I have learned from older men whom have lost their retirement money that a small loss easily becomes an enormous loss when you hold on to a bad stock. In the past I would have taken a break to cool off and returned to try to make my money back. This past year was very hectic for me I could not trade at all I needed full concentration in school. Stock trading is a fun way to invest but it should not become an addiction or an unhealthy gambling problem. Money is not the most important thing in life. At some point I will have a bit more time and I will return and make it back as I have in the past. In the past 7 years 2015 has been my only unprofitable year just because I was too busy to continue trading.
From the pictures below (last few trades I made in 2015) we can see how in less than a year I could have lost an enormous amount of money over $85k.
|I last traded Twitter at about $52.30 it now trades at $15.91 had I held on to it I would have lost $36,390|
|I last traded GoPro at about $43.75 it now trades at $12.42 had I held on to it I would have lost $31,330|
|I last traded Tekmira (Arbutus) at about $22.10 it now trades at $3.99 had I held on to it I would've lost $18,110|