Should I sell my $394 in stock before I lose it all?

[Anonymous]

should i sell my $394 in stock before i lose it all?
i brought about $394 in stock at the company i work for a year ago
the most i would have made if i sold the stock was so far only $25 that was awhile ago

i see all the news about the stock market crash

should i sell my stock?

[zeitgeist057]

During a downturn/crash is the WORST time to sell your stock. So, no, you should not.

Speaking of investments, an app I've been using for about a year now, "Fundrise", is offering a referral bonus: https://fundrise.com/r/5noy0p

If you use the link and deposit $10, we both get a bonus $50. That's a pretty good start. Also, this app is about investing in real estate, which is continuing to go up even while the stock market is going down. But $60 for a $10 investment is awesome, and a good start. They have an auto invest feature where you can auto deposit an amount of your choosing each month and it is great, it builds up quickly.

[John_Doesnt]

I'm guessing you're using Robinhood or Webull or some other app. You're likely using a cash account and not doing actual day trading.
I wouldn't recommend you use it at all unless you've got several months of experience with a demo account.

[Asker]

i use Robinhood

[John_Doesnt]

Then it's a cash account. You can't legally day trade in the US without having at least $25,000 in your account. My advice if you want to make money more often without having $25,000 is to switch to Forex (foreign currency). I've been trading Forex for years and the deposit minimum is usually only $100. You can make as many trades in a day as you want and they are open 24 hours a day Monday to Friday. There are several brokers with free demo accounts like Forex. com and IG Trading.

[Asker]

i dont day trade at all

i just have one stock with $394 in it

[John_Doesnt]

So you're just testing it out I guess. It sounds like you're not familiar with the system yet.

[AviatorTom]

The market is not crashing. It's in what's called a bear market, which means the market overall is decreasing in value. Just this past week, it actually rose. It's not the best time to sell.

[Iron_Man]

Talk to the stockbroker see what he recommends

[bean2k21]

What sector?

[jimmy2]

Lol yes