NVX 12.7% 71.0¢ novonix limited

Sometimes the best option is not to continue, but to...

  1. 1,943 Posts.
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    Sometimes the best option is not to continue, but to discontinue, and that can take quite a bit of courage too. I am not telling anyone what to do with their NVX position, however, I am saying that everything depends on the context. When it comes to investing in the stock markets in general, it is not only important to know when to open a position, but also when to close it. This is especially true when it comes to trading and/or dealing with risk assets. Ideally, one shouldn't open a position without having an exit strategy or a risk management of some sort in place. I know from my own personal experience that closing one's position, especially when you are new to the game, is much harder than opening one. As a newbie, there's always this hope in the back of one's head that maybe I will be able to come out with gains, but more than often it is this optimist in your head that is leading you astray.

    My two cents.
    Last edited by kokoro: 12/09/23
 
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