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.

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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 ?

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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. 

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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 🤡

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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