Playing & Trading Strategy

I've held on long term to stocks which have lost more than $1milion in value. Is this a bad strategy? BuenaOnda Oct 20, 15:03

As soon as you get rid of them, there will be {nm} JDolphin Oct 20, 15:26

This. You haven't actually lost money. Part of a long term strategy is the tolerance to deal with swings. {nm} aggie2145 Oct 20, 20:03

Depends (a) how likely the price is to swing up and (b) how often you play, check the prices, check the boards for announcements, etc {nm} RogerMore Oct 21, 09:19

What stocks are you holding that have lost that much value? I lose max 200,000 on them and that's it. {nm} thedudeman2222 Oct 21, 11:18

MAGN7, CLEOP, RCLPS, LSOFH, PSSON, ACSOU, TGRL2 for example {nm} BuenaOnda Oct 21, 12:56

I thought RCLPS and CLEOP were dead {nm} JDolphin Oct 21, 16:01

Look at the type of stocks these are ndmaster Oct 22, 08:29

Since your total worth is more than 200X this loss, its tolerable as speculation. For a port worth 2 million, it would be a very bad forlorne Oct 21, 13:25

I meant 2000X {nm} forlorne Oct 21, 13:25

He means $1M loss per stock, and for several of those examples there is plenty of scope for further losses {nm} RogerMore Oct 21, 13:37

Everyone developes their own strategy. Personally, dump em. Move on. Maybe even reverse em. Watch the movement. Use 1 share radar mrbinns Oct 21, 18:52

Look at the long term charts. Sometimes it's better to play the players, not the movie's actual potential. {nm} PVL Admin Oct 21, 19:40