AI
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| Posts | 554 |
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| Alias Born | 08/20/2014 |
Tuesday, March 17, 2015 11:09:35 PM
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!
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!
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