I’m from Africa and this money can buy a very nice house in the biggest city in my country. Made most of it on Nvidia and Amazon calls in the beginning of 2024. Then I decided to go all in on one company. Diamond handed a dying company that went bankrupt this week. I kept averaging down for 1 year hoping it will 10x. I’m still processing this loss, I thought shares were safer and here am I.
https://i.redd.it/0bzzduj0dm8g1.jpeg
Posted by makshelah
48 Comments
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You belong here 👏🤡
I don’t think you’ll be making it back. Hope you got a good job
This is solid loss porn
Was your DD limited to your love of lasers?
this is why you diversify
Congrats you can carry that loss forward for a few years for lower taxes.
How much of your net worth is this ?
Have you considered not trading penny stocks?
Did you pay taxes on the 2024 gain?
We like to refer to you in this sub as our resident African-American.
If it wasnt gone, you wouldnt be here! 😊
LMAO u fucked it up big time
The Nigerian Prince of WSB
Atleast it’s now Chow
You didn’t sell when it dropped below its IPO? I am sorry, but what is wrong with you people lol. You don’t want half your money back at least?? 1/3 of your money back ??? at least the weight of carrying this is gone
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Why everything you have in one trade on one company? I’ll never understand this
😂
https://preview.redd.it/t7lg35mrem8g1.jpeg?width=1289&format=pjpg&auto=webp&s=e031cc21be783a01b861d36684010910296fc9d3
🥲
Do they have Wendy’s in your country?
On a company from Florida
Putting the 0 back in the 401k
For a LIDAR company, you’d think you’d see the crash coming…
https://preview.redd.it/igslang0fm8g1.jpeg?width=600&format=pjpg&auto=webp&s=7b080f3b9b1d819c20bf0c2b314cd262cde85e18
Merry Christmas lil bro
You know what, at least you gave some degen a great Christmas present
https://preview.redd.it/7t43s026fm8g1.jpeg?width=1164&format=pjpg&auto=webp&s=c8ac387672e6eba9fa0988df542f1042e0855a96
Looks good.
How do you feel about fryers
If it’s your savings, it shouldn’t be in a single companies stock. That’s the opposite of a savings account.
You’d have about $20k more if you sold on the 19th instead
Median networth of an adult in Africa is 1.2k, 41k is actually an insane loss! Congratulations
wtf
Out of all companies, why Luminar?
it’s a lot in US, I couldn’t imagine how long 41k would last you in Africa.
Shares are safer because they don’t have an expiration date. Bankruptcy still exists
Oh no , most small caps stocks are to day trade not to hold ,
Rip brother
How does it feel, winner?
One trade wtf
You gambled and lost. It is what it is.
Brother, this isn’t savings. You are actively investing it.
Welcome to the club buddy. We were waiting for you.
say it with me: “My investment account is not a savings account”
I mean at the end of the day you’re number one rule in investing is diversification. Going all in on one stock is the exact opposite of diversification. Second rule would be sticking to a definitive stop loss which was also completely ignored. Two wrongs obviously don’t make a right. I think this is an excellent lesson for everyone. Look at it again and let that really sink in
How and where did you ever find this company???
It is a cutting edge high-tech firm out of the Midwest, awaiting imminent patent approval on the next generation of radar detectors that have both huge military and civilian applications
https://preview.redd.it/zerapeqqmm8g1.jpeg?width=219&format=pjpg&auto=webp&s=c982878c71f4e6ced744ea53ae6bf7036769f88b
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