...9 months after APX peak at $38, Buy and Hodlers having suffered a -72% drop (from the peak) would have said "this is going into my bottom drawer". It was $10.50 then, and it went on to crash a further -93% !!!
...and perhaps its because they may have bought at 50c in 2015, that they anchored themselves to the past and not acknowledging that the golden boat has set sailed into the mist.
...many in once darling stocks now have this predicament. Stay anchored to the past or recognising the change that is unfolding? There remains a short window left to decide before the market decides for you.
5 year view
APX Stock Price and Chart — ASX:APX — TradingView
Cut your losers quickly. 10% is a reasonable threshold to consider. After that it becomes progressively harder to make up for the losses suffered.
https://x.com/Mayhem4Markets/status/1819850404676698216
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Its Over, page-23189
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