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/biz/ - Business & Finance

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16581621 No.16581621 [Reply] [Original]

Thanks to my stubbornness and my refusal to apply risk management or selling at a loss, I once again find myself trapped in a long. My financial situation has been devastated.

What should I do now? I still think it will pump eventually, but my liquidation is at 5.7k. Should I just wait it out or cut my losses?

>> No.16581638

>>16581621
>What should I do now?
git gud
learn from your mistakes

>> No.16581662

>>16581621
First of all stop investing in your monopoly money nonsense bubble.

Only three things matter when it comes to investing:
1) A reliable and trustworthy investment with consistent returns and reasonable fees (e.g. Vanguard index funds)
2) The amount of money put in.
3) The time it is left in.

Now just stop wasting your money on stupid bullshit, stop trying to time the market, stop trying to get your miracle moon on shitcoin, and just live frugally and invest 30-40% of your pre-tax income into Vanguard mid-cap index funds and you can retire by your mid 30s.

>> No.16581681

>>16581662
Ok but where does my new Lambo fit into this plan?

>> No.16581685

>>16581662
This but avoid index investing. Bubble. Hand pick 50 small companies and forget them.

>> No.16581706

>>16581662
Agreed 100% except im in large growth instead.