Quote:
Originally Posted by Dr. G
Actaully I'm not even in silver... A couple related companies though. Major losses came from just stocks, I can hold on and just be patient pretty sure they will recover, but then again I'm considering selling and rebuying at a lower price to increase my profit margins.... although now that I think about it, this could be a risky play because there's not telling when the bounce back will be.
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That is not a good way of thinking. That thinking is like a gambler in Vegas. He is down a lot, but thinks he can make up for it if he wins just one more time. Almost everyone would think that guy is nuts. Treat every trade separately. Don't try to make up for your losses because you most likely will make knee jerk trades that could lose you more. If the stock goes to zero, and you lose all of that money, would you be putting your future or overall finances in danger? If no, just hold. If yes, you are playing with fire.