holy crap im getting crushed........but im not selling. no way.
2007-03-05 07:46:48 · 8 answers · asked by Anonymous in Business & Finance ➔ Investing
All good traders have stops on their stocks. If you don't, this market can roll you like the 1987 and 2000 market. You should have a pre-determined stop and stick with it. Even long term traders should have a stop around the 8%-10% mark. If you don't, i would advise reading some good books like David Nasser's Rules of the Trade.
2007-03-05 07:53:19 · answer #1 · answered by sparky7139 2 · 2⤊ 1⤋
Many equity investors sell when the market is tanking and buy when it's soaring. Let's look at this logic a moment - does buying high and selling low seem like a winning strategy?
Most investors who are successful in the stock market do a number of things:
o The fully understand the companies and/or funds in which they invest and, once they invest, remain up to date on those companies to insure that nothing material changes that would impact their outlook.
o They commit funds over time, not all at once. Just think how the person that inherited $100,000 a month ago and invested in the market in one lump sum feels today. They would feel a lot better if they had, for instance, invested $10,000 a month ago, another $10,000 this month, etc.
o They have a long-term time horizon, say 5 years or longer (you don't put money in equities that you need for college tuition in September)
o When they need to take funds from the market, they take it out like they put it in - a little at a time.
o They understand that even market experts don't bet the ranch on their ability to predict market direction in the short-term
Equity investments have historically provided the best returns over time and probably will provide the best returns in the future. Just don't buy high and sell low!
2007-03-05 16:17:59 · answer #2 · answered by Tomel 3 · 0⤊ 0⤋
Dude,
THATS WHY YOURE GETTING CRUSHED!!!
you should sell when the market falls and buy in again when it bottoms out.. otherwise you will loose out..
do some histoprical reading on this..
my portfolio has done on average 120% pa now for the past 5 years and is insulated from such declines because I have adopted a policy of doing exactly the OPPOSITE of what Fox news and other mass media (brainwashing) outlets recommend..
accpet too that if you invest in stocks you invest in gambling and little more.. the media runs the stock market now.. and underlying fundamentals are no longer a pajor part.. media hype is the main player now.. learn to believe in truth.. start voting left.. and you will soon be making more money than you thought possible..
I make millions
2007-03-05 17:37:41 · answer #3 · answered by Anonymous · 0⤊ 1⤋
We just had a correction in the market.. I wouldnt be to concerned.. If you have been in it for a while, then you havent lost anything yet, especially from Jan. to the correction last week.. All that should have happened was the loss of the profits you made in the first couple months of the year..
As they said, over time, the market increases, but make sure you diversify and dont put all your eggs in one basket.. Government backed t-bills and cds are gaining popularity as people are running scared so those rates will rise over time as well
2007-03-05 15:51:34 · answer #4 · answered by Hank123 2 · 0⤊ 0⤋
Just a little bit........
26th Feb. My Halifax Sharebuilder portfolio was worth £563.91 and 0.98% short of finally breaking into profit.
At time of writing this answer, it's now worth £530.40 and 6.87% short of being in profit =(
£33.51 lost so far this month - £14.66 of that shedding on 27th Feb
2007-03-05 16:53:07 · answer #5 · answered by Anonymous · 0⤊ 0⤋
My husband and his friend invested in a company. my husband 1,000 his friend 80,000. well the company got in trouble because of a bad officer in the company...lawsuit occured ...we thought all was gone. The company pulled it together and my husband stayed, his friend got out with about 20,000.of his original investment...very sad. That was 5 years ago. Now my husbands shares are worth 7,500. So hang in there, tough it out, things are going to look crappy until after Bush steps out and the new President stops the "war"...Happens every time (historical trend)
2007-03-05 16:02:01 · answer #6 · answered by fuzzbutt 4 · 0⤊ 1⤋
I sold and now I am making good profits on some great bulls.
2007-03-05 19:40:15 · answer #7 · answered by franksprung 3 · 0⤊ 0⤋
me too...hang in there
2007-03-05 15:49:47 · answer #8 · answered by Anonymous · 0⤊ 0⤋