Help!!! In trouble own 100 shares of ITMN stock @ 48.58 a share.What can I do to recover some loss?

Question by angel_1_2005: Help!!! In trouble own 100 shares of ITMN stock @ 48.58 a share.What can I do to recover some loss?
Please no critical answers. Just smart stock advice.

Best answer:

Answer by Spock (rhp)
rule number 1. ALWAYS cut your losses at the stop point you chose before you entered the trade.

rule number 2. ALWAYS choose the stop [exit] point before you enter the trade.

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losses have a way of piling up faster than gains.

And, NO. there is no way to reduce a loss after it has already happened. What you do is cut the loss short and then go back to making intelligent trades that fit into your trading plan — and you let the plan carry you back to victory.

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Help!!! In trouble own 100 shares of ITMN stock @ 48.58 a share.What can I do to recover some loss?

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