I think we all need to view our holdings as traders or you get burnt.
I like your buy and hold strategy but unfortunately for me that has led to a loss making scenario from a profitable one. If you buy and hold it has to be with a few 'high conviction' stocks and BRN certainly qualifies but if you're holding a portfolio of 30+ stocks you need to manage it (bad experiences)
Last time I sold out was when I read that some of the large holders were selling but then there was a push up to its all time highs, so I learnt to ignore some of the market noise...LOL
Below is something I think makes sense:
Fear = profitable position, causes you to sell your gainers way too early
Hope = unprofitable position, causes you to hold onto your losers way too long
Now all you've got to do is swap fear for hope and vice versa and you are looking at it the right way.
Applies to me...
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- Why I've sold all my BRN... and all my other Stocks
Why I've sold all my BRN... and all my other Stocks, page-733
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Last
20.5¢ |
Change
0.005(2.50%) |
Mkt cap ! $380.4M |
Open | High | Low | Value | Volume |
19.0¢ | 21.0¢ | 18.5¢ | $2.897M | 14.68M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 397036 | 20.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
21.0¢ | 512236 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 397036 | 0.205 |
8 | 1151625 | 0.200 |
9 | 617035 | 0.195 |
26 | 1205620 | 0.190 |
63 | 2611034 | 0.185 |
Price($) | Vol. | No. |
---|---|---|
0.210 | 472236 | 7 |
0.215 | 375171 | 10 |
0.220 | 708043 | 22 |
0.225 | 464276 | 12 |
0.230 | 354400 | 16 |
Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
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BRN (ASX) Chart |