Anonymous
Advise on lemonade stocks
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Chris
12 May 2021
Owner and Writer at Tortoisemoney.com
I'm sorry to not give you a straight answer but you need ask yourself these questions:
Are you trading or investing?
Why did you buy into LMND?
Does the reason still hold?
If you know why you bought into a company and the reason has not changed then instead of selling at a loss, you should stick to your plan. One of my favourite investors, Peter Lynch, liked to say, "If you liked it then, you'll love it at the current price!", referring to the stock price after a crash. At a fair enough point, you should even consider adding more!
From your question, you're likely a new investor to the market. It may be scary to see a 65% drop and trust me, I've had my fair share of drops too. Mindset is really the key to successful investing. Take this as a learning lesson and improve from here. Jiayou!
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"Stocks are not lottery tickets, there is a business behind every stock." - Peter Lynch
If you bought a company for investment and you liked it enough to buy at the price you got it, you should LOVE it if it dropped to give you a bigger discount.
If you don't, there may be an issue to why you bought in the first place.
Where do you see your investment in 10, 20, 30 years time? Don't focus on short term movements. Businesses do not fluctuate in valuation so quickly