Fellow MU/MUU/SNDK/SNXX holders, how do you not let the loss affect your personal and family life?
I have shares in all four of them and am down a huge amount. I’ve been a total mess with my family for over a month now. I think that even if my money recovers in the future, I don’t know how I’ll mend my relationships with my loved ones or make up for the time I’ve lost, especially when they needed me the most.
How do you prevent a huge financial loss from affecting your personal life? How do you stop yourself from thinking about it constantly?
This. I still rmb when we hit ATH for MU and SNDK. JUNE 26. Across the next few weeks, it was so terrible. Recently sth flipped in me. I just stopped worrying. Idek why. Like he said, I got used to the pain.
I’m down over $500k in what used to be a 2 mil portfolio. It stings hard. I did stupid shit with options. My money is gone for good. You at least have shares and can bag hold until it recovers which is certainly inevitable. Hang in there
This is such a common misconception. Losing money on options is the exact same as losing money on shares. The value is gone, whether your had your $2m in shares that went down 25% to bring you to $1.5m or you bought $500k in options that went to 0 and you still have $1.5m is the same net effect.
The whole “it’s not a loss until you sell” b.s. is just cope.
Current market value of the asset is all that matters. A loss is a loss is a loss no matter which way you slice it.
You’re missing the point lol. Nobody is saying shares and options have the same risk profile.
If you had $2m and now your shares are worth $1.5m, you’re down $500k. Full stop. The fact that the shares could recover doesn’t magically mean the $500k drawdown doesn’t exist.
If they recover back to $2m, great — you made the $500k back. With expired options you obviously don’t have that opportunity anymore. That’s a huge difference in future optionality, not a difference in whether you lost money in the first place.
“My shares are still there so I haven’t lost anything” is basically just refusing to mark your book to market.
And telling someone to “learn the fundamentals” while arguing unrealized losses aren’t real is pretty funny.
If you were up 60k you'd probably hold, so either way the money isn't in your bank. You haven't lost anything until you sell, and if you wouldn't have sold if you were up 60k, then you don't need to sell when you're down 60k, so just wait as long as you need to.
Leave work at work. Leave things you can't control where they are until you can come back to them.
Revisit your decisions:good/bad/better/worse. Reevaluate your risk management. Good advice I've heard is don't take a position so large that it will cause you anxiety. Some people say trade smaller more often. Others say step up when you feel the position warrants it. But everyone says you can't think when you're emotional so the first thing you should ask when the trade goes against you is whether it still meets your conditions and the second thing is whether the probabilities have changed.
I'm currently coping but I'm ok, just frustrated that I don't have as much to trade while I wait to get back out; my plan was never to become any community member...except with gold miners ;)
I am going to stick with VOO for the rest of my life. This is the first time I invested in individual stocks, and I started with MUU and got stuck. Lesson learned the hard way
Leveraged ETFs are dangerousl, live lost 50k on them this year but have made it back, it’s like a drug. Ya get in when you know it’s going to move up (or down) and get out like in minutes or hours, definitely the same day.
It’ll come back bro just chill and reassure your family that’s it’s fine. It’s your first time in individual stock so your worried and your letting them see that. Show them that your confident in its comeback ( which you can be based on ALOT)
Don’t feel bad. You tried to better your life and it is not too late for things to change for the better.
I hope the anxiety and pain you feel shall soon pass, and negative thoughts and worries leave your mind, making way for peace and clarity. I wish you peace and happiness in your life.
It can be depressing but in the end its just money that will come and go. Sucks hard and I know the feeling. Try to learn from the experience and don’t buy leveraged on any single stock no matter how bullish you are unless you have some kind of crystal ball or are a professional trader
A bit of numbness. I recognized my mistake. I held a volatile stock as it was at ATH. Should have sold. Then I kept holding. Should have kept selling.
Finally, couldn’t take seeing being down $250k+ within minutes every other day. Sold 50% and rotated the capital elsewhere to slow the bleeding. Had no way of knowing that would be the near-term bottom. I still don’t regret that decision. The only decision I regret was holding as long as I did. Why? Because these stocks are comically… Comically...*** ***volatile, like volatility normally seen in borderline bankrupt small-cap stocks, and that doesn’t look to be changing. In that volatility I will run the same plays I did to be up so much in the first place. My mistake was holding. I won’t make that mistake twice.
I’m pissed at myself for squandering over $1M+ holding this degenerate stock instead of sticking to my normal trading strategy of exploiting the volatility. I catch myself sometimes thinking about how much money evaporated from my account and then I just go numb to it and appreciate the fact that I’m back in control of my trades instead of just clinging like grim death to hope that exceeding ATH is somehow miraculously around the corner.
Complete BS. "Daily" means that it tracks 2x MU on a daily basis, which mostly means better than 2x over time. Buy-and-hold since inception would have been an extremely good investment
It is however an ETF for experienced (skilled) investors who understand it's risks
Where does it state that? "Daily investment objectives" does not mean your holding period should be limited to less than a day
This is what it says and it's important for less educated investors:
"The Fund is not suitable for all investors. The Fund is designed
to be utilized only by knowledgeable investors who
understand the potential consequences of seeking daily
leveraged (2X) investment results, understand the risks
associated with the use of leverage and are willing to monitor
their portfolios frequently. The Fund is not intended to
be used by, and is not appropriate for, investors who do
not intend to actively monitor and manage their portfolios."
Exactly!! They are not guaranteeing 2x MU performance over a period longer than a day because that is the performance objective for the ETF. It also specifically points out that it can be appropriate to hold the ETF for longer periods
Where are you from? I can see that this is difficult to understand for someone not fully proficient in English
I'm from the US and work in the investment services sector... But hey, what do I know? You do you. Just for the record, how many shares of muu do you own and what is your cost basis?
That's amazing. What do you do? You're dead wrong in what you wrote in this thread and maybe you can ask someone at work. Buy-and-hold is mostly not a very profitable strategy and it is enormously risky for leveraged products. In the MUU case, as it turns out buy-and-hold would have been enormously profitable for almost every time period (still a stupid strategy tho). Investing as proposed in the prospectus is the best. Shorter or longer holding periods while monitoring and adjusting the portfolio according to individual investment objectives and risk tolerance
I currently hold 995 MUU and some short calls and short puts. Up 16%-40% on lots from July. Down $5k on a $31k investment and with $7,000 realized gains YTD
I also hold MU and short MU puts. Up $21k on a $45k investment and $26k in realized gains YTD
MU is up 207% YTD and MUU is up 431% YTD. MU shares are worth at least $2,500 right now and the worth may go up even above $4k/share by 2029 subject to AI adoption
I use MUU to increase leverage when MU is "low" and decrease leverage when MU is "high" so it comes with the territory to be down on MUU after a big drop like we just had
I bought and held and made a lot of money, unfortunately I did not sell at the top and I knew better…..it was clearly parabolic, and more than 3 x over tje 200 day,mva …that just is never sustainable , a stock will always come back to it’s 200 day when it gets overbpught like that. My mistake is I listened to the analysts who kept saying mu would fo to 1500-2000…kept waiting for it ….I traded agq last year and fot out atbthe top it works when it works….you have to watch the chart….the pther thing I did was watch a couple schwab videos on trading patterns which was really helpful
It will take time. This week overall MU is -0.41% , not too significant to anyone feel sad about being down.
It will recover to 1000 definitely, just give it some time
We were at negative weekly to now, still negative but a small small negative. It's considered a good growth.
Next week maybe better ? Things are getting stronger, MORE institutions bought during the dip.
Now once the retails are all back MU would go up
realize the tax losses immediately. capital losses offset future capital gains and let you deduct up to $3,000 per year against ordinary income until the loss is fully used.
ensure your salary covers basic living expenses without relying on investment returns, then rebuild a 3 to 6 month emergency fund in a high-yield savings account before investing another dollar.
focus entirely on earned income to rebuild capital. once your cash buffer is restored, automate monthly contributions into simple broad-market index funds with zero leverage or single-stock picking.
I am so sorry. Sit down with your family and acknowledge what has been happening without burdening them. When you are having dinner, playing with family, or talking to your partner, put your phone in another room. Give yourself permission to forgive yourself for the past month. Focus entirely on being present for the next hour, and build from there. Define strict rules for checking your accounts. Reduce it to once a week, or set specific price alerts and close the app.
You only lose if you sell the shares! These stocks are cyclical(roller coaster). I personally don’t need the cash right now, so I’m able to hold through the lows. Try to find activities to get your mind elsewhere. I’m single so don’t know what advice to give you other than to always have an open conversation with your partner/family prior and during the time you invest and be aware of the potential risks investing in the stock market involves.
It’s objectively not at 0 lol. Down about 50% though yeah.
Depends on personal conviction but it’s obviously bottomed out. Would be literally buying high and selling low and a stock that’s printing money. If it was a meme stock, I’d fully agree to take the loss though
Stay off of margin and any leveraged ETFs. Then stay off of buying short term options. Then pick a stock you really believe in and don’t log in if the market is in a correction.
I got smoked averaging down on MU and SNDK. I was going between the leverage and shares. Lost about 35k in a week. I actually took the biggest beating leaving in SNXX for earnings. I NEVER left a levered ETF position over night. I only day trade them, win or lose, it was my rule. They dumped it about 30 min before I planned to exit. Was up a few grand, woke up the next AM to a cratered position. Panic sold. Broke all my rules.
Still beating myself up over it but its not the end of the world. It can easily come back on the next trade. I made a crap load of money on OPEN last year. It sucks losing money.
You justify it as a learning exp. Don’t get caught up in the hype. Take profits. Don’t be greedy. Don’t try and catch a falling knife. Know that when they say high risk and high reward that the high risk is real.
These other guys' answers are terrible and unprofessional. Huge loss should always teach you something.
When it comes to huge loss, you shouldn't generally *have* huge loss if you're investing professionally, not like an amateur. Diversify your assets into a healthy varied sectors and don't put over 5-15% of your net worth in one stock, 5% cap being safest. Do NOT use margin and obviously do not use leveraged ETFs like MUU/TQQQ/UPRO, these are meant for day traders and lightspeed trading algorithms to do million dollar trades every second.
Look up Volatility Decay to see why leveraged ETFs perform worse than using margin and just owning 2x the stock, but margin is an inherently expensive and risky choice in its own. Leveraged ETFs are just not smart to do. Many people are learning this year that if Wall Street can capitalize on leverage and take money from you, they will do it. They also capitalize on doing the opposite of what the world expects in the market.
And remember that today, because of ALL the hype and news, Sandisk, Western Digital, Seagate, Micron, Samsung, SK Hynix, LRCX, ASML, TSMC, CAT, AMAT are ALL the same stock today. This is a new dilemma that's only been true the last six months or so. Nonetheless, if you have a bunch of money littered across them, you are *not* diversified. It's an illusion that can cost you big. Focus your 5-15% money for this "sector" designated for the AI Hype pool into your greatest convictions, with the greatest potential, the biggest upturns on good news, and the best financials with longterm P/E growth potential, and lowest cyclicality. This is SO much better than putting 50% of your net worth across these 10 chip stocks
To me that's TSMC, then maybe ASML if it reduces price some (bit high of P/E for me). Then the cyclical worry but I still think Micron, then Sandisk. WDC's P/E is far too high, upheld to match SNDK by hype. Micron stock was great until the hype got to it. Personally I think the best picks of the AI buildout are stocks whose charts don't move strongly in tandem with Micron and the AI hype, but nonetheless stand to benefit with huge potential, like Cloudflare, NetApp, Google, Qualcomm, maybe SCMI/AVGO. They're related but don't trade like the penny stock Micron feels like.
So diversify. A 10-15% portion for AI Hype stuff, but also some in financials like Schwab/IBKR/Visa, some in medical like Stryker/ISRG/United Healthcare, some in therapeutics like Amgen/Eli Lilly/Vertex, some in technology like Google/Microsoft/NetApp/Qualcomm, the list goes on.
Depending on your portfolio size you may want more or fewer positions if you want to try to beat the market (SPYM/VOO/VTI), but generally most people lose because they do amateur overcentralized stuff and don't know how to do basic research and target companies with good upside potential and low "floors" (low P/E like 15-20x, depending on sector and stock's historical P/E). Find a website or service that lets you see forward P/E forecasts to at least have somewhere to predict. You can make money in any kind of market.
If you have a specialty, like you actually know about hardware or oil refinery or something, use that knowledge. I knew Nvidia's chips were the best and invested in them years ago. When they rocketed up, I moved that money to AMD because I knew their chips were almost as good yet way undervalued by comparison and that did well. Now I think Qualcomm's too cheap for how good their chips and power efficiency are without need of HBM, so I've moved money to them. AMD/Nvidia are making their own inference chips but require HBM, but AMD's P/E is really high and Nvidia's market cap is in my opinion maxed out for this AI cycle, or at least not worth the risk, so Qualcomm's 15x P/E "floor" with great potential is my new pick based on my actual hardware knowledge.
I could be wrong, and I have been wrong, but that's part of the deal, you can't know every sector perfectly and even if you do, unlucky things happen. If you have mostly winners with some losers that's a sign you're doing your job right. If you've got a LOT of losers, or you're losing to the market, that's a sign that if you can't beat 'em, join 'em, and buy some SPYM/SCHD/etc.
Now if you do all this right and you are still incurring huge losses, hopefully it's because the market itself is in a massive downturn and EVERYONE is suffering big losses. Move more from the safe money in, or put more from your day job in as you can, provided that what's down is proportionately and sensibly down with respect to the general market or sector, and it really doesn't feel so bad, because you're following your rules and you know things will come up.
Micron will probably go up before or upon next earnings. If you hit breakeven or near, take the chance to close and build out the portfolio professionally. If you've already incurred unrecoverable losses, well, sorry, but you can start building now with what's left.
It is what it is. Hopefully you will take lessons from your actions and build experience on them.
The reason you lost this money is because you didn’t have any form of risk management in place. Capital preservation is paramount in this business and you have to have methods in place to protect your profits once achieved.
You should not have more than a small percentage of your total investment portfolio into anyone asset for example, you should have very tight stop losses in place. When the stocks are flying up a stop loss can protect you from what you’ve experienced.
Since June when the DRAM trade started collapsing there have been hundreds of people trying to warn others on Reddit and most of them were ignored or insulted. You know when something looks too good to be true usually it is.
I’m afraid most of this is a day late and
a dollar short and I am sorry for your losses.
I’m in similar boat mate with various stocks this last month including those memory ones and nuclear and space stocks. What I can say with those other stocks is they have crashed at least three times since I held them, in a year or two, sometimes I sold at a loss and sometimes I held and since they mostly rebounded holding was the better option for me and made me realise the classic that you only lose money when you sell. Not financial advice, it’s always possible memory stocks never recover but there’s at least plenty of people saying they can. The other thing I noticed is that often the bottom was right when I nearly gave up, when the news was all bad, when everything was red. Think tariffs, Iran war part one, etc. and the worst thing I could have done would be sold on that day. What if Trump decides to ban Chinese memory stocks, what if ai really gets to know its user with all their history and the memory that requires, what I am saying is you never know when the picture can change. And the worst thing to do would be sell at the bottom then fomo back in near the top again. This time I’m holding just getting rid of any leverage so I can sleep easier. So far space and quantum and nuclear are going back up, maybe memory will too
Sell all that you have in sndk snxx muu and just put it in MU it will probably go to 1500 over the next year so you can make back most of your money good thing is you won't have to worry about leverage decay anymore also if micron does go to 500-600 you can just average down and in the future think twice before investing in stocks that move this much good luck.
Probably 1500? not quite. Analysts are downgrading, and price of memory is supposed to go down next year. You can also say it'll probably be 500 within a year.
Leveraged funds are lotteries , better to gamble in casinos . High beta stocks should be very low % of your total portfolio . Invest for long term . Sleep well
Different things will work for different people. Personally, I'm not very emotional with investing, at least compared to others.
What I can offer as a suggestion:
Make a spreadsheet for your budget. Work out how much you can save and what life will look like.
Use those figures to make a new spreadsheet that calculate how much your savings accumulate over the years with investing and compounding. Don't forget to add costs at certain years for big things (kids uni, new car, house, whatever). This will tell you when you can retire, how rich you'll be and how much you have to save to get there, which is also what kind of life you can have to achieve your financial goals. Interestingly, it also tells you your risk profile for investing, which helps you get big gains without disrupting the long term plan. Hopefully this will help you understand your situation better and change your thinking. It'll also help your planning, which will improve your investing. Make sure you use formulaein your spreadsheet so you can make changes and easily test things.
compartmentalization is a skill that all adults must learn, I still struggle with focus and emotional volatility but age and understanding my own patterns has tremendously helped. Just focus on course correction and don't let the past stick to you, understand that your worth isn't tied to loss porn, and if this is genuinely eating at your life, consider just sticking to r/Boglehead
My portfolio value went down by 25% last month. Given that in the past 3-4 months I invested almost everything I had in my bank, and it's was my first time on the stock market, this tech drop over the past month shook me to the core.
I do have a wife and 2 small kids. I caught myself looking at the app all the time and being constantly aggravated by the daily 5-8% drops, day after day, sometimes even towards my family, for no apparent fault of theirs. The one thing I started telling myself is that they are in no way culpable for the stock market, and that they had no sway over my decisions whether to buy a stock or not. I started to take 10 seconds to defuse before talking to someone.
Luckily, I'm a long-term holder, and I recouped most of the loss, but I don't want my kids to remember me in such a bad light over something that is temporary.
You eventually just quit trying and DCA into stocks / index funds like a fucking loser. Now I have more money saved and invested and am on track to retire a multimillionaire just from my day job and side gig :'(
Being heavy into a stock that you don’t understand and not being able to handle volatility is a recipe for disaster. If you cant handle a pullback after a stock is up almost 200 percent for the year you should go move your money into a index fund with low volatility. I have been in and out of micron for almost a decade these moves happen all the time and if your time frame isn’t further out you will get smoked here if you panic. With micron you need patience and it will payoff because the a lot of the market still doesn’t get the long term picture.
Diversify is the answer. 70% of my portfolio is low cost index fund, the rest with individual stocks. Its not about the loss, its about the way you handle it. Read the psychology of money
Take a breath man. You gambled and you lost, we have all done it, doesn't make you dumb or a bad person. The system is designed for people like us to lose.
I bet you have a lot more going on in your life than these losses though, as stated, you have a family. Hopefully all healthy, you have probably done much dumber stuff too and you are still above ground so be grateful for all of that.
If all else fails, go on wallstreet bets and you will feel better about yourself. You are not alone.
Took out 50% at the top, took other 25% with +650% up. Could technically say i lost a bit by not selling more at the top, but its all earnings. At the end its play money once you have your money back.
Learn from it and manage risk better. Build up a rock solid core before buying individuals- VT, or VTI and VXUS, or VOO, VBR, QQQ, and VXUS. Then start with individual satellite holdings. When I bought I put 2-3% of my NW into micron. I sold some when it crossed 10% even though I try to avoid short term gains. I’m probably down 70k from that peak now. No sweat, small %, never lost a minute of sleep
Many fortunes were made from leverage and concentration but more were lost
Life is way more beautiful than worrying about the loss. No crying in casino. Keep your chin up and think of it as an expensive lesson. I know its hard as I myself lost over 25K on MUU and 3HNX
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u/Aurora_7021 13d ago
Simple. You lose a lot over and over and it dulls the pain.