It hurts, anyway to recover ?

    https://i.redd.it/nigce5s89dif1.jpeg

    Posted by Major-Championship14

    35 Comments

    1. damn, that’s rough. maybe try investing in something that doesn’t just orbit around losses?

    2. TurbulentCycle3426 on

      I hear that Branson is in a similar spot, and is using a burner account to come here and get advice too.

    3. I’ve done it. Managed to come back from being 99.7% down. Just have to get lucky with 2 earning plays and go full port in each.

    4. Necessary-Peanut2491 on

      No, and your question shows that you’re on the path I’ve seen so many before, where you’ll just lose it all again and again. Because you started by making extremely risky trades with way too much exposure, and now you’re revenge trading to try to get it all back. It’s bad on top of bad, the only way to recover is to realize everything you’re doing is wrong and to *stop*.

      Let’s do a little math here. I saw you posting on a bunch of other “investing” subs that are really just gambling subs, people trying to make millions on risky trades, etc.. So let’s see what it would take to actually succeed in what appears to be your plan, get to $1M. And we’ll say you *didn’t* just lose everything. What does it take to get from here to there?

      Well, you’re gambling, not investing, so we’re gonna have to assign odds. I’ll say you’re *really* good at gambling, and somehow have a 75% success rate at picking winners. You don’t (nobody does), but I’m going to be as generous as possible to really drive the point home. And we’ll say that you always double your money on every investment. Now we’ll apply your investing strategy of “YOLO it all into one stock.” How likely are you to get to $1M?

      Not very. You need to hit five correct trades in a row to hit $1M. The odds of doing that are 23.7%. Miss any *one* of those and you experience what you just experienced here, resetting back to around zero and the game is over. With a 50% success rate (again, still way higher than you’re likely to see) you’re at a 3% chance. At 33% you’re at 0.3%.

      So failure is all but guaranteed. However there are so many people doing incredibly risky things like this that it’s very likely you’ll see people who succeeded, tricking you into thinking this is realistic. It’s not, that’s just how probability works. 0.3% chance, and ten thousand people trying the thing? Then we expect a few dozen to succeed by random chance. That doesn’t prove they had any idea what they were doing, in fact the presence of *only* a few dozen proves they *don’t* know what they’re doing and just got lucky.

      TL;DR: High stakes coin flipping isn’t an investing strategy, and I don’t recommend anyone does it.

    5. Just deposit $30k more and it will look like you made $3k profit instead of $27k loss.

    6. Keep averaging down and eventually, you might be able to break even. Unless they go under first. Which is quite possible.

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