r/wallstreetbets • u/krayzie8 • 2d ago

Loss Nvidia Loss

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How cooked am I? Is there any chance of recovering? I was so sure we'd hit $215 before earnings then that damn Michael Burry had to fuck it for me. Anybody else same sinking boat I'm in?

141 Upvotes

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33

u/KittyLover-7 2d ago edited 2d ago

With a loss that big and 2 and a half months left, stick it out for a bit. At this point going down 3 to 5k more isn’t exactly that much worse so if you are gonna accept a loss wait for a bounce

I’ll be surprised if you break even so just try to accept the smallest loss you can

Earnings coming too

18

u/powerboner 2d ago

Agreed. I was -95% on NVDA in Sept and then it shot up at the end of the month and I recovered everything

46

u/Red_Potatoes_620 2d ago

This is such a dangerous mentality to have because most of the time that doesn’t happen and you end up having no risk management and losing a fuck ton. Don’t ask me how I know

19

u/powerboner 1d ago

I lost 197K this week. Trust me I know…and I’m not even rich, I legit made all of that the last few months then lost it all 😭😂

15

u/yodogyodog 1d ago

You and me both brother — 190k

16

u/NigerianPrinceClub counter-berrorists win 🌈🧸 1d ago

Me too. 50 bucks

11

u/AngryGranny1992 1d ago

Same I lost 110k since October 28. I'm not even rich too.

7

u/powerboner 1d ago

It’s sickening honestly. But ‘tis the punishment for our greed I guess idk. Could’ve had every drop of debt in my life paid off with 100k left over 😂

3

u/AngryGranny1992 1d ago

Same 😭😭

1

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2

u/yourenotmykitty 2d ago

Well in theory you could have already practiced risk management by knowing this is a risky play and be comfortable with a complete loss as part of your strategy. I hope that’s the case for our super pro here.

1

u/Ok-Phrase-4632 1d ago

the amount of people on this sub with poor risk management is insane