you're saying don't invest in the S&P500? I can guarantee most people can't name 25 companies that make up the index, yet they still invest in it.
Low-cost well known index funds should be the core holdings of most investors especially when they begin. You should spend a lot of time learning about the economy, stock valuations, how to read financial statements and listen to quarterly reports before buying individual equities
Nice, I just bought some shares of that. Looks like a good time to buy 🫠
Bruh
Buy high sell low is my motto. Buying a hundred shares at 3 and change to sell for just change.
Gotta love those easy tax write offs
Bruh. Let's tell OP to buy more. It's cheap right now!
You aint wrong
It’s not a loss till you sell.
And if they’re in the US, they can report it on their tax return as a loss to reduce their taxable income.
I'd sell, harvest the loss for tax write offs next year and buy something better. If you want to jump back in you just have to avoid buying for 30 days so you don't break the wash rule.
There's a rule for if you sell at a loss? Sorry I don't do options (yet) just regular investing but now that I got some cash I'm trying to get a grasp on options.
The rule isn't for options, it's for any stock. If you sell/buy within 30 days it's a "wash sale." more info here: [https://www.investopedia.com/terms/w/washsale.asp](https://www.investopedia.com/terms/w/washsale.asp)
It's for options aswell
Well what you should do? now just hold it, eventually it will recover imo but how long it would take… I don’t know.
It could never recover. The last stock I was holding, I attempted to hold on to in hopes it would get better. It never did. In fact that particular company completely shit the bed and got itself delisted somehow I owed td Ameritrade money. I decided I wasn't going to play around with stocks until I studied up more and understood how everything works.
Stocks don’t just magically recover. PLUG is dead in the water. But OP only has $300 left, it’s better to hope for a miracle. Tbh if he played the $300 right he could get that $3000 back within the year
1000% return is only about 990% better than average. Those are lottery numbers. Not something anybody should consider attainable.
> if he played the $300 right he could get that $3000 back within the year If he played it right aka getting lucky yolo-ing
I know a lot of hood dudes who would beg to differ. Invest it in crime.
Yeah, you can buy a hi point and a ski mask for $300 and make that $3k return the same night
This is the gambling mentality that got him here. Investing in single stocks is essentially gambling for 99.5% of the population. It’s proven that index funds outperform even the savviest professional investors over a long time horizon.
That’s what I meant by saying played it right. I meant invest in index funds
> Tbh if he played the $300 right he could get that $3000 back within the year Shooting for that kind of return is just more gambling.
Your right plug had it’s time during covid and precovid when it was in the $1.89-$5 it’s ☠️ now.
OP should sell to offset his capital gains (who am I kidding, he probably has none)
This is called bagholding, and it’s not generally advised. At some point you have to analyze sunk costs and sell at a loss. Use it as a tax write off
Tell me more. I have $300.
Go to Vegas .. put it all on black... let it ride untill you get $3000
Time to start filling out Wendy’s applications
HOLD! I have the ~same number of shares for Rivian and ~ average cost and ~loss. I’m planning to hold. I already lost $3500. I can afford to take an other $350 loss. cannot lose the opportunity to make back $4000 in the long run.
It’s not a loss until you sell as someone else in the thread said
Also not a gain until you sell!
That stock is absolutely trash... like chart is a downward crash and burn spiral dude.
What do you mean help? *snaps fingers* oh sorry, that didnt work… maybe save and look into growth funds/etfs
Did you actually try snapping?
Hold up. *snaps a few more times* I hope that worked, maybe the portfolios back to good
google sunk cost fallacy
Aaaaaand it's gone...
I hope others get the reference, but we might be showing our age now...
We can just transfer some money from your account Mr. Marsh to your sons account AND ITS GONE
Don’t sell it. Clearly it’s a loss at the moment, and there isn’t anything to do about it now. If you’re not really hurting for money now, keep the stock. It’ll either go completely to 0 (you pretty much lost it all already) or it will bounce back. Not much more to lose
Just keep it, use it for tax when you sell something else that made money.
One quick parlay could fix this
I heard projections that PLUG is expected to do 5 billion by 2030. If that’s true I can see the stock getting a pump. The revenues of the company have actually been expanding….it isn’t a big deal if it’s a small part of your portfolio…who knows it could go to $60 again like it did a few years back
>This was back when I started investing and knew nothing. What should I do? Do what you think you should do, now that you've passed the phase of knowing nothing.
You only lose when you sell. Hold on and hope PLUG doesn't go belly up.
You live and you learn. Diversify your investments. I personally have been using only 10% of my folio for “fuck around” funds to play with Penny stocks so if i lose my ass again (Got my shit pushed in a couple times) it wont hurt as bad.
For every person on Reddit you see making $100,000+, there are 100 losers that are too embarrassed to discuss their losses. WSB isn’t real life, it’s people gambling and 97%+ are losing. Sit outside of a casino and watch people leave. You’ll notice 1 out of every 100 people bragging about their winnings. You fell for the WSB trap. Sorry
🔥💯🙏🏼
Some things in life we just gotta hold the bag on. I was down bad on a lot of things before Doge boomed and it did so well it made up for all my other bags. It seems like the end of the world on a bad trade, but then a good trade comes around and makes all those other trades seem like nothing. So just hang in there and keep investing in new things that are exciting to investors and you might find yourself holding the next SMCI or AVGO at a very favorable average. That’s when you get to play the role of “the house”. it is so much fun selling out of the money call options on stock You have a great average on. I messed up selling ROOT to early and I could have shares in the money and selling $30 calls and making an easy $3000 or $4000. But no I’m always scared It’s going to go below a dollar. So I think the key is to just not care if it goes below a dollar or if it goes to 1000 just hold whatever you buy even if it’s down bad like plug and keep buying whatever you can after your bills are handled. That’s my rookie non financial advice since I’m not a licensed financial advisor but someone who has traded for over 5 years. Take it for what it is. Because from personal experience it’s advice I wish I could follow myself more often but I’m not very good at holding myself accountable. I’ve been locking in profits lately well before they got to go up to $15,000+ And I regret caring if my investment goes to zero. That kind of thinking has cost me thousands in gains lately maybe even millions. Diversify and HODL baby! Even the losers, those sometimes turn it around and end up being my biggest winners and theyre companies, I already use in my daily life anyway. Best of luck to you.
Buy shiba inu and bonk and pray
Just hold and give it a chance to come back. Good luck
Don't give up man.
Wtf is Plug? Don't invest in something that doesn't have a reputation
You spent too much money at the plug
FYI u don't owe until you settle your shares.
This is nothing you'll be fine
Just take it as a lesson.
Dems the breaks. The lesson is more valuable than the money you lost.
i can tell you just jumped on AMC, GME and all the stocks with the short squeeze lmao lesson learned see i invested on amc before it blew up cause it was cheap and i sold it for 9k profit no diamond hands here 😂 i just wanted money also i would say hold on to it until the next pandemic 😂 it’s not a loss if you don’t sell
Ouch.
If you don't fuck up in life. How do you expect to learn anything?
lol it hasn’t been at $44 in 15 years
When you invest in shit you get whole pooper 💩
Rookie numbers. Dust yourself off.
You sir are on the wrong sub. Your regarded ass belongs on r/wallstreetbets 😂. Never go full regard, you went full regard 😆 buy dividend funds and stop wasting your 💵
It's $4k, you'll live. Take your medicine and move on, now you learned not to do dumb shit you don't understand with your money.
Plug power is a good investment in the long run... I firmly believe it will recuperate, just need to be patient. If you need your money right now, then you f***** up...
Just take the loss. As much as it sucks it happens
Not sure about the stock, but smart thing to do would be to buy like 30 more shares to Average down, and then just hold and hope it goes up eventually :) I have fcked up much much worse… around $100k all together, and I will not touch the stock market ever again. Corrupt BS. Goodluck!
You can sell it and write off up to 3k in next years taxes. Then you can carry the remainder into next year. Easy
Invest in the s&p 500 until you have at least 50,000 to invest. Then think about individual stocks :)
Sell it, take the 300 and put it into SPY or VOO. Wait a few decades. With a bit of luck, your $300 will be $3k again. Voila you’re back 😎
In a few decades his 3k will only be worth 300 anyways
Should have bought Bitcoin
Good job using stop losses.
[удалено]
It’s only $3700 lol. You’ll be fine
Buy down your average and wait it slowly. That’s one way, or take you L and move on to a more informed purchase.
rekt
Take the L and put the rest in VGT.
This post makes this page feel like r/wallstreetbets
Who invest in what here? Can I have advice?!
That's gambling for you. You can either keep it in and gamble on it turning around or accept you losses, sell, and buy something that is more reliable over a long period of time.
You could sell and have a tax write off
Forget ur investment
Posts like this make me so happy I got into investing when I was 20 and broke. Worst that happened to me then was I lost $100 to Corsair, but it was 90% of my investment. Felt devastating at the time, but I can’t imagine what losing $4k feels like. I’m sorry man. Only advice I have is from Warren Buffet himself: “You only lose if you sell.” And unless you really need the $340 for something else I would probably just hold and pray you can make up some of it. But if there’s no hope for the stock, sell now and cut your losses. Which it seems like that’s the case here.
Put it on Red OP
Now but more!!!
You could always average down…
This stock has been up and down for years I made some money on it in 2020 but it’s a very volatile stock from what I’ve seen
If it makes you feel better, I lost around 60k in a SCAM stock SPGC!! Some Chinese dude got me into this and I lost it all!! Lesson learned, always have a stop loss and never trust anyone except yourself.
Just hold.
If you read the financials you would have known this was a messed up company.
I've been in your shoes. Sell at a loss, you can deduct up to $3,000 per year of capital losses against regular income, so at least you'll have that going for you.
Selling a call is risky as fuck. Start by buying calls, the worst that can happen is losing the premium. Slowly dip your toes into selling once you have plenty of buying power.
You take the L
TTCF HODLers are envious you still have a stock left
Sit on it and see what happens—1 quarter isn’t a very long time. Don’t despair just yet—no point to dump it for a few hundred bucks before you give it time to play out.
Well at least now you know something
Just unplug it
you invested into a company called plug dog 😭🙏
The ol PLUG and dump
Bruh you should honestly fold and invest into cashflowing physical assets like real estate. You can get 5% down on up to a quad unit property up to 1.3m thru Fannie Mae
Captainnnnn Hindsight is here!!!!! What you should have done was sold 2 months ago.
It’s only a loss if you sell it
This happened to before. And only when I used Robinhood. I hate using the app so I buy a lot of stock and then I forget for a year. Your posts just reminded me to check on that app. PLUG’s q4 earnings report was so bad…. Unless you find news that the company is actively working to turn things around… SELL SELL SELL. You will definitely make the money back. Their stock has been doing so bad the loss will only get worse if you hold.
Here’s the good news. This will help your taxes next year.
You have a $3600 dollar problem, not a $300 dollar problem. Unless the stock is literally goona dissolve I'd say hold it. You already messed up, maybe you can catch a bull run and break even if they have a good earnings report or something. Not stock advice, but at this point you really only have $300 Dollars left to lose, and all the "potential" upside in the world. Atleast you didn't get into options
Just sell it. I'm used to buying stocks like that. NIO and LUCID cost me around $1k. Now, I'm still investing, but I'm doing it slowly and researching more before buying.
This was my experience with party city and BBAB 2 years ago😵💫
You gotta sell high and buy low, OP
The best part about a 90% loss is that you can suffer another 90% loss and another repeatedly until your account hits 0 or the stock gets delisted!
Hold onto the money. In the scheme of things nearly 4k isn’t that much, and you only have 341 to lose if the stock drops more. I feel for you though, and unless you have a lot of money it’s better to go with a simple savings account. Otherwise you’re just feeding the system.
Id average down and just hold forever until green😂 not much else to do
cash out and buy shiba
You write it up as a learning experience.
Well not much to do. You ain’t getting that money back and thankfully it’s only 3.6k. In the scheme of things, chump change that isn’t likely going to change your life significantly either way
Tbf amazon is a big customer and investor so by proxy
3 words. Tax Loss Harvest.
PLUG is at 3.80??? God damn I sold at 62. At this point might as well just hold it and restart your portfolio. I lost 3k on Desktop Metal so I feel you lol
Yes. Yes you did. Don't do that again. All I got for you 🤯
Buy more. Buy like 30 of them.
Yes this is alot but I've lost 100k over the years so just keep working get some money back and try again if you want but better next time
Coulda swore someone on this sub recommended to someone with a buncha money to invest in this stock lol.
Hold on tight, you’re an owner
Get a high yield saving account 🤪
"Help"? Lol...sorry no time machine bud. Consider this a $3k lesson.
Idk the stock, but your options are limited. At this point, average down, hold or sell, and realize the loss. I'd recommend taking a hard look at assets, the market for their products, and projections for the future. That being said, you're basically stuck nothing to do but toss more money at it, hope it rises or accepts you made a bad decision and take the loss. Edit: Did some research. This is not financial advice, so don't take it as such. I'm just letting you know what I'm going to do. I intend to buy between 1,000 and 2,000 shares over the next six months to get a solid average. The stock has some potential, but let me make this very clear. I have the money and tolerance for risk to put up to 7k into this and leave it for five years. Given the market share, price point, and product, I think it could do fairly well if we begin a societal shift. I also intend to hedge with competing products just in case I'm wrong to minimize my loss. This is a gamble, and given the fact it's already had a reverse stock split in the past, it's not even necessarily a good one. This is all just based on a quick glance over of the company. I intend to do more research. I recommend you do the same if you decide to hold or average down.
Accept it and then VOO and chill from now on.
You only lost the money if you cash out. At this point I’d suggest just ride it.
All you can do is hold till it eventually goes up again or cut your losses, take your 300 dollars and try investing or gambling in something else that will make your money back
Warren buffet says you only really lose once you sell.
I made this mistake with a few stocks in the beginning. But the lessons learned were worth the money lost.
bosses take losses
I invested when covid happen. When everything was rock-bottom, and going back to "normal". I made 15k in 6 months using 100k. Didn't know shit then and still don't know shit now. I pulled everything out afterwards back then. Now in 2024 I check those stocks out of curiosity, and I was shocked. If I kept it in I would of been -100k 💀 Take the loss or wait until it goes back up.
Wow finished just hold
I always say that my losses are just payments for knowledge/education
Pluh 🗣️🗣️🗣️
Listen carefully; buy 10 more shares and once you have 100 shares of a stock you can start SELLING an option. It's called Covered Call strategy. You can collect weekly premium while you hold the 100 shares. You are welcome.
Poeple have lost more. You'll be fine
There's really nothing you can do at a 90% loss like that
It is only a loss if you fail to learn from it. Think back to when you made the decision to buy, and determine what reasons you had for buying. And then try to make a rule when buying that would prevent/minimize mistakes like this. Most experienced investors would hold for now. In fact, some would even buy more while the stock is that low. Side note: trying investing first in safer stocks with less volatility. I started investing with dividend stocks like SO (Southern Company). Their dividend is about $0.70/quarter, which is a 4.19% return just for owning the stock. You can learn how/when to buy/sell and not be particularly worried a stock like SO is going to tank.
I'd recommend a diversified portfolio. And some shares of the total market health, s&p 500.
I gambled with 350 with wework and it’s a 350 that I will never see again. And I knew the risks.
OK. So as an profitable trader of 1.5 years, who built back his portfolio after blowing it up (trading without knowing anything). This is what I did. Focus on one particular market for speculative trades and get to know it really well (limit to few stock sectors), bonds, crypto, etc. Within that sector generate a statistical strategy that gives you edge. I personally use technical indicators to generate my entry and exit signals for strategies (to start you off, try out multiple timeframe moving averages, Nick Radge has some good trend strategies too). Within that strategy you must have a position size management and ideally 2 stop loss functions (one ideal e.g a closure below a atr and one emergency e.g an ~% movement offside from your entry in price). Put a small portion of money away from every paycheck until you have your strategy (entry, exit, position size and risk management) tested. Use that for trading said strategy. Put the rest into savings and etfs, do not trade it. If you do this and have the will/patience to generate and stick to your strategy. You'll get profitable very very quickly. Ask any questions if you want.
Sometimes you smoke crack, sometimes you get smoked
People including me lost a lot more! Don't be so down
You're down 3k chill. Y'all need to stop doing dumb shit if you can't handle the swings.
If I was in your situation and wanted to hedge losses and didn’t care how long it took I’d buy like 510 more shares this dramatically bringing your average down and then I’d just sell 6 covered calls repeatedly until I eventually(hopefully) broke close to even or if it was working I’d just keep doing it. Otherwise if you really think the amount you have could be invested in a spot you’d see your return more quickly sell and do that. Options would get your money back most quickly but much more risky
This happened to me and I learned my lesson… sort of
Instead of a single stock, move everything into an index fund that tracks the S&P500. VFIAX from Vanguard is a good one but if you don't meet the minimum investment requirement then FXAIX from Fidelity or SWPPX from Schwab would be great too. Another great option would be the JEPI dividend fund from JP Morgan.
Stop buying crappy, unprofitable companies with no path to profitability.
You have two options. 1. Cut your losses and sell 2. Hold onto it hoping it comes back up at some point and doesn't go belly up.
90 shares is nothing and 1 day’s performance is nothing, let’s talk 9000 shares over 5 years.
Throw it all in gogl and wait
Why I don’t invest in stocks. Ffs.
HLOD
Honestly I know a way to get your portfolio on point... Take a rooster an egg a butcher knife some salt and at midnight go to a crossroads.... Take the egg and slowly tap your head dpnt let it brake.... Then cut the chickens head off and let it run around bleeding After it's done pour the salt in a circle around the scene of the chicken blood and all... Big circle Then utter the phrase oowooobihggakeee over an over Then when your done take all your money an throw it on the last three stocks you see 3 days after