Seeing a lot of popular names down big today, so let’s have a little chat.

What do you do when your hot stock is falling fast?

💥 (a thread)

Check your goals.

When do you need this money?

Now? In a few days? In a few years?

If you have time to wait, then it could make sense to hold on for now.
Remember your why.

Stocks rise and fall. It’s the nature of the market, and swings are the price of investing (h/t @morganhousel).
Just think about Apple. Amazing rally over the past few decades…with a lot of big drops.

https://t.co/odjl3C82B1
Back to the why. If your why behind buying this stock hasn’t changed, then it might be best to wait this drop out.
Re-frame your thinking. This could be a big opportunity.

If you’re optimistic on this stock and you want to be in it for the long run, this could basically be a sale for you.

10% off full price!

Think about opportunity when everybody else wants out.
Whatever you do, do NOT try to time the market.

You don’t know what the future holds. Nobody does.

Timing the market is a foolish game.
Nobody thought the market would rebound as quickly as it has.

And get this: one-third of all S&P 500 stocks have DOUBLED since March 23 (the bottom of the pandemic selloff).

If you sold then, you might’ve missed the incredible rally back up.

DON'T TRY TO PREDICT THE FUTURE.
...and most importantly, don’t panic!

Breathe, and keep your plan in mind — why you invested, when you need the money, when you told yourself you’d get out.

Now get there and crush it 👊
*get out there and crush it, ugh Mondays

More from Trading

1/ Feels like a good time to tell the story of how I went from broke to a millionaire to broke again in 2017/18 again...

Yesterday was brutal for some people...

Losing life-changing money sucks, losing any money sucks...you can chase the market or you can change your strategy.

2/ The original thread is gone but you can read it here.

https://t.co/cLLNs75rB0

tl;dr
- Traded $32k to $1.2m
- Thought I was a genius
- Made poor investments
- Didn't conserve capital
- Peaked at 150 BTC
- Lost nearly all of it

2 weeks from losing my house + no income. Oops.

3/ I am going to assume you are in it for the money rather than the tech. Yeah, you might Tweet about the amazing blockchaining of cross-border payments and oracles yadda yadda...really, you are in it to make money.

If you are really in it for the tech, go and build something.

4/ Okay, so if you want to make money, trading is super hard, you are trading against:
- Better traders than you
- People who can move markets
- Unknown information

And if you are trading with leverage you might blow up your account with the volatility.

5/ If you are not trading, you are investing. Okay, so what are you investing in?

I made the decision that the crypto with the best opportunity of existing in 10 years is #Bitcoin:
- Solves a genuine problem
- The right tech
- A proven track record

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IMPORTANCE, ADVANTAGES AND CHARACTERISTICS OF BHAGWAT PURAN

It was Ved Vyas who edited the eighteen thousand shlokas of Bhagwat. This book destroys all your sins. It has twelve parts which are like kalpvraksh.

In the first skandh, the importance of Vedvyas


and characters of Pandavas are described by the dialogues between Suutji and Shaunakji. Then there is the story of Parikshit.
Next there is a Brahm Narad dialogue describing the avtaar of Bhagwan. Then the characteristics of Puraan are mentioned.

It also discusses the evolution of universe.(
https://t.co/2aK1AZSC79 )

Next is the portrayal of Vidur and his dialogue with Maitreyji. Then there is a mention of Creation of universe by Brahma and the preachings of Sankhya by Kapil Muni.


In the next section we find the portrayal of Sati, Dhruv, Pruthu, and the story of ancient King, Bahirshi.
In the next section we find the character of King Priyavrat and his sons, different types of loks in this universe, and description of Narak. ( https://t.co/gmDTkLktKS )


In the sixth part we find the portrayal of Ajaamil ( https://t.co/LdVSSNspa2 ), Daksh and the birth of Marudgans( https://t.co/tecNidVckj )

In the seventh section we find the story of Prahlad and the description of Varnashram dharma. This section is based on karma vaasna.