Cut loss on wish stock
I know it is painful, but today I decided to take the loss, down about 200k It is my hardworking money But when I start to realize wish is a shitting business I should accept my mistake and take my loss $wish, you guys let me down Whatever, I lost everything It is hard, but I have to accept and start over I also forgot to mention that I’m taking a divorce as well with two kids Anyone is more fucked up as me at this age ? I don’t even wanna think about it TC 200K
Now that you've sold it'll bounce back up. Thank you for your sacrifice.
Learn from it and move on. Failures in life can make you a better person if you learn from it!
Did you put all your savings in Wish? 😳
Unfortunately, I also sold google stock, I just thought it was cheap, but now I learn something is cheap for a reason, for wish I think it is cheap because it doesn’t have a good foundation, the people in Twitter said they have a foundation because they are under water and wanna get out, I think they just want to get out and they tried to pump it, but I learn anyway, I’m 32, starting over next year
Wow, so sorry OP. Next time try and diversify to minimize risk. This is something I’m also struggling with as well but I have 3 investments that I put my money into: 1) 401k Roth maxed each year (20k invested) 2) 70% of savings VTI 3) 30% of savings in A high risk stock, or a single company stock (in this case can be Wish)
Buy buy buy after you sell sell sell
You should have sold covered calls to recover losses
It is kind of too cheap
I am also down like $20k on WISH. Never put all your eggs in one basket
It is a bad basket, just need to remember that things are cheap for a reason
Lol. Just yolo the rest of what you have into Bnt (crypto) . And print
Oh come on, google stock has risen so much in the last 2 years and that should make up for it.
It’s still a solid business. So many shorts on it that it has tanked in the last few months.
I would never think it is solid
It is certainly not a solid business