Playing investor keep them or dump them?
About two years ago in November I put 5k in an Ameritrade account. It was just for the experience. I had always wanted to try it out. From that time to the following year I gained a bit over $2000. When one lucky stock shot through to the roof I sold. That gave me the $2000 profit. That went into my moneymarket. I should have left it there but figured you never know what is going to happen I'm one of those people who always thinks the worst. Listening to the other side, in the last six months put 1k back in. Okay this is just a play thing for me. At that point I still had around 7k total in my account 6k in stocks and about 1k in my money market.
In the last 3 months I have seen my account go down and down but since I have so little in it I just figured I'll hold on. Well, now I am down to about $5,100. I haven't lost my initial money but I figure that will start soon. Still I don't want to sell out at this point. How much do you think I could loose? All my stocks have gone down pretty severely already. Stay or sell? I wonder what I should do? If I lost another 2k I wouldn't suffer it would just be a bit depressing. I guess if things went that low we would be in the great depression. i wonder if things are ever going to go up again? Not sure what I am going to do.
I just wanted to share my thoughts.