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Re: None

Thursday, 09/21/2017 7:20:44 PM

Thursday, September 21, 2017 7:20:44 PM

Post# of 100669
Let's clarify a few misconceptions

You lose money when the market price is below your cost basis whether you sell your shares or not. It is called an "unrealized" loss (on paper), and becomes a "realized loss" when you finally sell those shares.

A smart investor jumps ship when the tide is turning against them, and does not hold on to a losing position forever. A smart investor cuts losses short and let's profits run.

It's called Investing 101.

<<"You don't lose money till you sell below your cost.
The market has its ups and downs and a smart investor will hang on till the tide turns in his favor.">>

"All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident." ~ Arthur Schopenhauer