FDL flinders diamonds limited

confessions of a trader ..., page-17

  1. 24,765 Posts.
    Brighteyes, you mentioned that you bought some at 12c and said:

    "...well i made a mistake because i thought it was about to explode i stuffed up and will obviously hold now."

    This is where you are different to me.

    When I believe my purchase was a stuff up, and who doesn't make at least the occasional stuff up purchase, I usually pretty quickly sell out and move on.

    I'm quite OK with taking a loss.

    I don't continue holding the stock waiting for it to get back to what I bought so I can sell out and break even nor do I average down so there is a lower break even get out price.




 
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