IOH 0.00% 70.0¢ iron ore holdings limited

$3 now... wow be strong go long...been holding onto this winner...

  1. 980 Posts.
    $3 now... wow be strong go long...

    been holding onto this winner since 0.95, thanks to the great tip by top-pick.
    took some profits after $2... but still got plenty left.

    this is a good example of when to ride your winners all the way up... and not to take small profits.

    you should always cut losses early... but not take profits early. I hope this is a good lesson to all.

    I'm sure many watched it when it went past $2, and thought I'd be stupid to buy in now... well, the other motto is the trend is your friend.

    When the market does decide its been over-bought, then it'll be time to exit out... but until then...

    well done to anyone still hanging onto the ride.... and don't listen to the rumours, the price is determined by what the market is willing to pay.
 
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