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23/11/21
20:23
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Originally posted by martincooper:
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Great question! I have only three options for the next 2 years. Option 1: do nothing and let this unfold, it is impossible to get quick gain or recover the position after one year. Option 2: buy more shares and average down, which has been proven wrong to date Option 3: sell at a loss now and offset capital gain tax. I chose option 1 as it is the best course of action in my current financial situation. I only have 25K shares in the company. I am serious about playing long, not short hence my tolerance with time.
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fair enough. My learning from prior mistakes, is that if things are not hitting hard goals quickly then it tends to drag on. Ive had a similar misfortune with scl and just hold on like a good bag holder… we should have strict discipline with these loss makers, and cut without compromise when things aren’t going to plan.