I agree with you mate and well put. With every loss there is a...

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alconnor

464 Posts.

157

25/11/21

20:33

Post #: 57863763
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Originally posted by SuperWealthy: ↑

Not wanting to stir up an argument but the idea that we
only lose when we sell at a loss is one of the great myths of being in the market.

Reluctance to sell a losing position can be one of the most costly things we can do in this game.

We lose a great deal by having capital sit in a poorly performing position, rather than selling and putting the capital to work in a better stock or sector. Even a stock that stand still would be doing at least 30% better than AR9 in the medium term and likely closer to 50%.

We lose when we fail to exit a losing position quickly enough to minimise further, larger losses. Selling at a 10% loss can sting but sitting on a 30%-50% loss hurts more.

I’m stuck here holding the bag just like most others but I’ll acknowledge it for what it is - a mistake that I could have and should have fixed a little while back when my gut told me that I had been patient enough & it was time to bail out.

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I agree with you mate and well put. With every loss there is a lesson and having an exit strategy is equally important. Was a throwaway comment to joey1233 assuming I had lost money to AR9 which is far from the truth. Im still strong believer fundamentally and at these prices Ill will continue to throw money at it...will it be my demise? only time will tell.

AR9 Price at posting: 20.5¢ Sentiment: Buy Disclosure: Held
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Last 7.8¢		Change -0.002(2.50%)		Mkt cap ! $22.35M

Open	High	Low	Value	Volume
8.0¢	8.0¢	7.8¢	$9.147K	116.5K

Buyers (Bids)

No.	Vol.	Price($)
2	50836	7.8¢

Sellers (Offers)

Price($)	Vol.	No.
8.0¢	17288	1

View Market Depth

No.	Vol.	Price($)
2	50836	0.078
3	102102	0.077
5	264710	0.075
1	30000	0.072
1	19000	0.071

Price($)	Vol.	No.
0.080	17288	1
0.081	98300	1
0.082	93985	2
0.083	24240	1
0.085	11776	1

Last trade - 15.20pm 25/07/2024 (20 minute delay)

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I agree with you mate and well put. With every loss there is a...

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I agree with you mate and well put. With every loss there is a...

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