Looking for some advice because I’m honestly too emotionally invested to think clearly.
About a month or two ago my portfolio was around $11k. Now it’s worth about $7k, so I’m down a little over $4k.
My biggest position is LUNR. I put about $6,500 into it at an average of $22, so it’s by far my largest holding. I also own some RKLB and a few other stocks.
I don’t need the money anytime soon and my plan has always been to invest for at least 5 years, but seeing this kind of drawdown has definitely messed with my head.
Part of me keeps thinking that if LUNR can eventually get to around $26, my whole portfolio would basically be back to break-even. I don’t know if that’s a reasonable way to look at it or if I’m just anchoring to a number because I’m down so much.
If you were in my shoes, would you just hold and stop looking at it? Keep averaging down? Or accept that the position got too big and start diversifying?
I’m not looking for people to tell me everything will be fine. I’d rather hear honest opinions, even if you think I screwed up.
EDIT: Just to clarify, this isn’t my entire portfolio. It’s just my **space, aerospace, defense, and related technology** portfolio, so it’s intentionally concentrated.