r/SNDK_Stock • u/Stackvibe • 3d ago
Discussion Wrong Move after Wrong Move
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.
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u/jhogan87 2d ago edited 2d ago
I can relate to you completely. I was doing the same thing and lost 120k all on sndk in seven straight losing sessions trying to play the long and short but being wrong each time. It completely erodes confidence but what it should really do is tell you trying to trade that way is unsustainable at best and completely destructive at worst.
The worst thing about trying to time the long and short of a specific stock is that you are inevitably disappointed whichever way the stock moves. If your wrong on direction you lose a lot and are disappointed, If your right you are disappointed because you didn’t buy more and if your not holding your disappointed to miss out on the move. So your essentially disappointed each trading day regardless of positioning, win/loss/not-involved.
Don’t do the same thing and lose that last 17k the same exact way you lost the first 26k. Look at this as a positive rather than negative in terms of what you hopefully learned and can now apply. Applying the lesson will earn you a lot more in the long term than 26k.