Can someone who knows a lot about wash sales please take a look? I want to cut losses on part of my Micron shares.

Created at 149.**.48.165 263 13 0

I asked Gemini, and it said that doing a partial sale today won't trigger a wash sale... Can Gemini be wrong too?
I started buying Micron on June 26th, and bought more on June 29th and July 1st.
The last time I bought was July 1st, and today is August 11th, so Gemini says it's fine as long as I sell today and don't buy Micron again within the next 30 days.

As far as I know, since all the purchase dates fall within a month of each other, I thought it would trigger a wash sale.
I bought in at such a high point that I am currently down nearly $30,000.
If I could sell about half, I'd like to just cut my losses on half and hold onto the rest, but I haven't been able to sell because of the wash sale rule.
Taking a full $30,000 loss is too overwhelming to even consider.
I just want to realize a loss on about half of it, around $15,000—is this possible?
Could someone who knows a lot about wash sales please advise me?

 

Tags Gemini Wash Sales Facebook X
Comments 13
12.**.57.223
OP, what you originally knew is correct. It is not that you won't trigger it as long as you don't buy within a month after selling at a loss; all shares bought within a month prior to the purchase date of the stock sold at a loss are also subject to it. In other words, if you sell everything at a loss and do not buy again within a month, you are fine, but if you have remaining shares, you need to consider them.
129.**.13.101
Can't you just choose and sell them by the date they were bought?
36.**.149.33
Right? What I know is correct, right? If anyone here has tried selling with a partial stop-loss, I'd appreciate it if you could leave a reply. Sigh ㅠㅠㅠ Seriously, if I just leave it, my losses keep getting bigger... Fortunately, it went up $7 per share today. I have 110 shares, and I really don't know what I should do...
115.**.9.94
It's turning positive and rising right now... I think it would have been better if OP had waited a bit before selling.
126.**.143.48
This is a time to buy or rebuy at the dip, not to cut losses. Regardless of the money, if you're experiencing this much stress, you won't be able to hold semiconductor stocks long-term. Look at how MSFT and PLTR jump overnight. MU will hit $1200 in no time.
248.**.199.67
Honestly, I'm also heavily invested in memory, but I'm just waiting and watching for now. I want to tell you not to sell right now, but... it's frustrating that I can't say it.
63.**.144.211
I cut my losses and got out of MU a long time ago when it was crawling at the bottom for ages and barely hit $1,000... sigh... still ㅠ.ㅠ
121.**.208.67
If I had known earlier, I regret it so much that I didn't sell some a few days ago. ㅠㅠ It even broke 850 today, so it's so upsetting to sell now. I should wait a few days and sell about half when it rebounds a bit. Buy back within a month? I don't even want to look at Micron ever again. I'm never buying it again.
133.**.12.228
If you're not going to buy it again, it shouldn't matter even within a month, right? It's just cutting your losses. You just shouldn't buy it back.
223.**.227.42
Even if it drops further and you buy again, it's just that the loss from the previous sale won't be processed as a loss, but it won't affect your trading.
140.**.37.246
It seems like you only need to be careful with the wash sale rule when you want to get a tax benefit because the loss is large; other than that, you don't really need to worry about it and can just sell and buy whenever you think it's optimal. The apparent average cost is just a number, and the actual profit or loss is the same.
142.**.182.47
As Gemini said, I understand that you just need to sell and not repurchase within a month.
178.**.138.91
It's okay.
You just need to sell today and not buy within a month.
Similar posts
  1. What a shock 😭 Google is down 4%: AI leadership has left again
    2246
  2. The biggest problem with AI right now
    24312
  3. If you have many stock wash sales and high trading volume, will the IRS audit you?
    2757
  4. Is the reaction to the new Gemini model not very good...?
    1451
  1. XRP
    2989
  2. Semiconductors are now meme stocks.
    28814
  3. Between GOOG and GOOGL -thank you for your answer-
    2237
  4. Micron 😭
    26711
  5. The one rising in the midst of all this...
    2566
  6. How long will AAPL keep falling?..
    26813
  7. Dram. Koru average price. $68.$34
    2326
  8. Is SpaceX a stock that will move in the same sector as data centers and semiconductors due to AI?
    2581
  9. Do you think SK Hynix will keep going up in the future?
    2552
  10. What should I do about AppLovin...
    3568
  11. Please give me some advice on my case as well - it's been about 1 month.
    2278
  12. PLTR put options I tried out of boredom
    2294
  13. It's fun watching semiconductors go up.
    2305
  14. Wow... to be on an upward trend like this....
    22114
  15. Among .ram, koru, snxx..
    2284
  16. Oil prices and treasury yields are rising too much...
    2504
  17. My average purchase price for SanDisk is high, so please advise whether I should buy more to average down and exit, or if it is better to just stay put.
    2336
  18. The semiconductor boom is now over... What will be the next sector?
    2375
  19. I sold Lucid today 😭 I did the right thing, right?
    1991
  20. I'm struggling with FOMO. I wonder if I'm making a mistake in judgment right now...
    23110
  21. Looks like another week of a bear market is starting.
    20611
  22. Strait of Hormuz Update
    43511
  23. FOMO is hitting me hard. I wonder if I'm making a mistake in judgment right now...
    2312
  24. What should I do with my tax-advantaged account? I need to average down with $15,000.
    247
  25. SPCX rising for some reason
    26110
  26. Is long-term investing the answer for SNDK and MU? 😭
    22717
  27. How to secure cash at the peak
    22112
  28. MU, DRAM
    23815
  29. Palantir average cost of 170. Is this what pure gambling feels like?
    26410
  30. Tech stock allocation ahead of retirement
    22211
Recently updated
  1. Whoa.. why is Google plummeting and Microsoft rising after hours??
    425
  2. It is so hectic after the market close today.
    44
  3. Fed Holds Rates in a Hawkish Pause: Why December Hikes Remain on the Table
    44
  4. Today's PLTR Situation
    125
  5. Microsoft Beats Q1 FY27 Estimates as Azure Revenue Reaches $33.2 Billion
    601
  6. I hope BE's earnings turn out well...
    888
  7. SOXL
    712
  8. I am trying to sell QQQ on Robinhood by tax lot.
    554
  9. Moderna
    984
  10. I hear news of a merger between Tesla and SpaceX...
    1033
  11. What are you putting in right now??
    17017
  12. When the Fear and Greed Index reaches around 15
    1312
  13. The market closed at a level that is neither support nor resistance..
    964
  14. Let's each write down just one stock that's giving us the hardest time right now.
    24513
  15. SOXL
    2555
  16. I am heavily stuck in KORU.
    905
  17. News: Anthropic signs multi-year cloud computing deal with Iren
    3454
  18. Proof that I'm all thumbs... T_T
    27112
  19. I received a postcard from the court asking if I'm going to join the lawsuit related to CRON.
    143
  20. Tatsuro Kiyohara [My Investment Method] How Individual Investors Win: Pull Out of Someone Else's Party
    107
  21. When would be a good time to invest $30,000?
    1105
  22. Stéphane Bancel on the Urgent Healthcare Crisis of an Aging Population
    569
  23. XNDU (Xanadu Quantum Technologies), a quantum computing company
    1461
  24. How about around $1,000?
    2032
  25. JEPQ or QQQI?
    1028
  26. Today is a holiday, what are you guys getting into?
    28213
  27. It's suddenly plummeting, what's going on?
    10520
  28. From AI to SI: What Elon Musk’s New Company Naming Strategy Really Means
    197
  29. Why does IREN keep going down?
    2004
  30. Honestly, the only reason people can't make money from stocks here is because of greed. I seriously don't get it..
    11011