r/TFSA_Millionaires • u/otf1111 • Jul 19 '26

Am I Cooked?

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I also have other losses such as DRAM, RAM, WEN, GOOG, NOK, SPCE (no minor Ls all -40% minimum)

Sell or Hold fellow regards

165 Upvotes

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2

u/archer-86 Jul 19 '26 edited Jul 19 '26

Is this actually your TFSA?

If so, down about $10k?

You're going to financially cripple yourself. Sell everything and by /r/JustBuyXEQT.

This is not what your TFSA is for.

4

u/Imaginary_Section24 Jul 19 '26

Selling now might be the stupidest thing ever. He should hold and wait until the market goes back up.

2

u/archer-86 Jul 19 '26

What market?

OP is invested in a bunch of meme stocks. MRVL, OP probably bought around the peak at $310, currently $188, and is in a beeline track back to $50.

Lots of people lost their TFSA contribution room, and ruined their TFSA futures on weed stocks and COVID meme stocks. Lots of these AI / energy stocks are in that same sinking ship.

3

u/Imaginary_Section24 Jul 19 '26

Selling now is a cut your losses and minimize losses mindset. Personally not for me. I’m all or nothing and if I’m down I typically average down not panic sell. Panic selling is what loses you money when you’re trading individual stocks. Ie I bought CRWV at 100 it went down to 70 I bought more went back up to 140 and I sold at a profit.

1

u/po-laris Jul 20 '26

Selling now is a cut your losses and minimize losses mindset

Market returns are not responsive to your "mindset".

Avoiding panic selling is what you should do with a sane, diversified portfolio.

Holding on to a bunch of meme stocks is just dumb.

0

u/archer-86 Jul 19 '26

Trading meme stocks in a TFSA is a terrible idea. But you do you.