So...

[JasonScandopolous]

Just entered the stock market [excl. 401(k)] with a few thousand bucks for the first time starting last week.... apparently we've had the worst thanksgiving week since 1932... I guess I should have waited till monday to get in, lol.

Anybody else hurting this week?

[Ninja Warrior]

Originally Posted by JasonScandopolous

Just entered the stock market [excl. 401(k)] with a few thousand bucks for the first time starting last week.... apparently we've had the worst thanksgiving week since 1932... I guess I should have waited till monday to get in, lol.

Anybody else hurting this week?

What position are you in? When you get into your positions, what was your original plan of exit under different scenarios?

I still think a bear market is in formation, since the market volatility and poor leaders action seem to resemble a bear market well. It is my personal opinion.

That being said, the market could be due for a bounce, but I am unsure how big the bounce is or whether it will ultimately occur.

I think if I were in your position, I would set a stop loss price, like 7-8% below your entry price. This can ensure that your capital can be preserved relatively well despite a set back. Mistakes are inevitable in investing/trading, I have found that capping my losses small have always ensured my portfolio staying relatively stable for a winner in the future.

In a bear market, I have also found taking profits quickly to be very important.

Good luck.