Loafing:
I've been there. From the way it sounds you want to get your money out, to probably use it somewhere else. When you want to do this, you should definetly keep it in mind right when you buy it, and if the price should fall, you *have* to make (I do it this way) a mental stop, where you will sell. You're going to lose $, but not like you'd lose it now, bigtime. If you put in a stop loss, some disagree, but mm's will see your order, maybe dip down, pick it up, and you will have lost,(sold for less) and the price could come back up.
Try to look at a chart before buying to see whether it likely could have a profit taking (has had a run already and now you want to buy) This could be a bad place, and the price could come down again.(better buying deal) It often looks like it goes straight to Mars, but it makes pit stops. Dont chase it. It's frustrating as heck, but all the more reason to buy and hold, so you maybe don't have to buy so often.
If you need the cash, sell it, or if you can wait, wait. I'm sure it will come back to 130 soon. If it gets near, and you think it may not make it, sell it there, maybe buy back lower.
Good luck! |
