No. of Recommendations: 0
Unfortunately, right now is a horrible time to sell because the market is seriously down.

How do you know it's not headed further down?

Here's what I'd do in your situation. Either:

A. Sell the stocks and buy long-term at-the-money call options on the stocks (so you participate in any upside, with your downside risk limited to the option premium), or
B. Take out an equity loan/margin loan against the stocks. You'd probably be able to borrow 60% of the stocks' value, depending on how volatile they are. Later you can pay off the loan and reclaim your stocks, or (if the value has dropped too much) tell the lender to keep the stocks, or
C. Sell long-term out-of-the-money options on the stock, generating enough premium to pay the down payment (and hope the market doesn't move enough so those options are exercisable).

Should I sell tomorrow, wait a week...

If you don't believe in the market, sell now. If you believe, wait as long as possible.

Any chance of even a slight up-swing this week to at least minimize profit losses?

Yes. There's just as much chance of a downswing.
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