Quote:
Originally Posted by crockett
I never understand what something so simple is not understood when it comes to the stock market.
You don't make or lose a thing until you sell.
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Right, but at some point when a stock is tanking where do you cut your losses? Take the great Nortel and now RIM both were supposed to be solid companies, one went from $125 to nothing and the other $125 to now $19... sell or hold all the way down, either way you can consider it a loss.
Two examples of hundreds out there. I'll invest in something I have some control over.
People make a killing on the market, I made fantastic money for a while. Then like at the black jack table I gave most of it back.