Any part-time Day Traders here taking advantage of the Covid-19 volatility?
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  1. #26
    Senior Member Reputation points: 30747
    Join Date
    Aug 2016
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    486

    Quote Originally Posted by Winning View Post
    My meme stock loss porn..

    I am not going to sell them though. The purchase dates kind of have a historical meaning in my portfolio now.. I might even get some paper stock certificates issued and have them framed..

    Anyone else have a problem with dollar cost averaging??

    According to dollar cost averaging, I should have bought more AMC when I posted about the 58% loss I took on AMC... Especially since I didnt sell it at the loss.. I had bought it at $17, within a few days it was down to $7... I've still been holding my shares I bought @ $17, and now they are at $35! I am at 121% gain, but that could have been 350% or higher if I would have did dollar cost averaging.

    I wish I would have had the stomach to by twice as much when it went down to $7. But I let my emotions get the best of me and didnt do it.

    I am actually trying to talk my self into dollar cost averaging some of my crypto investments that are currently down 50%.
    Last edited by Winning; 06-01-2021 at 09:32 PM.

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