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<p>[QUOTE="desertgem, post: 957767, member: 15199"]I am on the sideline anyway, but I hope for your sake and others in the same boat are correct. I have been in stocks and commodities before, and can't count the number of times a similar phrase is used in forums. But, you really should have a plan in case it does continue down, other than just holding it hoping. When this last large decline in stocks came about, I eventually had to sell some at a loss. I am glad I did, as later I was able to buy it back even cheaper ( and not even a wash). Now, the account is profitable. If one sells a portion, If PM goes down more, that portion can be bought back to offset the loss on the rest. If prices rebound, the profit from the unsold will allow one to buy back the sold. True, you don't get terrific gains , but you don't get terrific losses either. You could also buy protection on the PM with options, but that is more complicated, IMO.</p><p><br /></p><p>Jim[/QUOTE]</p><p><br /></p>
[QUOTE="desertgem, post: 957767, member: 15199"]I am on the sideline anyway, but I hope for your sake and others in the same boat are correct. I have been in stocks and commodities before, and can't count the number of times a similar phrase is used in forums. But, you really should have a plan in case it does continue down, other than just holding it hoping. When this last large decline in stocks came about, I eventually had to sell some at a loss. I am glad I did, as later I was able to buy it back even cheaper ( and not even a wash). Now, the account is profitable. If one sells a portion, If PM goes down more, that portion can be bought back to offset the loss on the rest. If prices rebound, the profit from the unsold will allow one to buy back the sold. True, you don't get terrific gains , but you don't get terrific losses either. You could also buy protection on the PM with options, but that is more complicated, IMO. Jim[/QUOTE]
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