Powayseller, I suggest you take this as a lesson to make yourself a better investor.
There will be stocks that you believe very strongly that it’s the next Microsoft giving you a 10x or even 100x return over the next decade. But the only way to get that 10x return is you put it away and sit tight through all the volatilities. Then there are those that you “trade” and you remember to set stop losses and employ tactics like those Chris described and if they get stopped out you walk away.
Re: Ivernia. You said you don’t mind the volatility but yet you’re concerned it dropped so much. Well unfortunately short term volatility is part of long term investment. What you have to ask yourself now is whether Ivernia is a long term investment.
Re: COP. It went from $63 to $58 and you consider that “way down”. Sounds like your risk tolerance level, even at the individual stock level is pretty low. As such, should you invest in stocks at all ?
In my case, I didn’t invest in Ivernia for reasons that some other people have said on this thread but did follow Zeal’s advice and launched an oil and natural gas stock campaign between apr & jul. Collectively these stocks are down and some of them have been stopped out. If they rebound from here, great; if not, the stops will do what they’re supposed to do and I walk away and try to make money elsewhere.