You never hold onto a loss. Get to BE, then sell. If you make a profit after it breaks even, cool, if not, but your losses and move on. Emotions play no part in trading. It’s all about getting into a trade, reaping rewards, then getting out, for whatever time period you wish to do this over. Simple
Have You Ever Sold a Stock as Soon as it Broke Even?
Some investors say they could withstand a 50% loss but couldn’t hold on to a 50% gain.
Most steadfast Tesla holders likely didn’t sell at the low point, but they might have sold after Tesla rose to broke even.
----------------
Have you ever sold a stock as soon as it broke even?
Endure 50% loss or hold on to 50% gain? Which is harder for you?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments