Market crahes

[SimonPB]

“More money has been lost trying to anticipate and protect from corrections than actually in them.” Peter Lynch

[#2]

well,for what it is worth - I have 2% portfolio risk in ANG and a further 2% in SGL. SGL is nicely in the money, ANG is kinda flat. My rationale is that gold is basically selling off - in dollar and rand terms, but these stocks aren't budging. My favourite kind of trade this - I think someone once called it a 'hounds of baskerville' trade - when you would expect a stock to do one thing, but it doesn't. So I would have expected gold miners to sell off, given weakness in the gold price - they didn't, so if gold swings up again (and looks like it happening), we can expect a big big move in the miners. If I am wrong, I will lose 4%, if I am right - I will make around 12-15%. Simple as that

[THRESHOLD]

Y, I am out of all of those SGL - have GFI though. Trade in and out so these things are way cheaper than free by now. Can't hurt. Took a couple of m of VIL on the basis that it is absurdly cheap. Binary - either I make many x my money or I lose half.

[#4]

eish - not cool. Holding on though ...