What would you say to someone right now who wrote you and said they are down 70% on their small stocks and they want to know if they should sell and get a little money out or hold.
This of course is a tricky question and let's say hypothetical.
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If like me are down 70% either they don’t have a strategy or it’s high risk high reward in which case they should have known ed ergo hold
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It can go down more.... and likely will.... Cut the bag. Next time dont let it get that far gone. Set a stop % and stick to it. Period.
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Depends what stock it is, it can always go down more. I have completely sold everything before and started over.
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Depends on their scenario and the stocks in question. But if they’re writing you to ask, that means they’re probably not comfortable in their current situation and should sell.
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Sell it. Use what’s left for a proper set up and never rely on hope. It’s always about proper setups and cutting losses.
Start now. If not today, when? Why?
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