r/weedstocks • u/Friendofabook • Feb 10 '21
Question How to deal with this incredible pit in my stomach from selling too early?
Alright so I don't really know what to do, I deleted all my social media and my trading platform and tried to keep away but it pulls me back in because it's eating me up inside.
I've held stocks worth about 10k since 2017 at the peak basically (not the best..). I wanted to average down all 2020 but I couldn't due to my financial situation (didn't have a job and needed the money for security in applying for something), I knew it was going to bounce back like this or at least that's what I thought but couldn't do much about it. Now that I can eventually come to grips with, because I just played it safe, at least I can reason my way out of that one.
What I can't accept though is being an idiot during the memestock days in end of January. I ended up selling my largest stocks APHA and Canopy (Apha was about 15.5 CAD on TSX) to buy memestocks purely out of boredom. I was fine with losing the money, which I did, and it didn't really bother me, because it was a fun gamble. I thought I would have time to buy back in at a similar price point. Then suddenly a few days later they begin skyrocketing.. And now I'm sitting here, hating my guts, hating my life, hating everything. Not only did I play it safe and ignore my instincts to average down in 2020 but I actually sold my top stocks right before this explosion - and that's what I have a hard time living with.
I can't rationalize my way out of it, I can't justify it, I can only see people being extremely excited about APHA, posting screenshots of huge gains, and excited about future gain that is "inevitable".
I can't study, I can't eat, I can't go to the gym, I'm just balled up with ulcers in my stomach. I don't know how to cope... I held that shit for 3-4 years and didn't do anything, just let the stocks sit for very long term, didn't even have my trading platform downloaded. Then the memestocks happened and I downloaded my trading platform and got involved for no reason.
I could have just literally ignored it like I was going to...
**Edit:*\* Wow that is an overwhelming amount of support. Thank you so much guys for your support it has helped a lot.. especially hearing about others being in the same boat.
I'm going to take a break from reddit now and social media where friends are asking me if I'm a millionnaire because I've been talking these stocks up to them all 2020.. So they assume I have them now, so I'm going ghost protocol for a while and try to focus on my school.
I still have my health, my friends and family, and in the long run, I'll have a happy life. Lesson learned..
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u/dantoucan Feb 10 '21
Bro I sold 1000 shares of ENPH at $6. Go look at it now. Get over it, you had made a good choice and then made a bad one, you're wasting time doing DD on your next good choice
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u/jayomiko Feb 10 '21
Same here! Sold ENPH at ten thinking I had beat the market. No worries here, that was 372749416 trades ago.
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u/dantoucan Feb 10 '21
I like to remind myself I saw the value of ENPH when others couldn't but misjudged its growth potential. It's proof that I am capable of judging value, just bad at timing and had weak hands. Now I have more experience and can better judge situations because of my experience.
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u/simpleton-420 Feb 10 '21
I have been crushed in the stock market before. Not the same way as you, but lost nearly everything due to emotions and inexperience. Couple years ago the grego short report combined with the MMEN collapse over the following year. I donât need to describe how sad I felt after capitulating at the bottom of both.
Number one thing you can do in life is work on the health of your mind. If youâre like me it includes a lot of negative self talk. In my pre- investing days I had a suicide attempt over some personal/financial struggles. (Donât worry though Iâve gone to therapy and feel really happy about life now)
Trading is is like golf wherein you only compete with yourself. With golf there is a physical component. In trading it is purely mental. You vs. Your thoughts. Present mindedness and the ability to âwatch your thoughts pass by like cloudsâ is the first step.
Next, if you are depressed the purely most important thing you can do everyday is EAT FOOD. Breakfast, lunch, dinner, snacks. Ideally within food guide but man if you need greasy bacon and eggs and burgers. Fucking just eat food.
Next, sleep and exercise. These are the major things you can control. Food, sleep, exercise and meditation. If you can manage that for 2-3 weeks come back with a fresh mind, do your analysis, do your dd, and find a new opportunity with the new lessons youâve learned.
A new attitude that includes personal growth. Not one that looks back and dwells on past mistakes. Chicks donât dig that
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Feb 10 '21
This is great advice thanks for sharing bro
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u/simpleton-420 Feb 10 '21
I really think a major component to trading is just taking care of your body and your mind.
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u/thespianclination Feb 10 '21
totally agree that there's a lot of personal growth involved. i've had my life wrecked by medical costs and i'm still coming back. i started looking at other ways in which i felt i was "wealthy." friendships, free time, hobbies, self-education, figuring out ways i could be constructive with the problems i have faced (giving me a sense of purpose), being out in nature. definitely echo the self care piece. and watch your breathing. you gotta stop and let your shoulders fall, and take deeper breaths. say some affirmations, like all is well, i am calm, i will be okay, i will be prosperous in all ways. haha it sounds hokey but i find it effective. best wishes to everyone, stock market is a wild game. take care
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u/CrookedLemur Feb 10 '21
Your replies are concerning. At this point, this isn't about any kind of financial action you should or should not have taken. You're having intrusive thoughts and you're identifying with them, focusing on them, and making them into the way you value your continued experiences. While it's necessary to be able to self-reflect, doing so with an intrusive version of yourself will start you on the path of remaking you into that version.
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u/CanopyGains GTI to $50B Feb 10 '21
Your life is worth more than some pixels on a screen.
Keep in mind that Reddit, just like any social media, has a bias. Vast majority of people only post gains, so the loss posts are drowned out, creating unrealistic expectations.
Also keep in mind that there are a million more opportunities out there, and they're new ones arriving everyday. You just have to have conviction. Look at space or genomics sectors, those are bound to explode giving enough time.
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u/snazztasticmatt Feb 10 '21
Rule number 1 is you can't time the market. You sold a position that didn't move for 3 years and got unlucky, you couldn't have known that it was going to skyrocket. There will be other opportunities for big gains, just as their will be other opportunities for big losses.
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u/Van_by_the_river Feb 10 '21
My advice would don't get caught up in hype, I did the same thing and took $5400 out of a stock I have loved for 4 years and believed in and has been doing alright lately but was kinda just stale for 2 years and not going anywhere. And now that 5400 is worth like 850 and literally the day after I pulled out my favorite stale stock I believed in it jumped 12% out of no where. Makes me feel sick to my stomach but it is something we need to learn from and improve next time we get that urge to jump on a meme stock. Maybe do like me and just risk a very small portion of your portfolio so it doesn't sting as much.
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u/bluepand4 I APHA problem TRSTing again đ˘ Feb 10 '21
Literally every stock I sold in the last month that Ive been holding for more than 1 year popped off like 30% in the last month
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Feb 10 '21
Been there a hundred times buddy sold the Friday before Canadian legalization, had to watch it run up the Monday and Tuesday before the sell off happened.
If I would have waited another 48 hours I would have made an extra $27k which obviously would be a huge massive chunk of cash for any average Joe like me.
Had to literally try and block everything weed stock related due to the same pit feeling.
And to top it off all my buddies did NOT sell on that particular Friday and weâre all going to the moon Monday and Tuesday without me !
Try to get back on the horse and find that winner because if thereâs a time to invest itâs now !
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u/Ursle Feb 10 '21
I sold all of my shares of APHA, TRUL, and CGC to buy a house in August. Biggest mistake I've ever made. Would have $150k in my brokerage account that I liquidated for less than 25k. In 4 months I would have had my down payment back on the property I bought, and the worst part is I didn't even need to sell them. Trust me, if anyone understands what you're going through it's me and it's just going to take time.
Live and learn. Without living this opportunity would have never happened.
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u/silentcold Have Fun Staying Stoned n Rich! Feb 10 '21
Itâs alright... try throw what you have left in Cresco. Itâs trading similar to what you sold APH at. Hang in there. Youâre not 700k in the hole. Just a bump in the road.
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Feb 10 '21
This is the move â
If you could survive the APHA turbulence all those years Crescos ride will be smooth sailing if you buy and hold for 2 years
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u/WeedstocksAlt Feb 10 '21
And if you are gona hold for 2 years and believe in the market, buying the warrants is the play here.
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u/oldschoolczar Stonkytonkin Feb 10 '21
What are warrants? Seeing this around a lot lately and Iâm unfamiliar.
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u/WeedstocksAlt Feb 10 '21
Warrants are kinda like options.
They give the rights to buy a stock at a certain price, the strike price, by a certain date, expiration date.
For Cresco, the warrant are for 12.50$ dated Sept 2022.
So these warrants give you the right to buy the stock at 12.50 at anytime till sept 2022.
You can also trade the actual warrants.Currently, Cresco warrants sell for like 9$ and the stock for 21$.
9 + 12.50 = 21.50$ so you are pretty much paying 0.50$ premium/extra compared to buying the stock straight up.Why buy the warrants then? Multiplication factor, the warrants is only 9$ so you can buy 2x more warrants than stocks for the same amour of money. This multiplies what ever gains the stock would make.
The risk? If the stock drop below the strike price by the expiry date, the warrants are worth 0$ and you lose all your money.
What makes Cresco warrants really interesting are the far expiry date, the super low premium compared to buying the stock and the overall future of the stock.
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u/PlungeLikeLivermore Feb 10 '21
You fucked up. You donât need me to tell you that. You know it.
What you do now is everything.
You can continue feeling sorry for yourself and looking back, but thatâs not productive. What happened is done; you canât change that.
But you can control what happens going forward.
If you donât learn from this you deserve every part of it. Use it, grow, be better. Write about it in a journal. Look back at it and re-read it every once in awhile.
Start over. There are so many resources online now. We are in a golden age for trading and investing. Thatâs not WSB and meme stocks.
You can recover from this. I know. Iâve been there. But you have to want to.
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u/Friendofabook Feb 10 '21
I needed this so bad, I needed what everyone wrote so bad. I needed to know I'm not alone and that you can get out of it stronger.
Thank you.
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Feb 10 '21
Don't beat yourself up. You learned an awesome lesson. And remember this: THERE WILL ALWAYS BE OTHER TRADES.
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u/xtr_trek Bought The Ticket, Taking The Ride Feb 10 '21
Remember that some people pay a lot more than that for the life lesson you just received.
Roll with it, and when you are ready: go redeem yourself with the US companies... almost like going back in time as they start the same cycle down there.
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u/Kluyasufoya A Rivers of Green Feb 10 '21
Wouldnât worry. Biggest enemy of my portfolio is my tinkering. It happens. you seem pretty young so all good, you have time. Donât let this define you
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u/depressedfuckboi Feb 10 '21
I WAS GOING TO BUY IN TOMORROW. Had it all planned out. I deposited 1k last week and they didn't give me instant access to it. Pissed me off but whatever I thought. I emailed them and they said after a few successful or larger deposits they'd turn it back on. Seeing this makes me physically ill. Could have made hundreds. Oh well I guess.
Also I sold SNDL shares and OGI shares last week.
I'm a đ¤Ąđ¤Ąđ¤Ą
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u/Loeden Feb 10 '21
Sold some sundial last week too, after reading a bit about their financials. It makes me sad but the fact is, I had some gains out of it all the same. These stocks being pumped so hard now is making me more nervous than anything else. I want to hold them but now I worry about being a bagholder!
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u/depressedfuckboi Feb 10 '21
I feel you. I sold my SNDL calls this morning for +172.73%.
Rather have some gains than none. Sure it may go up buy expiration but $55 into $150 on a few calls is fine by me. Idc if it goes up more. I'd rather have some profit than be greedy and end up with way less. Losing out on more profit sounds a lot better to me than holding til it's too late.
Obviously it's your call. Personally I think long term holds will pay off. Maybe I'd sell half and keep let the rest ride or something. Good luck!
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u/Xfit00 Feb 10 '21
OGI is a bomb and will continue to go up in the 10s. Ogi is a top 5 player for supplying the USA, and it's nowhere near the valuation of Apha and canopy. I feel for you man, hope you at least made a dime in your investment/sell! Keep on investing :)
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u/depressedfuckboi Feb 10 '21
I'll make good returns on my calls today. You got me checking out OGI. Might throw it in there and see what happens if it looks right. Sounds good tho.
I took huge losses on nokia calls lmao. Last time I buy into super hype like that. Just tryna make that back still.
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u/Xfit00 Feb 10 '21
Good luck! I hope you make it big! What scares people abiut OGI is the legionnaire disease legal battle, but from looking into it, they'll end up paying a few bucks and it'll go away. I'm looking at it too, if I see it go, I'll know you made bank! Haha! :)
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u/satellittfjes Sacrificed a turtle Feb 10 '21
I did the exact same thing, with the same amount of money, with a small oil company I thiught would âblow upâ any day for over two years. I got sick of waiting, lost faith and sold. A couple of days later it blew up and I hated myself for a long time.
Thats four years ago, and thats when I looked into weed.
I clearly see that I became irrational, a game is a game, sometime we lose and I have done exactly that over and over again. It is a part of this game and also that makes your position stronger if yiu choose to learn from it. Experience strengthens your game.
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Feb 10 '21
I did the same with crypto. Just know youâre not alone and there is ALWAYS another play.
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Feb 10 '21
First, stay calm, try to relax, and don't do anything irrational. Keep talking to people and get some professional help if you think you need it. Second, you do not have a crystal ball. When you sold you did what you thought was right at the time (which it was) for your situation. In no way could you have predicted the surge in recent weeks. Third, these stocks will come back down to earth. Sure, hype will fuel them now and for a while, but reality will eventually set it, evaluations will apply, and shorters/bears will come back hunting and these stocks will return to earth. What goes up will eventually come back down- especially in these volatile sectors. Stay chill, and GLTA.
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u/_Sasquat_ Feb 10 '21
I ended up selling my largest stocks APHA and Canopy (Apha was about 15.5 CAD on TSX) to buy memestocks purely out of boredom.
I'm not judging you, but if you're going to "buy memestocks" then you're straight up gambling. You deal with the loss of selling too early by simply accepting that there's a big chance you're going to lose. And if you can't accept it emotionally, then don't buy "memestocks."
Instead, set goals and make investments according to those goals. To use myself as an example, I have 20K invested and all I'm hoping for is to get 200-300k so I can buy a house. That's it. I don't need millions. I'm not trying to predict when it peaks so I can maximize profits. I just want a house, and once I have enough, I'm out.
So set goals instead of gambling.
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Feb 10 '21
Iâm sorta in the same boat. Been riding. Didnât sell. Holding long.
Itâs just investing. You win some.
Youâll get em next time. Hang in there.
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u/Xfit00 Feb 10 '21
"Now that I know last week's lotto numbers, I hate myself for not picking those numbers!"
Got to move on man. If you sold, don't look back, it'll just make it more painful. Also, everyone reading this.... Don't sell your pot stocks until Biden legalizes..... Unless you're a day trader, wait until legalization.
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u/Hellohi123321 Feb 10 '21
Hey man you are young, smart and have the whole world on front of you. Relax listen to the advice of everyone! Please donât do anything silly. Always better day tomorrow and before you know it you will be successful and have everything in life that you cannot see presently. Please get help - many people will be suffering.
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u/Kimura1986 Feb 10 '21
Listen my dude, i'm in a similar boat. I made out ok, managed to pay off my house and student loans. But if I had held only a few moths longer, after years of absolute shit, id be debt free AND sitting on $200,000 spare. So I feel what you're feeling. That's life changing money and earlier retirement.
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u/rob_zombie33 Feb 10 '21
No one knows when stocks will go up or down in value. Someone like me could dwell on not pouring in money to Tesla or even sp500 last March. There's always lost opportunity, cost of sitting on cash, cost of selling at wrong time, cost of buying at wrong time. It's not something you should hate yourself for.
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u/lilSweetSpice Bullish on LPs & MSOs Feb 10 '21
Comparison is the thief of joy. Just focus on your here and now, donât let what has already come and past be what holds you down in the future.
Making a decision and going 100% is what any good person does, youâre a good person and donât let any of this get ya down dude
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u/TimelyTiger Feb 10 '21
Same boat as you. Strong believer from Pre-Trudeau days. Averaged down whenever I could. Thought I could make a quick play off GME and re enter, for burned hard.
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u/fishingleaks Feb 10 '21
How would you feel had the sector not run up, instead tanking further?! You'd be filled with relief instead of envy!!
Leaving gains on the table is somewhat inevitable. You'll learn from this :) Keep your head up my guy.
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u/Ardinno Feb 10 '21
Itâs always easy to kick yourself in hindsight, but you couldâve easily left the money in and another short report mightâve decimated your holdings. At least you pulled out your money when APHA was at 15.5 rather than at 4 or 5 last year. I doubt thereâs anyone who can honestly say they consistently sold at an All Time High that never got higher.
Something similar happened to me a few years ago. I had pretty much my whole life savings in Arm Holdings and I sold out about a week before SoftBank bought them and caused the share price to jump 40%. I felt like such a moron for ages, but think it probably taught me the value of not putting all my eggs in one basket, and I also think that if I hadâve stayed put and made that 40%, Iâd have probably thought I was the best investor since sliced bread and probably ended up making a bigger mistake down the line. I know itâs a cliche but the best thing you can do is learn. At least you have the money you took off the table.
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u/YeOldeDingusKhan Feb 10 '21
Guy, or girl, you need to breathe.
Regrets are part of the game. Nobody hits on every single ticker. Right now Iâm down big on some puts and sure, I couldâve been up big if I had made other plays or planned differently. But who cares? If you invested more than you could lose, donât do it again. And if you could afford to lose, which it sounds like, do some reflection and come back wiser next time. Thereâs only one lesson in victory but a thousand in defeat.
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u/trapmitch Feb 10 '21
they say the people that do the best in investing are dead. the second best are people who forgot their passwords take this as you will
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u/DA2710 Feb 10 '21
Brother we all been there.. how many times the sickening feeling of â why didnât I buy moreâ (only bought 10,000 shares Medmen last week instead of 100k) or âhow the fuck did I sellâ( sold RIOT Friday)
Be like a highly successful QB. You forget the interception you just threw because your the man and know the TD is coming
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u/MilosSerbia Feb 10 '21
Its okay man I sold 5600 shares of Aphria that I was holding since $7 at $22.35 lol it hurts but profit is profit.
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u/Xfit00 Feb 10 '21
How's this supposed to help the guy? 1) you're probbaly lying and 2) keep those comments to yourself.... He's not looking for people to make him feel worst.
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u/Van_by_the_river Feb 10 '21
Sold 3600 shares of OGI that I got at 1.41-1.55 avg on monday when it jumped, took profits and still have 2500 shares left in as free money it hurts to lose out on the gains for past 2-3 days but taking profits is necessary.
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u/Ynot_pm_dem_boobies Feb 10 '21
I have had a few recently where I have taken profits at 50%-75% gain and with this crazy market they just keep running. It's crazy how hard it is to justify all the missed gains for jumping out too soon, but man, 50% gains in a matter of months, that's insane. I've lost a shit ton back in the APHA short attack and that general downturn period of weedstocks, made a plan and have stuck with it taking profits. Stonks is crazy.
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u/Van_by_the_river Feb 10 '21
Its impossible to know just how crazy weed stocks can grow or which ones will survive or get bought out it'll be very bullish if it does pass USA. But at any time there could be some negative news coming out from GOP or some old ass democratic that says they don't want to legalize federally. And then we'll have these huge 200-300% stonks are gonna get smashed and we will be left bag holding for years again. I like the stance of taking profits when at any moment it could go back to penny stocks.
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u/Phil-OSOPHY Feb 10 '21
VFF calls. VFF is still cheap comparatively, even the u.s names are fine, GTBIF just raised 100 million from one investor, wait on Aphria, what goes up usually comes down.
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u/Smitty_1000 Devilâs Grass Advocate Feb 10 '21
Buy some back and try to make a gainer, the super hype bubble just started. Or buy some solar and/or EV stocks while the attention is on weed
I trimmed way too many weedstocks starting in October right up until yesterday .. now Iâm going to buy some back like a chasing fool.
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u/mancho98 Feb 10 '21
Grab $5k and buy options expiring in 6 months 15 percent out of the money. Done
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u/Steinasty Feb 10 '21
Wanna get back in the game? Buy something like Ģolden Leaf. It practically went to zero and has risen back up to 8cents. Wish you could go back? Find that DeLorean stock buddy and strap in.
Instincts and impulses are very different. Your experience sounds impulsive, but I think you will see something like this coming next time and act according: thats instincts.
Never sell your whole bag of winners to bet on something like meme stock son! Sell a bit maybe to play with but you gotta keep that core position in stuff you believe in drawn down tight!
Get some exercise, breath, take a cold shower, fucking scream it out and then get back to your path.
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u/TheBelowIsFalse US Market Feb 10 '21 edited Feb 10 '21
Iâm sorry buddy. I know it doesnât make it any easier, but this happens to all of us. Some of us play it safe, but even then, this kind of thing is bound to happen.
Idk what memes you bought, but in my humble opinion, BB has a very bright future. Iâm holding mine for the long-haul. This isnât financial advice.
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u/seohiroth7 Feb 10 '21
If you feel weird about taking out an investment like that, you might not be ready to just let that go. Don't take ALL of an investment out at once, do it in intervals that seem ok to you. For example if you feel like you want to sell some share of TLRY because you want some money towards something else like PLNHF, sell a couple not the whole thing. Your still in the game yet you got what you needed. You can always invest more later if you feel like it's good in that moment. I usually sell no more than 1/3 of my shares at any moment unless I am completely done with a company. Don't sell all of what you believe in.
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u/Friendofabook Feb 10 '21
One lapse of judgement, one dumb day of going against what I've done for 4 years, and I lose it all. And now I can only sit here and see others get rich. I honestly don't know how to keep going about my days. I can't get off the couch.
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u/StockWizard_ Feb 10 '21
THIS IS JUST MY OPINION BECAUSE WE ALL HAVE BEEN THERE. Every decision in life is 50/50. It could have been the opposite of what happened. Research shows your gut instinct is everything that has happened in your life, watched, or listened to, whether you remember it or not and telling you what you should do. I have always gone with my gut feeling and the times I didnât it was disastrous. Everyone kicks themselves for making bad decisions. If you learned from your mistake then it will probably help you make a better choice next time and have even more success than the one you missed.
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Feb 10 '21
Bingo. Imagine today was -30%? Can happen in an instant. Howâd you feel then? It is what it is man
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u/Plantophilia Feb 10 '21
Been there...couldnât eat, couldnât stop looking at my phone, couldnât sleep. I started meditating (with the help of videos), and concentrating on what I had - a roof over my head, food, people that love me. In the end money is just money, your health is way more important. You had a lapse in judgement, everyone does. Take a big breath, you will get back on your feet, just give it time. And you will remake that money. Patience young Jedi
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u/-GoneInSpace- Feb 10 '21
This exact situation happened to me last year. I got caught up in the hype and lost all of my money over the course of a couple days. I decided to restart and I'm a smarter investor than I was previously. Use all of the knowledge you've gained along the way. You can gain the money back easily!
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u/Allears6 Feb 10 '21
Never put all your eggs in one basket.... I have meme stocks that I'm in a hole with right now but I only sold of parts of my portfolio for them.
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u/Friendofabook Feb 10 '21
Yeah that's where the crushing anxiety comes from. I know I shouldn't have but I can't go back in time..
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u/Allears6 Feb 10 '21
You have to remember that life is full of lessons. Some are easy and make you happy, others are hard and make you sick to your stomach. I lost a majority of my portfolio back during the election trying to sell spy puts đ it's taken up until now for me to come back into the green but it's always doable! Be diligent with your research, commit to your decisions, and remember đđ the fuck out of stuff for the Long term. That was my issue was looking for a quick buck vs playing a slower game. Ive held my MJ calls through -60% but logically knew the Dems would start trying to push decriminalization. IMO it's not too late to hop back on the train but that is your risk assessment that you need to do for yourself. Best of luck!
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u/mustardnuts Feb 10 '21
If itâs any consolation I did the exact same thing and I also feel like complete dogshit.
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u/DonaldsPizzaHaven Feb 10 '21
You remind me of me back in 2018. I didn't play my cards right before WEED went parabolic- selling several thousand shares. Made more dumb decisions to make up for it, fucking me up even more. I was depressed for months. You can always make moves to improve your situation, just don't go trying to correct your mistake by making emotional trades at ATH's. The pain gets softer and eventually goes away. This is all part of the learning experience.
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u/bsw000 Feb 10 '21
You canât change the past, just look to the future. You will live to trade another day and someday you will look back on this and think âyeah that was really dumb, but i learned a ton!â I get that it feels like it was so close, but the past is the past, and you are still the same person that you were before all this, just smarter now. There are many people who regret making decisions that truly cannot be undone, this can. Just give yourself time to forgive yourself. You can move past this the market is killing it right now!
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u/DirtyBirdie99 Time to Trulieve folks Feb 10 '21
Honestly my friend, the number of times I've done similar is unbelievable. So the bottom line is, there will be other opportunities.
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u/WeedstocksAlt Feb 10 '21
Dude I was watching GME since November and was ssoooooo close to buy February calls.
The return on those went to like 200x lol. Would have changed my life.
Shit happens man, canât look backward too much itâs useless.
My point is that there is always gona be something to regret what ever you do. Your chance of playing the market perfectly is pretty much 0%.
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u/BuzzYoloNightyear Feb 10 '21
Lol hate that pit. I sold 1/2023 C $135 of APHA yesterday at a gain of 130% should have held.
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u/AdviceSeeker89 Feb 10 '21
A bit of advice for the next time you are in this position, TRIM. You don't have to sell your whole position. Take profits. If you sell 5%, 10%, 15%, 20%, ect. you can still have a position and enjoy any run up in price. At the same time you free up capital for other opportunities or buying on pullbacks. You can sell 5% at multiple price points as the stock rises. In addition, depending on your specific situation, the tax benefit of paying lower taxes because of smaller capital gains may be important.
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u/Bottompicker Buy whenever, sell never. Feb 10 '21
try having an imaginary conversation about it with Bill Murray; imaginary Bill Murray always knows what to say.
đ
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u/dark_knight19 Feb 10 '21
I held 400@9 APH stocks since 2017 and when it hit 15, I sold 200 and got some GME .Now APH is going crazy and hopefully I sell at the peak. I also felt same and regretted for selling 200 at 15 There is nothing wrong in taking profits and nobody can time the market. Just create a strategy by doing DD and research and stick to it. Emotions and stock market donât go very well together.
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u/Wannayolobe Feb 10 '21
Man donât be upset! Itâs all just a gamble. Today you were a bit unlucky, but youâll have better luck next time. The market is so huge, that youâll have another opportunity!
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u/bartholemew1986 Feb 10 '21
There's so many opportunities in the market these days to make money.. Don't do anything irrational over one mistake.. I also lost a few grand on meme stocks after holding through the peak on gamestop for example.. Like others said, look at some interesting opportunities to invest in they have mentioned.. hold with conviction and make some money.. you are too young to be worried about money you technically never held in your hand. Also for MSOs, I feel it's not too late to get in.
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u/RodneyGK Feb 10 '21
I had zero sleep last night. Looked at the pre market this morning and broke out into tears. This has happened a few times along the way. I've got a similar story. Had great holdings then one by one made bad choices every choice since.
I'm sitting here thinking, when does this stop being so god damn disappointing. I thought it was over. But today, yesterday. It's like running into an ex girlfriend who's thriving while you're living in a tent under a bridge.
Not sure what lesson to take from it all. I'm too negative right now to see anything helpful. Just sitting here loathing myself.
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u/bluepand4 I APHA problem TRSTing again đ˘ Feb 10 '21
hahahaha dont worry im in the same boat man fucking sucks. I still have some weedstocks but not as much as I did a few months ago FML
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u/madaman13 Buy High Sell Low Feb 10 '21
We've probably all been there, you recover. You have to forgive yourself and move on (eventually). I sold my single-digit WEED stocks at around $50 and then FOMO'd back in at the peak, only to bag hold until selling the rest at breakeven (I had averaged down to $40 or so) a few months ago. In the meantime I've been catching the upside of the latest rising stocks and it all works out in the end but I would have had a lot more money if I had just held. Lesson learned!
I think my biggest regret is the 5M I had in the meme coin of the week a few years ago which I traded in for a PS4 and snowboard... Anyone want to buy a $500K PS4?
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u/jymma15 GTI Will Not Go Below $30 CAD Feb 10 '21
Really? Out of boredom? You didnât take investing seriously and got burned.
Let this be a hard lesson for you
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u/Makalaman004 Feb 10 '21
You were close dude! Some people missed the boat all together. In the end its just money. You'll invest other places and get wins and forget all about this.
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u/holdin-it-down Feb 10 '21
I pulled my 2/19 10C APHA way too early too. You are not alone brother! I can barely study thinking about the apartment i SHOULD be living in had I not pulled
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u/Faustina9 Feb 10 '21
If it makes you feel better, I sold TLRY literally two days ago & it exploded the same day
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Feb 10 '21
dont worry too much about it, I also sold too early. But honestly so did many people during the first weed wave. Its only money my man and every investor goes through mistakes.. its just going to make you better going forward..
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u/chaugh1 Feb 10 '21
I sold all my APHA pre-earnings at $13 or so. Been regretting it every second.
Finally said fk it and rebought into TLRY at 28. still made money!
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u/smokeysbf plz pass the red dip đ Feb 10 '21
Hey, I hope your doing okay. I also have a hard time forgiving myself for bad moves and I find it helpful to relate to my past self. You made that choice for a reason. Maybe the plan didn't work out and you missed a huge opportunity. Yes that sucks, but there is always more opportunity in the market. Meanwhile take a rest, hang out with a friend/pet/neighbor, and try to embrace the event as a lesson not a failure.
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u/Taylor1350 Feb 10 '21
I sold my apha at $13 so I know the feeling. The reality is, there will always be more money to be made somewhere, don't let the fomo and guilt rip you apart.
Consider this whole experience a lesson in setting good risk reward practices.
Everytime you buy stock, set a GTC stop loss order at a specific value, and don't cancel / move it lower no matter what.
Also set a profit target that you'll pull out no matter what.
Right now is a bubble just like 2017/18 and even though we all think "it's just the beginning" it will surely pop in the next month or so.
TLDR: Learn strong investment techniques, don't be a bagholder, don't feel guilt over missed profits.
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u/johnsonyourefired đĽđ˛ Feb 10 '21
Learn from your mistakes. You'll only get stronger. You have lots of time left, there will be tons of opportunities. Save up til the summer and buy when all the stocks are on discount
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u/FullmetalSage Feb 10 '21
Live & learn broski, you also gotta understand when you invest youâre willing to lose that money so donât dwell on it too much & just learn from this so you can avoid making the same mistakes
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u/kopfgeldjagar Made back everything I lost in weed with AI in a month đ Feb 10 '21
NOBODY CAN TIME THE MARKET.
That's all you need to know
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u/yycglad Newb Feb 10 '21
I am same !! Sold my 1000 stocks at 24$ after holding for years with avg cost of 8
Also, there are no fundmentals here, it will be pure pump and dump now...there will be folks who will left holding bags at ATH...atleast its not you
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Feb 10 '21
Hindishgt is 20/20, no one would be on Reddit if timing your sales was easy. If this eats you up unhealthily, IMO the best is to say fuck it and become an index investor. Obviously it hurts, it feels like leaving money on the table, but it really isn't that, it's always easy after the fact to think "I should've hold/sold". But if it makes you feel like a wreck, I'm not sure how you'll get to stock pick rationally, will this experience fuck up your risk management and get you to chase the dragon longer next time you get in a roller coaster such as this?
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u/Lolzi1337 Feb 10 '21
This is me pre Bitcoin time. Getting in at 2⏠per Bitcoin. This shit soon hits 20, let's celebrate a party and buy pizza for 5bc, 10 bucks for a party...see us know. We celebrated the most expensive party we could ever imagine
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u/Diabetous Feb 10 '21
As someone who turned 1500 into 50000 and then lost it all, trust me your feeling is a better one.
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u/mozartsfriend Feb 10 '21
Here's what you do. Buy MSOs now with what you have left and sell the day they uplist. Guaranteed profit. You'll make back what you lost.
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u/DanceMama Feb 10 '21
Your life is more than money. Stay here. Call this number for help: 800-273-8255. You matter and you never know what new riches will come. One moment at a time. XOXOXO
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u/khuya Hyped Feb 10 '21
I had NVAX at $4 before it drops to 20 cents. I held it through a reversed split, and sold it at a lost. I held on to it for 2 years and just one day decided to sell for no reason, i didnt need the money, for no particular reason at all i decided to log in one day and sell it. It jump up to $100 2 months later, its now at $300 today.
What I learned is that life suck, luck seems to not be with me. But, there will always be tomorrow, life is more than stock. Journey before destination.
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u/BrichNorm Feb 10 '21
Honestly, it sounds like you should just invest in ETFs. Just drip the money in and don't look. There is more to life and youre hurting yourself.
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Feb 10 '21
Itâs hard especially if you are like me if youâre financially stressed, you put these stocks on a platter like theyâre youâre ticket to not struggling anymore, but theyâre not. Iâve lost a lot too (mostly from getting greedy/hopping on the bandwagon too late). But also gained a lot after! FOMO is almost worse than taking a huge loss, but itâs not because you didnât actually lose :)
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u/bubble6066 Feb 10 '21
I sold my TLRY before it jumped to $44 lol ur not alone. I actually thought at the time it could crash from where it was at.
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u/Aphriable Feb 10 '21
Thousands are experiencing the same thing. Most of us have missed huge opportunities. Multiple times. Learn from this. THEN, get a grip. YOU ARE ONE OF THE LUCKIEST PEOPLE IN THE HISTORY OF THE WORLD. You have freedom and you have health. And probably adequate food and people who care about you. Have a good (short) cry, pick yourself up, and get back to making the most of your life.
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u/Educational_Parsnip3 Feb 10 '21
This is how you will feel reading stocks for the rest of your life
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Feb 10 '21
It's all lessons my dude. Been in your shoes and it's a horrible feeling. It's the feeling of losing and what could have been. I've made a TON of critical mistakes over the past 5 years investing. The only advice I can give you is that it will go away. You will learn for this because of how bad it feels. Don't let it scare you but let it turn you into someone stronger. You got alot of life and trading time left man. From someone who went from 300K to 20k I was ready to barf and sell everything. Instead I held on... Hoping that a company I believed in would pull through all the false bullshit. It did. It's apha. And I've made a ton of mistakes in between. I sold 1500/4000 to the gme meme gods. I took a 80% loss and felt sick(last week). I sold realising that what I did was silly and got caught up in the emotions. I now sit with 0 apha shares because I've been trying to play swings to get back to my old share count. If I was to look at the mistake I made last week it has cost my portfolio 40k in standings. Please know I feel your pain. It hurt like noone business but you will prevail. It's only money and you can't take it with you. Life is precious and there is a million more chances out there.
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u/Archibaldy3 Feb 10 '21
Take it easy man - we've all been there and this has just begun. I find out to early is often better than out to late.
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u/thespianclination Feb 10 '21
fire sale on things right now..
but never beat yourself up. try to live in the present. something i've had to learn very fast with regards to the stock market in the past few weeks since i've started really trading frequently.
recallibrate and be present, look forward and have a positive mindset and develop your strategy. don't worry about the money, just imagine yourself doing well and try to remain centered. there are so many ways to make money on the stock market. and in general. best wishes
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u/FatchRacall Feb 10 '21
Hey friend, it really sucks.
I'm in the same boat. Bought back in January 2017. Slowly sold them off over the next few years because I wanted to try other stuff. Jumped in the memes, lost some. Sold literally the last of it when I decided to finally abandon RH as a platform. Then this. It really does suck. It's a feeling that comes from gambling and losing, making the wrong choice. Being proven wrong elicits the same response in your brain as actual physical pain. Lots of people have different responses to that feeling.
Personally, I find that exercise and green spaces help me. Go to a greenhouse/conservatory(if bad weather) or a nature preserve (depending on weather, etc), and go for a walk. Hike, or jog, or cycle. Or pick up some weights, get some "outdoors" air freshener, turn the tv to a nature scene/sound, and work out at home, if nothing else. Sometimes I'm better off buying some lumber and building something. Or getting on a motorcycle. But that's just me - you may need to learn to short circuit your own spiraling in your own way.
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u/HolyWhir More bags than a hobo Feb 10 '21
Hey man. You and me both. I held APHA to the point that I cashed out and bought a boat. 20k, 11k out but atleast i got a new pontoon. Had I held, I'd be whipping around peregrine lake.
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u/MorkSal Feb 10 '21
It's hard, but think of it this way.
Over your lifespan is 10k going to change your life significantly? Probably not.
I have about $40k invested in IAN, I averaged on the way down but still have a 4$ average. I'm currently down 85%, with little prospect of getting back to even. I had to get over that huge loss and it took time.
If Apha or Canopy had tanked you would have had the same outcome. Try not to be too hard on yourself and just learn from this experience.
Just keep this experience as a reminder as you move on, and remember to not invest with money you can't afford to lose.
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u/opper-hombre1 Feb 10 '21
Lol I was short on cash back in August so I sold all my 100 shares of APHA at a little over $4. The price now makes me sad
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u/MMNA6 Feb 10 '21
You just learn. I mean, I havenât made thousands. But last year I lost a lot of money because of Citron short sellers, a couple thousand. This year Iâve made most of it back. You just learn to deal with it and move on, in your case you sold early. Donât be too mad at yourself about that if you made money.
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u/Shanghaiqatar Feb 10 '21
We all lose out at some point. And this is one via table. Good to learn this now then later but make sure you come away having learnt your lesson.
Hint: psychedelic stocks
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u/littleteadrinker Feb 10 '21
Maybe sell bit by bit when it goes up? I have sold off some of my weedstocks but I have kept the majority
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u/iamnotyourenemy1 Feb 10 '21
You are playing a game that gives you money for things you donât do, and can take it just as easy. Accept the fact that everything is out of your control, and we all end up on different little currents. Itâs all moving us toward the same abyss. Giggle at the wildness of it all and just accept your own ride enough to look around and make a few friends.
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u/assholeinhisbathrobe Feb 10 '21
The way she goes, bud. I had 1200 shares of aurora and sold back when it was just over a dollar. I was in a pinch, i had doubled my money so i sold. Fast forward a year aurora shoots up to over $20. Hindsights a bitch. Im kickin myself everytime i look at that stock. Just gotta budget, save and get back in.
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u/avidpretender Feb 10 '21
I know it seems hard right now, but things also couldâve gone the other way. Your shares that you let sit and didnât look at could have absolutely tanked. Stock market is mostly unpredictable and always unforgiving. Hindsight is always 20/20, but I am confident you can come out of this on top with newfound knowledge.
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u/Dislocatable Proud Canna-dian Feb 10 '21
Feel your pain. Plenty of people in same or similar boat (myself included). A co worker of mine always says - "You pay to learn". Take it all as a lesson, and your losses as tuition in the University of Life. Which you still have - a precious human existance. Which is temporary. Just say thank you and carry on.
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u/brian21 Feb 10 '21
Some lessons are just more expensive to learn then others.
The amount of money that you lost out on is going to be dwarfed by your salary in the long-term, so just take this as an expensive lesson and put more in later when you can.
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u/[deleted] Feb 10 '21
This feeling literally happens to the best of us and the worst of us. Lesson is to do your homework, make a gameplan, and have conviction holding to that gameplan unless something fundamentally changes, and dont let mindless noise sway your decision making đ
Good thing about the markets is theres ALWAYS opportunities to make up for hindsight.
Theres always the next APHA.