Great post Timmo, particularly for someone who's been a leading bull in the past. Always hard to shift your own thinking and you sound like you're coming around to a really rational assessment.
There's an odd psychology many investors have about holding a loss until you break even again. It effectively means they buy on the downtrend and then get out just as its recovering, or it never recovers. It's a strategy that by definition can't win and they waste years going nowhere.
Losses have to be cut, admit the mistake, write it off and start again.
I'll give you a thumbs up 'cause you don't get many when you're not a true believer.
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lynas rare earths limited
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Last
$10.06 |
Change
0.070(0.70%) |
Mkt cap ! $9.345B |
Open | High | Low | Value | Volume |
$10.00 | $10.13 | $10.00 | $2.111M | 210.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 3455 | $10.06 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$10.07 | 400 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 2071 | 10.030 |
5 | 1239 | 10.020 |
11 | 3715 | 10.010 |
11 | 4189 | 10.000 |
18 | 4617 | 9.990 |
Price($) | Vol. | No. |
---|---|---|
10.040 | 486 | 3 |
10.050 | 1105 | 6 |
10.060 | 1524 | 6 |
10.070 | 3720 | 8 |
10.080 | 4306 | 7 |
Last trade - 10.04am 21/07/2025 (20 minute delay) ? |
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LYC (ASX) Chart |