Just a little bit more and I'll be in profit again 🙏 Nio $NIO gained 8.18% after yesterday's rally, almost +25% in the last 5 days, and we are approaching the $10 mark (my average buy is around $11).
This brings me to a general question - How long does it take you on average to "sit out" a losing position, and what stock did you wait the longest on?
I'm averaging $21... so I'm thinking of knocking it down some more... but I'm waiting for a drop.)
I'll see myself out 😀, American Airlines with an entry price at $30 in 2019, a while before dropping and gradually dropping to under $10. I didn't sell and only diluted my position at $10 in the larger one, so I'm still waiting.
I've been watching it there, they've had some pretty tough years now, fingers crossed you make it out 🤜🤛.
As I recall, it was Nvidia last time where I waited over a year and just watched a massive loss in the high teens percent range. However, I didn't panic and kept regularly re-purchasing because I trusted the company. That's what has worked for me this year too.
But it's not that long, I've been in Nio for over a year now too, except for brief periods when I go into the black and then down again :D
