If people invested just the right amount of cash they wouldn't worry at all with a 5,10 or 15% fall. An amount that will not keep them awake at night, the amount that doesn't drag them into a state of constant checking the SP, reading through posts on HC, an amount which doesn't make them focus all their time and energy on the stock. Obviously, that amount will depend on their savings and income so it varies but at the end, everybody should know what that figure should be.
In my case, I initially thought I had lost 5k on AJM, a lithium mining company that went into VA. I was disappointed but it didn't keep me scratching my head figuring out what I did wrong. I moved on just to find out it will be returning to quotation in July. If you worry too much about the SP the effects are similar if not the same as gambling, you start to average down, which causes you more stress as now the stakes are higher, just to realise the SP keeps plummeting and selling it all starts crossing your mind.
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1 | 2574 | 1.440 |
1 | 15000 | 1.435 |
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1 | 15000 | 1.425 |
Price($) | Vol. | No. |
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