My Letter to Mr Christiann Jordaan - MD of Mustang Resources, page-156

@Carmenbella

There is a saying which I am sure you have heard quoted many times, "be fearful when others are greedy and greedy when others are fearful"

It is commonly thrown around but there is more to it than just a clever quip. The deeper point is that you should not put yourself in a situation where you are prone to take action out of greed or fear, or in a position which exposes you financially in such a way that you are greedy or fearful, but rather point out that you are best taking action when you see the market behaving in a greedy fashion by selling and when you observe the market behaving fearfully by buying. It is a a statement of exercising trading discipline.

Your post although I can sympathise with, is the typical recurring demonstration of the mindset of a person who lacks trading experience and trading discipline and has stepped completely out of their comfort zone. I say this not as a criticism, but because you havent taken any measure apparently to protect your capital which any novice trader should have at least explored strategies to do so. This particular stock has 2 bagged in the last month, there was ample opportunity to sell half at one-bag and ride it out risk free-carried. But you rode the greed band-wagon.

I say the above genuinely not as criticism, this is my third venture into the markets and finally I have learnt enough to make a decent return for the last 4-5 years, after losing tens of thousands as a younger man. My point being is that experience costs money and the steps you have taken now that your experience has turned sour is precisely the wrong one, you are looking for someone to blame, someone to justify that you arent at fault, which will not lead you to correct the mistakes that you have made so far. You have invested you energy and allocated your time incorrectly to profit from the risks you are taking (except out of shear luck which sometimes happens).

I hope the above helps you on your journey, Im just paying it forward, good luck.