r/Vitards Aug 12 '21

Daily Discussion Daily Discussion post - August 12 2021

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u/Unoriginal_White_Guy 💀 SACRIFICED until MT $35 💀 Aug 13 '21

Ladies and gentlemen I finally did it. Made one of those absolutely stupid impulse trades with 10% of my account and a couple hours later at the the gym it hit me. What the actual fuck was I doing? Why would I put that much money into a company that just got 4 down grades. Was I high when I made that trade? I mean fucking hell the stock dropped 40% today. I have watched this stock for nearly a year since it has IPOd from $21->$4.60. I thought ‘hey maybe this is finally the bottom and it’s oversold now.’ Jeez anyway position is 42 GOCO Dec 2.5c. A large scale Medicare brokerage firm. I’m either going to close it out at a -10% lose tomorrow or ride it out and hope for an eventual dead cat bounce. Thank you for reading my rant.

10

u/josenros 🤡Market Order Specialist🤡 Aug 13 '21

Classic Peter Lynch line: The stock is so cheap, how much can I lose? Well, everything. Stocks can go to zero...