InvestorsHub Logo
Followers 18
Posts 554
Boards Moderated 0
Alias Born 08/20/2014

Re: None

Tuesday, 03/17/2015 11:09:35 PM

Tuesday, March 17, 2015 11:09:35 PM

Post# of 6299
Classic Rookie mistake was made. Essentially, over-eager, excited, to much hype, not enough DD type of BUY was made. Well, for lack of a better word...Duhhhh!

The question I have is. What is my best option in the following situation?

Made a poor, "price entry" when I first started. It's not breaking the bank by any means. However, in that particular position I'm at a 55% loss currently. Never sold for X, Y, & Z factors - call that a rookie mistake too. (Never been in that extreme of a situation before.)

Anyways, my questions is. At this point should I just sit tight and hang on to my debacle? Or, do I pull the chute and take the loss?

Any guidance or suggestion would be welcomed!

Thanks.

*I actively trade other positions, etc. However, I'm at the point now where it's just annoying seeing this big, fat, red, 50+% loss, every-time I log on! smile
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.