protection

One strategy you guys can take to protect your LGL is by taking some position in PUT option.
Some people don't want to sell at certain price as they believe LGL will in the long run goes up a lot but if you hold a big position it is important to have an insurance over your position. It is hard to know when to take profit but in extreme market movements it is always good to take some profit at some point, maybe not the whole lot of your core position but some and to insure some position by taking put option so your down side is limited, today we can see POG is heading lower at this time and if they sell more tonight in London, LGL will go lower tomorrow.
Nothing is sure in the market so being careful always pays of at the end.
Stick to your rules once you have accepted your rules no decipline is necessary.
Rules are not negotiable period.
Have fun mates!!!

Cheers.