FMG 0.68% $16.23 fortescue ltd

last price $5bucks, 12mth high $5.47, page-33

  1. 7,247 Posts.
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    I am still concerned about the Formosa deal

    Fear not. The board is always very upfront and clear. If there was any issue we would have been told.

    And for anyone who is excited about making a a LOT of money, yes, it does happen. I have trained myself to take the losses, not the profits. So when I'm on the train going the right way, I'm in no hurry to jump off.

    Its not easy to watch a big profit develop and not take it. Taking profits feels good, loss taking feels bad, so I've developed that scenario to the point where; "if it feels good, it may be the wrong thing to be doing..."

    My bottom line is always to try to only have profitable situations in my portfolio. I keep getting rid of the non-performers. Its not easy, if it was everyone would be rich.
 
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