No, most people lose their money by not having a solid stop loss and sticking to it. I have always sold when I hit my stop losses even if a change in a share means I end up buying the same share back at a higher price a week later.
You must have an exit point in mind before you enter any trade and stick to it, it is a privilege for a company that you invest your money with them, hold them to a high standard of performance.
Long term I remain very bullish on Gold, eventually all the Central bank fraud and reckless money printing will result in massive inflation, the tricky part is working out just when that will be, these situations always continue far longer than anybody imagines possible resulting in lots of people predicting inflation long before it arrives, they are not wrong, just early, Good luck to you, it looks a little black right now but it can change in a week.
DYOR. I make wild guesses.
SAR Price at posting:
35.5¢ Sentiment: None Disclosure: Not Held
