I bought 2000 shares of FAZ on Friday. Used margin and all the money I had. I can't eat or sleep. Just sitting here and staring at the screen and not able to into work.
Please help someone.
I just took a long walk trying to figure out why I am thinking the way I do. No position in Faz but other crap I am in isn't doing well.
I must be gullable and just plain stupid for listening to the CNBC Doom and Gloom of the past 3 weeks.
I think short term we are definitely going up but by short term I mean weeks not months. Yall gotta diversify so you can keep in the game. That being said you are certianly not the only ones in a bad position... I have been there myself and it took a few times for me to learn my lesson but I think I did eventually.
Good luck and remember you can always count on change!
You should have bought 20 FAZ July calls instead... much less downside risk and much of the upside if you were right. Using margin on one security is stupid. When it is a 3x ETF, it is extra stupid.
Thank you Guys. It's nice to know I am not alone because I feel so terrible and feel like I am the only one who is this stupid especially after 10 years trading. I never really made any money to be honest.
Thanks again guys. I have so many things to do and can't move. I have missed appointments and let people down. I am really depressed.
Please keep this thread alive and hopefully it can bring some support and comfort to those of us paralyzed with fear, sadness and total discouragement.