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Lost over 15K in savings by doing this - Writing this to remind myself what an idiot i was with my investment account. I put some savings aside since before covid and then I started "playing" with options. I thought i had figured out how to deal with this putting stop loss orders to manage risk and avoid big losses. However, I got assigned stock for a short leg of a vertical spread I had, when AFRM started dropping in 2021-22. I sold the long puts and decided to wait and be more flexible with my risk tolerance, after all the market would always bounces right? Well i was very wrong. Timeframe is really important and decided to ignore that thinking I had enough time for the stock to bounce a little and recover part of my losses. Then the market started to tank... I lost control of it after it went down by 10K and by the time i was down 15K and I had lost more than half my savings, my mind went numb to losses. I started trying to pick long only options to recover something but since then I rarely got a good win to help me but me back on track. A lot of the stocks I invested in never bounced back, all because I was following the trends and investing in what other people invest. I would blame it on the news and stock research, sites sometimes gaslighting stocks that seem solid but ultimately it all comes down to one's research and self control to manage risk. Today I got f'ed by $ON, which was a very solid stock based on my research. Not a huge blow compared to AFRM, but this time I give up. I will leave my account alone for a while and let it be, hoping for a stock market rally to cut down my losses... Needed to rant, opinions and feedback welcome as there's nothing left to do but keep saving and grinding. Stockmarket

Lost over 15K in savings by doing this - Writing this to remind myself what an idiot i was with my investment account.

I put some savings aside since before covid and then I started "playing" with options. I thought i had figured out how to deal with this putting
stop loss orders to manage risk and avoid big losses. However, I got assigned stock for a short leg of a vertical spread I had, when AFRM started dropping in 2021-22. I sold the long puts and decided to wait and be more flexible with my risk tolerance, after all the market would always bounces right? Well i was very wrong. Timeframe is really important and decided to ignore that thinking I had enough time for the stock to bounce a little and recover part of my losses.
Then the market started to tank... I lost control of it after it went down by 10K and by the time i was down 15K and I had lost more than half my savings, my mind went numb to losses. I started trying to pick long only options to recover something but since then I rarely got a good win to help me but me back on track. A lot of the stocks I invested in never bounced back, all because I was following the trends and investing in what other people invest.
I would blame it on the news and stock research, sites sometimes gaslighting stocks that seem solid but ultimately it all comes down to one's research and self control to manage risk.
Today I got f'ed by $ON, which was a very solid stock based on my research. Not a huge blow compared to AFRM, but this time I give up. I will leave my account alone for a while and let it be, hoping for a stock market rally to cut down my losses...

Needed to rant, opinions and feedback welcome as there's nothing left to do but keep saving and grinding.

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Shortnsalty @LykeShares
Berkshire is hoarding so. much. cash.
Berkshire is hoarding so. much. cash.
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Mining_Mate @LykeShares
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore.

There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can ...
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore. There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can rush, it’s a complex, slow-moving process that takes years of precision and experience. Intel could recover some ground eventually, but framing them as the savior of American chipmaking feels more like a political talking point than a practical reality.
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Goldrush_Greg @LykeShares
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
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Stonksurfer42 @LykeShares
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
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Moonbagjack @LykeShares
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
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Chartwizard_Au @LykeShares
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
🔺 Student Loan Delinquencies Hit Record 12.9%... The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
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Tendies_Inbound @LykeShares
#ASX:ASN Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
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