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1 week Sometimes it’s good to turn off news and go with your gut Reddit     

I remember back in May I put 100k of my life savings into NIO at $4.50 a share because I had a feeling it will have a run up like Tesla and it just wasn’t caught up yet. I was betting big on it despite the company losing so much cash.

Then the big media started releasing news that Chinese companies will get delisted from US stock exchanges because they don’t report financials based on US GAAP. I got out taking a 1-2% loss.

It hurts so much to see it run up so much. I would have made enough money to buy a nice 2br townhouse all cash in my expensive city. But here I’m recently got laid off because of Covid and want to cry ๐Ÿ™

submitted by /u/detectivepayne
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