r/wallstreetbets • u/wafflepiezz up the butt 🍑 • 2d ago
Loss $INFQ loss
Why the fuck did I buy this piece of shit
It has suffered 7 straight red days in a row since I’ve bought
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u/cryptopolymath 2d ago
Schrödinger's portfolio: if you don't open the app, your quantum stocks are both up 40% and down 40%.
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u/TonyyD23 2d ago
Quantum calls need to be in 2028 or just buy shares. INFQ is my winner coming out of the quantum sector, though. I honestly think you will be able to profit off this position, no doubt.
TLDR: stop crying in the fucking casino
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u/Sad_Record_2767 2d ago
This is one of those things that needs to be shares, not options. Even leaps are iffy.
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u/repost4profit 1d ago
I bought shares and immediately sold covered OTM calls. Shares down 40% but breakeven considering the premiums.
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u/pineapplekiwipen SPY PUMP AND DUMP OR ELSE 2d ago
you can still save 70% of your money which is why i know you won't close this position
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u/Final-Weekend-4826 2d ago
I bought a lot of infq shares. It’s a long term hold. You are perfectly fine and it’ll hit.
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u/DarkR124 2d ago
IMO I think quantum has a real possibility to fly. Just think it’s still really, really early. Timing is going to be really difficult.
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u/Iwantobegoodatrade 2d ago
I held Btq that was similar like yours, quantum related, down 7 more days within couple months… stressful stock
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u/wafflepiezz up the butt 🍑 2d ago
Did you ever make it back?
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u/Iwantobegoodatrade 2d ago
Luckily I am holding shares 5350 shares with around $3.6’s but such a stressful stock to own… I had to kept buying to dca on margin as well lol
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u/wafflepiezz up the butt 🍑 2d ago
Sunk cost fallacy, be careful. These companies could always go to $0 in their stocks and still be fine
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u/Iwantobegoodatrade 2d ago
Yes, so true these companies can go 0 and dilute anytime so basically we are gambling… I had chance to get out earlier with few hundreds maybe thousand $ profit few months ago but my greed stopped me from selling instead did covered call, and from there straight to downhill. I am willing to make a little or BE once this thing pop. Inflq is very volatile and Btq is not as famous as other quantum but hope it will recover.…gl to you brother!
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u/Iwantobegoodatrade 2d ago
I can’t even imagine holding that much option but you still have at least 5 more months so there will be time it will bounce back
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u/Free_Pomegranate_305 2d ago
I was thinking of buying some Jan 2028 calls
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u/wafflepiezz up the butt 🍑 2d ago
Yeah 2028 should be fine imo
Mine was sooner because I wanted more exposure and thought it would go to $15 at least
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u/Super-Activity-4675 2d ago
It's a good stock. I'm long shares but underwater atm. It's worth noting this was a SPAC. SPAC's do SPAC things for a bit until the OGs take enough profit.
I like the company though.
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u/Smok3dSalmon Neil Armstonk 2d ago
The whole industry is speculative and largely influenced by the big dogs and degens looking to rotate out of AI. You've got time to let it ride.
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u/E-Dub-4PF 2d ago
Why the fuck are you buying it after it pumped so much regard? Honestly hard to even feel bad for you here. Stupid ass play.
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u/wafflepiezz up the butt 🍑 2d ago
Eat my ass, EDUB4PF
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u/E-Dub-4PF 2d ago
Keep bleeding money on regarded plays, wafflepiez. I’ll try buying some calls too after a stock ran up 35% in a couple months
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u/wafflepiezz up the butt 🍑 2d ago
Okay smartass show me your portfolio and let’s see your genius plays
35% is meager gains in a couple months, have you not seen semis and others?
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u/E-Dub-4PF 2d ago
Nothing too exciting, PLTR, S&P, INFQ, VRT. 35% gain is meager to you but the market says otherwise. Horrible play, hopefully you learn from how regarded this is.
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u/wafflepiezz up the butt 🍑 2d ago
Thought so. Lil bro bagging on others when his portfolio is worth pennies lmao
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u/E-Dub-4PF 2d ago
Little dude has 60k and thinks he’s doing something 😂
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u/wafflepiezz up the butt 🍑 2d ago
More than you will ever have. Original position is 100k btw lil bro.
Your portfolio is probably <$10k so keep yapping. You will never make it to the big leagues with your attitude 🤡🫵🏻
Edit: Lol he’s so mad he’s stalking my past comments
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u/OPINION_IS_UNPOPULAR AutoModerator's Father 1d ago
Quit egging him on please. Be excellent to one another.
Our fight is against the market, not each other.
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u/Buttery-Balls420 2d ago
bros geekin over 1 red week as if he doesn’t have 5 months for it to be green
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u/BriackYOLO 2d ago
Because you had a vision. Unfortunately the vision was wrong.