RE:Strategies for recovering / saving face...Don't be too hard on yourself. Anyone who has been in the market long enough has experienced what you described. My only question is, I hope you did not exit ALL your positions and went to cash. One should never, ever go all cash. And, by the same measure I would never go all in. Holding some cash is prudent and re-balancing along the way is a healthy practise too.
As far as what to do with DGS now... I would say don't chase it up but instead try to catch a pullback with no more than 10% of a position that you are willing to take. This way at least you are in which may take the edge off on your frustration now. Just keep in mind that your starter position will likely go red because it's almost impossible to catch a bottom on a pullback.
Then, set additional bids at much lower levels and let the stock come to you. If it doesn't, then so be it, your position will eventually go green. You may end up with fewer shares than you'd like but a green position is never a bad thing. In the meantime, you get paid to wait for the next market hiccup where you can always work to build on that lower position again. GL.
ehud42 wrote: Win some/lose some - and - education is never free.
I had the right idea, but I was late on the triggers - plural.
Buy and hold is a good long term strategy that I thought I could outsmart.
How do you seasoned folks recover from a bad decision.
I sold DGS on the way down in October thinking the market would tank enough to drop it below $5
It didn't get that low, and I wasn't paying good enough attention, and now it's way above what I exited at.
So, do I sit on the cash and wait for another rainy day?
Or count my losses and just hop back in at a loss?
Or try some kind of dollar cost average to ease back in?
I'm conflicted: I'm seeing markets rise. But I'm hearing / reading that 2023 will be a rough ride.
So do I stay or do I go.