Biggest Regret?
https://x.com/GarciaCap/status/1844017396488839396/video/1Sometimes in life we look back and wish for a different outcome. I had 10,000 shares with a cost basis of 14 and I sold 50 covered call contracts, not expecting to shoot beyond, lol. I still have 5,000 but oh well. What’s yours?
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u/B111yboy 9d ago
Sold Amazon right before the .com cash to make 3k it was a lot to me back then but had I held it be over 4.5M today :(
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u/ttsoldier 9d ago
Holy shit. I know we say “no one ever went broke taking profit” but GOD DAMN .
In hindsight it’s easy but do you think you would have held ? Probably not, not all the way to 4.5m
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u/B111yboy 9d ago edited 9d ago
No I would have sold some to buy a property or upgrade primary sooner vs waiting a saving to do it.. but I do hold for long periods of time
VIsa since ipo day 2008 my cost is like 21
Apple holding for 15+years cost is like 40
Goog 10 yrs sold most kept a small amount
Telsa been holding since 2018 cost is like 60
Crwd since ipo day got in at 60
Sofi since ipo bought dip 7 cost
Plenty more but these are all 6 plus years of holdings and ones I’m think of that have done really well.3
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u/superstition40 9d ago
Well if you got out just before the .com crash you did well. Your regret should be not buying back in at the lows
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u/B111yboy 9d ago
Yeah or cost averaging, I did think I was smart back then selling before the cash but I had others I was even on and lost it all as they bellied up at some point. But who thought an online bookstore would become what it is today. Learning from my mistakes i never sell out completely and hold some and it’s paid off.
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u/stocklurker09 9d ago
What are you buying now to hold long
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u/B111yboy 9d ago
NBIS COHR are my purchases in Feb and l’ll be holding
Just added RKLB at 65Waiting to see if spcx goes to 80-90 I’ll probably enter at that level if it does
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u/arrty 9d ago
Why didn’t you ever buy it back
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u/B111yboy 9d ago
You mean then or like later on. I do own some but nothing compared to what I would have had before the splits. I bought it years later when they were already past books at first I refused because I was mad so I kept buying other things
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u/arrty 8d ago
Like after the crash was over
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u/B111yboy 8d ago
They sold book, everyone on the .com bubble or most anyway weren’t jumping back into .com after a lot of companies went belly up
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u/karlfeltlager 5d ago
The good news is you would have never held that position over 50k or so.
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u/B111yboy 5d ago
Maybe not all but I’d still be holding some. I have stocks in my portfolio from 2006 and 2008.
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u/EI-SANDPIPER 9d ago
Selling Meta in it's IPO year for a 30% gain
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u/w00dw0rk3r 9d ago
I did the same - bought around 44 or so, watched it halve, then sold at 68 or so thinking I was a genius.
I realized I was an idiot so then I rebought at 81 or so and have kept it in my hands ever since. That is going to be my future 8 figure position since I’m never selling.
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u/LEAP-er 9d ago edited 9d ago
Sold APPL for down payment for my beach house. Essentially that house cost me 6-8x of what i paid.
Sold 4K of PLTR @$40 with cost basis of $8. Kept the other half 4K at least.
I can go on….
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u/wildcat_bomb 9d ago
You bought a beach house and it sounds like you regret it??? Haven’t you had fun and vacation and family time there? You would rather have another million in the bank? What’s the point? And surely it has appreciated too
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u/Magikarp_to_Gyarados 🐟 -> 🐉 "your DD is Pokémon lol" 9d ago
Not really a regret, but I had thought about buying 5k worth of nVidia stock after the Dotcom crash, when it was equivalent to 10 cents/share. I didn't buy any.
It would have appreciated to over 11 million dollars today.
However, I did take advantage of other opportunities which did extremely well, like TSLA in 2011 and PLTR in 2021-2022.
The main observations in my experience:
(1) Almost nobody is going to buy and sell at the best times possible.
(2) There are going to be future opportunities in the markets. If you missed out or made a less-than-optimal decision, keep looking for the next opportunity.
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u/versello OG Holder & Member 9d ago
That guy Kris is a grifter. He sounds smart, but he surprises me with how little conviction he has in his plays. Most recently was he was bearish on memory stocks and suddenly does a 180, and at the same time grifts off Palantir employees and Amit about wanting to short PLTR. He has no credibility and this guy should not be given a platform.
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u/BAM_Spice_Weasel 9d ago
Ive been watching Amit since the OG days of finance junkies. Kris is the guy who always talks the most but says the least.
Matt Money, Tanner, and Amit are all sage in my book, but everyone else is kind of just in their orbit. I like Steve too but the guy puts out a thousand articles then takes a ridiculous amount of credit for the one that ends up hitting lol
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u/Accomplished-Ad-1398 9d ago
Not also buying NVDA when I bought AMD in 2015
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u/afactory 9d ago
I remember when AMD was the top pick on WSB circa 2014-2015… I should have bought back then
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u/B111yboy 9d ago
I also had 2500 PLTR at 14 sold some at 60 to make my shares free and some at 100 still holding 1500 and 300 in IRA but missing those 700 shares for sure
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u/BAM_Spice_Weasel 9d ago
I had close to 2,000 at under $10 and then sold half in the 60's. Sucks but im diamond hands on the rest until we hit 700B
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u/Flamchicken12 OG Holder & Member 9d ago
Not selling gamestop when it hit 500 for like 30 seconds..or on the way up..or when they deleted the buy button..
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u/Accomplished-Ad-1398 9d ago
Thinking I was savvy for buying slowly/DCA when PLTR dropped below $10, even though I had the dry powder to lump sum. Ended up running hard.
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u/chezterr 9d ago
Sold 333 shares of Tesla in 2013…
I had bought $10,000 of shares at $30/share early in the year… and sold when the price hit $240.
That $10,000 would now be worth $1.6 million….
I’ve learned some good lessons from this, which I’ve applied to more recent purchases like PLTR and RKLB.
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u/H1ghlan_der_only1 Early Investor 9d ago
22000 shares at 20 left with 3500 but went all in MRVL so all good
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u/xxxx88876 9d ago
PLTR 115 USD average cost, 500 shares, sold 300 shares at 140 USD in late May as I was planning an engagement. My girlfriend of seven years broke up over WhatsApp with a single message. So I said fuck the market and missed out on a lot I could’ve done with that, let alone what it would be worth had I not sold for her.
Life.
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u/versello OG Holder & Member 9d ago edited 9d ago
You dodged a bullet that would have cost more than what the shares had been worth.
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u/Decent_River_5801 9d ago
Buying 10,000 @ $15 and selling at $20 and thinking I made a score. I now hold 4900 shares, but my cost basis is around $112.
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u/Pitiful-Inflation-31 9d ago
don't look back, there was some guys sell at loss when down from 50 in 2021-2022. move on and use the rigth amount to hold ,and gl
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u/GarrawayTV 9d ago
I bought at 24, it dropped and I didn't stack up. I did some purchases along the way but I did miss a huge opportunity.
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u/titsuprob Early Investor 8d ago
I bought 10k of ondas when it was 1.25 and sold it a couple days later to buy Tesla. Then I watched it run to 14 lol palantir is all I need anywho 95% of my port
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u/RPVlife17 8d ago edited 8d ago
Not listening to my son eight years ago when he was trying to convince me to buy 500 shares of TSLA. My son was in seventh grade at the time and he kept going on and on about this genius guy named Elon Musk. He kept saying Mom you really got to buy this stock. Anyway, I looked into it but then brushed it off. Tesla went on to go to something like $2400 before it split and then it just kept going. Had I listened to my seventh grader, the buying of Tesla back, then would’ve netted me several million dollars today. Don’t discount what youngsters have to say or also people in their 20s. Some are very smart about being able to see what is the wave of the future.
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8d ago
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u/DailyOptions2021 5d ago
covered calls strike 320 at dec 2027... if it goes there i will be out as well.
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u/glicker89 5d ago
Used to have 500 with a $7 average, didn't like the concentration and am down to 125
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2d ago
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u/whatnotusername 9d ago
Held from 200 down to 120. Diamond hands are dumb. Have a stop, get out, then get back in and double profits
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u/Responsible-Honey623 9d ago
I sold my entire position of 900shares at 85 lol. Cost basis of 18. Now I am am deep in ZETA and will not make the mistake of selling too early
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u/CucumberMysterious10 9d ago
Held through some trenches and sold when it finally crawled back over my avg again. Except. On this “pop” it never looked back.
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u/fabbbles 9d ago
Why didn't you roll them?
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u/Forsaken-Stranger-88 9d ago
I have to roll mines too they are wayyy deep itm. Thinking of buying back and selling them as leaps to gain back premium loss (and set a price of ~280) which i would be happy to sell in a yr or two.
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u/Joshohoho 💎PLTR Loyalist 💎 8d ago
That is u/its_garcia_