My stock price keeps falling...😭😱
I keep losing money. What should I do?
First when you lose 💰 money in stock market, as long as you don't sell your shares, it is just paper loss. When the stock rebounce, you'll get back the money. Hence you should hold.
As a long term investor, you should prepare a sum of cash as emergency fund (usually about 6 months of expenses) to tide over the bear market. An investor who can hold will eventually win.
How did you get out of the trap?
Know your investment goal (IG). If you don't have, get one. Establish an investment plan based on the IG. The plan should include exit and stop loss. Follow the plan and avoid emotional investment - greed (fomo) and fear (panic sell). As new investor, dollar cross averaging (dca) may be a good start.
There are many so called 'tips' or 'reliable news' to obtain huge profit when you invest. Cross check them (by reading the positive and negative views) to see if it is fake to lure you to buy a falling knife product. If the profit is too good to believe, it may be a trap or scam.
How to adjust positions and mentality?
Learn the knowledge and skill to invest to strengthen your self confidence. Don't invest blindly by following other. Do your own due diligence.
Know your risk appetite. If you are retired who can't stomach price volatility, don't buy high risk investment product for example cryptocurrency. It's okay to invest in low but stable yield short term investment like SSB, T-bill and Moomoo's cash plus fund.
As a long term investor, you should prepare a sum of cash as emergency fund (usually about 6 months of expenses) to tide over the bear market. An investor who can hold will eventually win.
How did you get out of the trap?
Know your investment goal (IG). If you don't have, get one. Establish an investment plan based on the IG. The plan should include exit and stop loss. Follow the plan and avoid emotional investment - greed (fomo) and fear (panic sell). As new investor, dollar cross averaging (dca) may be a good start.
There are many so called 'tips' or 'reliable news' to obtain huge profit when you invest. Cross check them (by reading the positive and negative views) to see if it is fake to lure you to buy a falling knife product. If the profit is too good to believe, it may be a trap or scam.
How to adjust positions and mentality?
Learn the knowledge and skill to invest to strengthen your self confidence. Don't invest blindly by following other. Do your own due diligence.
Know your risk appetite. If you are retired who can't stomach price volatility, don't buy high risk investment product for example cryptocurrency. It's okay to invest in low but stable yield short term investment like SSB, T-bill and Moomoo's cash plus fund.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
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Peppermint : Can't agree more. But it will also depends on circumstances, the % of drop.
CHun Leee : You can follow me. As a senior shareholder, I will share my experience every day for reference only
steady Pom pipi :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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Jacky9136 : What about Apple stocks? Get in the car?
plucky Hamster_voyag : Try doing the opposite of what you are doing. If you think you should buy a company try shorting it instead. Do paper trades to find a system that works for you so you aren‘t going broke in the meantime. Be sure to set limits on how much of a loss you are willing to take and when you should sell before making the trade. This will help keep the emotions out of the mix.
ZnWC OP plucky Hamster_voyag : Yes shortening involve leverage which is high risk hence it depends on your risk appetite.
Leopar : Come on, you can choose your strategy.
紫阳 Peppermint : You need to do t over and over again to reduce costs
紫阳 Leopar : The easiest and ideal way is to have enough cash and split up your positions three or four times at a low price. Until the market picks up and becomes profitable
ZnWC OP 紫阳 : DCA
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