Re: Just bought my 1st 2 stocks
So you're content in buying a stock for 10$, and them if it falls to 5$ for no reason, you sell?
Do you do this with everything in your life (i.e. house/car/etc)
Let's say you are a businessman who travels a lot so you buy a New York appartment valued at 1 million USD to sleep there when you're in town, and also because you think prices are going up and feel like speculating on real estate. Now let's say the market crashes the very next day, and now the market only pays 500k for the brand new appartment wich you didnt even use..
Would you even consider selling it at this new price?
Why would it be any different with stocks? Please explain.
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