Lost all my gains
I’m on the verge of erasing all my profits for 2023 and 2024.
Just a few percentage points away from that reality.
Should I hold my position or cut my losses before things get even worse?
I get that you all might not understand, but how do I cope with a $50,000 swing like this?
Am I too invested to sell and give in at this point?
One response
It sounds like you’re in a really tough spot right now, and it’s completely understandable to feel stressed about significant losses. Here are a few things to consider:
Reassess Your Strategy: Take a step back and evaluate your investment strategy. Are you in assets that align with your long-term goals? Sometimes, holding through volatility can be the right choice if you believe in the fundamental value of what you own.
Consider Your Risk Tolerance: Think about how much risk you’re comfortable with. If this kind of swing is causing you significant stress, it might be worth reassessing your position and whether it makes sense to continue holding or to cut your losses.
Diversification: If you’re heavily invested in a single asset or sector, consider diversifying. It can help mitigate risks and reduce the impact of market swings.
Focus on the Long Term: Remember why you invested in the first place. If the fundamentals of the companies you’re invested in are still strong, it might be worth holding on and riding out the wave.
Consult with Professionals: If you find it hard to make a decision, consider speaking with a financial advisor. They can offer personalized advice based on your situation.
Ultimately, it’s about what you can handle emotionally and financially. Don’t rush into a decision — take your time to think it through. You’ve got this!