Never put one lump sum into any portfolio investment. You must have your risk management calculated before you invest. Master Traders go into a trade thinking that they are going to lose every trade that they make, that way their risk management is solid.
At 65,000, no way should you have invested the entire amount into stock or an instrument that is based on stock. You should have invested no more than 10 percent at the most, or you should have Dollar Cost Avg.
Also, smart traders get out of losing stocks quickly because the stock market is unpredictable, and the goal is to protect the majority of your capital or margin.
Example, the other the week I bought PIR ( Pier 1 Imports) at 1.17 a share. I did my research and realized that the company was basically at rock bottom and was in the process of redeveloping and restructuring their company, and based on their historical data they floor low and then go up by 4 or 5 dollars, and then drop again. I simply bought 100 shares (117.00 not even putting a dent in the majority of my capital) with the expectations of the investment just being a short to mid term investment ( in my opinion retail business is not for long term investment, just take advantage of the short gains and get out). ......I set my risk at 0.80 cents a share, meaning I was willing/expecting the stock to drop to 0.80 ( again , based on past data), which would have been a 37.00 dollar hit for me. Well, the other day, Pier 1 Imports 3Q earning were WAY off the mark, and then they fired their CEO. And just like that the stock dropped from 1.10 to 88 cents within minutes. I got out at 0.84, even ahead of my risk limit. I preserved the majority of the money for that particular investment and put it into another stock. MY MONEY LIVED TO SEE ANOTHER DAY.
Just don't sit their and let your losses pile up. YOU HAVE TO TRADE WHAT YOU SEE. If a stock drops by 50 percent, then that stock has to go up by 100 percent for you to break even!
When the market is going through a major pull back, especially during a period when the fed is trying to cap inflation, then investors are going to go to bonds to protect their profits, because bonds are less volatile. Once the market starts to recover, then they get back into the market. They just don't sit their and let their losses compound.
You have 7,000 left. The fed just raised rates by a quarter of a point, so there is not going to be a lot of spending, so the market will go through a lot of sideways movement or continue to drop, or there could be some growth. WE DON'T KNOW.
7000 is now your capital, so the goal is to protect most of it or all of it. If I were you, I would take out 5,000 and put it in my savings ( take advantage of the compound interests, and hopefully you're getting at least 2 percent interest). I would then take the remaining 2,000 and put it into an ETF. I'm not big on Index Funds because they are managed by a portfolio manager who decides what stocks will be in the portfolio. Get an ETF that is based on the top american companies, put the 2,000 into that, and dollar cost avg from her on out. Your money will grow over time ( with some losses her and there..but mostly growth).
Accept your loss and move on.