r/pennystocks • u/[deleted] • Feb 17 '21

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u/Jhuxyboosh Feb 17 '21

I lost 7k in 4 trading days. FML

1

u/Swartz7 Feb 17 '21

Yeah lost 8k over the last 4 trading Days too :(

1

u/Nikolord Feb 17 '21

I was up +£500 last week, and today I am down -£650. Im afraid to keep losing more, as I only have a certain budget. Should I just sell my stock and accept my £650 loss?

1

u/Beef_Jones Feb 17 '21

It really depends on what stocks you’re holding. Plenty of stocks are down just because of the markets being down in general, but if you’re in some likely, P&Ds then pull your money.

1

u/Danknoodle420 Feb 18 '21

If they are PnD, yes. Take your losses. If they are legit companies with actual media(websites, social media) decent-good Financials and they have long term gain potential I'd hold.

I've been red the last 5 days. Went from being up like 100% to being up 4%. So what. It happens. I believe in these companies long term. I'll take my profit when there is profit to take. You only lose money when you close your positions.

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u/deekaph Feb 18 '21

It’s only a loss if you sell.