Oh, I wouldn't do that. I used to take that kind of risk, but that's not something I'd do. I do concentrate in a few stocks, and I watch them like a hawk, but one stock is risky because, unfortunately, it's not "just about the science". There are so many factors, including the way the shorts can do these companies in, takeovers that come out of nowhere for cheap, etc.
What I do, because I have some that are not so painful, is that I'll take some profit and losses on two stocks, during a period that is anticipated to be quiet. It's a gamble, but you get your money back, to a degree, with lower taxes, and I've often waited until a stock hits the lower levels before I get back in.
I've learned over the years. I don't do the options trading thing. I think it's way too risky. But, I do consider the shares a bit like ownership of a commodity, when a stock is in free fall like this one has been.
Have you looked at some other stocks to spread your risk? I get the, I'm all in here, notion, but seriously, I'm a believer and I'm not all in here. Or indexes?
I'm no financial advisor, but I've liked QQQ, when it's down and the markets are down. But it's also volatile and goes down hard at times. Also, I like similar stocks in a field of stocks. So one can compress all the learning that comes with one stock, into a related field. So you might get bits and pieces of immunotherapy stocks, but ones that are close to release of pivotal data. Or you might focus on cancer stocks. Of focus on stocks with the new RMAT status from the FDA. There are many ways to skin a cat. I understand your excitement, but I've learned to save my cash when stocks are in a decline like this, and accumulate at the best price possible, so long as I'm confident in the stock. If I lose confidence, I'm out and gone. Period.
And you could still have great technology and go kaput or just not have a successful investment experience, while others who also invested, but did it differently than you did, make a lot of money. It's challenging. Good luck! But I would encourage you to consider some diversification. It can still be in volatile, big play stocks, but they are a counterbalance to these ups and downs.
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