How NOT to Become a Bag Holder???Using a buy and hold strategy...
1. Don't buy a stock in a downtrend, especially a stock that's trading at lower lows on the monthly chart.
2. Look for the bottom--stock will trade in a narrow range at the bottom.
3. Once you buy the stock, always set a stop loss. NEver be willing to lose more than %10 of your investment.
CUt YOUR LOSSES, and then MOVE On.
So, ALWAYS SET a STOP LOSS
Using your trading software or by making a "MENTAL NOTE."