Jul. 22 at 9:55 PM
$SPCX I am no financial advisor but I have done this in the market many times. Sometimes I jump in high. I stupidly jumped in
$HOOD at
$140, and when it hit
$70 was stuck. Lost 50% of my investment. Then the entire market crashed, except
$HOOD was so low, it did not crash with market other than a few dollars. This may happen with
$SPCX I sold HOOD to buy during a crash and buy
$SPY when it dropped too low, way too low. So I jumped in at x2 ETF on spy. Why? Because although HOOD would eventually get back to
$140, a year or 2 from now, did I want to hold that long? Nope. But I knew SPY, hate it or love it, will get back to levels it was way before HOOD would. I repositioned and it wiped losses. With
$SPCX I would look to do this. Hold and maybe it goes up to
$200 in a few years, maybe if they start creating GPUs or something astronomical, or buy
$SMCI I just do not see it going back to
$200 any time soon. I'd buy in a small position @
$80, maybe.
