Quote:
Originally Posted by Ulic Qel-Droma
dude, cut your losses early.
it's like a relationship with a girl, if it aint going the way you want it, just cut her loose. the thing with the markets is you can always buy her back later! LOL!
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Well, it really depends on what stock he has. If they are stocks that appear to be done and become toilet paper any time soon, then yes.
As of today, after DOW losing so much, giving up on quality stocks now is not cutting losses, it's act of desperation.
If I think a stock is still worthwhile, I'll try to pick up some more during this downturn for much greater gain in the future.