Need Advice: How do I manage these few tickers that have long term loss?
Add more? Hold and wish? Cut my losses?
I have been sitting on these for 2 or more years. Thanks for your time and consideration.
https://i.redd.it/c4m3epektfog1.jpeg
Posted by StinkybutTasty69
34 Comments
Independent-Cress382 on
This reads like a who’s who of WSB bad stock picks
No_Feeling920 on
You need to have an investment thesis/narrative for each position, because that is what actually tells you to accumulate/DCA, hold, reduce or close. Do you expect us to magically understand, why you bought and held those stocks in the first place?
To answer your question another way – You don’t manage your positions by asking/polling WSB apes.
Boomer_With_Dementia on
Do you have 100 shares of any of those tickers? Sell covered calls with a 50/50 chance in your estimation, of being called. Docusign bounces around a lot in my experience, so look for a 3 month high and get out.
Big_Cryptographer863 on
When did you buy Playboy and why?
beachsandwichen on
Double down on 4 of them
nfordhk on
If I gave you $10,000 today, would you rebuy these? Probably not.
Cut them, harvest the losses, and move on.
Substantial-Use-2867 on
Playboy is still a thing?
heyd0nttouchmethere on
nice work
AlGAdams on
Hold them until you have capital gains you need to counteract and then sell at a loss.
MrNo_Balls on
I am surprised you did not buy BULL
1foxyboi on
That UI is ass
NotEasyOne_Regard on
Why do you have Playboy?
hey-coffee-eyes on
Tax loss harvest time!
ekemp on
Playboy!?! Who pays for pron anymore?
EbbImportant4887 on
Quadruple down
Sybertron on
I mean I could see Disney coming back.
Just about nothing ever improves by about 50% down. Most traders have hard I’m out no matter what at just 20%
But in all honesty use them to offset any future gains to lower taxable income.
unresolved-madness on
Wait until they drop another 20% and then sell
Far_Set3870 on
Reevaluate the ones you think might have a chance to bounce back and dump all the others simple as that.
Reevaluate your filter for finding these particular stocks and find a better filter that will actually give you a winning prospect in 3 months reevaluate every 3 months
BraPaj2121 on
Sell them along side gains to offset taxes lol
ArcticFox71 on
Use them to Tax Loss Harvest and reduce your Taxable Income.
Bunnyofconsequences on
I didn’t know playboy was still a thing
Bradley182 on
*invests in the worst tickers during bull market* ✔️
Run-Forever1989 on
That depends on your thesis. If the stock price goes down and there was no deterioration in the underlying business, you should hold or buy more. If the thesis has been disproven, you should sell and move on. If you never had a thesis to begin with, well, you are just gambling and you can do whatever feels right.
Assuming you have realized gains, it can be beneficial to realize losses to decrease your tax bill, all else equal.
AncientGrab1106 on
TIL playboy is a publicly traded company
Kad65kad on
Ypu use them to pay taxes
frickin_darn on
Sell them and declare on your taxes
funkyk0val on
i would add RIVN and DIS from that list
Extension-Ad917 on
I’m not even mad I’m just impressed
Tequila_Sunset_Disco on
How regarded do you have to be to think playboy is a good idea
sam4o19 on
Lmao these are the type of stock picks you pick in high school when you play the stock market game in Econ
Moist_Recording8809 on
Few tickers? That’s like half a portfolio at least. Can you still tax harvest any of these against gains this year? I hope so.
Cookietc21 on
It’s okay to take the loss. I took a $1600 loss the other day. And threw it into another stock and made $3400.
34 Comments
This reads like a who’s who of WSB bad stock picks
You need to have an investment thesis/narrative for each position, because that is what actually tells you to accumulate/DCA, hold, reduce or close. Do you expect us to magically understand, why you bought and held those stocks in the first place?
To answer your question another way – You don’t manage your positions by asking/polling WSB apes.
Do you have 100 shares of any of those tickers? Sell covered calls with a 50/50 chance in your estimation, of being called. Docusign bounces around a lot in my experience, so look for a 3 month high and get out.
When did you buy Playboy and why?
Double down on 4 of them
If I gave you $10,000 today, would you rebuy these? Probably not.
Cut them, harvest the losses, and move on.
Playboy is still a thing?
nice work
Hold them until you have capital gains you need to counteract and then sell at a loss.
I am surprised you did not buy BULL
That UI is ass
Why do you have Playboy?
Tax loss harvest time!
Playboy!?! Who pays for pron anymore?
Quadruple down
I mean I could see Disney coming back.
Just about nothing ever improves by about 50% down. Most traders have hard I’m out no matter what at just 20%
https://preview.redd.it/d0iq9avw1gog1.jpeg?width=1170&format=pjpg&auto=webp&s=187a8f8b72f646ce64cfeb09f001ae2626c8b31c
Yeesh. Terrible picks
But in all honesty use them to offset any future gains to lower taxable income.
Wait until they drop another 20% and then sell
Reevaluate the ones you think might have a chance to bounce back and dump all the others simple as that.
Reevaluate your filter for finding these particular stocks and find a better filter that will actually give you a winning prospect in 3 months reevaluate every 3 months
Sell them along side gains to offset taxes lol
Use them to Tax Loss Harvest and reduce your Taxable Income.
I didn’t know playboy was still a thing
*invests in the worst tickers during bull market* ✔️
That depends on your thesis. If the stock price goes down and there was no deterioration in the underlying business, you should hold or buy more. If the thesis has been disproven, you should sell and move on. If you never had a thesis to begin with, well, you are just gambling and you can do whatever feels right.
Assuming you have realized gains, it can be beneficial to realize losses to decrease your tax bill, all else equal.
TIL playboy is a publicly traded company
Ypu use them to pay taxes
Sell them and declare on your taxes
i would add RIVN and DIS from that list
I’m not even mad I’m just impressed
How regarded do you have to be to think playboy is a good idea
Lmao these are the type of stock picks you pick in high school when you play the stock market game in Econ
Few tickers? That’s like half a portfolio at least. Can you still tax harvest any of these against gains this year? I hope so.
It’s okay to take the loss. I took a $1600 loss the other day. And threw it into another stock and made $3400.