Published on 22 May 2023 on InvestorPlace via Yahoo Finance

3 Money-Losing Stocks to Cut Your Losses on Now

While the concept of market success glamorizes taking shots on potential winners, a holistically positive plan can’t ignore stocks to cut losses on. In other words, it doesn’t really matter if you pick a handful of moonshots if the other losses in your portfolio end up sinking your net holdings into the red. At some point, we all have to call it quits on former investments.

And that’s one of the reasons why I encourage investors not to assign emotionally charged language regarding the trading process. For you to win in the market, somebody must be willing to take the opposite side of the wager. Eventually, that someone could be you when the underlying security no longer justifies the risk. Therefore, you should treat the worst performing stocks to sell agnostically.

Ultimately, exiting out of losers and holding onto winners is about protecting your interests first. Believe me, nobody’s losing any sleep regarding your opinions about equities (unless you’re as influential as Warren Buffett). With that, sell these money-losing stocks before they do too much damage.