What is WHAT IF I AM WRONG Plan?

Let& #39;s say you bought SBI at 320....and you thought the time for SBI has come but what if you are wrong...

You said ok I will be out if it dips below 280. Imagine you invested 5 Lakhs in this stock. This way you are in control of the situation

SBI slips below 280 and you exit with a 13% loss. How much you lost - Rs. 65000 on an investment of 5 Lakhs....Bad luck

Where will you stand today?
Cash Balance 4.35 Lakhs looking for fresh opportunity

I am long term investor I don& #39;t sell - your situation
Paper loss of 2.1 Lakh

Now imagine if someone throws Warren Buffet& #39;s quote at you at this point in time.

You are an individual...you have the freedom to get in and get out of the market. Why not use it rather than just wait and pray all the time.

I wrote this note on http://smarketpremium.com"> http://smarketpremium.com  on SBI last month on March 04. Yes it matters why you should take small losses...its called surviving to fight another day