OMG I have lost over $500.00 in the stock market this week should I get out?

Question

OMG I have lost over $500.00 in the stock market this week should I get out?

Answer 1

It would be better if you told us what you were holding than a dollar amount that you lost. Without knowing anything at all I will assume your companies wont go bankrupt and so you should keep holding for the turn around if you are a long term investor. Nearly everyone is bleeding money right now, keep your cool and stick it through. Personally I wish I was down just 500.

Answer 2

Now would be a bad time to get out - next week should be strong.

This depends on how much you're investing, and what your skill level is

Answer 3

If you were down, why did you sell?

If you didn't sell, you haven't lost anything yet.

Answer 4

If you are crying over 500 dollars in the stock market then you have no place in it! Remember you never loose money till you pull out! Just hang tight and do your research.

Answer 5

If you are gambling , then its better you leave the market and come when you are done learning. But, if you have invested with your own research then I guess just make sure of your research and then wait !

Answer 6

Can you afford to lose that money? If not, you shouldn't be in it to begin with.  Stocks fluctuate and we are in tough economic times. If you can't stand the risk of the markets, get out and buy a CD or other fixed income investment. You should never buy a stock without an exit plan, in case the stock price goes against you. Some people buy puts to protect their long positions. Others invest in inverse ETF's as a hedge. At the very least, you can put a stop loss on your account, so that if the stock breaches a support level, you are automatically out of the market. The market is particularly choppy right now. Apple fell over $7.00 per share today.(4%). Last week, Apple was $189 per share. Today, it is around $171.00. So, be prepared for the gyrations. Nothing goes straight up. Sometimes, stocks plummet and don't recover-- so think about your exit strategy. Not all trades will be winners. Ask your broker how to structure an exit plan. Also, ask your Broker (depending on how much money you are investing) what percentage you should put into any one investment. Paper trade ( do it on paper and track it) before you invest real funds. You need to understand how the market moves, and your appetite for risk. You need to read and educate yourself. Best of luck.