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Anonymous
Anonymous asked in Business & FinanceInvesting · 2 months ago

Should I buy gamestop again?

I bought 9 shares of gamestop at 321.70, but after it crashed I lot faith and panic sold at 62.20, at first it seemed I made the right choice, even though it was a huge loss for me, because it continued to fall down close to 40, but now its on the rise again, and I am wondering, if I buy today will it offset some my losses?

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  • 2 months ago
    Favourite answer

    I can't tell you whether or not to buy GME again but what I can tell you is you don't need to recover losses the same way you lost them.  So I sold AAPL at a loss and then made it back with interest by buying something else and it only took 4 trading days from entry in order to do it. 

    Take a look around don't rush.

  • As the buck always rests with the trader, nobody can decide except the trader themselves; one thing to note is that good risk management is key – keep that under tight control, especially with such volatile situations.

    We have AvaTradeTV where I work, and we discuss stocks on a daily basis; I invite you to join us here: https://ava.trade/wqqMichaelCommunity Manager at AvaTrade

  • Anonymous
    2 months ago

    No go to one of the Cryptos you see rising let it sit a few days then try again with something else. That's usually how I get it back to even but it takes a few days. I just lost 25 percent of my money today on Gamestop not chancing it again it makes me nervous. I am glad I had a stop loss thing on there or I probably would have been down to like 325 from 600. 

  • Steve
    Lv 6
    2 months ago

    You sound a lot like a true gambler with a problem always looking to try to recoup what you lost. In my opinion, what is going on with game stop is a fluke. A fluke that is being driven by people who want to play, but have no real direction. Its too risky in my opinion. I think the only real life act that can get gamestop to gain real and not artificial interest would be a takeover or sell, but whod buy the company at this price? No one was a buyer at $3. Why would they want it at $150 or whatever it is now? This might yoyo for a bit longer, but its a gamble for real. Id move on and find something solid to buy.

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  • 2 months ago

    You've got to be retarded to want to own part of a company that is going the way of blockbuster and only has $5 per share worth of assets leftover for shareholders should it go bankrupt. You clearly do not understand the definition of overpriced garbage. 

  • Anonymous
    2 months ago

    Are you trying to be an idiot or are you trolling?

    Reported.

  • Anonymous
    2 months ago

    You're askin people on YA for advice about spending your money ... nuff sed

  • 2 months ago

    You need to buy while it's low and sell while it's high.  If I knew for certain which stocks would increase in value, I wouldn't be wasting time here.  I am willing to say that I believe that any gains in GME stock would be short-term.  With digital game sales sometimes being 90% off, the physical game market is limited at best.  In short, it's a gamble and up to you.  

  • 2 months ago

    Do you have any more money to lose? Seriously, unless you follow multiple stocks daily, or hire a broker to buy and sell for you, the whole thing is a gamble.

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