Honest advice please.
So I bought this at the worst time, the day before it shit the bed and dropped hard. I'm in at $2200 or 32k shares. My position is currently down -89% or -$1980 and worth $233 at this point. I was hoping for a bounce back that never came and ended up further down the hole. At this point I'm not sure what I should really do. $2200 is a lot of money to me and I would really hate to lose it all but here I am.
I'm sure you can tell that I'm a noobie to this stuff,so with that in mind. What would be my best option in this case? Just sell it and say that's the cost of the lesson learned or should I just hold on to it and hope it makes a sight rebound?
So what I'm thinking at this point is, I'm already this far down what's the last $200 going to matter. It might just be best to hold and hope for the best.
Thanks for any advice you can offer