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| Topic | Stock Topic 31 |
| red sox 777 07/31/21 3:01:26 PM #395: | Sunroof posted... What? The stock went down over 7% in one day. It doesnt matter how reliable of a stock it is, thats a ton of lost money in one day, and it will take awhile to climb back from given the reason why it went down. Your post was useless. It's not a surprising amount to be down though. If you have a lot of money invested in any stock, going down by even a small amount will result in a lot of lost money. If you are going to be sick about that because the total dollar amount lost is big, you're going to be sick a lot. So at some point one should learn not to get too upset about downward movements in stocks for personal happiness purposes. As far as investment management goes, avoiding tilt is important. The kind of tilt where you get frustrated and close your positions and move to cash will hurt your returns but won't result in life-changing losses. The kind of tilt where you close your positions and buy short term options hoping to make back your losses quickly can lead to bankruptcy. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! ... Copied to Clipboard! |
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