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Holding a bad trade if you have limited resources is a bad idea. Since that stock is going to do nothing/go down further. It's not just hurting you financially but even worse. You are paying an opportunity cost. You could theoretically be using that money in a much better trade.

12:30 AM · Aug 29, 2020Twitter Web App

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I'm doing this with $TCDA. 😭 I think it has found its bottom though. I don't want to lose money now by selling when it could recouperate once news of a meeting with the FDA gets announced.

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I’m doing the same with $GRNF. I know they had binding LOIs drop but the price keeps dropping.

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I couldn’t agree more!

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This is great advise. You can own stock in a wonderful company that does everything right but it can still be a terrible stock. A good company doesn’t always equate to a good stock.