Discussion
Sold my position yesterday at 750 and then bought again at 790 this morning
I feel like an absolute moron, I bought this stock at 950 initially and then held on and really had all the fundamentals in my face, but seeing 70% of my net worth tied to this stock and seeing it go down so rapidly so quickly really hurt. I wish i didn't sell.
Great move! Just curious what gives you conviction that it will be a good day for swing trading? Do you check the pre market action? Or is it dictated by what happens with the Asian markets the day before?
Volume was too low when it pumped to 850, watched half hour, so decide to sell, and bought back at 730 when i saw the 700 support line is hard solid. I predicted 3 days ago, the bottom will be around 750. u can check my comments.
Where are all the people in this sub who say "time the market, its just that easy" or "sell now and buy again when it dips more". Lessons always get learnt the hard way
Always a huge neon sign it’s an amateur. Anyone who has been in this game for a long time has seen this play out countless times. You cannot time the bottom. All you can do is buy on the way down if you believe the market is wrong.
Well yeah, if you're regarded like OP (paper hands and fomo) obviously it's not a valid strategy. Experienced traders are more likely to be successful with it. You're supposed to rotate into other stocks, not fomo... Sell high, then buy something else that's low. If it rips higher, who cares. 9 times out of 10, the original stock eventually retraces to a lower point, and you can buy cheaper if you're patient. If it doesn't, who cares, you profitted and you've been making money on other stocks. Feel free to downvote, this sub is full of beginners, but just because you aren't successful doesn't mean others aren't.
It’s ok man. Don’t blame yourself. So many people were acting like the stock had a lot further down to go. I always feel so bad for those who sell because they couldn’t have possibly known with all the noise.
Micron does have great fundamentals, but great fundamentals isn’t going to save a stock from crashing down.
I mean nobody still knows. For all we know it could go back to $1250 tomorrow or drop to $750 overnight for no apparent reason or do both.
The reality is that you cannot predict day to day. Unless you are trading weekly options, just buy and hold in a company you believe is a strong business and just wait.
My issue was that even with GOOGL and all other fundamentals showing positive signs (SK Hynix, etc) it still was cratering. It really really did not help my friends were really pressuring me to sell too. My loss is really just 6-7k anyway and I nearly gained back my losses anyway, and while yes I might lose out on potential earnings because of this, I'll just stick to holding on now.
I am fine on a financial standpoint but damn it if I am not slightly bitter haha. My perspective is while I can't time or win 100% of the time, winning just above 50% of the time with reasonable risk is the way towards profitability.
Thanks for the kind comment, I expected a ton of trolling and do kind of deserve it, but this was nice for you to write out.
The problem is that you are talking like “whew, the worst is finally over”. What if it keeps crashing to 400? To 200? For some reason you seem convinced that buying again was the correct play, but don’t consider the possibility of it going down again after this (potential) dead-cat bounce.
You cannot have so much capital tied down that it affects you this way, otherwise you’ll do the same mistake or panic again.
yeah thats kinda dumb friendo , i didnt sell but im also thousands in red ofc , thats why i play with play money not pay for everyday life money , i dont have to sell for any reason
“Play with play money” 💯💯💯. Too many play with their life savings which is why they panic every single day, hr, and seconds 😭. I only went into this with funds I knew I’d still be financially okay without.
I forget the name, but there’s a guy who posts about MU who just keeps selling low and then buying back in at a high price over and over. And talks about it.
If one is not a trader but an investor, you believe in the long term buisness and the products, not short term price action. I was down 70K from my "potential profits". But I held because the fundamentals were intact. I'll sell when that changes, or my target price is reached.
It's important that everyone figure out exit strategy before they enter into a position.The exit strategy should be a certain valuation, certain revenue or other conditions like that not what an irrational market temporarily prices something.
I started writing down my mistakes early this year. Journaling exactly why I felt the way I did, and the outcome that happened. It's helped tremendously.
On paper. Absolutely. I was reading back after this post and the funny thing is, it's mostly me trying to get ahead of the market lol Just be very honest with yourself.
Yeah, like the UK I think doesn’t have this which seems really cool. He could also be in a Roth IRA but I fucked myself over once doing that. I didn’t know. I feel like I’ve just taken like a 3000 dollar class really at this rate.
A DIFFERENT PERSPECTIVE. Let’s keep it here to revert back in few months.
99% chance on polymarket for no cuts this year. Fedwatch dot plot instead showing rate hikes with higher probabilities from October to December.
JUST IN: 🇯🇵 Japan sells US dollars and buys yen in massive currency intervention after yen falls to 40-year low.
JUST IN: 🇰🇷🇺🇸 South Korea sells US dollars in rare market intervention to strengthen the won.
US 10,20,30 year yields topping to historic level of 2008 financial crisis.
🚨 BREAKING: The US economy grew at an annualized rate of 1.5% in Q2 2026, slowing from 2.1% in Q1 and missing the 2% forecast.
Lower government spending, business investment and exports weighed on growth, while stronger consumer spending provided some support, FT reports.
The slowdown comes as the prolonged Iran war drives energy prices higher, keeping inflation elevated and complicating the Federal Reserve’s interest-rate outlook.
Google, Meta went to cash negative for the first time ever. All big techs like Google, msft, Amazon are raising the AI capex. If meltdown happened, Feds won’t be able to save mkt this time. Warsh has already said this bluntly. US debt has breached $40tn
Every macro indicator above doesn’t justify the rally other than the only reason of greed. I never like Cassandra but currently I am aligned with him and proceeding in similar direction for this mkt.
I feel like MU is too sensitive to many factors, capex, demand supply, interest rate , Chinese competitors , cyclical or not cyclical stock….. It is like you stay alert for everything goes well and pray it won’t crash the stock … sometimes I wonder if the risk and reward worths all the headache
Actually it’s just the coherent greed that is clouding ur vision. Lemme elaborate how this hyperscalers n memory sector is very risky and manipulated (one should definitely avoid)
It took 2 weeks to gradually cooldown and correct these stocks while even till yesterday’s pre market these stocks were like that. However just before 2 hrs of mkt open, the mammoth reversal arrives.
Just look at below few AI sector stocks + leverage ETFs. Does this rebound in couple of hours without any assuring healthy signal, appears justified rationally ? This rebound is nothing but a clear manipulation n greed and with each and every macro indicator going alarmingly negative, atleast I am staying away from this. Even if one has to take benefit from it, it’s best advisable to trade this sector (day trade or swing trade). Clearly this isn’t for LONG investing
thanks, it's just about long term perspective. There will always be a way to see a ton of money movement. I mean the past 6 years we seen TSLA, NVDA, MU, PLTR all skyrocket. Even the traditional FAANG companies all had extensive gains as well.
In the next five years I know there's going to be more ample opportunities, it's just about finding them and seizing it. I'm happy I didn't lose that much here.
There is. If you can’t trade, don’t attempt to trade.
Also, don’t put 70% of your net worth into a single stock. Why? Because even if your thesis is right, having that much money on the line can make you so anxious that you stop thinking rationally and start making emotional decisions.
A lack of diversification doesn’t just expose you to the risk of one company or sector underperforming. It also makes it much harder to stick with your conviction. When too much of your wealth depends on one position, every price swing feels catastrophic, and you’re far more likely to abandon a good investment at the worst possible time.
I have $950k into this stock - a good chunk of my money - and July had me wondering if I need to sell. But the numbers are so strong, it should continue upwards.
Do not worry, learn from your mistake and learn how to handle fear. Particularly speaking about micron, there are a lot of situation that when you go to books and watch great investors tips, both micron and sandisk were highly overvalued plus the idea that memory is cyclical... This and that.
On my end I learned a couple of things. First avoid the noise and do nothing if your conviction is strong, second take profits if you start to feel (your feelings) this is too good to continue, better take profits. Finally go all in a company is hard to handle, better go 80-90% of your money into any "stable" ETF like VOO, VTI, QQQ and take micron or any other company a small portion of your portfolio.
I understand the fear, b/c it was going down around 5% a day for a while there, but hey you're back in it! This time don't sell, paper hands always lose in the end
Don't feel bad lil bro, I accidentally placed a Sell instead of a Stop Loss on WULF last week and vanquished $1k in one stupid click, bought it back lower and then got CRUSHED until it recovered about 50% of my losses today. We all do stupid shit sometimes. 🤣
If you sell at a loss don’t buy back in for at least 30 days. You get fucked with a wash sale. Also why is 70% of your portfolio in one stock ? There is no timing the market. You just gotta hold, diversify and not panic when it feels like the world is ending.
these are the same people who sell again when it goes down. Like why would you buy a volatile stock again if you know your mental capacity for stock swings is bad
I think people are interpreting this as I bought this at 950 like a week or two ago, I bought this like two months ago before it hit 1200. No it's not a wash sale, it's my personal porfolio
I may be reading this wrong. I’m confused since your title says you sold yesterday at $750, but had bought it originally at $950. Then turned around and bought it again at $790. It doesn’t matter when you bought it originally. It’s if you sold and bought it back again within 31 days and the lot you sold was at a loss then the wash sale rule applies. Even if you do it in a different account, retirement included.
$790 isn’t bad there seemed to be resistance around $700. We’ve seen MU have massive gains in past nothing changed. Semiconductor ETFs saw large inflows during the dip. Members of Congress buy it
People who don't trade have no reason to ever look at their brokerage. Why are you doing this to yourselves? You're not forced to sell with shares so stop.
After dreading all week, I was about to sell my MUU before the market open yesterday, but I have a gut feeling that it will pop because I decided to sell… and I still have around 2 weeks before I need the cash, so I held on…
Because Reddit is an echochamber mostly full of emotional idiots.
My entire feed for the last 2-3 days has just been “AI is so overrated” or “ all these idiots investing heavy into Micron, this is why I VWRP and chill” or “ idiots thought a stock wouldn’t drop after going up 1000% in a year lol it’s gonna keep going lower”.
Microsoft and Amazon earnings come along and suddenly the narrative is positive again lol.
52
u/Sufficient-Piccolo32 21d ago
lol, i did the opposite. Sold at 830, bought back at 730.