What Should I Do if I Take a $57,000 Loss?

The 30-day wash rule means you can't buy PXD back for at least 30 days. You now have a $57,000 loss in your pocket that you can use in many different ways. The chances within 30 days of this stock going up more than 10% is pretty nil. But let's just say it went up in the next 30 days to $254 a share. Now you've increased your dividend yield by 1.2%. So really by just a little bit of thinking and doing that strategy, it would be very difficult for you to lose.

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