BNB babcock & brown limited

Please stop being so hard on yourself. You are not stupid! Even...

  1. 1,612 Posts.
    Please stop being so hard on yourself. You are not stupid! Even the best have been in similar positions. We all get a boost when the market goes with us and we feel so clever but there is no point blaming yourself when it goes the other way.

    What I do is to ask myself each day if I had the money in the bank that the shares are currently worth would I buy them?

    If the answer is no - cash out. The price they were last week or a month ago is irrelavant. It is what they are worth right now is what you are currently worth as far that stock goes. I find this cuts the emotion out of the scenario.

    I am not holding but if I was in your position if the shares don't bounce in early trade I would cut my losses and if they do bounce I would have a floating stop loss of about ten percent underpinning the bounce.

    The funds upon a sale I would put into Woolworths (or similar stocks) and hold them long term and reap the dividends till I have my money/losses back.

    Just my opinion and DYOR

    What do others here think?


 
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