Where did you lose it, under the sofa?
Look, you're holding, I mean looking at it wrong.
Did you have to realize that loss and sell it? No?
If you buy more during this correction, how will you feel
when it goes back up again?
Bottom line: look at it as a possible opportunity to
make up for the slide of the last few months by
dollar cost averaging your investment.
Good luck.
I don't know about other people, but this is how I look at it:
If I'm holding stock, I make money whenever it rises and lose money whenever it falls even if I don't sell. In this case, if I had known about the dip in advance somehow, I could have sold it all then bought again at the bottom, so I have lost potential money. When I sell, I just stop the ride and count my score.
Explained another way by valuing stock relative to money and money relative to stock:
If I sell or short then stock goes up, I lose money.
If I buy then stock goes up, I gain money.
If I buy then stock goes down, I lose money.
If I sell or short then stock goes down, I gain money.
Even holding money is essentially shorting the stock because if the stock price goes down, my money will be worth more relative to one share.
