just saw the information on the hot copper diary and thought id take a look at the thread.
WOW, some monster losses for some across a huge range of stocks.
what's done is done, but right now as some are on rock bottom, now is the time to learn. If some of you have been smashed on so many of these terrible stocks which to be frank took me 15 mins to look at to realise that at no stage could you consider them anything other that HIGH risk then I suggest the following.
If you can lose across so many, obviously you have/had some sort of saving generated from income somewhere to put in
That's a start, you can rebuild, but you need to rebuild better
Problem seems to me that you have no idea on how to invest that income, trade the positions or allocate
So my 2 cents,,,,,
Stop trading
Seek immediate professional advice as to your remaining positions (if your using a broker or advisor that recommended or got you into these stocks in the past, get a new one ASAP)
review without bullshit why you bought, where on the chart you bought and what profit you were expecting, most of the answers will probably become clear right there
If you have no professional advisor and are just using stock forums, get one NOW because clearly you need assistance.
The hardest part is analysing your mistakes, accepting why you actually made them and getting someone to professionally help you ensure that your future income isn't lost within a concentrated bunch of poor companies.
Everyone loses money, I coped a 86000 loss on the last trade, on the last day of BNB, I was fully aware of the risks of trading the business but the only reason I didn't lose x10 times that was a ruthless use of stops when trading high risk businesses. If I had sat around thinking it will rebound and improve tomorrow by 11.22am all my money in BNB would have been lost forever.
Get some professionals to help you, you can rebuild, you can recover
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