Thanks a lot Arindam! Yes, I am trying hard to clear that from my mind, and I still am a long way away from being able to pull that off.
With regard to tax loss, unfortunately, I don’t think that will ease the pain as the loss is huge…I managed to put my lump sum into stocks at the worst possible time, and in the worst category of stocks ( Right at around Feb 2021, after everyone and their mother had made a lot of money off the pandemic the year before and now had started shorting or at least pulling money off the table… there I was admirably picking those very garbage stocks, putting all the hard earned money into those stocks…You cant make this stuff up. I am at a loss to understand how I managed to (mis) time it so well, but it sure has to be rank as one of the worst possible timing ever! In my defense, I knew nothing…but then thinking about it, then I had no RIGHT to put all those money into those horrible stocks, if I knew nothing).
I have tried to learn since then…I think I know a little bit now…But my biggest weakness is that in spite of seeing the writing on the wall in 2021 mid to late 2021, I was not willing to sell and come out. IF I had done that, trust me, that would have been the happiest loss that I could have taken…my losses since then have tripled or quintupled, because of my inability to accept what my brain could foresee but heart just couldn’t accept!
But yes, you are absolutely right. I really need to clear my head and start fresh as what has happened has already happened…I am trying…I am really trying!!
And thanks again Arindam…you and Quill and several others have helped ease the pain by teaching something new…Hopefully I get a chance for redemption!
Charlie