Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited.

I carelessly invested in a stock on a spike near the peak price. How can I salvage my investment?
Ignore sunk costs and look to future returns.  Although it feels like a loss to exit an investment from a loss position, from a financial standpoint you should ignore the purchase price.  If your money could be better invested somewhere else, then move it there. You shouldn't look at it as though you'll be more financially secure because you waited longer for the stock to reach the purchase price.  That's psychological, not financial. Some portion of your invested wealth is stuck in this particular stock.  If it would take three months for the stock to get back to purchase price but only two months for an alternate investment to reach that same level, then obviously faster growth is better.  Your goal is greater wealth, not arbitrarily returning certain investments to their purchase price. Investments are just instrumental.  You want more wealth.  If an investment is not performing, then ignore purchase price and sunken costs.  Look at the reasonable expectations about an investment going forward.