$21,000 GPN position

Yep, that's pretty much it.

Because you typed that if a house is worth 300K, and you come to the house and offer to buy it for 10K, that somehow it has lost 290K in value. Really dumb thing to say, because it makes no SENSE.

Edit: Oh, I see, you were refuting VZ's point and were asking rhetorically. My apologies.

 

Glad to see you finally decided to read what was being said and proved my point in the process. So is there a prize you're going to get when you get to like 50k posts, that's why you just post stuff without actually paying attention to what you are responding to?

And you're the one with the chutzpah in spades. Apology accepted.

 

You would not even get near such house because you would he far away from the best bid/offer, aka market.

Clearly you don't have a clue what you are talking about. Nobody who ever managed risk thinks that an unrealized loss is some unreal and randomly driven phenomenon.

Nevermind, I regret I brought up this issue. Not worth my time.

 

you will be wiped out by the end of this head and shoulders.

 

Nobody... Nobody..??. Really. Only except maybe one of the best investors of who ever walked the Earth, maybe you've heard of a guy called Warren Buffett.
https://www.yahoo.com/video/warren-...-a-mess-of-berkshires-earnings-142751564.html
“Our advice? Focus on operating earnings, paying little attention to gains or losses of any variety.”

 

I would suggest becoming more familiar with head and shoulders. Assuming you were right and these levels were a part of a head and shoulders pattern then the downside target of this chart would be -$20.

 

@M.T. Valencia
Do you have any type of risk control in place?

 

Good question.

Yea... Don't go nutz on margin. You ever owned an option that never expired? Owning stock is like having an option that never expires. You can exit the trade anytime in the next 50+ years.(assuming no bankruptcy). Now put that stock purchase on margin and the brokerage company might tell you when you have to exit if the position goes against you enough. If I don't use margin then I decide when I exit.

Also a new risk control I have... is not to buy stocks Cathy Woods has in her Innovation ETF (ARK) without doing my own due diligence. As you can see in my portfolio I show, just about all those tiny positions that are down are stocks I bought because I hopped on the ARK Train.. That was a mistake, fortunately I payed cash so now I just have to sit and wait.

 

You know that Buffets number one rule is "Don't lose money"

 

I wouldn't get caught up in the sunken cost fallacy. IMHO you'll lose out due to opportunity costs. I'm not saying dump it/them, but beware.