**Hi everybody,**
I just started investing but made a bad play. I saw the Trump news about cutting pharma costs right when he posted it on Truth Social. I thought I was making a “big brain” move by buying health insurance stocks like UnitedHealth, thinking they’d go up since they’d be paying less for medications (that was my logic at the time).
But when Trump officially announced it, UnitedHealth actually dropped further into the $375 range (I bought at $384). After thinking it through a bit more, I realized pharma companies are probably already selling to insurance companies at low prices—likely around the range Trump is aiming for—and it’s the insurance companies that are doing the markup. So it’s pharma stocks that might be okay, and insurance companies that could take the hit.
**What’s the best practice among investors when this happens?**
I’ve already set a sell order at $370 but I’m unsure if I should sell earlier or hold the stock.
*P.S. I’m okay with losing it all. I just want to know the best practice when someone makes a bad read.*
edited for grammer and spelling