Up or Down ??, page-3650

Hi Byron, hang in there, there’s significant support on the chart at 60c and the fundamentals seem solid (if 60c doesn’t hold it could get very ugly though). It can be disheartening to see your investment down on paper and it can be challenging psychologically. The easy money has already been made in the markets from mid 2020 until Oct/Nov 2021 and it created a false sense of of security amongst a large amount of investors who don’t understand we’re now in a very different cycle of the market. Interest rates rising, real estate price decline, equities being sold off as cash and bond rates become a more a attractive safe haven…..it’s going to be a tough grind in the markets now, not like those easy money days of the last 18 months. You said your son is studying finance? If so I’m sure he’ll reaffirm where I’m coming from with the above. Can I suggest you sit down with your son and write yourself (yes, physically write down) a solid trading plan. This will encompass position size relative to your portfolio, stop loss, entry/exit criteria, your risk level (ASX50-ASX500…) etc etc. Trading/investing with a black and white plan will take a lot of the emotion out of it for you because simply buying and hoping will always end with you giving all your money back to the market.