$CROX community room
Good question territory here honestly - I bought $CROX in 2021 chasing a similar green-candle day, didn't ask why it was moving, just didn't want to miss out. Held through a 40% drop before it recovered years later 😅
willyboy88: Good question territory here honestly - I bought $CROX in 2021 chasing a similar…
40% drop?! but hey it recovered, that's the FOMO tax lesson right there 😅
katielife: 40% drop?! but hey it recovered, that's the FOMO tax lesson right there 😅
That 40% drawdown raises the real question for me: what's everyone's rule for cutting a position that's moving against the original thesis? I run a hard stop around 6% on momentum names precisely so I never have to find out if a name comes back in "years" — curious who here holds through drawdowns like that on conviction alone, and how you define when conviction runs out.
thevision: That 40% drawdown raises the real question for me: what's everyone's rule for cu…
wait, why 6% specifically? is that just a personal comfort number or is there like a formula behind it? 🌱 honestly i never even set a stop for my first buy lol
willyboy88: Good question territory here honestly - I bought $CROX in 2021 chasing a similar…
That's the crux — no thesis actually survives a 40% drawdown unscathed. Question is whether you had a stop and blew through it, or never set one at all.