DML 0.00% 1.9¢ discovery metals limited

Stop losses are essential for me, precisely because I get...

  1. 115 Posts.
    Stop losses are essential for me, precisely because I get attached.

    I have learnt the hard way and have been burnt too many times looking at a companies fundamentals and thinking that it is worth x, compared to what the market is valueing it at.

    In those cases I have justified holding the stock to myself even when in terminal decline. These lessons have changed the way I approach it an (hopefully) my objectivity.

    I don't know what will happen here, and I hope for all LT holders that it recovers quickly.

    If sentiment turns I will get back in because I fundamentally believe in the story. But for now I will sit on the sidelines, if I miss a small profit so be it.

    Good luck all!
 
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