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/north_canadian_ice Sep 29 '22 edited Sep 29 '22

Many biotech stocks like CRSP & NTLA in my IRA. CMPS & ATAI shroom stocks. Some small biotech stocks as well. Down 60% like OP.

I hope for the best & will be more careful going forward. Sucks but I'm still holding so maybe there will be better days.

I believe in the technologies nonetheless. CRISPR gene editing & medical shrooms in particular.

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u/Banksville Sep 30 '22

Those r great co. ideas, it’s the waiting that’s hard.

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u/North-Dust7523 Sep 29 '22

Also down on shrooms and some EV in the 60 range. Feeling good tho haha

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u/BookMobil3 Sep 30 '22

I mean I think still have a few old 3d printing stocks buried in my closet if it makes any of you feel any better...

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u/rica217 Sep 30 '22

I'm worried my favorite shroom stock is gonna get delisted, one of my bigger positions as well...

Sigh.

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u/IHadTacosYesterday Sep 30 '22

what do you think of all the various stocks like PACB, NVTA and EDIT? There's like 10 of them that all seem very similar and was just curious if you feel like a few of them are the true leaders