WHC

0.69%

$8.61 whitehaven coal limited

Target $18.72, page-641

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tin_shed_trader

16,210 Posts.

1111

09/10/22

09:25

Post #: 64103413
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Originally posted by psi81 ↑

I actually hit my WHC 10-bag last trading day! Buy price $1.08 for my last parcel. I have another parcel at $3-something so that's a while away yet.

I've had two 10-baggers before, LNC and LYC and sold out both of them at the right time. LNC was actually a 20 bagger and then ended up going bankrupt. Unfortunately both only small holdings which is why I'm not retired. I should have had a 10-bagger at KGN ($2.10 buy) but sold out at 5x just before the pandemic then watched it shoot up from my sell price of $10 to $25, so I have had both sides of the equation.

Three suggested methods for dealing with it psychologically:

1. Set a target sell price and just stick to it. Use a conditional order if you need to. Be aware that it's easy to pick tops and bottoms with hindsight but impossible to do it in advance, so forgive yourself if you have a situation like me with KGN where you sell out and the stock continues to rise. If that happens like it did with me and KGN, console yourself that you still made a big profit and move on.

2. Set a trailing stop with a fairly wide gap. Most brokers will let you set one automatically, Commsec does. Then forget it and let the algorithm do the work. This means you are guaranteed to miss the top but you'll still get out near the top. This is fairly safe unless there's a big temporary correction that triggers your stop and then shoots upwards again, but I don't think that's as much of a risk with a big commodity company like WHC, it's more a small cap problem.

3. Sell half your order and hold the other half with a trailing stop, which basically combines #1 and #2. You get upside if it continues to climb and you've locked in profits if it slides.

Above all, the key to dealing with 10 baggers is not to fall into the trap of blaming yourself for missing the top. Hindsight is 20-20.

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4. Be happy with solid profits even when you leave plenty on the table. They are beter than solid losses.

WHC Price at posting: $10.96 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $8.61		Change -0.060(0.69%)		Mkt cap ! $7.203B

Open	High	Low	Value	Volume
$8.67	$8.69	$8.55	$27.44M	3.184M

Buyers (Bids)

No.	Vol.	Price($)
9	33063	$8.60

Sellers (Offers)

Price($)	Vol.	No.
$8.62	5000	2

View Market Depth

No.	Vol.	Price($)
1	10000	8.590
1	1000	8.580
2	3333	8.570
6	26076	8.550
2	5067	8.540

Price($)	Vol.	No.
8.640	2000	1
8.670	905	1
8.680	2903	1
8.690	97090	5
8.700	1612	4

Last trade - 16.10pm 12/07/2024 (20 minute delay)

WHC (ASX) Chart

Target $18.72, page-641

Nimy to raise $1.21M to explore 'newsy' WA targets

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

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SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

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ASX hits all time high out the gate on Friday trades following bullish US inflation data

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Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Target $18.72, page-641

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SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

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ASX hits all time high out the gate on Friday trades following bullish US inflation data

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Almonty locks in govt agreement for tungsten oxide plant in South Korea

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News