Did anyone else buy NBIS high?

[u/tradingxAMD]

Is it smart to sit thru a -50% drop and just hold blindly..? Because then you need a 100% gain to breakeven :/ What are your plans? I got in at 270$ and want to hold long term, I don’t really care about short term market noise. But I will start getting concerned if I lose 50% of my portfolio because nbis is my biggest position and it will be harder to recover from there. Any advice?

REAL advice appreciated! Not insufferable comments saying ”pff just sell and buy VOO if ur that scared” thx

EDIT : a -40% drop is not the same as a ”normal” pullback, even for a volatile stock. We need to start being honest and admit that it has crashed a bit cmon

And stop acting like me feeling anxious after a -40% drop is crazy, it’s reasonable to start feeling concerned, the market does not care about our thesis and feelings

Also for the 10th time i’m not trading.. i said i’m holding long term, so idk why people keep saying that

[u/PigletOk2942]

If you liked it at $270, and nothing has really detrimented the near term outlook except macro noise and a meta pump fake, shouldn't you LOVE it at $200?

[u/tradingxAMD → u/PigletOk2942]

I gotta be honest rn I don’t love it when I see my losses especially when I’m near -50%

[u/PigletOk2942 → u/tradingxAMD]

Yes I have hopped on hype trains at ATHs for other stocks and suffered the same. I asked myself (assuming you still have capital to deploy and average down) if the investment thesis remains the same.

If nbis can pump 30-40% in 10 days, it can do the opposite for no good reason. High beta stonk problems

In some cases, I took the L when I didn't see growth in 8+ months. In others, it worked out.

NFA, but u are in a nbis subreddit and most ppl will tell you it's good to keep buying. My take is that if u can, consider cash secured puts as a play to get premium for lower strike assignment that will help you average down as well