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re: NVDA has almost doubled in 3 months

Posted on 12/28/16 at 9:08 pm to
Posted by timdallinger
Member since Nov 2009
1592 posts
Posted on 12/28/16 at 9:08 pm to
quote:

I am kicking myself for not putting more in at the beginning but what is the rule of thumb for this type situation? Stop looking at it and let it ride long term or set a sell off point?

What are your goals? Are you investing or are you trading? If you are trading, you must consider taxes. There is inherently more risk trading. Watching your stock daily (or hourly) is maddening. But it can also be lucrative.

Consider why you initially invested. With your computer knowledge, do you believe NVIDIA technology has a bright future? Do they pay a dividend?

You cannot kick yourself. It's very easy to make picks in hindsight. When you put your hard earned money on the line, it becomes real. That's why one should be wary of individuals giving stock advice if they don't have "skin in the game."
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