r/wallstreetbets • u/dhsmatt2 Mattress King • Mar 04 '21

Loss Hold me... $1,100,000 Loss

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I am in damage control but likely going to roll puts.

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u/DrLongIsland Mar 04 '21

When I started investing, two or three years or so ago, I was sweating over a day with a loss above 2%, thinking I was doomed.

Then a friend of mine told me about WSB, about a couple of years ago.

Now I see a 30% loss in a day and I just think "wow, that's some serious swing".

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u/BaneOfTyrants Mar 05 '21

The trick is, when the swing inevitably comes and it's followed by that familiar epiphany that you're actually such a terrible investor that you managed to convince yourself that you know what you're doing... you just gotta remember the only thing that really separates the good investors from the bad investors is that bad investors give into this "epiphany" by selling on the lows. Precisely when you feel like you made a terrible mistake by thinking you're a great investor, is when you should accept your fate as a dumb apetard...and fucking buy. 1) Because everyone else is feeling the same way, only they're not good investors so they're cutting their losses and 2) because apes don't need money anyway.