So I dabble in the stock market and recently bought 3000 shares

You can try holding it, I've been bitten by that stock before, but it does have it's freak surges that will see it up 100-200%

>>723393461
A freak surge sure would be nice! Whats your favorite stock right now in your portfolio? Mines amd

Dubs for 22k dryshipshit

>>723393375
Bet it all on 31 black

Rollin'

ride your winners, cut your losers.

you're currently in a situation that is out of your control.

you have already lost money, as there is no such thing as paper losses, and you're currently still allowing yourself to lose even more money. at the same time, you have locked in your money and you are then preventing yourself from investing it in more profitable ventures.

you need to learn risk management.

>Also, if dubs, I buy 22k more worth tomorrow at market open

NEVER add to losers.

people like you are much better off investing in index funds, as you are currently just gambling.

>>723394268
Do you even stock market?

>>723394456
Yes, both long and short - as well as currencies, commodities, and bonds, depending on the portfolio. It would help if you were to be a bit more specific in your critique

>>723394268
>ride your winners, cut your losers.
you have no idea what he was talking about, how long he was holding it.

yet you had generic advice. go fuck yourself

>>723394268
Well I have broken even before on averaging down on another bad investment

>>723395036
Right, uhm

The fact that OP even asks /b/ for advice/input on it signifies that he doesn't have a solid trading technique. "How long he was holding it" doesn't really matter since it really should be beyond his pain tolerance for losses. he should have a magnitude-based stop-loss, as well as a time limit on the order.

>>723395052
you can also make a profit out of buying lottery tickets. that still doesn't make buying lottery tickets a financially rational thing to do. every individual trade must adhere to solid trading rules will break-even over the long term.

>>723395598
>he should have a magnitude-based stop-loss, as well as a time limit on the order.
and yet you reply with generic "ride your winners, cut your losers"?
like in your scenario he didn't know that?

>>723395955
>in your scenario he didn't know that?

Obviously not. Did you read the OP?

>Now I'm down $5000 and am wondering
>do I hold or cut my losses
>Also, if dubs, I buy 22k more worth tomorrow at market open

File: Screenshot_20170202-214253_1486089783825.png (2MB, 1440x2560px) Image search: [Google]

2MB, 1440x2560px

Cydy is going to be a x5 multibagger very soon