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20:22
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Originally posted by hypomaster
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I first bought RFG at $4.4 in late September as that was a good support level. It held and went up to 4.6 after the AGM. But then the negative news campaign started and the stock plummeted to $3.25 on 11 December. I wasn't worried by it because there had been similar articles written about Bakers Delight, Dominos, Seven Eleven, etc in the past. $3 was a good support level so I added some more at $3.07 , bringing my average down to $3.6.
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But it's an awful experience which I try to avoid by capping each investment at 2% of total capital. But still, losing 0.4% on a single stock in a single day brings a lot of stress.
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Wow, you are risk adverse if you put just 2% into a stock. Reading the start of your post I was thinking you were heavily invested. Losing 0.4% of your investments in a day should not put stress on you. That is exactly why you are so diversified. Consider the big picture - how much have your investments increased in the past 12 months? There are always a few bumps in the road.
