G'day Owen you said "I was very new to day trading when I bought into LUM, and didn't understand about stop losses. Hence I still hold LUM. It's too late to pull out now. But I am not bitter."
I think most go there, in the past (only I hope) I have been sucked into some dogs on enthusiastic "stories", seems it takes 3 years to get this naivety out of your system if you don't crash and burn in the mean time. Just remember, theres lots of good stories out there, but most of them don't come true, so if the technicals don't agree with the story something isn't right. Also don't be afraid of listening to the devil's advocates even if they are wrong the can bring a little reality in to the picture. Good luck with lum, I hope it goes well from here. However keep this in mind, an investor friend in Perth looked at a lum sign and commented "who would invest in THAT???!!! cheers Rod
LUM Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held