I bought shares at 111 and sold at 140 thinking I should take profit cause of the uncertainty and bearish sentiments around the Iran War. I also read many people saying the NAV was around $19 and so I felt that it wouldn't go up any higher. Can't believe it when I saw the price hit $369. I could have made $150k if I held. Instead I only made $17k. Feels like shit.
Reading about the VCX NAV caused me to sell early at 140
byu/HomeHedgeFund inwallstreetbets
Posted by HomeHedgeFund
6 Comments
oof this is why i stopped reading nav analysis on wsb. those posts always make me second guess perfectly good trades
you made profit on a volatile play which is more than most people here can say. that 17k is real money not some fantasy what-if scenario
I would argue to take the idea of making profit more positively than the fomo of what could have been.
You may label it a loss, but you are net positive and able to redeploy into something else.
In another stock, in another life, a person right is having the same story but reversed, tons of more chances ahead.
ONLY issue I have here is “reading what people are saying” vs “I did some digging/research and found this so I did that”.
Cheers!
Your mistake was utilizing Reddit as a factor in your decision making in life and in investing
u dont go broke by taking profits
You had 586 shares. You could’ve sold half to lock in some profit and kept the rest if you thought they might keep going up.
Buy in now and sell at a loss so you can feel the alternative