Investors often can get caught on the wrong side of the market direction. Recently a member wrote about a bit of a predicament he is in on SDOW having bought it a bit late. With the Dow Jones roaring higher, he wonders how he can save himself from taking a loss or whether it is best to take the loss and move on.
His question was posted to Teddi’s Help With Trades where members can post questions to my website and answers are posted back. This removes the possibility of spam filters or mail servers failing to delivery emails. It is a great way to get a hold of me and to know that your question was received.
Let’s review the question and look at some choices.
I was late getting into SDOW and I’m holding 700 shares at a cost basis of $23.13. Are there any recommendations/guidelines on reducing the cost basis further with additional purchases or is the market heading higher and I should take the $1,200 loss now and move on?
Stopping The Bleeding In SDOW Losses – Jan 29 2015
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Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.
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