FDM freedom oil and gas ltd

simple answer:always have a stop loss.how to set your stop loss...

  1. 11,400 Posts.
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    simple answer:
    always have a stop loss.

    how to set your stop loss depends on your level of risk.

    low level:10%
    Medium:25%
    high:50%

    even at high risk, your stop loss would be in profit currently.

    I would (all IMO, DYOR) put it at 90c (i moved it up on recent move), thats where mine sits.

    reasoning: The volume of shares traded in the last few days is clearly higher than when it was slowly going down to 90c, meaning a lot of people were willing to buy higher. if it got to 90c, this would be a clear downtrend and I feel I would have the opportunity to buy back in at a lower price if it hit this level.

    Ofcourse, selling this stock always risks missing the reserve upgrade ;)
 
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