SFX 0.85% 29.5¢ sheffield resources limited

I can share my own lessons Learned from Selling STA by ignoring...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 1,229 Posts.
    lightbulb Created with Sketch. 127



    I can share my own lessons Learned from Selling STA by ignoring whatever is written on the hotcopper analyst or experts.


    While I don't recall the exact price, I soldmy STA position at a loss around 36c. This experience highlighted theimportance of:


    • Profit Taking: Securing some profit, even if not optimal, can be better than waiting for an uncertain future.
    • Technical Validation: Focusing on a company's ability to deliver (e.g., plant functionality) can be more important than just commodity prices in some cases.
    • Capital Preservation: Protecting invested capital is a key strategy in the stock market, especially for new investors.


    Similar Experiences:



    This wasn't an isolated incident. I've learnedto take calculated losses on other investments to preserve capital. In somecases, I've even re-entered those positions later with a better understandingof the risks involved.



    Balancing Analysis with Risk:



    I appreciate the effort put into technical andfundamental analysis by some of the poster here, but investors should always prioritize understandingtheir risk tolerance and capital allocation before making investment decisions.


 
watchlist Created with Sketch. Add SFX (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.