What is your Risk Tolerance?
Added 2023-12-03 10:32:03 +0000 UTC
Comments
Hello Gareth. I hope you are doing well. There are 2 schools of thought when it comes to allowing a position to go in the red. Traders say that you should always get out of a position if goes below your cost basis. However, if you are a long term investor, it seems that you have to go negative sometimes and average down. Do you have any thoughts and/or any resources that you can point me too regarding this. Thank you very much
Steven Richards
2023-12-21 17:28:32 +0000 UTCAdded
Chris H
2023-12-04 16:57:12 +0000 UTCJust finalized my analysis! Have an account of 6 figures and over 25 stocks in portfolio most ones acquired in the beginning of 2021β¦.in dec 2022 i had the worst period having -65% possible losses but managed to keep myself and starting slowly to DCA the account (not too much cause i invested like 90%)β¦now, i am like recovered well, almost doubled the money but still - 40%β¦.some of my positions went broke, others are doing very well but in a nut shell i think i managed to keep my head up and did everything i could to resist! So, how is the resistance considered Gar having my small storytelling on the boardβ¦? Thank you for your help in general, also my resistance is part of your calm/analysed approach and all advices received during last year! π€π
WallyN π·π΄
2023-12-03 10:56:22 +0000 UTCI think freeing up cash in the lead up is a lesson I need to learn.
Lyndon Richards
2023-12-03 10:47:22 +0000 UTCPersonally maximum since I invest money I donβt need in the next 5y and I aim to build generational wealth by investing into stocks and ETFs I have seen my portfolio being down 8% on a day but just bought more.
makis
2023-12-03 10:35:13 +0000 UTC
