▲ 11 r/Stocks_Picks
I bought a stock after a big run and now I’m sitting on a 20% loss. Hold or take my losses?
I bought a stock after seeing it rally quite a bit, thinking it would continue to do so. Since then it’s down about 20% and I don’t know what to do next.
Part of me wants to hold on, and see if it comes back. But I also wonder if I'm just holding on because I don't want to admit I've lost it." For those who have been in the same situation, how do you decide to hold on to a stock or cut your losses?
u/WidePreparation3041 — 5 days ago