Believe me, I was thinking the same thing when shit hit $115, I was in a huge hole. You just have remember it's not a loss until you sell. And you don't do this with growth stocks, penny stocks etc. Because your loss has a much better chance of staying that way. A small bit of money thought I tied up a substantial amount of money for a few months.
Correct, you are navigating a mine field to find the stock that will survive. Just because you can afford a stock, doesn't make it cheap. They may hold better in a bull market, but when the bears come out to play. You're fucked. or you are actively managing that stock, but that usually leads to over trading, and that's another big problem. You have to get involved in stocks you don't have to baby sit. When Nio was hot, I was like you guys are going to take it in the asshole, and they did. I almost took it in the asshole with Workhorse. But that was a stock I was baby sitting, I was waiting for a contract that wasn't awarded to them and dumped at such a small profit, I don't even remember how much.
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I see. I think Im too used to thinking of liquid assets as a synonym for cash.
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Believe me, I was thinking the same thing when shit hit $115, I was in a huge hole. You just have remember it's not a loss until you sell. And you don't do this with growth stocks, penny stocks etc. Because your loss has a much better chance of staying that way. A small bit of money thought I tied up a substantial amount of money for a few months.
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Hmm? Is the reason for not doing this wuth growth stocks due to it not stabilizing and having a place in the market, yet?
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Correct, you are navigating a mine field to find the stock that will survive. Just because you can afford a stock, doesn't make it cheap. They may hold better in a bull market, but when the bears come out to play. You're fucked. or you are actively managing that stock, but that usually leads to over trading, and that's another big problem. You have to get involved in stocks you don't have to baby sit. When Nio was hot, I was like you guys are going to take it in the asshole, and they did. I almost took it in the asshole with Workhorse. But that was a stock I was baby sitting, I was waiting for a contract that wasn't awarded to them and dumped at such a small profit, I don't even remember how much.
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Ill have to do more investigation before I do any longterm that will be for my personal use rather than my time capsule
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