My stocks have dropped 15% in 10 days. What should I do?

Hi, I'm from Indonesia and new in stock investment. So about 10 days ago I decided to buy 3 stocks consisting of 3 of the 5 largest banks in Indonesia with nearly equal portions each.

My reasoning was that:

1. I wanted to be safe so let's buy large banks stocks. Historically, the 1-year return was very good, 30%-40% and had always grew YoY. There's no chance of these banks going bankrupt.

2. I thought in May, the price would soar, so I decided to buy a lot because I thought now is a good entry point.

3. At first I wanted to invest and not trade. So I thought I wouldn't mind the volatility but now it got scary.

I decided to spend about 75% of my asset to these 3 stocks. Shockingly, once I bought, the price dropped ridiculously since the very same day until now. Many believe that it will continue to drop until about September. This is so frightening.

My mistake was:

1. I didn't set any cut loss point. I thought I was gonna go for long term and I didn't think it was gonna end up this bad anyway. My mentality was "I just lose money on paper, but one day the trend will reverse inevitably". I thought I was gonna go for long term, but apparently I need the money to make more money.

2. I invested too much for the first time, instead of doing a trial first. I really thought It was gonna go up.

Please help me how can I save these stocks? I'm thinking to average down once it reaches it's lowest point. I can't afford to lose this much as a beginner.

Alternatively, should I stop thinking about these 3 stocks at the moment and use what's left for investing in good bullish stocks?

Thanks so much in advance.

EDIT: Here's the stocks that I bought.

On 24/04 : https://www.bloomberg.com/quote/BNGA:IJ

ON 25/04 : https://www.bloomberg.com/quote/BBNI:IJ, https://www.bloomberg.com/quote/BMRI:IJ

Submitted May 05, 2018 at 03:09AM by wannabemanwhore https://ift.tt/2HPZaVj