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I bought KFRC@\$16.3, current pr is 10.23. Will the price rebound, how long should I wait? I am in huge loss.?

I didnt want to close the transaction at loss. As I waited, my losses kept on increasing. i believe Kforce is a strong company. It is especially doing good now, as the job market is improving. They are doing good placments and have recently ventured into government service placements as well. Analyst rating has also been positive, BUY.

First of all, you're thinking like an amateur. You need to get past that. A pro will follow this logic:

1) Cut losses short
2) Let profits run
3) Good money management

You have fallen into the trap that neophites fall into. They get a loss and hold on hoping it turns around and then they lose more. A pro will have a set loss limit that they are willing to take. You bought at \$16.30 and are down \$6.07. I don't know how many shares you have, but let's say you have 100. That's a \$607 loss. if you have 1k shares, you're down \$6070. A pro would have defined what the maximum amount he's willing to lose before he closes out the trade.

They may have set a stop loss order for a maximum of a \$3/share loss. So, if they bought 1k shares, that's a maximum loss of \$3000 they're willing to take. They set a stop loss order and when it's triggered, they are out.

Now, you can sell the stock and the price could rally and the neophite will kick themselves in the behind with the adage "If only I had held on..." or something along that line. That does indeed happen, but pro's don't think along that line. What if the price keeps falling? Let's say it goes down to \$6, can you stand another \$4.23 loss per share?

You see, you don't know what's going to happen, prices may rebound, but prices may continue to drop. Remember the first two axioms:

1) Cut losses short
2 ) Let profits run

You should have set your stop loss orders a long time ago and gotten out when it was triggered. The traders who consistently make money have DISCIPLINE. They follow their trading plan and trading rules with unwavering discipline. When a loss limit is triggered, they get out and don't look back. If the market rebounds, they don't beat themselves up, they follow their rules without question.

You don't have that yet and you need to develop that. Okay, so you cash out and cut your losses. You lost money. Everyone that trades has. And if prices do indeed start to rise again, you can always buy back in. An amateur focuses on how much money then can make, a pro focuses on capital preservation. If you manage the trade and look to preserve capital, the money will follow.

Whether it's a BUY or not is not material. You need to define what your loss limits are and stick to that. Do not second guess it. Pro's don't second guess their decisions, they stick to their rules and don't look back.

I trade the derivatives and FX market where if you don't follow the the rules, you could end up in a mess you don't want to be in. Let's say you bought 1000 shares of KFRC and you've sustaned a \$6.07/share loss or \$6070. The most you could lose is the full investment of \$16,300 (company could go belly up), but you should have set a stop loss and let it trigger.

Imagine if you would, you trade derivatives like me and you trade them the way you trade stocks - you sustain a loss and you don't want to cash out at a loss. So, let's say you buy 10 wheat contracts at \$8 (the margin on wheat is about \$2500 if I remember correctly, so that's \$25,000 in margin). You don't set a stop loss order and wheat drops to \$3. Do you know how much money you just lost? A futures contract is priced at X amount of dollars per contract and each contract controls X amount of units of the asset. In the case of wheat, 1 wheat contract controls 5,000 bushels and if wheat fell from \$8 to \$3, that's a \$5 loss per bushel so that's a \$25,000 loss per contract. You have 10 contracts, so you just sustained a \$250,000 loss. You should have flushed out a long time ago.

Pro's (whether it's stocks, futures or Forex) set stop loss orders. They define their maximum loss exposure they are willing to take and stick to it no matter what. You're losses are increasing. What is the maximum loss you are willing to sustain? If that dollar amount has been hit, then you need to get out. If the stock rebounds, you can always buy back in, but if it keeps falling, you're going to rack up additional losses.

I think you need to spend time developing a strict set of rules that you want to follow and stick with them even though the heavens fall.
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