I would say it's a bad idea......that's just me.....everyone is in control of their accounts......
My reasoning is, why throw good money after bad......that capital good be used on a winning trade instead putting more eggs into a losing basket......
There are thousands of stocks out there....literally.......getting attached only leads to bad decisions.......I see value In Sticking w/ a winning trade, but if the trade goes sour you have to bail......
These are the rules......have I alway's stuck to them......no.....,has the result been good?.....almost alway's no.....
It's best to stick w/ stocks that have positive momo for long positions & if you decide to "trade" a BOUNCE play, which is all I consider CHLO at this point, make it a quick trade.......USGT is a recent perfect example.....in & out like a ninja........
One of the toughest lessons the market will teach you is that you have to dump your losers.......your 1st loss is your best loss......the entire time you are holding on to a loser you are not only losing money on that trade, but you are losing exponentially on trades that you missed because your capital is tied up.......
Over a long period of time the amount of money/trading opportunities missed is staggering.......the quicker you can put the dead money to good use the quicker you can make a come back,,,,,,a lot of times plays like CHLO just fade, for what seems forever.......not saying that will happen, but saying from past experience it does happen......
Letting go is hard to do........but once you move on and make a successful trade the bitter taste goes away......
In the future it's best to exit a trade as soon as it goes sour........your 1st loss is your best loss......
Besides, the losses offset the gains.......so, in a sense you are getting something from your losers......they offset your gains from your winners........$$$
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