Should I get rid of this this portfolio I'm so scared, PGX PWV BQI DAKT and EEB. I lost 200 dollars yesterday?

Question

I'm so freaking scared omg

Answer 1

If you're scared, take your money out of the stock market, put it back in a savings account at the bank and leave it there until you do some research. I have a feeling that advice from people on Yahoo Answers got you into these crappy stocks in the first place, so now you need someone to get you out of it.

Pull out of PGX, DAKT and PWX immediately, keep BQI and EEB.

PGX and PWX look like they are going to tank down to $1-$2.

Personally I have one stock that's down -$9,000 right now and I'm not too concerned about it. The big thing is that if you are constantly worrying about your stock during the day or you can't sleep, then this kind of investing is not for you.

Answer 2

you're going to lose a lot more $$$ in the markets before you start to learn how to make money from the markets!!!

this is a fact, either believe me, or get schooled by the pros who have more money than you do and will scare you to death or wipe you out short-selling the stock you are in.

company insiders will sell shares taking your money in penny stocks and laughing all the way to the bank!!!

this is the sad reality of the markets, either it's shady or it's rigged...design to part the fool from him money

it's like you think you can step into the ring with a prize championship boxer and TKO him without any training? you're going to go into the market and take his money away before he takes your money away from you, right?

do you have any idea what a short-seller is? he's the guy who is selling to you! he is the guy on the other side of the transaction...usually the stock operator working for the exchange, or a profession stock trader...they don't like to lose!

think of this losing period as your tuition, unfortunately for most the cost is too high and they end up broke never to be heard from again....some go out kicking and screaming OMG OMG OMG

the markets are not like those tv ads, get rich quick, work 1 hr a day, have a house paid off for, no need for a real job, have 2 or 3 cars and a nice girl to travel with too all those exotic places....lol

Answer 3

If you are scared after losing $200, yes, get out of the market immediately.  Put it in foreign currency.  Just about anything is better than the dollar these days.

Seriously, don't ride this market if you can't afford to lose quite a bit.  Get T-bills or savings bonds.

Answer 4

Things are going to get worse before the dust settles. If you can't handle a $200 loss, get out of the market.

- Jim http://jsforex.blogspot.com

Answer 5

You should do something!!!! How diversified are you and are there beside these some in alternative ideas defensive portfolios!!!! sould you feel so compelled I could point you in the right direction and show what many intellegent investors are doing about this and why they are playing on the sidelines until the storm passes!!!! [e-mail]