---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/42209085.md"
description: "$BitMine Immersion Tech(BMNR.US) When it comes to stock trading, you still need to have your own opinions. This stock is my most painful experience. Because I trusted a certain influencer and followed his analysis and advice, I kept investing in this stock as a future foundational financial infrastructure. I started building my position at $41, then sold stocks like NVIDIA, Micron, and TQQQ, and averaged down at $35, $29, $27, $23, $19, and $17 respectively. My final average cost was $29, and I increased my holdings from an initial 5,000 shares to 67,000 shares. Not only did I miss the huge rallies in TQQQ and Micron, but I was also fully invested and leveraged. Now I'm finally tasting the bitter fruit. Not only have I lost all the hundreds of thousands of dollars in profit I made before, but I've also lost hundreds of thousands of dollars of my principal. Most crucially, because I used leveraged margin, I'm being forced to liquidate positions every day. This is the most expensive lesson I've ever paid in my life."
datetime: "2026-06-25T15:59:29.000Z"
locales:
  - [en](https://longbridge.com/en/topics/42209085.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/42209085.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/42209085.md)
author: "[守正出奇](https://longbridge.com/en/profiles/12340094.md)"
---

# $BitMine Immersion Tech(BMNR.US) When it comes to …


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## Comments (19)

- **xiaohongluck · 2026-06-30T03:15:59.000Z**: I opened my position at 47, and it's quite a heavy one. However, it kept falling afterwards, and I didn't add more. Sometimes I think about averaging down when it drops to lower the cost, but encountering this situation is simply a disaster. I relied on other stocks like nbis, TSMC, these AI stocks 
  - **xiaohongluck** (2026-06-30T03:30:09.000Z): Selling profitable ones to cover losing ones is indeed a huge mistake.
- **绣春刀 · 2026-06-27T00:14:26.000Z**: Adding to positions against the trend, I deeply felt what you're going through last year with UnitedHealth. At that time, tech stocks kept hitting new highs, and I was fully invested in UnitedHealth, getting beaten up every day.
- **Antik10 · 2026-06-26T17:04:21.000Z**: Seeing your post, I feel very heartbroken 🥹, hope you can pull through, boss.
- **长线投资-期待退休 · 2026-06-26T07:01:41.000Z**: The weakness of human nature is to easily sell profitable stocks to cover losing ones, hoping they will rebound. Investing requires going against human nature, it's so hard😂😂
- **CS7 · 2026-06-26T06:22:21.000Z**: Longbridge community's influencer
- **Moderks · 2026-06-26T03:22:50.000Z**: Did you watch "Tui Yan Tian Dao"?
- **Lemon路 · 2026-06-25T19:23:30.000Z · 👍 1**: My cost basis is 38, but I have no leverage. I plan to use all my cash to average down when it drops to 10 yuan, then turn off notifications and stop looking. Yaren's logic is sound, but not buying at the right time is just being unreasonable. The market is always right.
  - **期权卖方持续收租** (2026-06-26T02:01:26.000Z): You can't use long-term logic while constantly telling short-term stories. Doing extreme scenario analysis every week, if not for short-term speculation, then what? This stock has been falling for a w
- **AceFantasy · 2026-06-25T17:42:18.000Z**: This stock has no bottom, stay away. There are so many good stocks.
- **Antik10 · 2026-06-25T17:17:38.000Z**: Stay alive, don't leverage up anymore.
- **絆。 · 2026-06-25T17:03:06.000Z**: Survival is success
- **想看富兰克林冲我撅嘴 · 2026-06-25T16:42:33.000Z**: I forced myself to cut losses when I was down 3%...
  - **守正出奇** (2026-06-25T16:45:46.000Z): Your plan is very good, worth learning from and studying.
- **Marco Xiong · 2026-06-25T16:29:20.000Z**: Don't sell profitable stocks to average down losing positions
  - **守正出奇** (2026-06-25T16:39:31.000Z): I also deeply regret it; I should have admitted defeat and closed my position earlier, then I wouldn't have ended up in this situation today.
  - **美股的交易员** (2026-06-25T23:05:24.000Z): I bought 5 shares last year to see how disgusting it could be, and it actually lost 60%
  - **美股的交易员** (2026-06-25T23:06:12.000Z): Lost 73%