SDL 0.00% 0.6¢ sundance resources limited

i just lost over 25k, page-5

  1. 813 Posts.
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    For those SDL holders that bought in on the high side (60c plus), including myself, and are prepared to wait then the profit will be there... albeit eventually.
    If the fundamentals are there, why set a stop loss ?? You don't want to miss out when the announcements start rolling through.
    In hindsight ... look at the charts. If you had bought in at the absolute high with a stop loss set, then it would have been triggered soon after. Buy in again .. okay it would have been triggered again .. and so on ... right down to the 30's SP where we sit right now.
    Stop losses are good for certain strategies .. but not in a long down trend as SDL has been in.
    Not everyone on here is a short term trader.
    SDL will do well for the patient, and those that bought in at the high prices... :)
 
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Currently unlisted public company.

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