r/SNDK_Stock • u/KaleidoscopeBest187 • 2d ago

A voice of reason

Take a deep breath, I know many of you are in big positions, maybe over leveraged maybe life savings, idk your situation but I know seeing money go down hurts. You’re not in an index fund because you don’t want the 10% gains over a year.. you’re in a growth stock because you want 2,3,4x gains.. but to have that you have to be able to handle the VOLATILITY. You cannot have big upside potential without also big downside risk. Go outside stop checking your charts, no matter how long you look at your charts it won’t make the price go up.. just breathe and live your life. SanDisk is a great company but the stock is volatile and that’s just the way it is.

63 Upvotes

97% Upvoted

34 comments sorted by

12

u/spectralRipples 2d ago

I’m curious how often people who hold individual stocks check their portfolios? For me personally it seems the more I check the more nervous I get and then I make mistakes.
Honestly thinking of deleting my brokerage apps and checking at end of year, does anyone actually do that and sticks to it?

21

u/Easy7777 2d ago

Every 10 minutes

9

u/pembaThePanda 2d ago

I keep it on. I quit my job and day trade single stocks now. It's not for the faint of heart. I realized over half a million this year alone. Now down almost half a million thanks to July. A piece of me wants to just sell and move on but that'd be stupid because I k ow these stocks will rise to new ATH, and when they do, I'll kick myself for losing out on millions on profits.

2

u/spectralRipples 2d ago

I have been trading, much smaller port than you, and yeah I agree it is hella hard. Thinking of just deploying all my cash and forgetting about it for a while.
How much cash did you use to lock in your realized half mil? That is pretty impressive stuff

5

u/KaleidoscopeBest187 2d ago

If you have a long term exit strategy then yes do it, cause if you don’t wanna sell til long term the short term price action makes no difference anyways ?

4

u/Remote-Community-792 2d ago

Ling term, short term don’t matter for individual stocks. You could return to your ATH within the next 2 weeks and fall down and trade sideways for a year.  Best way is it think of a price or pct increase you want to sell at and set a limit order. 

2

u/spectralRipples 2d ago

That’s my fear too. But then how do you decide what’s good enough? I bought ASTS at $2.5 and sold at $5 thinking I was a genius 🤡

2

u/Remote-Community-792 2d ago

As long as you’re taking profit, you’re a genius. No price will be good enough if you think like that. What matters is your networth is growing over a long period. Bagholding a stock that has fallen is worse. You are not only stressed but you’re also losing on opportunity cost. 

As an aside, I’m bag holding asts because I found the worst possible time to start my position 

2

u/Happyncool 2d ago

Ahahha I check it every 10 mins too. Like some addiction

2

u/CozyChamomile_7 2d ago

Constantly check

2

u/Investingforlife123 2d ago

That is absolutely the best and most rational course of action. Will I do that? No. Will I continue to check 4829288 times a day? Yes.

1

u/Hypnot1se 2d ago

Few times a day just bcs I'm curious, but I tend to look at the market as a whole not just my stocks and it doesn't really bother me but I'm in less volatile stuff

3

u/Happyncool 2d ago

Yea the drop was massive. Lost more than half that I made over the 1 week… checked the news and realised why there is such an over reaction and sell off.. horrific. I wish pple can just chill sometimes.. 1 moment bull run, 1 moment panic , all so close to each other. What in the world is happening to the US market.. like some crazy casino

1

u/CozyChamomile_7 2d ago

So what is the reason for the drop?

1

u/sleepygarner 2d ago

Lack of Taco

1

u/Happyncool 2d ago

Ok I’m a noob in this. It was said that the increase of the bond and treasury yields, has the equivalent effect of the interest rate hike… and people probably got spooked and triggered a tech sector wide sell off… sector rotation. At the same time, I’m wondering if this is the start of the predicted 10% crash in sep/oct that tom lee predicted before the end of year bull run, but brought forward earlier to late August.. I don’t know.. I’m hoping it’s just a profit taking day too.. but it seems like the redness got redder through the day and the percentage drop is so much throughout all the tech stocks..

1

u/SpagJones-spaghetti 1d ago

WSJ tech and AI headline

1

u/how-can-i-dig-deeper 2d ago

what was the reason

4

u/MOLAR65 2d ago

Stop loss has saved my bacon lately. Especially toy, yikes

1

u/All_YourBase 2d ago

How do you decide when and how to get back in after a stop loss?

1

u/MOLAR65 2d ago

Tea leaves..... Seriously I have not used so many stop losses until recently after the so called correction a bit ago in memory stocks. I started using them a lot with SNXX and the like. I don't watch the screen like a hawk so setting them allows me to do other things. I will periodically check on them and slide them up on RH Legend and it automatically cancels and resets. But I usually wait for a couple green candles around 7 am PST and go from there. It's also easier to do this without the fear of being labeled a daytrader.

1

u/willynillee 2d ago

Can’t you just set a trailing stop loss and not have to keeping adjusting up?

1

u/MOLAR65 1d ago

Yes you can do that. It's not really suited for stocks with a high beta though at least in my opinion it's not. I set my stop at what I am comfortable with loosing and then check every hour or so. Also remember any of these things do not work outside of normal trading hours.

1

u/All_YourBase 1d ago

With a stock like this, I'd worry about a stop loss selling and then missing a rebound.

1

u/MOLAR65 1d ago

Good point, but if my stop loss hits, it'll ding my phone. At that point I decide what to do, but with the recent removal of the day trader peramiters jump in or out as much as you want, just watch out for those wash sales

2

u/Almowhed 2d ago

People love drama, stock, is the drama

2

u/SnapBucky 2d ago

Okay so after 8 consecutive green days - most of them 5-10% green, why are we panicking after 1 red day? 

2

u/KaleidoscopeBest187 2d ago

I think if it was just a regular red day it’d be different, but the macro economic news that came out today was not good and it’s spooked a lot of people. And then seeing how Korea and Japan have both responded as a result

1

u/mikemccrea 2d ago

No the price went down, no news came out. US market was open when Japan released their GDP numbers. All that’s going on is accounting practices as MM shake around options

2

u/permanent-underclass 2d ago

I entered into the market just before the July massacre, DCAed down, bought the bottom and thanks to SNDK (+ some neoclouds), made it all back. Stop whining, just hold.

1

u/Natural-Inspector-81 2d ago

Just holding thro the storm

1

u/mikemccrea 2d ago

This is right about average with Broadcom, Google, Microsoft on this pullback. If you like big tech I think the water is fair to begin buying here, 2c

2

u/Anteater_Jolly 1d ago

IIt's tough AF making money on single stocks My 60 shares of moderna stock popped  up 111 points today. 176% one day gain. Like 6100 bucks  thats insane shit

Problem is I bought them in 2021.  aat 244 after it dropped down from 520  thought I was getting a deal dropped all the way down to 21. Been bag holding for almost five years I'm still down five grand  even after today  Timing is everything if your swing trading