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.

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u/LiquidSquids 1d ago

"but don't overcommit to one play"

Should 50% of my retirement account not be ATM SPY Puts expiring on Monday?

1

u/goreTACO 23h ago

No, should be more like 90%, the other 10% in, fuck it i don't know? Gold?