Sorry for another post but let me add, a lesson I'm still learning is that it is harder to do the right thing when you are in the red.
Let's say you've let a stock drop, and you're 25% down. It is natural to not see the stock as winning until it gets back to your buying price. But that is not true. If PVM puts on 20% from here then you are 20% better off than you were, if you can sell and buy bak cheaper, theoretically you could be better than even before it gets anywhere near your buy price.
Not the best explanation, but for me I've done well with PVM because I've mostly been in the black, thanks to being in since 42c.
Other stocks, I have done exactly the same thing. I have no trouble booking profits, but booking a loss, even if it's a smaller loss is not easy.
A smaller loss is a profit.
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Sorry for another post but let me add, a lesson I'm still...
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