Re: Just bought my 1st 2 stocks
Tired and not having slept in a ridiculously long time, shouldn't be posting, but here goes...
Stocks are subject to sometimes very wide, and for the most part whimsical, short-term fluctuations. At times your stock going down is the result of negative news only somewhat related to the actual business. If you know what you're doing and did your homework i.e. you know the "real" value of the stock, a downswing is a great opportunity to be taken advantage of. Stop-loss is akin to telling your bank teller "YOU DID WHAT?!?!" when they say "we overfunded your account, but the money might as well remain yours."
Kirk
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