A valuable lesson when it comes to trading stocks, is that sometimes it is necessary to accept your loss. When an investment goes south and you begin to lose money, it is not a mature or useful technique to keep your investment while it plummets in hopes that your investment will eventually gain it’s money back on it’s own. This was a difficult lesson for me to learn as I never wanted to accept my loss and actually lose money. This mistake allowed a stock that I had originally lose $2000 in to bring me down $15,000. It’s a hard decision to make because you can never truly predict that a stock will go and to pull out of an investment while it has lost you money is extremely difficult because there is always the possibility your investment can even out or even turn out positive. This is an important lesson because it is much more convenient to accept a $2000 loss than a $10,000 loss. Learning this the hard was painful but in general it is beneficial to know and can easily save me from losing countless amounts of dollars in unsuccessful investments.
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