Cutting losses

Portfolio after cutting losses

Weak Tesla's financial data and high risk from China. That's why this article created. I had to cut losses to protect portfolio from bigger losses.

05/05/2016 I sold 3 Tesla Motors shares with 11% of losses. The next day (06/05/2016) I sold all 7 YY Inc shares with 9.3% losses. Yesterday (09/05/2016) I lost 10,.2% after I sold all 5 Baidu shares.

 

I had to sell all of them to prevent my portfolio from further losses. I lost trust to these shares and I had to get rid of them.

 

It often happens that shares which start to fall, fall even more. I don't want to waste my money.

 

It is very hard to decide about cutting losses, but in many conditions it is a good decision.

 

My portfolio now:

Adobe 16% Fiserv Inc 11% ULTA 9% Cash 64%

 

Portfolio: $4,719.05

Nasdaq: $ 4,809.88

Difference -$90,38 (-1.88%)

NASDAQ beats my portfolio now!

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