Here's a quick lesson for you (not that you ever learn) and for others who might think about following you as a "martyr", from Mark Minervini. I have highlighted the important bits:
The 50/80 Rule (Excerpt from Mark Minervini’s Think & Trade Like a Champion)
November 19, 2018
To compound money, and not your losses, you need to be aware of an insidious probability I call the 50/80 Rule. Here it is: Once a secular market leader puts in major top, there’s a 50 percent chance that it will decline by 80 percent—and an 80 percent chance it will decline by 50 percent.
Think about these probabilities for a moment. After a stock makes a huge upward move, it will almost assuredly drop by 50 percent when it ultimately tops out. And, it’s a flip of a coin whether that downward move will be as much as 80 percent. The average percentage decline that big market leaders experience once they top is 70%!
Timing is not the point I’m making here. This story is a cautionary tale about paying attention to the first loss to hit your radar. Every major decline starts as a minor pullback. If you have the discipline to heed sound trading rules, you will limit your losses while they’re small and you will not throw good money after bad. But if you rationalize all the reasons why your stop should be ignored or why you shouldn’t use a stop in the first place, then the damage will be far greater when the stock keeps dropping. And if you “average down” through that drop, thinking this stock just has to turn around at some point, then the uncontrolled losses will devastate you psychologically, and eventually decimate your trading account. Holding a hard falling stock or worse, buying more may make you money once, twice, or a few times. But at some point your stocks will keep on falling. You won’t have just a loss on your original position; you’ll also lose on the additional shares you’ve bought. At this point, you might really compound your mistakes by convincing yourself this has to be the bottom, so you should buy even more! Some investors are so egotistical about accepting mistakes that they double down several times. Amateur traders strive to be right, pros strive to make money. Buying broken leaders may work for you at some point. But the reality is, you’re compounding mistakes—not money–-and eventually, this behavior will bite you hard and ultimately destroy any chances you have for stellar performance. That’s a guarantee!Sounds a lot like what you do, eh?
A2M has already halved in price - you willing to flip a coin to see if it goes down another 30%?
Expand
(20min delay)