$Top Ships (TOPS.US)$ Bought in at $0.24 and heard some nega...
$Top Ships (TOPS.US)$ Bought in at $0.24 and heard some negative comments on it. I believe I might lose some money and gain a lesson, but that's fine. I will continue learning and become more skilled.
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sarcasticJD : just let it sit. it shouldn't drop lower, and could potentially get much higher.
MrGreedy : Why do you want to sell in lose just leave it there
Aydin Yilmaz OP MrGreedy : I am new to trading, when I see the price dropping I can't help thinking of selling it, essentially, I don't havev enough research on stocks I bought and easily got overwhelmed by news and price. And there are some trategies suggest to lower the cost by selling positions and buy back in. I know I can't handle this on my level right now lol
Aydin Yilmaz OP sarcasticJD : thank you, seems I should not check too much negative comment on this stock, will hold and wait.
MrGreedy Aydin Yilmaz OP : NEXT TIME DON'T SELL ON LOSE THAT'S THE ONLY WAY YOU'RE GOING TO LOSE MONEY
Mark Padilla : haha taking loses is all apart of learning. You didn't lose money you gained experience. When you buy into a position without a consolidation point you can always average down to reduce ownership value. a good strategy is to buy the dip(decline: Consolidation) this is especially true when the chart shows it has a pattern of it reaching support(vertical line beneath the graph in which is typically does not pass) and then jumps back up. What you do is find a chart with this pattern and look for it to consolidate and wait for a flagpole like candle to form with volume. This will let you know that investors are in and there's a high probability it will rise. My best advice is to reach out to many of the more experienced trader here such as @KnowledgeIsPower and ask for advice/red his previous posts. Best of luck and do not be discouraged to be a winner you must first be a humble loser. Cheers!
Aydin Yilmaz OP Mark Padilla : Thank you sir, people on this platform are so nice and helpful, I will learn and ask more questions, good luck to you, too.
70093303 : Dont sell
70093303 :