How did I deal with losses?
I will first figure out what went wrong.
If the fundamentals of the stocks are still intact (no adverse issues affecting the long term earnings and growth potential), I will actually buy on the dip and accumulate more stocks. If I’m already very invested in that stock (beyond the set % in my overall portfolio), then I will just not do anything and just go take a break from monitoring the stocks. They will eventually come up. However, for some speculative stocks, I will just bite the bullet and cut losses which I did on a few occasions. Painful but can’t help it. Then I will go buy something else better on the dip to make up the losses. This is my logical mind talking which would help me manage some of the pains lol 😂. Sometimes may get stressed and end up buying something wrong 😑. Have to remind myself to stay focused - eyes on the prize 😊
If the fundamentals of the stocks are still intact (no adverse issues affecting the long term earnings and growth potential), I will actually buy on the dip and accumulate more stocks. If I’m already very invested in that stock (beyond the set % in my overall portfolio), then I will just not do anything and just go take a break from monitoring the stocks. They will eventually come up. However, for some speculative stocks, I will just bite the bullet and cut losses which I did on a few occasions. Painful but can’t help it. Then I will go buy something else better on the dip to make up the losses. This is my logical mind talking which would help me manage some of the pains lol 😂. Sometimes may get stressed and end up buying something wrong 😑. Have to remind myself to stay focused - eyes on the prize 😊
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