hmmm i must admit that i am one of those "unresearched newbies"...

hmmm i must admit that i am one of those "unresearched newbies" that was stopped out today!

firstly good luck to those who are still in, and you never know i might join you soon.

But i think what concerns me the most is the ridicule that is being dished out to people who had stops and got stopped out today on their automatic stop losses.

The most important part of trading is capital preservation, and with this comes stop losses!! One should never enter a trade without a stop in mind and a stop in place!!

Yes some laugh how the trade returned from 3.7c to close at 4.4c and the people who "lucked" out with the stop!!

I think those people that had the stops are the only smart ones posting about TOX!! Yes hindsight we can say "Ohh i should have held on and i would have been right" but what if it didnt turn around??? What then?? the losses get bigger and so does the pain!!!

Then what would you do??? wait for it to turn around? If it never does?? sell at 2c instead of 4c??

To all my fellow traders out there, i seriously hope whenever you enter any trade a stop loss is placed, because next time, and all you need is one time, your trading capital will be decimated!!

Happy trading all and enjoy the TOX ride.....