the_lucas•7mo ago

Pro tip: I sold everything after one bad report and it hurt big time

Now I'm just watching prices go back up with none of my cash in the mix.

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3 Comments

taylor.mary7mo ago

Man, watching that bounce back hurts worse than the initial drop sometimes. What finally worked for me was making a strict rule to never sell on a red day, no matter how scary it looks. I wrote my reasons for buying something on a note and only let myself cash out if those reasons totally changed. It keeps me from making a scared choice that just locks in the loss.

4

christopher6617mo ago

Panic-selling to avoid short-term noise usually just guarantees long-term pain, learned that the hard way too.

3

jade_carter7mo ago

Yeah tell me about it, @christopher661, my portfolio is a museum of bad timing.

1