Key insights
- An individual investor is experiencing a significant loss on shares of RPSG Ventures due to a sudden price decline. The post reflects the risks of investing based on short-term price momentum and highlights the potential for substantial losses in volatile markets. This has a limited influence on the US market.
I've bought 76 RPSG Ventures shares at Rs.1152 two weeks ago hoping the price would rise since the price kept increasing rapidly over the past few days... but suddenly the market price started going down...I waited and thought it was temporary but boom the price keeps going down! Now it's currently at Rs.839 and I've incurred over Rs.23k loss!!
What to do guys? Any experts here...can you please let me know if the price will rise again? If I sell now I'll lose 23k and if I hold I'm afraid it'll only keep decreasing