+3 votes
26 views
in Banking by



I was in a profit of $350 a month ago but now I'm at a loss of around $410. I guess it is going to get bigger.

Do u think, I should sell my stocks at $410 loss? or Should I hold on? I have invested $3230.

You can buy when the market hits the rock bottom. Save money for that


1 Answer

+3 votes
by

At this point, I think I would hold on and ride it out. The markets could turn upwards very quickly if this stupid virus is brought under control.

by
+3

Yeah, but it looks it will go down further. The US banned flights to Europe. The virus spreads rapidly in Western European countries. But, nothing changed here in India.

by
+3

Well, if you are certain the markets will go substantially lower, then perhaps you can speculate and sell. But after the losses of the past couple of days, I would expect a "dead cat bounce" of maybe 5% upward, before it goes lower, and I would sell on such an up day.

And yes, the Europeans, especially the Italians, handled it very badly.

I'm glad India has been spared so far.

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+2

I hope everyone will be ok and everything will be back soon.

The weird thing is, a few days before Trump said the Coronavirus is a hoax, but now he suspended the flights to Europe.

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+2

I think what Trump said is not that the coronavirus is a hoax, but that a lot of the reporting on it has been an overblown hoax.

Objectively, about 4,000 people worldwide have died from coronavirus, about 3,000 of them in China.

In a typical flu season, about 250,000 to 650,000 die worldwide, let's say an average of about 400,000. That means the coronavirus outbreak would have to get about 100 times worse than it already is, to cause as many deaths as a typical flu season. Yet this is rarely (if ever) pointed out by CNN, etc., who seem to have a political objective in spreading the panic. Would they be making such a fuss if Obama, rather than Trump, were president? :ermm: I don't think so...

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+2

Coronavirus is not as deadly as Ebola. But it may slightly worst than the flu I guess. Because China had to lock down the entire province. And all the countries take it so seriously, Italy also has a lockdown. And now Trump implementing travel restriction to Europe.


by
+2

I don't think, Coronavirus is Trump's fault.


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+2

Sure, it could get 100 times worse in about a month if the exponential growth continues as per the clip above. Italy still seems to be on that track, but China seems to have passed the inflection point on their curve, if their statistics can be believed.

https://www.usatoday.com/story/news/world/2020/03/09/coronavirus-international-developments/4998528002/

https://abcnews.go.com/Health/number-coronavirus-cases-rises-italy-hit-hard/story?id=69513697

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