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Old 04-07-2021, 09:08 AM  
MaDalton
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Join Date: Feb 2004
Location: Cheque Republic
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Quote:
Originally Posted by PornDiscounts-V View Post
Some clarification on my FOMO comment.

Take plug for instance... 37...
This leads me to believe that you either bought it on the way up or you bought one of the dips after the surge in January for almost all meme stocks and alternate fuel stocks. So it seems that you were chasing a bit.

However.. look at the ticker for one year. Notice the slower trend line and if you drew it out you'd be around 32 right now if the surge never happened. Also realize that there was a smaller surge in December.. So it might take about 3 to 4 months to get back to 37. But if and when it does, this time it will be there because it's supposed to be there and not because of volatility or wall street bets.

You have a ton of stocks in this situation in your portfolio. To be honest, your portfolio reads more like my day trading menu than a long term hold portfolio.

You might pick 8 to 10 really solid stocks and sell, convert all others into them. You'll take a nice loss on many of them, but that will help to offset any gains tax wise.
Bought PLUG at $7.70 - did NOT sell at $70...

HODL!
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