The important thing is that you have a plan and you stuck to it.
I used to religiously follow charts, apply stop losses, etc, which is fine for those traders frequently moving in and out of stocks, chasing short term gains.
However, I now buy stocks that I think will appreciate in value over time. I don't bother with the short term fluctuations. SLR/IGR is one stock that I think will appreciate hugely over the next 2 or 3 years. When they start producing 400k ounces of gold in 2014, the share price will be a long way north of here. So a dip of 20 cents or so doesn't bother me in the slightest.
Everyone has their preferred method of making money on the sharemarket. Whatever works is fine...
SLR Price at posting:
$3.44 Sentiment: Buy Disclosure: Held
