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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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27165711 No.27165711 [Reply] [Original]

I'm currently down $500 dollars revenge trading should I just cut my loses?

>> No.27165764

>>27165711
At this point yea

>> No.27165836

>>27165711
I don't know, it depends on what you're trading of course

>> No.27165939

Just take a breath and take few hours off.
Hoping you won't be down $1k by then, most likely not.

>> No.27166034

When your portfolio get to the 10k or 20k range, losing or gaining $500 in a day is like a 3% change. If you can’t handle that, don’t invest.

>> No.27166146

>>27165711
just hold it. don't pull out. you have necessarily lost your money. tips on stock market is buy low, sell high. if your losing, then hold. that's why you only put money into stocks if your willing to lose it. doesn't mean you will, but you have to have that mentality. just hold it if I were you

>> No.27166686

>>27165836
btc

>>27166034
I have a 60k portfolio but I'm unemployed and my job was shit anyway its like I'm losing my only resources

>> No.27167758

>>27166686
>sell btc for a $500 loss
Fucking wait already