How do one deal with losses?
Losses attributed is always inevitable not just in investing for this case.
Any businesses also bound to have looses along the way, when one profits there is always eventful incidents along the way that will incur losses.
Thus, I personally feel it will be up to individual how they see losses & manage their expectations.
Definitely for those whom have high buying power or money put on the table that they can hold longer even if prices dip below their on hand stocks prices. Things may eventually turn & flip & one will still profit.
Next will be cutting losses, lossing a little fair bit when one has a foresight that the dip will go further, the marginally losses will eventually turn to a much profitable investment in the longer run meaning the further it dip & the climb later will grant you the bigger profits.
Be focus & buy the stocks & companies that you love to hold even if it is dipping because you did your homework & you know they will climb again making you assured that you are confidently into the game.
Thus I belive one holding power, the cash investments & also timing when to buy or cut losses & re-investing on your favourites stocks will eventually bring you to the right path. Always remember what goes down, it will goes up again.
Hope that my thoughts & my way of perspective can help our fellow mooers here & happy trading & Stay Safe.
Any businesses also bound to have looses along the way, when one profits there is always eventful incidents along the way that will incur losses.
Thus, I personally feel it will be up to individual how they see losses & manage their expectations.
Definitely for those whom have high buying power or money put on the table that they can hold longer even if prices dip below their on hand stocks prices. Things may eventually turn & flip & one will still profit.
Next will be cutting losses, lossing a little fair bit when one has a foresight that the dip will go further, the marginally losses will eventually turn to a much profitable investment in the longer run meaning the further it dip & the climb later will grant you the bigger profits.
Be focus & buy the stocks & companies that you love to hold even if it is dipping because you did your homework & you know they will climb again making you assured that you are confidently into the game.
Thus I belive one holding power, the cash investments & also timing when to buy or cut losses & re-investing on your favourites stocks will eventually bring you to the right path. Always remember what goes down, it will goes up again.
Hope that my thoughts & my way of perspective can help our fellow mooers here & happy trading & Stay Safe.
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