When do you accept a “loss”?
Two years ago tried my luck in single stocks. Ended up +50% in a few weeks and should have sold. Now down ~33% from the original amount invested. Not too sure the stocks will ever come back but having a hard time accepting.
Not hurting for the money and putting ~20% into 401k, maxing HSA, etc. just curious what everyone’s thoughts are when you lose pretty badly? $AMC Entertainment(AMC.US$ $NVIDIA(NVDA.US$
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BBES : Same thing you can apply to cut your loss if I’m not cut my loss in this stocks MSTF, AMC and the worst one MNK. The MNK is worst one because it become 0 value good decision I cut my loss instead of waiting to be broke.
102390247 : Warren buffet didn’t sell his stock even drop 50% few times end up earn more than 10 times , may be u might need to learn long term investment
ur wifes boyfriend : avg down always seems to make to me
Broset311 : Citadel needs to cut there loss but they never close a position. It’s now biting there ass
BBES 102390247 : Warrent Buffet is insider share holder he can use his influence if he want to recover from his loss we retailer is buying stock using online broker its different and we only holding a paper stock which our relationship to the company we buy share is nothing we only have so called stock and our broker.
BBES : If I dont cut my loss from my previous stock to AMC I maybe loss thousand dollars but because I cut loss I know able to buy more share in cheap price now I’m on Green if not cut loss Im on dip red which you need 1000% to recover. Same in MNK stocks if I dont cut loss maybe Im broke now
102390247 BBES : i don’t understand what u try to say it’s not related to his gain for 30 years
BBES 102390247 : Nevermind :)
DesertRat-KBO : Haha bandwagon boy
RVLTN : It’s never a loss until you sell!