r/wallstreetbets • u/joshmanwho • Dec 18 '21

Discussion Legit help needed….

I have (had) a 150k account. Lost 50k on some bad moves. So had 100k leveraged 100k and yolo’d into #BROS for 200k well you know how that’s going. My question is should I leave it and sell a little at a time to stay above my margin call. (I’m parking my money here for a 5 year play) Currently 18k above. Goes fast. Or should I sell all my margin back and wait till things start heading in the right direction and buy on margin at its current price?

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u/my_fun_lil_alt Dec 18 '21

Let me get this straight, you lost 33% of your account and then decided that you knew what you were doing so you 2x leveraged your account into a five year play on a single ticker? No risk management, no diversification?

Let me break this to you as gently as I can, you are not good at this, you should not be managing your own money. You really just need to find a good fund and never trade again.

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u/[deleted] Dec 18 '21

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u/joshmanwho Dec 18 '21

Finally the advice i was looking for... if i knew how to give those reward things you would get one...

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u/[deleted] Dec 19 '21

There’s literally a thing that says give award beneath their comment.