I SOLD ALL OF IT!

TL;DR

After Facebook's earnings report, the speaker intended to invest $150,000 in Facebook stock but had to cut losses of $5,000 due to a continuing sell-off. However, they remain confident in future investment opportunities.

Transcript

so let's talk about facebook what's going on team it's ricky with tech but solutions i appreciate you guys being so patient with me today the newborn uh that we just had just couldn't get to stop crying so um took me a little bit longer to upload this video but i wanted to make sure that i express and follow up with one of my intentions right and o... Read More

Key Insights

• 💇 Risk management is crucial in trading, and sometimes cutting losses is necessary to protect capital.
• 👋 Investing in well-established and valuable companies, like Facebook, can be a good long-term strategy.
• 🥹 When a trade doesn't go as planned, it is important to hold oneself accountable and learn from the experience.
• ✳️ Opportunities in the market come with varying levels of risk, and it is essential to manage and mitigate that risk.

Questions & Answers

Q: What was the speaker's intention regarding investing in Facebook stock?

The speaker intended to invest $150,000 in Facebook stock in three different pieces, with an overall plan to average up and make a profit as the stock recovered.

Q: Why did the speaker cut losses and sell their Facebook position?

The speaker had set a plan to cut losses if the stock broke below $225, and as it failed to recover and dropped further, they decided to manage their risk and sell.

Q: Does the speaker believe that Facebook's stock will recover?

Yes, the speaker remains confident in Facebook's recovery and intends to invest again in the future, waiting for confirmation and a more conservative approach.

Q: What perspective does the speaker offer on their $5,000 loss?

The speaker sees their loss as temporary and not a reason to be devastated, as they believe in the potential for future gains when Facebook's stock recovers.

Summary & Key Takeaways

• The speaker's intention was to invest $150,000 in Facebook stock, but due to a sell-off, they had to cut losses of $5,000.

• Despite the loss, the speaker remains confident in the future recovery of Facebook's stock and intends to invest again in the future.

• The speaker emphasizes the importance of risk management and holding oneself accountable in trading.