Marius looks around the room. He and his friends dared to dream and fight back. They fought bravely and with justice in their hearts. But they were brutally cut down. All his friends are dead and gone. He wonders if all their efforts and talk of revolution were for naught. And really there is no answer.

I think back on how many revolutions, no matter how just, were crushed by sheer power. The Arab Spring and Hong Kong protests come to mind. And I think that’s what happened here in the markets.

I finally tapped out and sold my GME, AMC, and NOK.

Sold:

120 shares of Gamestop at $59.40 (loss of 80% or $30,400)

4000 shares of AMC at $7.265 (Gain of 59% or $11,000)

4000 shares of Nokia at $4,361 (Loss of 15% or $3,120)

Total damage is about USD $22,500.

Sorry I couldn’t be diamond hands. Holding on to GME and AMC was sucking up too much of my time and emotions. But now that I have sold, the market will finally be able to turn around.

I have always shared my transactions honestly, good or bad. And I’m not going to lie, it is painful and humbling to endure such losses. I would want to go over my thoughts on this, but its almost 4am.

Going to try now to get some sleep.

4 thoughts on “[Premium] Empty Chairs at Empty Tables

  1. It’s okay. There is at least a gain! It’s better to let these go instead of holding on. Not good to be stressed over this. Health is more important. Have a good rest!

  2. Toldcha.

    Why izit you’re able to sniff out salesmanship & snake oil from banks, RMs, property agents, insurance companies, insurance agents, Sim Lim Square salesmen etc etc etc …. but when it comes to anonymous people on the net extolling “fighting against injustice” you fall heads over heels for it???!??!?!?

    Yeah, *everybody* is fighting for something …. and that something is Numba 1.

    1. Lesson learnt. In the end its a dog eat dog world, and words of revolution were empty. Painful one, but something I will try not to repeat again. Count myself lucky to be able to walk away

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