XSO 1.75% 2,972.6 s&p/asx small ordinaries

The Brains Trust - 2021, page-5

  1. 4,169 Posts.
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    & just thought I would share this which has a few handy thoughts: last year I finally got better control of what & why I enter a trade & MOST importantly being willing to exit a trade = cut the dogs.

    FWIW I am sitting on only 1 dog NTI from years ago which I did NOT take a loss on when I should have .... entered at about 20 c and held down to below 1c iI HELD IT FROM THAT POINT TO JUST KEEP REMINDING MYSELF TO ACCEPT SMALL LOSSES & LOOK FOR BIG GAINS)
    Funny thing is I nearly purged it mid last year at about 1.5c and it then rocketed to nearly 6c. My chart notes at the time:

    "raised $0.5M; 100M @ 0.5c to sophs after hit 3c .... close 1.c WHAT A DOG WTF B= 3.1 x S rts to buy pot co!!! WASTING TIME HERE"
    Lesson for me:
    1. ACCEPT stop losses

    2. For me accept 100% I do not have the time or interest to even get close to the FA of a company = let the PRICE/CHART talk!

    https://hotcopper.com.au/data/attachments/2776/2776803-29949f805c9c894968a3f626baf7c45c.jpg
 
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