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Same thing applies to the stock market. You have 2 options: Sell now and accept the loss and move on. This will be a hard thing to accept but you will not have
by daemin 9y ago
Same thing applies to the stock market. You have 2 options:
Sell now and accept the loss and move on. This will be a hard thing to accept but you will not have lost everything.
Suck it up and wait for it to appreciate further. This may take years or you could lose the lot.
Edit: I am not a financial adviser.
- daemin 9y agoEdit #2: There's actually a third option. If you really believe that the price will go up in the future and you're not in the need of the money for that time, buy more.