Take A Loss Quickly
Taking a loss is never pleasant and no one likes to do it. Yet, if one is to become an active investor, it will become necessary to take a loss from time to time.
If the decision has been made to sell and take the loss, it is risky to delay in hopes of getting a little extra. This usually results in an even greater loss as the price continues to drop even lower.
Once you have made a decision to sell and take a loss, you should complete the action as soon as possible. Why risk losing another 10 percent on the price? A market sell order will complete the sale with the greatest speed.
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If the decision has been made to sell and take the loss, it is risky to delay in hopes of getting a little extra. This usually results in an even greater loss as the price continues to drop even lower.
Once you have made a decision to sell and take a loss, you should complete the action as soon as possible. Why risk losing another 10 percent on the price? A market sell order will complete the sale with the greatest speed.
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