Is this also a talent? (Currently -40% on blue-chip stocks)

Created at / Updated at
156.**.54.202   87   6   0  

I started investing in stocks for the first time at the end of May (the problem was that my CD matured and I got a lump sum of money T_T). I've been investing in Microsoft, Google, Amazon, Nvidia, SPY, QQQ, DRAM, and FLKR in my own way, but I'm currently down 40%.

It's honestly not easy to lose this much with blue-chip stocks. Looking at the details of the stocks I bought, my blunder was mindlessly buying on whatever day I felt like buying.

I should have watched the market a bit, buying when it dropped and stopping when it rose, but instead, I bought like 30 shares a day on days when prices were at their peak. On days when they were at their lowest, I would buy exactly one share. That's why my average cost for every single ticker is incredibly high. It's really hard to mess up like this.

Will these losses decrease over time? Especially SPY and QQQ. They say these go up in the long run. T_T

 



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  Comments 6
232.**.169.195 (Created at )   | Reply
Since when have DRAM and FLKR been blue-chip stocks? Gemini told me to sell those right away and only buy VOO.
53.**.200.82 (Created at )   | Reply
I have to wait.
123.**.6.228 (Created at )   | Reply
It was just bad timing; even if you got stuck in blue-chip stocks at the peak, time is the best medicine.
  119.**.51.65 (Created at )   0  
Don't worry if it's not urgent money.
154.**.35.36 (Created at )   | Reply
I bought Apple in 2014 and it was in the negative two years later in 2016, but now my returns are over 1,500%. If you bought it believing it's a blue-chip stock, just leave it alone and it will go up.
23.**.37.110 (Created at )   | Reply
If you're down 40% on blue-chip stocks, it will go above that someday. It's just that it will take a very long time...
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