Stop loss could be a good tactic, but I rarely use the stop loss.
A commodity cycle usually last 2 to 3 years, for either boom or bust.
I was very very lucky to buy GLN from late 2020, participated in 50c raise (dropped to low 40s), was fortunate enough to exit around the top while lithium price was up 10 times.
Now lithium price has been down over 85%, so it's very likely another cycle is coming.
As long as the company does not have going concern (with excessive debt), with a quality lithium project, it should be well-positioned for the next cycle.
Obviously there will be risks, only investing the money afforded to lose, at the moment, I'm on a paper loss as I re-entered recently, and am still buying.
It's a high reward/risk case, imo.
In a worse scenario, lithium price might stay low for next 6 to 12 months, but stock market usually reacts earlier. No pain no gain.
All imo.
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