nothing happened to the company march happened to the whole market. also a stop loss doesn’t get you out at 7% just because you set it there. it would have just locked in a 60-70% loss before it bounced back for the day. that’s your choice, not mine.
I am an individual investor yes, but I have the same access to knowledge as any other. else I would be guilty of insider trading. I am also a long-term investor who knew the fundamentals of the company. 3 things happened on the day it crashed in march, all were indirectly related and temporary, the company didn’t change even as I watched it the following months. the market doesn’t move on unreleased news…
And again, I didn’t lose money, I just wasn’t making any profits for a short while, I was quite happy to have a chance to buy so many shares when plenty of people with cold feet sold out in such a rush losing money isn’t possible when you hold an asset that has no fixed value. just because I own something for a price and the next day someone else isn’t willing to pay that much doesn’t mean I lost the difference, if I sold at that price, then and only then have I lost that difference. just as you don’t gain anything if you sit on a position 59% up but don’t sell it. It’s not that difficult a concept to understand.
what’s dangerous is telling people what to do when you know nothing beyond your assumptions. It’s my money and my risk tolerance, where do you get off telling me my mindset is “dangerous” because it doesn’t line up with your own?
I’m an investor, not a trader and find no value in letting a machine make my decisions for me. but feel free to lock in your losses every time the market wobbles. I treat my money as “spent” as soon as it is deposited, and will have no issue if one of my holdings goes to 0 because I missed some key news in my DD at least that will be a loss due to myself and not because a machine decided for me.
the point of this topic is for the OP to be able to judge their position beyond a mere change in value, whether that is 1%. 4% or 20%+. they need to judge on the actual worth of the share, not just what others are willing to pay for it today compared to yesterday.