Veteran of a Thousand Thread-Ban Wars
- 170d 14h 23m
I spent a few minutes organizing this. I cant function on what platforms give us. I throw everything into Excel. The GLG has a delisting warning if you hadnt seen it. I am not going to prognosticate on most of this on where it will recover or not. I dont know anything about many of them and I'm not going to research it. The question you have to ask is are you better off taking a bath on the stuff that is speculative/meme/penny stocks and investing what is left of those positions into something that will make money. You could spend years with dead money hoping they recover or they could recover tomorrow. I dont know the answer to that.View attachment 400180
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The holdings of an incompetent dipshit (Yes this is taxable account, I contribute my % and company match to some 401k I don't even look at.)
FYI, I've read a few books to the point I basically know what I SHOULD be doing. But implementation of knowledge is alot different than just learning. To build off this, I already know my sizing is fucking absurd. The Day Trade book said not to risk anything more than 2% per trade? You (Blazin) said you only risk 0.5% on riskier positions. I know every position I take I should have an exit strategy. I know every position I take I should have an idea of where / when / how to take profit. I know about the reversion to the mean. I know to not be a fucktard with options (I haven't touched them and already educated myself on them a fair bit.)
I mean this is basically the crux of my problem. I should've put 95% of my money into an index and used that 5% for speculative / play money. But I didn't. So now I'm in a rock and a hard place. Do I accept I fucked up potentially 5-10 years of gains? Or do I work hard to right the ship? I've picked the latter and while I had a good month in January this month has kicked my ass. And a lot if it is self sabotage. I was up $400 on that OSTK short. I was up another $400 on a U short that ended up going sour. I closed other positions way too fast that would've paid out more (HOOK & OCGN.)
And the only reason I short is because of how screwed I got going long. Admittedly I need to learn how to make money long. Closing losers and making money as a bull are my two highest priorities right now. I mean fuck, if I just bought TSLA at $700 yesterday I wouldn't be whining like a bitch. Oh well.
I will say as I have said before, don't gamble or if you do allocate a very small percentage of your money and have a really solid foundation of why you are gambling. Not because of some discord pump and dump server chat. Research the companies you think might be worth a gamble and really understand them. I can tell you near everything there is to know about SPIR and they might still go to zero tomorrow. If they do, I didnt lose because of lack of knowledge. You work real hours to make the dollars you invest. You should be working hours figuring out where to put those dollars.
edit: I didnt highlight PARA but it is a real company with real earnings and dividends. RBLX has "potential" to turn it around or be acquired down the road.