Cole's avatar
$1.3m follower assets
Mistake 2022 Follow-Up
Sold almost completely out of $LMND to avoid devastating margin call. It’s one of my largest positions (as of before this trade), extremely volatile, and I anticipate it dropping post-earnings. Literally can’t afford the drop, so here we are.

Still believe in long-term prospects. I think Ray Dalio is the one who said mistakes are inevitable, but you don’t want to let them knock you of the game. This is the logic I’m leaning on here.

Will buy back in as soon as fiscally possible (which could be soon, if the stock truly tanks). Not owning a stock like Lemonade is like a carrying a splinter under my fingernail, but this is necessary, if not ideal. (:
Dissecting the Markets's avatar
You bought $LMND on margin?