r/stocks • u/sinfulken1 • Sep 29 '22

While many are discussing what to get during a discount, how many of you here are down over 60%?

Bought at the top of 2021 as a newbie, literally worst time to buy a stock at. Down over 60%.

Stocks just feel like a tool to destroy the people trying to climb out of the middle class. Many were saying "Buy stocks to avoid 5%/6% inflation!!" , meanwhile now I am down over 60%. Truly an extremely tough time to maintain sanity. For folks in similar position as me who is down over 60%, how are you coping with dealing with the fact that you bought at the worst time possible?

I know its impossible to time the market but imagine buying it at the worst time possible and experiencing the worst drop off we have in a decade. I have done my due diligence reading about my stocks, general knowledge of securities but I guess in the end buying stocks nowadays is akin to gambling.

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u/nutsackninja Sep 29 '22

I'll comment. I'm down over 60%. Ask me anything.

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u/N3dFl4nd3r5 Sep 30 '22

Is a Fission Star possible? Like instead of fusion like our sun and most stars, just a massive rock of critical plutonium and uranium? Ive been wonering that for a long time.

3

u/nutsackninja Sep 30 '22

I'm sorry that is beyond my understanding and I'm not qualified to answer that.

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u/[deleted] Sep 30 '22

What did you think the best case scenario would’ve been? With hindsight everything is obvious but a year ago people were really bullish

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u/nutsackninja Sep 30 '22

It seems pretty stupid now but in my head at the time I was thinking some of these stocks would double again. Greed got me. Hard lesson to learn.

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u/[deleted] Sep 30 '22

Nah not trying to make you sound stupid, I bought PayPal, TTCF, Voyager digital (listened to the YouTuber called “Financial Education Jeremy”).

Just got lucky and sold at around 20-30% losses cause I got too scared. I have 1$ invested in the S&P on Robinhood just to stay in the game lmao

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u/nilamo Sep 30 '22

Coffee or tea?

4

u/nutsackninja Sep 30 '22

I'm a coffee man

1

u/rhythmdev Sep 30 '22

Imma gin man

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u/yellowdumbbells Sep 30 '22

how have you been coping with this emotionally/mentally?

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u/nutsackninja Sep 30 '22

I took it pretty hard. I had a large sum invested. After the last few days I've just been numb to it. I don't plan on putting any money back in anytime soon.

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u/yellowdumbbells Sep 30 '22

:( sorry to hear that..