A trying day for me - almost all my holdings down today.
I like this image a lot:
ZMI - a good example of my breaking my own rules. I reckon I got what I deserved. Bought months ago at 1.5c and thought I'd hold for results. Rode the spike up to 2.8 and all the way down again. The only good thing I did was put a falling sell order at 1.5, so I got out with brokerage today. Could have been worse.
Buying as a punt on results is fair enough, I think, but given my risk appetite, I *should* have protected my profits with a stop at about 2.4c.
My lesson: if a spec I'm holding goes up 80% for no real reason other than hype, I'll set a stop a few pips below.
Time to do some editing on my plan, I reckon.
