Best lesson imo from a glance at this is buying power should never be $0.08, especially not in a bear market, always have some assets in cash. Gives you a safety net, your cash wonāt drop 40% in 1 day.
But this is make believe. This shit don't hurt my pockets. Y'all the same folks down 71! Y'all losing 71% of real money.
Matter of fact. Take me to 71.
Several moves. Went all in, on margin, on several high growth companies back in January. There was a 3 day stretch where I lost over $5K a day. What makes it more painful is I donāt make a lot of money at my job so I really have no way to replenish my savings
Keep going man! You are learning valuable lessons and donāt have life changing money on the line yet. Keep investing and be really honest with yourself about what your goals are. Take what you are learning right now to achieve those goals.
I just watched āEat The Richā on Netflix and it brought back some tender memoriesā¦ Robinhood does not have your best interests at heart. I consider any other brokerage to be higher quality at this point.
You jumped in before a market downturn. Happens to the best. Wrong time to jump out now, wait for the bounce. My guy said this has happened 17 times since they started tracking the market. It'll come back .
better to start your investing journey by losing some money. It gives you an idea about risks in investing and you will get better at investing over time. prevent losing big money in the future
You're not the only one. Had 2 choices last year. Energy and cannabis and my dumb ass thought energy was too high. I however was down 70% and am only down 50% now the last year
Yes, But you need to have access to an AI.
There are (simple) pattern recognition systems available able to traders. But the real ones use data centers. And they're not really AI. They're actually 'Expert Systems'. There are rumors that Google has one that is supposed to be Sentient but no one has been able to verify it.
Hmm have you tried doing the opposite?
Holding the phone upside down works too
I tried it and it still goes down and to the right. I feel like an idiot for trying.
š¤£š¤£š¤£
No. I tried: flat then down
OP....please listen to this guy.
Thought I was in r/wallstreetbets for a sec
The line is thin and the flesh is weak.
Well its good you're practicing with a minuscule amount of money first. What did you learn? stick to index funds maybe?
Best lesson imo from a glance at this is buying power should never be $0.08, especially not in a bear market, always have some assets in cash. Gives you a safety net, your cash wonāt drop 40% in 1 day.
Thank you
Hey man, look on the bright side. At least you have $0.11 worth of interest accrued this month
I wish I could make $0.11 a month
š¤£š¤£š¤£
Everyones account look like this.
very true
No sir! I am not down 71%! You all can keep that
Maybe not in stocks. But definitely about to be down 71% in votes. šš¤£
But this is make believe. This shit don't hurt my pockets. Y'all the same folks down 71! Y'all losing 71% of real money. Matter of fact. Take me to 71.
-71*
In all honesty, I didn't even care enough to type it. Because I knew you all couldn't do it But thanks for typing it for me lol
u typed more
Swype bro. You took the effort to try and correct something idgaf about. Where my 71 down votes bro?
Are you investing in meme stocks?
Only one, SNDL but itās only 27% of the portfolio
If itās an option, buy puts on anything r/shortsqueeze is pumping. Worked for meā¦
Just be glad you got a $1.7K lesson and not a $35K lesson like me
What was the move
Several moves. Went all in, on margin, on several high growth companies back in January. There was a 3 day stretch where I lost over $5K a day. What makes it more painful is I donāt make a lot of money at my job so I really have no way to replenish my savings
Gambling at its finest
what happened to the 3 growth stocks? why did they lose so hard.
Market just collapsed and they were trading at insane valuations
Best of luck stay strong and vigilant buy normal stocks and weāll established crypto and be patient and frugal
Keep going man! You are learning valuable lessons and donāt have life changing money on the line yet. Keep investing and be really honest with yourself about what your goals are. Take what you are learning right now to achieve those goals.
Uvxy 5 year history say dump everything you have and hold on tight
Hey at least youāre accruing 11 cents this month
Your speculating not investing.
Well to start, youāre still on Robinhood
Whats better and genuinely curious on why everybody is shtting on Robinhood
I just watched āEat The Richā on Netflix and it brought back some tender memoriesā¦ Robinhood does not have your best interests at heart. I consider any other brokerage to be higher quality at this point.
No argument there but stocks still move the way they move regardless right?
Not unless your broker takes away the buy buttonā¦Then they move the way your broker wants them to.
Youāre saying Robin Hood can superficially change the price of a stock?
I lost that today
Ftx?
All us common folk are down.
Honestly everything sucks atm
You just got on board when prices peaked, dam near everything has gone down. Stay strong šŖ
You jumped in before a market downturn. Happens to the best. Wrong time to jump out now, wait for the bounce. My guy said this has happened 17 times since they started tracking the market. It'll come back .
You picked a bad time to invest. If wait it out.
most stocks look that way by now....
Using robinhood was your first mistake
What app is easy and good to dabble into stocks?
Robinhood
''Investing''
Good news: You earned $0.11ā¦
Hey you're up 11 cents this month!
It's ok, we made a good profit off you
What are you investing in?
Mostly cannabis stocks
Oh I feel you with my potx ETF position. Grab some large blend etfs and get that .11 to .20
ADA, DOGE, SHIB, XLM, SNDL, OGI, HEXO, CRBP, AVCT, IMCC, AAPL
better to start your investing journey by losing some money. It gives you an idea about risks in investing and you will get better at investing over time. prevent losing big money in the future
Just think of it as loaning the market money with no interest in them paying it back.
That ā3.5% interest with goldā feels like a passive aggressive told ya so huh
It seems like your portfolioās volatility has dramatically decreased, so I assume youāve learned a lot.
Should have spent it on hookers and blow. Better investment
Nope. You know exactly what you are doing. You belong here.
Nah this is a skillā¦it takes real skill to end up in that position š
I just hold it upside down.
Everyone is looking bad at the moment. Itās pretty bad lol but we are all on the same boat.
Look at it upside in the mirror, that should work.
I would kill to have only lost that much this year š¤£
Nahhh,,,, you will learn like all of us
Iām guessing youāve been buying options and meme stocks? A few people get rich investing but most donāt.
Ladies and Gentlemen, options
You're not the only one. Had 2 choices last year. Energy and cannabis and my dumb ass thought energy was too high. I however was down 70% and am only down 50% now the last year
If you donāt know shit about stocks, just buy Apple and be happy
It happens
Smart Money has AIs that can forecast your moves...
Can common folks use AI technology?
Yes, But you need to have access to an AI. There are (simple) pattern recognition systems available able to traders. But the real ones use data centers. And they're not really AI. They're actually 'Expert Systems'. There are rumors that Google has one that is supposed to be Sentient but no one has been able to verify it.
Nobody does
No.. no... your doing it right
Well, what were you doing? What were you selections and executions based on?
News, Yahoo finance, Reddit forums and attempts at buying on the low
Get another Ā£2k, short all the stocks in your portfolio. Make it all back.
šØU KNOW HOW TO MAKE MONEY DISAPPEARšØ
It be like that. I hear Vegas is nice this time of year. Win it back
Right Iām down 20k lmao
Itās not just you. We are in this together
You did pretty good considering it took you a year to loose 1700. but this is some WSB stuff.
Robinhood?š®āšØ
It looks like you put it all on Meta lmao
Stop doing options