Originally posted by pranav1980
I would like to thank AT and ORE for the best Christmas gift I have ever received ( in terms of money).
The first short of my life was Galaxy and today I have closed my short position after 2 months. Not looking at it again!!!
Around March/April of this year I was long GXY for couple of months and lost a fair bit. I recovered all those losses (and more) by shorting GXY in last 2 months and closing position today. Start of this week I was afraid about release of SDV JV would lift SP but since Wednesday I was confident that there wont be any announcement by management and so I hold on to my short position and then yesterday ORE made the s**t announcement which helped me move into black.
One thing I learnt this year is never get attached to your share holding and dont take decision emotionally especially reading stories of long term holders on HotCopper!!! In fact most of the time if you do opposite of what people say on HotCopper, you have more chances of making money.
That's all for this year.
Have a Merry Christmas and a happy new year.
Well Mr Hollywood did say make sure youre on the right side of the trade.