S&P 500 ^GSPC
5,069.53
-0.38%
Alphabet GOOG
$138.75
-4.50%
Tesla TSLA
$199.40
+3.87%
Apple AAPL
$181.16
-0.75%
Microsoft MSFT
$407.54
-0.68%
Meta META
$481.74
-0.47%
Nvidia NVDA
$790.92
+0.35%
Amazon AMZN
$174.73
-0.15%

Just a little bit more and I'll be in profit again 🙏 Nio $NIO+4.7% gained 8.18% after yesterday's rally, almost +25% in the last 5 days, and we are approaching the $10 mark (my average buy is around $11).

NIO

NIO

NIO
$5.66 $0.26 +4.72%
Capital Structure
Market Cap
8.8B
Enterpr. Val.
77.0B
Valuation
P/E
-3.1
P/S
1.3
Dividends
Yield
-
Payout
-

This brings me to a general question - How long does it take you on average to "sit out" a losing position, and what stock did you wait the longest on?


I'm averaging $21... so I'm thinking of knocking it down some more... but I'm waiting for a drop.)

For me, it was Macy's $M buying at $42 and missing a possible exit at $70, then it took a brutal ride down and I averaged it down a bit from there to sell at +-0% in 2021💀.

Also good wilderness their development 😀 So at least it was closed without loss.

I'll see myself out 😀, American Airlines with an entry price at $30 in 2019, a while before dropping and gradually dropping to under $10. I didn't sell and only diluted my position at $10 in the larger one, so I'm still waiting.

I've been watching it there, they've had some pretty tough years now, fingers crossed you make it out 🤜🤛.

As I recall, it was Nvidia last time where I waited over a year and just watched a massive loss in the high teens percent range. However, I didn't panic and kept regularly re-purchasing because I trusted the company. That's what has worked for me this year too.

But it's not that long, I've been in Nio for over a year now too, except for brief periods when I go into the black and then down again :D