4 ms·
Thinking I could time the market after a big drop on IPO day (thinking maybe it'd rebound - which it did but then subsequently dropped and dropped and dropped).
by bradlys 4y ago
Thinking I could time the market after a big drop on IPO day (thinking maybe it'd rebound - which it did but then subsequently dropped and dropped and dropped). Should've just gotten access to my stock ASAP and sold everything. Instead, I let it drop so far over 6+ months that basically got less than what I put in to exercise the options + AMT. This holding mentally came because I didn't actually need the money so I thought letting it sit would be beneficial (don't time the market) but holding all that in one stock was foolish and I wish I had better peers around at that time who forced me to sell. Instead, everyone was saying to hold. We all lost a lot of money over it.
The divorce didn't help either but I don't know if I regret that so much as had no real recourse about the whole situation. (My ex decided she no longer wanted to work and we split up over that)