Post by
whognu1 on Sep 29, 2022 1:24pm
sorry for your loss
hi folks:
truly sorry for this outcome; i hope these losses do not cause any substantial harm to you and your family
for the 'newer' investors i offer this.........
the longer you are in the markets, the more likely you will have this happen
trust me, i have booked catastrophic losses more than once
if life and investing is about learning, here is a summary of market axioms to better prepare you for the future
- a trend remains in motion until it stops (xbc NEVER broke trend)
- fundamentals tell you what to buy, technicals tell you when to buy
- if insiders, that KNOW everything about the company, own little or none, why would you?
- keep position size to an acceptable level
- when you are in a hole, stop digging (never double down into an unproven company)
- listen to both sides of the story, not just those that affirm your conviction
again, sorry for your loss
take care
chris