I lost $1000 today...

@bjone6 (348)
United States
March 13, 2007 9:44pm CST
So the DOW and NASDAQ fell by 2% and I felt a $1000 hit. I know this is a buying oppurtunity but it still hurts. I just have to remember that I am in it for long-term and short term losses will be my gains.
2 people like this
7 responses
kurtbiewald
@kurtbiewald (2625)
• United States
14 Mar 07
if you insist on gambling on the stock market, just deal with it dollar cost averaging long term would take the sting out of it
1 person likes this
bjone6
@bjone6 (348)
• United States
14 Mar 07
First of all, the stock market is not gambling. Check the statistics on stock market returns. Dollar cost averaging is great for people who are not that involved in their portfolios. Focus investing is better and gets more returns. Warren Buffet (the world's most famous/successful investor) goes in great depth about focus investing vs. dollar cost averaging.
1 person likes this
Indian2007
@Indian2007 (129)
• India
14 Mar 07
thats rite even in india the sensex and nifty are in bearish mode. i too got stuck in this. even today market is 400 points down. though this is said to be a buying opportunity but according to experts market will remain in bearish mode for atleast 2 months so rite now m holding back.
1 person likes this
moreinfo
@moreinfo (3865)
• China
20 Mar 07
hehe, investments always have high risks. wish you good luck for your adventures.
Perry2007
@Perry2007 (2229)
• Philippines
22 Mar 07
I recommend you get some insights from investors corner, however losing in investments is normal if you llike to win you should also learn to accept som losses, Your attitute at winning is great, I believe you will indeed gain more than you lose. Have a great day, share your winning moments soon.
bjone6
@bjone6 (348)
• United States
23 Mar 07
I don't really act on my short-term losses or gains. I watch it everyday. I hardly sell any stocks.
optionsguru88
@optionsguru88 (310)
• Singapore
17 Mar 07
Hi : It's always sad to loss money in trading; not to mention painful since $1,000 is no small amount. Just hope you would learn something out of this trading loss. I wonder, did you set a stop loss in your trade. I guess it's more advisable to set stop loss for your remaining position since the market is rather volatile now. I trade stock options and I strive to pick up my lessons from every losing trade. Every trading loss wakes me up to refine my technique and at the same time sharpen my trading experiences so that I would be more cautious when the same trading scenario bounces back again. Yours Truly, Tony Chai experiences from a disabled trader http://options4u.blogspot.com
bjone6
@bjone6 (348)
• United States
20 Mar 07
I don't use any advanced trading tools. I'm not even an active trader. I only buy stocks and I rarely sell them. I am a value investor so some of my stocks might have a beta that makes them more volatile.
optionsguru88
@optionsguru88 (310)
• Singapore
23 Mar 07
I guess it's ok if you know what you are doing. Yours Truly, Tony Chai http://options4u.blogspot.com
efreddy
@efreddy (250)
• Belgium
31 Mar 07
A fall of 2% isn't a buying opportunity already,the Dow fell on 19 october 1987 508 points from 2246 to 1738 and stood on Aug 1987 at 2722,so there can be greather corrections. But while on short term timing is very important on the long term it isn't really,the dow stood 20 years later above 12000. During all these time you still got dividend,so investing in stocks with money you don't need on short term is a good idea. On short term there are always risks and it's better not to put this money you need on short term to invest.
prisidio
@prisidio (35)
• Canada
19 Mar 07
That's rough, but like you said, in the long-term it will definitely be worth it. I have a few friends, business majors, who have made a fortune off the stock market. There seems to be a lot of money to be made in it. Besides, playing the stock market is a much better investment then buying lottery tickets or going to the casino!