You buy a stock. It goes down, now what? Message Board

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Strategies & Market Trends : You buy a stock. It goes down, now what?

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To: Bald Eagle who wrote ()	7/7/1998 12:33:00 PM
From: E. Graphs	Read Replies (1) of 112

Hi Wiseowl! I have no patience for losing money. I don't mind it when a stock stays flat, or has a normal pullback, but I get really bugged by the ones that go down. I hate to lose money. It really bothers me when a stock I buy moves against me. I can't stand even looking at it on my screen. I just sell. I wait for any bounce and get out. I don't even care if the stock does an amazing recovery within the next 3 months (most likely it will not!); I just take it right off my screen and move on. I do get some advantage from this. 1) I get a tax loss. 2) I can also buy the stock back if I want, after at least one month (tax loss rule), and typically the price of the stock will have fallen even more by then. 3) I get to put my money to work in a new stock, and hopefully better my situation! Good luck with your new thread. Perhaps we should come here when our stocks take a hit, and say what we will do about it. It could be helpful to others. Good Trading, E!

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