/biz/ - Business & Finance

[Anonymous No.20314832]

Be me
>invest 1k in oil CFD
> all my savings as I’m a poor mofo
> old price starts to go up
> good gains
> reach 10k profit
> reinvest profit yolo
> price keeps going up
> reinvest more profits
> eventually have 50k units in a open buy position
> profits reach 300k
> get greedy
> tell myself I’ll reach half a million
> price starts to drop
> tell myself not to panic
> it’s just a small correction right
> keeps dropping
> it’ll go back up
> gets margin called with $200 left
> all this in the space of 48 hours.

Thinking about killing myself

[Anonymous No.20315022]

>>20314832
You almost made it. Now is not the time to quit. What you should have done was roll the profits in the actual stocks that pay a quarterly dividend. Lesson learned. Try again and dont fuck it up.

[Anonymous No.20315083]

Damn bro, sounds terrible.

I remember one of my shitcoins reaching 300k at the height of 2017/2018 and I didnt sell. Only 2k left there.

No real advice for you but stay strong and try again. You did it once you can do it again

[Anonymous No.20315089]

>>20314832

[Anonymous No.20315108]

>>20314832
Mooning is a meme, always sell when a moon starts to slow down. Moonshots always overshot, corrections kill.

[Anonymous No.20315112]

>>20315022
Real stocks what is this 2008

[Anonymous No.20315192]

>>20315108
It wasn’t even mooning tho. This was a couple months ago when oil was $10 a barrel lmao it’s now $40 if I had maybe halved my equity I’d invested when I reached 300k profit I’d be a millionaire right now lol

[Anonymous No.20316021]

>>20314832
>Started with $1000 and within 2 days, made $300,000
>Didn’t sell and watched it hit $0

Look man, I know it’s fucking great seeing your bank account get fat as fuck, but you need to take profits. Look at it this way, you never made $300k. You went from $1k straight to zero. Don’t be afraid to atleast take out your initial.

[Anonymous No.20316107]

>>20316021
this, shouldve done that somewhere at 5x imho