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re: Bought into a sinking ship stock
Posted on 11/2/23 at 5:58 pm to Grinder
Posted on 11/2/23 at 5:58 pm to Grinder
quote:I thought I set one but I must not have done it right because they way I was setting it was expiring everyday and I had to keep renewing it daily.
Learn to use Stop Loss orders.
Is there a way to have an all encompassing “if the stocks drops to $Xxx.Xx, then sell until you cancel it?
1
Posted on 11/2/23 at 6:05 pm to yankeeundercover
To everyone thinking I’m just being foolish, this is my first attempt to frick with the market so I’m learning… unfortunately, like most things, hard lessons cost money.
It’s not even a lot of money I’ve got in play… like $1000 and I’d prefer not to lose it, but if so, lessons learned.
I’m just trying some different approaches to how I’m buying stocks… I did a little research on a company for months and turned a $40 investment into $380 and sold it… it spiked back down shortly after.
So I tried a similar approach with more stocks and more money on other stocks and it worked out positively on short returns so I tried it again and it doesn’t seem to have panned out unfortunately.
I guess I’m wondering because I’ve never been in this situation before is there any way it can or would turn around?
What types of things could happen to boost the value? Acquisition by Amazon type of thing? Ringing celebrity endorsements of their anti-narcolepsy medication?
What’s the biggest hail Mary possible?
It’s not even a lot of money I’ve got in play… like $1000 and I’d prefer not to lose it, but if so, lessons learned.
I’m just trying some different approaches to how I’m buying stocks… I did a little research on a company for months and turned a $40 investment into $380 and sold it… it spiked back down shortly after.
So I tried a similar approach with more stocks and more money on other stocks and it worked out positively on short returns so I tried it again and it doesn’t seem to have panned out unfortunately.
I guess I’m wondering because I’ve never been in this situation before is there any way it can or would turn around?
What types of things could happen to boost the value? Acquisition by Amazon type of thing? Ringing celebrity endorsements of their anti-narcolepsy medication?
What’s the biggest hail Mary possible?
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