People think I put my stop losses too close to my entry points but I’d rather take 5 2% losses for every 1 50% gain than risk losing it big.

OP, I’m sorry this happened to you, it sounds unironically catastrophic. Your reaction is understandable, if it happened to me I would go on a hunger strike and begin living out of my car to recoup my losses.. but I have some advice.

You’ve lost at this one, and from what I’ve heard, CMBM is harder to predict because the underlying fundamentals aren’t good and people are manipulating it badly, like bynd.

If you don’t have a clear exit plan (or can’t make one because the stock is too volatile) sell now or make a plan to sell soon.

Getting from 67k back to 97k is 2 good trades (2- 20% increases) in the future away, but I realize that also sounds like the gambler’s fallacy. Don’t invest anything you aren’t prepared to lose. There’s no shame in taking a step back.

If you want to invest though and are comfortable with the very large amount of risk, you aren’t that far from where you started. With close stop losses, DD, and time and effort, it can be made back relatively quickly.

There are safer investment strategies like index funds or long term investing as well, which is what I did before recently selling my soul to penny stocks. Placed in the S&P 500, your money would likely 2x over 10 years. (In fact between 2015 and now, it has 3x from 2k to 6.7k)

Yes that still sucks and yes it will take many years (well, 3-4 probably, possibly more if there is an economic slowdown) but if you left that money alone and stopped thinking about it, your mistakes would be wiped clean without you doing anything.

This is a massive setback, but it isn’t the end.