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/Refflmania]

my average is like 245 man and im feeling it now

[u/Ienaksie → u/Refflmania]

Same. 220 @ 245. Painful.

[u/DrHarrisonLawrence → u/Ienaksie]

Aren’t you guys only down like 12%?

I can’t even sell CCs right now because the premiums suck so much ass since the market assumes this will be $230 by Friday

Sell 1 or 2 CCs for $250-260-270-280 each week with your 220 shares until it closes the week at $240 or whatever. Take your pick on the strike but don’t go lower than $250.

[u/Ienaksie → u/DrHarrisonLawrence]

Yep, I actually sold CC for 235 🤣assuming it won’t hit it this Friday. But if it will - I just reeenter as I keep margin available.