r/wallstreetbets • u/Luk164 • 1d ago

Loss I thought I was buying the dip :(

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Am noob, thought I was buying the dip, market reopening with -5% quickly taught me I was not. Should I hold?

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u/ProofByVerbosity 1d ago

This is more like a nuclear bomb than a dip. You're right in concept, but jury is out on how many more "dips" we'll see. Don't take advice from anyone here including me, but I would nibble little bits on the way down. Don't blow your whole load on 1 "dip" buy, edge it and DCA on the way down, but don't overcomited to one play.

-8

u/Luk164 1d ago

I am not buying anymore, just thinking about holding and hping or selling and taking the hit

23

u/ProofByVerbosity 1d ago

I wouldn't sell and take the hit, that's me. If you don't need the money for 6 - 12 months just be patient and take profit.

5

u/Luk164 1d ago

Yeah going long is an option

23

u/ProofByVerbosity 1d ago

on SPY? for shizzle it is. If it doesn't recover in a year or two then shit has really hit the fan and you better have invested in a gas mask and shotgun.

2

u/ThreeEyedAngel 1d ago

Well it could be a lost decade without any civil chaos, just a weak market because of uncertainty