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Buy High, Hold On
I’d just hold on to the stock if the price dips after buying it at a high price.Although with $Grab Holdings (GRAB.US)$ which was bought at 8 us dollars from day 1, and now is 3.3 us dollars, do I hold on to it?
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Kee96 : Make up the position.. Eight dollars should be a few more years.. If you fall so low now, you can get in a little bit..
Greenbird : U should average it down and if one day it reaches your average price … sell it immediately… if not $8 usd , you have to wait for very long and is not worth putting in your money so long to make even
102315873 : Don't throw more money into a sinking ship. This company has huge issues with its business model and management doesn't even seem to want to acknowledge it.
If selling and closing out the position is too painful, at least don't keep buying more in an attempt to "average down". Remove it from your watchlist and forget about it.
Cskee : Depends how much you bought… if not much… cut loss is recommended… this penny stock is useless
golden goose neck : Just hold it, cause the price is really low, put this aside and buy other stock 1st
singaporegirl OP Kee96 : Good advice
singaporegirl OP golden goose neck : Buying crypto now :)
singaporegirl OP Cskee : Sadly, I have to agree.