So as much as I try, I can't pull myself away from following certain stocks that I've owned in the past. It's like I'm stalking an ex-girlfriend on facebook. Even ones that have done horribly and have no redeeming value, I still track as if there is some hope I can "get back in bed with" said stock even though I know it would end badly and ruin my current position.
The emotional tie is even worse for stocks that are currently owned. My example: First Solar. I bought this stock 1Q of this year, thinking it would rebound. Nope it plummeted to less than half what I purchased it for. I've held on for the ride and it's almost made it back to even. A part of me says "dump this bitch and be done. There is nothing but heartache to follow." But another part of me says "I got in this because it's the strongest player in a market that will continue to get invested in by govts. Why bail when this thing is gaining steam?"
So how do others pull themselves away from following past holdings? Or allow themselves to look past previous downturns?
This post was edited on 12/4 at 11:50 am