July

>putting 100% faith in random people on the internet

Honestly man you should just quit investing. Just give your money to a broker that knows what they are doing.

give it a month or so.

also, post proof of the loss.

do the opposite of what Veeky Forums says..

Are you retarded?

I used to do stuff like this then tell people about it (complain)

Hearing the following typical response was like listening to a cunt speaking and I hated it but it's truth:

"Live and learn." or "That's why it's called gambling."

One of the worse things you can do is throw it all away in biotech without learning anything. I guess if you wanted to do that with a similar approach to your MGT trade, there is a much smarter and safer way.

We all want to be a huge genius and make massive gains on 1 stock by loading up on it and expecting it to skyrocket shortly thereafter. The reality of it is that this is very unlikely to happen. A better approach is to make a list of at least 10 companies. I like to pick biotechs that have been recently trounced but also have lots of cash and more importantly something else going for them in their pipeline (IE another drug in advanced trials at least phase 2)

Then put something reasonable like 500 bucks in each one. That way you don't have to look at it every 10 seconds and you don't need to use stop loss.

Once I make a small purchase I also like to put in a limit order to buy another $500 at a much lower price just in case it the market decides to whack it again.

If one out of those 10 companies decides to go up 500% then 5 of them could go completely bankrupt and you'd still break even.

Never buy a piece of shit thinking it will turn into gold in a few months. The best you can do is wait for it to appear to glimmer with a questionable sheen as shit sometimes does a day or two later, then pawn it off for a nice gain before it dries up.

I cant even look at how much I actually lost. Here is the buy thingy though

How do you research these stocks? How do you find out which ones are in like P3 of drug trials?

>what the FUCK do I do now.

Learn a valuable lesson about not making decisions based on panic.

Use a stock-screener typical to any software or finance website. I arrange them by market cap, pe, daily % change, etc.

The key is to actually look at as many companies as you can. Go to their website and check the current pipeline. Glance at their financials. Be aware of any upcoming events like topline data or need for cash. I avoid putting even $100 into a company that is running low on cash even though piss-poor biotech surprise the fuck out of me occasionally...

>mfw nobody believed me when I said buy SRPT
WHO'S LAUGHING NOW

>decide to not check the price or my broker account for a few weeks
I hear the best traders use this strategy

Treat MGT like a crazy ex. Immediately delete MGT from all your watch lists and never check or think about it again. Trust me you do not want to see it go back up 100% if that happens...whenever it crosses your mind just think about how shit it was and that it's probably gone bankrupt.

I love this board. You clueless NEETs are hilarious

>mfw taking out loans with my bank so that I can fucking buy more MGT to lower the average cost to nearly $2.00 instead of where I was sitting at $3.80

I took off work. I'm watching this bastard like a hawk until I fucking break even.

You should have cut losses quickly

Or not put your money in a shit show. Mgt is so scammy looking

Just look how much mcafee paid for the products they have which are basically free. To many kickbacks to management seems roachy to me...

wow.......this is a new low, even for Veeky Forums.....

serious advice: don't do anything for a week. no trades, nothing. take a full 7 days to think about and analyze the mistakes you made here. make it your goal to eliminate as much emotion as possible from your trades.

You are just so stupid that's all I can say.
geoinvesting.com/mgt-sec-needs-stop-halt-circus/

And this article was published in may, why didn't you do any research before investing ?

I just thought the people who said MGT was gonna go up did research.

Dude.

You only lose money when you sell. Why do people panic like this? Just wait and 90% of the time the stock will go back up.

MGT is gonna be at 3 or above within 3 weeks and it will start all over again.

Sorry bro but you made some dumb calls. It bears repeating: BUY LOW SELL HIGH.

jeez.

Lel it's been proven that brokers don't know what they're doing. the only broker I would trust is Warren buffet and bill gates.

OP MGT fell too far. It's going to rebound. Wait for the monthly chart to show any signs of recovery and go in.

So you panicked and sold...

I bought back in when it passed 2

Y-you?

>Just wait and 90% of the time the stock will go back up.

Desu, stupid advice. That figure is not remotely true.

No you didn't think at all

are you trolling dude?

Okay I'm done

I know im fucking retarded but I thought that when it passed 2 people would regain confidence and buy back and it would shoot back to 2,20. I dont know if I should sell now or hold through the night.

Dude its being investigated for securities fraud, do you read the articles?

Also from a technical standpoint it has a better shot at testing $1.50 which I guestimate as next level of support after falling through the floor than it does going back to $3 but gl anyway.

Don't feel too bad

Bro that happens all the time. Buy low sell high. Most important truth.

While MGT is a worthless meme stock, its not too late.

Buy the dip (average down) and at some point MGT will be considerably higher than it is now. Then you sell

You prolly wont get all your money back, but at least that way you will have curbtailed most of the money you lost.

Because, as stupid as you were, there are still plenty of fools out there waiting to lose their money on this trash.

Always assume the possibility of losing it all. If you can't afford that don't do it.

This is such basic shit, how the fuck are you alive?

>You only lose money when you sell
Lol.
Or when the stock goes to $0.

>what the FUCK do I do now.

Quit buying shit shilled on Veeky Forums you fucking retard.

HAHAHHAHAHAHHAAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHAHAHAHA

MGT is finished in my opinion. No profits and no products, it was due for a correction. It's only pennies away from being taken off the exchange.

Stocks don't often go to 0

jesus... go play EvE online. Learn some basic money management 101 in space.

rule one- Don't fly what you can't afford to lose.
guess what, that applies to real life.
Don't buy what you can't afford to lose.

Yeah, companies never go bankrupt.
I can't tell whether you're trolling or just incredibly stupid/naive.
Wait. Yes I can.

MGT still has their bitcoin farm w/cheap hydro power
MGT still has their high profile advisory board of bitcoin insiders, black&white hat hackers, etc.

The potential for this to rebound is too good not to get in now...

I laugh at how stupid you are.

NOFX - "White trash, two heebs, and a bean": Track 7

Did you jump in anons?!?

YEAH FUCK YOU JUST SOLD MADE 40 CENTS PER SHARE OFF AVERAGING DOWN

FUCK YOU HAHAHAHA