Lost money before in the stock market?

[TRACstar]

Quote from patch227:

if you see it as "failing" you are doomed to always loose

You're both right. The deciding factor is whether you stay on the floor or get right back up, dust yourself off, and keep trying. This is true of anything.

 

[HedgefundTrader2]

Quote from ninjastockman:

Anyone care to share stories on when they lost big money in the stock market and how they dealt with it? How much did you lose ? Did you hold on or did you cut losses and accept the loss at some point ? Do you regret cutting losses ? Would love to hear stories about anyone who lost money in the dot com crash as well.

People donot share failures, its against human nature. However they will pounce on any occasion to shout a boast.

 

[HedgefundTrader2]

Quote from overspool:

When I first started trading options (like my 3rd or 4th option trade) I bought some calls on AMAT right before market close the day before earnings. Bought them at about $.45 per contract. Earnings were fine but they lowered guidance so the stock took a nose dive in the after hours and pre-session. Being an ingorant rookie I put a market order to sell in for right when the market opened hoping I could catch it on the way down. It opened at $.05 and I lost it all.

The stock rallied througout the day and the calls closed at $1.25. Learned A LOT.

NEVER EVER BUY OPTIONs prior to earnings.

Volatility crush itself will create losses. We always sell Options prior to earnings in a safe directionless manner, staying out of the mess.