ZZ Pop

Don't really care about the game, but Go Auburn because F Florida

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You’re a fool if you think NVDIA stays down long.

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I was just using NVDA as an example.
The same way I was using CSCO as the poster child of the idiocy of letting your purchase price determine if you sell or hold.
Like I said there are people that bought CSCO in 2000 at its ATH of 85 that are still holding and waiting for CSCO to get back to 85 because "You ain't lost until you've sold".
Look at all of the money that they could have made by taking their lumps on CSCO in 2000 and redeploying that money.

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No one in their right minds gives a frick about day traders

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Dang, what did Day Traders ever do to you ?

This is one of the reasons that you need to be measured if you are buying.
You may end up getting some ridiculously cheap entry points due to margin calls.
I set what seemed to be ridiculously optimistic BUY orders during Covid that ended up executing due to the heavy volatility.
Then a week later they were up 50 to 100 percent.

FT

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I didn’t miss the point. Where are we going? For your statement to have merit, you have to think the entire market is going down and not returning.

Otherwise, all you’re saying is that some stocks will go up and some will go down. That doesn’t change the fact that selling during a dip is generally a bad idea. If you view an individual stock as never going to rebound, sure go for it. That’s not what’s being discussed here though.

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I'm going to try to get through to you 1 last time.
All I am saying is that where we were 2 days ago has absolutely nothing to do with where we are headed (up or down).
You constantly need to analyze the current situation and determine where you think we are going from here.
Warren Buffett has been selling stocks at an unprecedented rate and is sitting 50% cash because he thought the market was heading south, and shocker he was right as usual.
Fund managers that have been dumping stocks the last 2 days have been doing so because they think stocks are heading lower, even if they eventually head higher.

Holding a stock because of where you bought it makes no sense whatsoever.
The fact that you bought NVDA at 140 has no more relevance about where it is heading than had you bought it at 20.
Just like with people that bought CSCO in 2000 at 85 and are still holding it because "Muh, you haven't lost until you've sold".
How's that working out ?

That's what people said about NVDA when it dropped to 130, then 120, then 110, then 100 :lol:
If you sold at 130 you could buy it back now at 93.

"You haven't lost until you've sold" is just a silly illogical cope.
It doesn't matter where we've been, it matters where we're going.

Unless you sold them on Wednesday :lol:
If you sold Wednesday you're looking like a genius