Dealing with a -% in your stock portfolio

Hello,

If you have been holding long like me some of you maybe deep in red too. Dur-ring these times we must remain like a honey badger! honey badgers don't give a f*ck. if you are at a loss of above 100$, I would wait and sell when your at 100$ loss instead of selling for a 1,000$ loss. Unless of course you have a large account unlike my small account size.

On paper trade i managed to make 2.8 million starting with 1mil in 2008. I wish that was real cash but I am working on building a real cash portfolio, And to add to how I deal with losses I have been studying Options Trading.

I am not going to post links here, but I am not talking about Binary Options either. I am talking about real stock options trading. If you are a tech trader like me than you might find Options interesting. So many strategies and maintenance involved but such a powerful tool to help you if utilized properly.

I think a huge part of losing big in options is because traders gung ho in blindly without doing a little research to understand it, of at first glance Options look to complex that they are afraid to get into it.

The goal is not to make a home run on the first hit you cant expect to make 10,000% all the time or at all, but you never know. it could happen I have seen some crazy shit happen in my trade days.

anyhow if you go for smaller gains over time it adds up to more cash flow in the long run. unless you hit mega home runs everyday which most people do not have time for unless they trade at some crazy firm, then go for smaller gains over time or one huge gain in a longer term. 

Imagine if you would have bought 3M "scotch tape makers" stocks ticker MMM in 1964 for 3$ per share 1,000 shares for 3,000$ invested Today would be worth about $143,240.00 return on investment and that's not including the dividends over the years. I am sure during that time frame MMM had deep red days too on the way up to the 100's.

So my point is before you throw those "losers" away. Think about the future of the company and if it's worth losing a potential retirement plan.

Risk Management is the best thing you can do for your self. don't lose all your profits by going into one play, diversify until you build up your account higher.

GL Trading