Bingo! This is why sensible position size is essential for long-term survival in the market. With today's 45% loss, a 10% position size on BIN translates to ~ 4.5% loss of total trading capital. This would be easy enough to overcome, especially with other stocks rising in the portfolio.
Money management and diversification is the holy grail to successful investing.
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- Ann: Bingo Market Update and FY19 Outlook
Ann: Bingo Market Update and FY19 Outlook, page-26
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