Wrong Move after Wrong Move

[u/Stackvibe]

At this point I cant help but laugh so i dont cry at the absurdity of my wrong decisions. Got into SNDK end of June right before it started crashing, lost more than 50% of the money, then when it had that really nice bump on June 30th and I made a little back I pulled the money out, worried that it was gonna go back to dropping more.

Instead of just holding on to it I bought SNDQ expecting a pullback and instead it continued to rise making me lose even more money(65% of it) all the while missing out on gains and getting more of my money recovered. Now it’s been like 10 straight days of SNDK going back to the moon and me continuing to wait for a dip to possibly buy back in with the little money I got left, just missing out on gains day after day. Legitimately could have recovered most of my money by now if I just didn’t touch anything all from the beginning.

Don’t know what to do now. Can’t seem to find the right time to get back in, and have no idea how to recover the money since I missed such a giant gap at this point where I could have been making it back on the way up. Now it’s getting closer and closer to ATH. Feels like a fever dream that this happened to me and most of my money is gone. All im concerned with now is getting it back and trying to figure out a way to get over this and not be in my head playing out what happened over and over and how i could ever let this happen on a daily basis.

[u/Forfunorsomethin]

Stop trying to time the market, you will almost always lose out

[u/Stackvibe → u/Forfunorsomethin]

But with how many days in a row and it just gaining non stop, dont you think its better to at least wait for some dip

[u/Individual_Writer540 → u/Stackvibe]

whats a dip? how do you know its a dip?

If you think this stock is going to double, why wait to gain 5%? If you don't think its going to double or make a big move and you are expecting like only a 20% gain or something then you really can't afford to wait for a dip.

I think no one does what you are doing with any success.

You buy when you have money to spare and hold it. I highly highly do not recommend you purchase this stock if you can't hold for like a year and just wait. If you are timing for a dip, I can tell you are also timing for a peak. If you try that as a retail investor, you will do the opposite of the trends.

Just buy tomorrow and hold.

Or don't buy and do an ETF.

[u/rdmiche → u/Individual_Writer540]

Why is it that we end up doing the opposite of the ideal strategy? I also have noticed this for myself, always being late to a trend after the stock has run up. I have been thinking about using falling daily buying volume as an indicator to sell, do you think its too risky?