I clearly bought at the wrong time... but with the hopes it will rise again because of the mooiplaats sale... It did rise again to a point where I was at a 5% loss... Im sure I should of sold there but I think greed may have kept me holding... now Im down 17%,I guess what you implying is that I shouldve had a stop loss in place, But with a share that is unstable like this one at the moment wouldnt I be shooting myself in the foot? Also I think the Rumour of the Shady trades may have affected the performance in the last two days...?
so you didn't have an exit strategy, which means this is just a hope to make money .. an importantly exit strategy includes an upside exit at profit .. So now ignore the price you paid and decide on an upside and downside exit strategy .. all the potential is meaningless, look at ABL, it went to zero and without an exit strategy anybody holding it lost 100%
Â“The speculatorÂ’s chief enemies are always boring from within. It is inseparable from human nature to hope and to fear. In speculation when the market goes against you, you hope that every day will be the last day Â– and you lose more than you should had you not listened to hope Â– to the same ally that is so potent a success-bringer to empire builders and pioneers, big and little.Â”