i also am rather new...

tips for you.... instead of asking for specific advice, try reading the advice already out there..
you have what a lot of people belive to be a good stock.. wouldnt hurt you to much to hang on to it..(IMO) but do your own DD...

best tip from me is to read up on other users see how there stock pics did and how much DD they have posted....

GL

Some traders have a system in place that they will only let a particular trade go against them so far. Based on a % or a figure. If you have a system then I understand it is best to stick with it. Don't get emotional, don't fall in love and don't hold grudges against a stock.

The question is when to take profit or when to take a loss.

Profit
Some like to take a quick % and move on.
Others like to pick a stock they think will better than double then sell 1/2 of the shares at that time. This allows them to hold 1/2 the shares at NO COST. Then they will decide at a later time what to do with the free shares.

Loss
This is the hard part for me. I have a hard time admitting I was wrong. When I sell at a loss - in my mind I am saying "Paul, you were wrong". Get over that feeling if you can. This is where a system come in. Even if you take a loss, you can feel a small amount of victory because you held true to your system.

Summary...
You got to answer it yourself, and pick an answer you can live with.

I sold IBZT a whil back for a little under 1 cent. I can beat myself up for not holding it longer. OR I can fell that I made the sale at the point I decided and did not let greed get the best of me.

LOSS vs. GAIN
FEAR vs. GREED

There will be times youll feel so good about your move cause right afther you sold your shares, they just drop so hard,
but there will be times that you will try to kick yourself for selling to soon.
Believe me...been there, done that.

Good luck kid.

JC

Taking a loss is better than taking gains

Taking a loss is better than taking gains

Taking a loss is better than taking gains

Ohmmmmmm..

Taking a loss is better than taking gains

I am trying :-)

quote:

---

Originally posted by VNGNTN1:
HEY PAUL
Taking a loss is better than taking gains. Taking a loss shows you have mental control over circumstance beyond your control and not executed would cost much more.

---

------------------
Let not the rich man glory in his riches.