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@chekohler
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1 min read
That guy had some bad luck, but what he should have done is not dump it all but take a position, clearly, he needed some funds and he should have sold some, if he took the 10k he got and sat on the other half, he would still now be up over half a million dollars.
This is what I tell myself put the principle in with time in the market, and if there are slight pumps, skim a bit of profit to reduce the risk on our principle and then keep going. I'd even dollar cost average that back in and have a bigger stake than I had before
I don't need that money so I guess I' fortunate in that sense we don't know peoples situations unfortunately
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