The republicans were going to take the senate. So the stocks went up. About 10 day ago it all went up in smoke. The market ofcourse knew this much earlier (we can never know what the market knows obviously) and prices crashed. Its impossible as we know to have a coal industry with democrats in power. We are now in the same situation as argentina in 1946 - our peron is obama. After this its crash and burn all the way. The horrors have only started. Just a guess
The future is unknown and so you can not say 'it gets worse'.
I am a bag holder. It is impossible to buy at the lows. And stocks that are low priced stay that way for a very long time. The best attitude to adopt is I am a worm, I am a nothing.
I'm doing ok. But not rich. Many times going against the crowd leads to losses. A perfect example is the shippers which are all going bankrupt. The only saving grace is that once your investment is zero there is no more pain.
That is the way to do it. A few times they go to zero. But that's perfectly ok.
Bought as high as 17. I only buy stocks where the prices have collapsed. And so 130 would not be for me. I do not use stops. Nothing will lose money faster.
I like that spurt to the mid 6's. Maybe the low has been seen and the price is close. Ofcourse the people here who chased it erred. Never buy a rising stock - buy low. Worst that happens you missed it.