LOL well seems like a few have taken the stop loss approach like...

  1. 36 Posts.
    LOL well seems like a few have taken the stop loss approach like myself. This is one of the biggest single trading losses I've ever made on a single stock and with the down trend it's very difficult to make back on AXM in the short to medium term unless you have a very low entry or averaged down severely (may rebound to 19.5 in the short to medium term). I attempted to average down at every opportunity with AXM and it didn't pay off and ended up digging a deeper hole for myself. If any others like myself are stressed out or depressed with their losses I'd suggest you have a read of other people's trading mistakes and learn from theirs on the general discussion thread. Some poor blokes have lost a few hundred thousand on stocks like CVI and TMR which compares favourably to whatever losses people are holding on AXM. One of the best pieces of advice I picked up was always have a FIRM stop loss set and don't budge from it no matter what. Good luck to all AXMers and go hound down Mark Ashley for some answers! LOL
 
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